secwatch.observer — SEC 8-K summary
======================================

Issuer:     Boxlight Corp (BOXL)
CIK:        0001624512
Form:       8-K
Filed at:   2025-08-13T23:59:59+00:00
Accession:  0001628280-25-040173
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1624512/000162828025040173/0001628280-25-040173-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1624512/000162828025040173/boxl-20250813.htm
  HTML page:      https://secwatch.observer/filing/0001628280-25-040173

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