secwatch.observer — SEC 8-K summary
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Issuer:     Boxlight Corp (BOXL)
CIK:        0001624512
Form:       8-K
Filed at:   2024-11-13T23:59:59+00:00
Accession:  0001628280-24-047592
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Boxlight Q3 revenue down 27% to $36.3M; net loss improves; covenant non-compliance
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- Revenue $36.3M, down 26.9% YoY; gross margin fell to 33.8% from 36.3%.
- Net loss $3.1M ($0.34 EPS) vs $17.8M loss ($1.90 EPS) last year; Adjusted EBITDA $2.2M down from $4.9M.
- Cash $10.5M; not in compliance with senior leverage ratio covenant; finalizing amendment to credit agreement.
- Launched IMPACT Max 2 interactive panel and UNITY audio/safety device; unified Clevertouch brand.
- Operating expenses reduced 56% YoY (incl $13.2M impairment); employee costs down $2.0M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1624512/000162828024047592/0001628280-24-047592-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1624512/000162828024047592/boxl-20241113.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-047592

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer