Boxlight reports Q4 revenue down 38% to $24M; net loss per share $8.65

Boxlight Corp

Q4 2024 revenue $24.0M, down 38.2% YoY; gross margin fell to 30.6% from 31.7%.
Net loss of $16.7M ($8.65 per share) vs. $17.7M loss ($9.35 per share) in Q4 2023.
Adjusted EBITDA loss widened to $1.8M from $1.1M loss in prior year quarter.
FY 2024 revenue $135.9M, down 23.1%; net loss $28.3M vs. $39.2M loss in FY 2023.
Non-compliance with credit agreement covenants; March 2025 amendment waives breach.

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