Sector: Technology | Industry: Electronic Equipment & Parts |
See Regulatory Filings on SEC |
Company Contact | |
Address: | 2750 PREMIER PARKWAY,, SUITE 900 DULUTH GA 30097 |
Tel: | N/A |
Website: | https://boxlight.com/investor-relations/overview |
IR: | See website |
Key People | ||
Dale W. Strang Interim Chief Executive Officer, Director | Gregory S. Wiggins Chief Financial Officer | Henry Nance Chief Operating Officer | Shaun Marklew Chief Technology Officer |
Business Overview |
Boxlight Corporation is a provider of interactive technology solutions. The Company designs, produces and distributes interactive technologies, including its interactive and non-interactive flat-panel displays, light emitting diode (LED) video walls, media players, classroom audio and campus communication, cameras and other peripherals for the education market and non-interactive solutions, including flat-panels, LED video walls and digital signage for the Enterprise market. The Company also distributes science, technology, engineering, and math (STEM) products. The Company offers professional training services related to its technology in the United States. The Company's product categories include Front-of-Class Display (Mimio and Clevertouch brands), FrontRow Classroom Audio and IP-based school-wide communication systems for bells, paging, intercom, and alerting, and educational software and content (Mimio Connect, LYNK Whiteboard, OKTOPUS, MimioStudio). |
Financial Overview |
For the fiscal year ended 31 December 2023, Boxlight Corp revenues decreased 20% to $176.7M. Net loss applicable to common stockholders increased from $5M to $40.4M. Revenues reflect a decrease in demand for the Company's products and services due to unfavorable market conditions. Higher net loss reflects Change in fair value of derivative liabi decrease of 90% to $267K (income), General and administrative expenses increase of 3% to $61.3M (expense). |
Employees: | 228 as of Dec 31, 2023 |
Reporting Currency: | U.S. Dollars |
Enterprise value: | $56.63M as of Dec 31, 2023 |
Annual revenue (TTM): | $176.72M as of Dec 31, 2023 |
EBITDA (TTM): | $7.75M as of Dec 31, 2023 |
Net annual income (TTM): | -$40.42M as of Dec 31, 2023 |
Free cash flow (TTM): | $8.99M as of Dec 31, 2023 |
Net Debt Last Fiscal Year: | $22.92M as of Dec 31, 2023 |
Shares outstanding: | 9,728,465 as of Mar 8, 2024 |
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization |