secwatch.observer — SEC 8-K summary
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Issuer:     Boxlight Corp (BOXL)
CIK:        0001624512
Form:       8-K
Filed at:   2025-11-06T23:59:59+00:00
Accession:  0001628280-25-049914
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Boxlight Q3 revenue down 19% to $29.3M; net loss widens to $6.2M; not in compliance with debt covenants
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- Revenue $29.3M, down 19.2% YoY; gross margin fell to 29.1% from 33.8% due to tariffs and pricing pressure.
- Net loss $6.2M ($1.88 basic loss per share) vs $3.1M loss in Q3 2024; adjusted EBITDA negative $0.4M vs positive $2.2M.
- Not in compliance with borrowing base and senior leverage ratio covenants under credit agreement at July, August, and September 30, 2025.
- Raised $3.6M from stock offering and $1.9M from warrant exercises; ended quarter with $11.8M cash and $36.7M debt.
- Regained Nasdaq listing compliance on October 8, 2025; launched CL Totem digital signage in North America.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1624512/000162828025049914/0001628280-25-049914-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1624512/000162828025049914/boxl-20251106.htm
  HTML page:      https://secwatch.observer/filing/0001628280-25-049914

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