Boxlight Q2 revenue $30.9M, down 20% YoY; net loss widens to $4.7M; covenant waiver secured

Boxlight Corp

2025-Q2 EPS reported -$2.95 revenue$53,275,000

Revenue $30.9M, -19.9% YoY; +37.6% sequentially from Q1 2025. Gross margin 35.0% vs 37.7% prior year.
Net loss $4.7M ($1.53 loss per basic/diluted share) vs net loss $1.5M ($0.92) in Q2 2024.
Adjusted EBITDA $1.3M, down from $3.7M in prior year; management cites industry headwinds.
Ended quarter with $7.6M cash, $0.5M working capital deficit, and $39.0M debt net of issuance costs.
Not in compliance with credit agreement covenants; forbearance and waiver obtained covering Apr-Jul 2025.

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