Boxlight Q3 revenue down 28% to $49.7M; net loss $(1.90) per share

Boxlight Corp

2023-Q3 EPS reported -$2.39 revenue$137,909,000

Revenue $49.7M, down 28% YoY; net loss $17.8M vs income $3.1M prior year.
Adjusted EBITDA $4.9M, down $5M from $9.9M; non-cash goodwill impairment of $13.2M.
Gross margin improved 570 bps to 36.3% on lower manufacturing/shipping costs.
Q4 guidance: revenue ~$43M, adj EBITDA ~$3M, flat with prior year.
Cash $18.4M, working capital $61.4M, stockholders' equity $30.6M.

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 the third quarter ended September 30, 2023 results: revenue $49.7 million, net income $17.8 million, EPS $(1.90).

Period: the third quarter ended September 30, 2023
Revenue: $49.7 million
Net income: $17.8 million
EPS: $(1.90)
Result: reported results

Exact text from the filing

the extent that such subsequent filing specifically references such information. --- EX-99.1 (EX-99.1) --- Boxlight Reports Third Quarter 2023 Financial Results • Revenue was $49.7 million for the quarter, a decrease of 28% from the prior year quarter • Net loss per basic and diluted common share was $(1.90), compared to net income per basic and diluted common

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Source: SEC EDGAR

accession 0001628280-23-037805

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