Boxlight Q2 revenue down 21.1% to $47.1M; net loss per share ($0.12); guides Q3 revenue $60M

Boxlight Corp

2023-Q2 EPS reported -$0.47 revenue$88,242,000

Revenue $47.1M (-21.1% YoY); net loss per basic share ($0.12) vs ($0.04) prior year.
Gross profit margin improved 970 bps to 37.9%; Adjusted EBITDA up $0.2M to $5.4M.
Customer orders fell 37% to $51.2M; ended quarter with $15.6M cash, $64.8M working capital.
Q3 2023 guidance: revenue of $60M and Adjusted EBITDA of $10M.
Key customer orders: $7.2M from Bluum, $6.7M from Graphics Distribution.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Boxlight Corp reported the second quarter ended June 30, 2023 results: revenue $47.1 million, net income ($0.8) million, EPS ($0.12).

Period: the second quarter ended June 30, 2023
Revenue: $47.1 million
Net income: ($0.8) million
EPS: ($0.12)
Result: reported results

Exact text from the filing

extent that such subsequent filing specifically references such information. --- EX-99.1 (EX-99.1) --- Boxlight Reports Second Quarter 2023 Financial Results · Revenue was $47.1 million for the quarter, a decrease of 21.1% from the prior year quarter · Net loss per basic and diluted common share decreased by $0.08 to ($0.12) from the prior year quarter ·

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Source: SEC EDGAR

accession 0001558370-23-014279

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