Boxlight Q2 2024 revenue down 18.1% to $38.5M; net loss widens to $1.5M

Boxlight Corp

2024-Q2 EPS reported -$0.94 revenue$75,608,000

Revenue $38.5M vs $47.1M in Q2 2023; gross margin slipped to 37.7% from 37.9%.
Net loss $1.5M ($0.18 per share) vs $0.8M ($0.12) a year ago.
Adjusted EBITDA fell to $3.7M from $5.4M; cash $7.5M, debt $40.3M.
Cut >$5M annual opex; launched UNITY, TimeSign, and STEM Robo 3D printer.
Recognized by TIME as one of World's Top 250 EdTech Companies (28th).

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