Boxlight Q3 revenue up 13% to $68.7M; net income $3.1M; guides Q4 rev $48M

Boxlight Corp

2022-Q3 EPS reported -$0.04 revenue$178,967,000

Revenue $68.7M (+12.7% YoY); diluted EPS $0.03 vs $0.01; adjusted EBITDA $9.9M vs $7.2M.
Gross margin 30.6% (+470 bps YoY); customer orders fell 14.3% to $43.7M.
Cash $22.0M; working capital $62.3M; stockholders' equity $46.8M; positive operating cash flow.
Q4 2022 guidance: revenue ~$48M, adjusted EBITDA ~$2M; full-year revenue ~$227M, adjusted EBITDA ~$18M.
FrontRow acquisition contributed $5.6M to Q3 revenue; organic revenue growth 13.3% YTD.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Boxlight Corp reported third quarter ended September 30, 2022 results: revenue $68.7 million, net income $3.1 million, EPS $0.03. Guidance initiated.

Period: third quarter ended September 30, 2022
Revenue: $68.7 million
Net income: $3.1 million
EPS: $0.03
Guidance: initiated
Result: reported results

Exact text from the filing

filing specifically references such information. --- EX-99.1 (EX-99.1) --- Boxlight Reports Third Quarter 2022 Financial Results ● Revenue increased by 12.7% to $68.7 million ● Net income per diluted common share improved by $0.02 to $0.03 ● Adjusted EBITDA increased by $2.7 million to $9.9 million ● Ended quarter with $22.0 million in Cash, $62.3

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Source: SEC EDGAR

accession 0001558370-22-017142

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