---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-24-021662"
form_type: "8-K"
ticker: "BOXL"
cik: "0001624512"
company_name: "Boxlight Corp"
filed_at: "2024-05-08T23:59:59+00:00"
generated_at: "2026-06-02T10:26:30.607890+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Boxlight Q1 revenue down 9.9% to $37.1M; net loss widens to $7.1M; guides Q2 rev $43-45M

## Summary
- Revenue $37.1M vs $41.2M YoY; net loss per share ($0.76) vs ($0.35).
- Gross margin fell 230 bps to 34.5%; adjusted EBITDA plunged to $0.2M from $3.3M.
- Q2 2024 guidance: revenue $43-$45M, adjusted EBITDA $2-$3M.
- Post-quarter lenders provided $2M bridge loan with option for $3M more in June.
- Company cut ~$5M in annual operating costs; incurred $0.9M severance in Q1.

## SEC filing metadata
- accession: 0001628280-24-021662
- form_type: 8-K
- ticker: BOXL
- cik: 0001624512
- company_name: Boxlight Corp
- filed_at: 2024-05-08T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1624512/000162828024021662/0001628280-24-021662-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1624512/000162828024021662/boxl-20240508.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-24-021662
- JSON: https://secwatch.observer/filing/0001628280-24-021662.json
- Plain text: https://secwatch.observer/filing/0001628280-24-021662.txt

## Key facts
- Earnings Releases
  Boxlight Corp reported the first quarter ended March 31, 2024 results: revenue $37.1 million, net income Net loss was $7.1 million, EPS ($0.76). Guidance initiated.
  - Period: the first quarter ended March 31, 2024
  - Revenue: $37.1 million
  - Net income: Net loss was $7.1 million
  - EPS: ($0.76)
  - Guidance: initiated
  - Result: reported results
  source text: Financial and Operational Highlights: • Revenue was $37.1 million for the quarter, a decrease of 9.9% from the prior year quarter • Gross profit margin in Q1'24 decreased by 230 basis points to 34.5% due to change in product mix from the prior year quarter • Net loss was $7.1 million , compared to net loss of $2.9 million in the prior year quarter • Net loss per basic and diluted common share was ($0.76), compared to ($0.35) net loss per basic and diluted common share in the prior year quarter
  evidence_url: https://www.sec.gov/Archives/edgar/data/1624512/000162828024021662/0001628280-24-021662-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.