What is the current Boxlight Corporation share price?

The current share price of Boxlight Corporation is US$ 4.73

How many Boxlight Corporation shares are in issue?

Boxlight Corporation has 666,951 shares in issue

What is the market cap of Boxlight Corporation?

The market capitalisation of Boxlight Corporation is USD 3.15M

What is the 1 year trading range for Boxlight Corporation share price?

Boxlight Corporation has traded in the range of US$ 0.50 to US$ 10.15 during the past year

What is the PE ratio of Boxlight Corporation?

The price to earnings ratio of Boxlight Corporation is -0.04

What is the cash to sales ratio of Boxlight Corporation?

The cash to sales ratio of Boxlight Corporation is 0.03

What is the registered address of Boxlight Corporation?

The registered address for Boxlight Corporation is 2750 Premiere Parkway, Duluth, Georgia, 30097

What is the Boxlight Corporation website address?

The website address for Boxlight Corporation is boxlight.com

Which industry sector does Boxlight Corporation operate in?

Boxlight Corporation operates in the Hardware & Equipment sector

Boxlight【BOXL】銘柄情報

期間 †	前日比	前日比 %	始値	高値	安値	平均出来高	VWAP
1	0.58	13.9759036145	4.15	5.095	3.7401	234501	4.52072368	CS
4	3.8601	443.740659846	0.8699	8.42	0.5973	1599914	4.61630812	CS
12	3.61	322.321428571	1.12	8.42	0.5973	635877	3.98745148	CS
26	3.02	176.608187135	1.71	8.42	0.5973	3676014	1.96896909	CS
52	2.88	155.675675676	1.85	10.15	0.5	2974402	2.81127194	CS
156	2.52	114.027149321	2.21	10.15	0.3031	1372702	2.47448935	CS
260	2.39	102.136752137	2.34	10.15	0.252	1199805	2.17144148	CS

期間 †

前日比

前日比 %

始値

高値

安値

平均出来高

VWAP

0.58

13.9759036145

4.15

5.095

3.7401

234501

4.52072368

3.8601

443.740659846

0.8699

8.42

0.5973

1599914

4.61630812

3.61

322.321428571

1.12

8.42

0.5973

635877

3.98745148

3.02

176.608187135

1.71

8.42

0.5973

3676014

1.96896909

2.88

155.675675676

1.85

10.15

0.5

2974402

2.81127194

156

2.52

114.027149321

2.21

10.15

0.3031

1372702

2.47448935

260

2.39

102.136752137

2.34

10.15

0.252

1199805

2.17144148

Boxlight Reports First Quarter 2026 Financial ResultsMay 15, 2026 6:00 PM
Business Wire Boxlight Corporation (Nasdaq: BOXL) (“Boxlight” or the “Company”), a leading provider of interactive technology solutions, today announced the Company’s financial results for the first quarter ended March 31, 2026. Financial and Operational Highlights: Revenue was $22.4 million for the quarter, an increase of 0.1% from the prior year quarter Gross profit margin in Q1’26 decreased to 30.9% from 35.9% from the prior year quarter Net loss was $(6.5) million, compared to net loss of $(3.2) million in the prior year quarter Net loss per basic and diluted common share was $(2.25), compared to $(8.45) net loss per basic and diluted common share in the prior year quarter Adjusted EBITDA1, a non-GAAP measure, decreased by $3.4 million to $(2.8) million from the prior year quarter Launched FrontRow Symphony™ campus communication platform in January 2026, a next-generation, IP-based solution that unifies bells, paging, intercom, classroom audio, and emergency alerts into a single platform, expanding the Company’s FrontRow portfolio and strengthening its position in campus-wide communication and safety systems Ended the quarter with $6.9 million in cash, $25.3 million in working capital and $(2.0) million in stockholders’ deficit Management Commentary “Boxlight has made meaningful progress in improving operational efficiency and aligning our cost structure with Fiscal Year 2026 revenue expectations,” said Ryan Zeek, Chief Financial Officer. “At the same time, we have strengthened our product portfolio by moving away from proprietary network packages toward more scalable, SIP based solutions. While global trade policies continue to impact component costs, our diversified mix of audio, communications, video, and software solutions, along with a geographically broad customer base, positions Boxlight favorably within the industry. We also took proactive steps to absorb IEEPA tariff related costs in 2025 rather than passing them through to customers, which was reflected in our Q1 2026 cost of goods sold. Our continued execution and innovation have been recognized externally as well, with Boxlight named to TIME’s list of the Top 250 EdTech Companies for the third consecutive year.” “Technology refresh cycles and the ongoing shift toward digital learning continue to support long term demand,” Mr. Zeek added. “While near term pressures remain, we expect a recovery in spending as deferred demand returns. With a proven portfolio, operational discipline, and consistent industry recognition, Boxlight is well positioned to capitalize on this opportunity.” According to Futuresource Consulting, global unit demand for 2026 is expected to remain consistent with 2025 levels, aligning with Boxlight’s Q1 2026 performance and reinforcing expectations for stabilization in the broader market. Financial Results for the Three Months Ended March 31, 2026 (Q1’26) vs. Three Months Ended March 31, 2025 (Q1’25) Total revenues were $22.4 million as compared to $22.4 million for the first quarter last year, resulting in a 0.1% increase. The increase in revenues was driven by higher sales of interactive flat panel displays. Cost of revenues were $15.5 million as compared to $14.4 million for the first quarter last year, resulting in a 7.8% increase. The increase in cost of revenues was attributable to the increase in units sold and a $1.5 million increase in customs expense. Gross profit was $6.9 million for Q1’26 compared to $8.0 million for Q1’25, a decrease of 13.7%. Gross profit margin was 30.9% for Q1’26 and 35.9% for Q1’25. The decrease in gross profit margin was primarily related to increases in pricing pressure within the industry compared to the prior year quarter and an increase in customs expense. General and administrative expenses for Q1’26 were $8.4 million, representing 37.2% of revenue as compared to $7.6 million representing 33.8% of revenue for Q1’25. The increase in general and administrative expenses in Q1’26 was due to increases in professional fees of $0.5 million and other expenses of $0.5 million, offset by a $0.3 million decrease in contract and consulting expenses. Depreciation and amortization expenses for Q1’26 were $2.6 million, representing 11.4% of revenue as compared to $2.5 million representing 11.0% of revenue for Q1’25. Research and development expenses for Q1’26 and Q1’25 were $0.9 million and $0.9 million, respectively, and represented 4.2% and 4.1% of revenue, respectively. Research and development expense primarily consists of costs associated with the development of proprietary technology. The increase was attributable to the allocation of certain general and administrative expenses to new and ongoing research and development projects. Other expense, net for Q1’26 was $2.0 million as compared to $0.5 million for Q1’25, representing an increase of $1.5 million. The increase in other expense was primarily driven by the change in fair value of common warrants in Q1’25, offset by the decrease in interest expense on our term loan in Q1’26. Net loss increased $3.3 million to $(6.5) million and was a result of the changes noted above. Net loss attributable to common shareholders was $(6.8) million in Q1’26 compared to $(3.6) million in Q1’25, after deducting fixed dividends recorded for Series B preferred shareholders of approximately $0.3 million in both years. Total comprehensive loss was $(6.7) million for Q1’26 compared to $(2.7) million for Q1’25, reflecting the effect of cumulative foreign currency translation adjustments on consolidation, with the net effect of a $(0.1) million loss and a $0.6 million gain for Q1’26 and Q1’25, respectively. Basic and diluted Loss per Share for Q1’26 was $(2.25) compared to $(8.45) per basic and diluted share for Q1’25. EBITDA2, a non-GAAP measure, for Q1’26 was $(3.1) million loss, as compared to $1.6 million EBITDA for Q1’25. Adjusted EBITDA for Q1’26 was $(2.83) million loss, as compared to $0.55 million gain in Q1’25. Adjustments to EBITDA included changes in fair value of common warrants, stock-based compensation expense, gains/losses from the remeasurement of derivative liabilities, severance charges, and the effects of purchase accounting adjustments in connection with prior period acquisitions. Balance Sheet; Credit Agreement At March 31, 2026, Boxlight had $6.9 million in cash and cash equivalents, $25.3 million in working capital and $34.1 million in debt, net of debt issuance costs. The Company was not in compliance with its financial covenants related to the borrowing base or the Minimum Consolidated Adjusted EBITDA under the Whitehawk Credit Agreement at March 31, 2026. Pursuant to the May 2026 Forbearance Agreement, the Lenders granted a limited waiver of the borrowing base and Minimum Consolidated Adjusted EBITDA defaults for the periods ended March 31, 2026 and April 30, 2026. ________________________________ 1 This is a non-GAAP financial measure. A reconciliation of this non-GAAP financial measure to its comparable GAAP financial measure has been provided in the financial tables included in this press release. An explanation of this measure and how it is calculated is also included below under the heading “Non-GAAP Financial Measures”. 2 This is a non-GAAP financial measure. A reconciliation of this non-GAAP financial measure to its comparable GAAP financial measure has been provided in the financial tables included in this press release. An explanation of this measure and how it is calculated is also included below under the heading “Non-GAAP Financial Measures”. About Boxlight Corporation Boxlight Corporation (Nasdaq: BOXL) is a leading provider of interactive technology solutions under its award-winning brands Clevertouch®, FrontRow™ and Mimio®. Boxlight aims to improve engagement and communication in diverse business and education environments. Boxlight develops, sells, and services its integrated solution suite including interactive displays, collaboration software, audio solutions, supporting accessories, and professional services. For more information about Boxlight and the Boxlight story, visit http://www.boxlight.com, https://www.clevertouch.com and https://www.gofrontrow.com. Forward Looking Statements This press release may contain information about Boxlight’s view of its future expectations, plans and prospects that constitute forward-looking statements, including the information regarding finalization of a waiver with the Company’s lender. Actual results may differ materially from historical results or those indicated by these forward-looking statements as a result of a variety of factors including, but not limited to: our ability to continue operating as a going concern; our ability to comply with certain covenants, minimum liquidity and borrowing base requirements under our existing credit agreement, or to obtain waivers of compliance; our ability to maintain a listing of our Class A common stock; changes in the sales of our display products; seasonality; changes in our working capital requirements and cash flow fluctuations; competition; our ability to enhance our products and to develop, introduce and sell new technologies and products at competitive prices and in a timely manner; our reliance on resellers and distributors; the success of our strategy to increase sales in the business and government market; changes in market saturation for our products; challenges growing our sales in foreign markets; our dependency on third-party suppliers; our ability to enter into and maintain strategic alliances with third parties; our ability to keep pace with technology; changes in the spending policies or budget priorities for government funding of schools, colleges, universities, other education providers or government agencies. Boxlight encourages you to review other factors that may affect its future results and performance in Boxlight’s filings with the Securities and Exchange Commission, including under the heading “Risk Factors” in its Annual Report on Form 10-K for the year ended December 31, 2025, as filed on April 15, 2026, and any updated to those risk factors in Boxlight’s subsequently filed Quarterly Reports on Form 10-Q. Given these factors, risks and uncertainties, we caution you not to place undue reliance on forward-looking statements. We expressly disclaim any obligation to update or revise any forward-looking statement as a result of new information, future events or otherwise, except as required by law. Use of Non-GAAP Financial Measures To provide investors with additional insight and allow for a more comprehensive understanding of the information used by management in its financial and decision-making surrounding pro forma operations, we supplement our consolidated financial statements presented on a basis consistent with U.S. generally accepted accounting principles, or GAAP, with EBITDA and Adjusted EBITDA, which are non-GAAP financial measures of earnings. EBITDA represents net loss before income tax expense (benefit), interest expense, depreciation and amortization. Adjusted EBITDA represents EBITDA plus stock-based compensation, severance charges, the change in fair value of derivative liabilities, change in fair value of common warrants, purchase accounting impact of inventory markup and fair value adjustments to deferred revenue. Our management uses EBITDA and Adjusted EBITDA as financial measures to evaluate the profitability and efficiency of our business model. We use these non-GAAP financial measures to assess the strength of the underlying operations of our business. These adjustments, and the non-GAAP financial measures that are derived from them, provide supplemental information to analyze our operations between periods and over time. We find this especially useful when reviewing pro forma results of operations, which include large non-cash amortizations of intangible assets from acquisitions and stock-based compensation. Investors should consider our non-GAAP financial measures in addition to, and not as a substitute for, financial measures prepared in accordance with GAAP. We report our operating results in accordance with U.S. GAAP. We have disclosed in the table below the results on a constant currency basis to facilitate period-to-period comparisons of our results without regard to the impact of fluctuating foreign currency exchange rates. The term foreign currency exchange rates refers to the exchange rates we use to translate our operating results into U.S. Dollars for all countries where the functional currency is not the U.S. Dollar. Because we are a global company, the foreign currency exchange rates used for translation may have a significant effect on our reported results. In general, our reported financial results are affected positively by a weaker U.S. Dollar and are affected negatively by a stronger U.S. Dollar as compared to the foreign currencies in which we conduct our business. References to our operating results on a constant-currency basis mean our operating results without the impact of foreign currency exchange rate fluctuations. We believe disclosure of constant-currency results is helpful to investors because it facilitates period-to-period comparisons of our results by increasing the transparency of our underlying performance by excluding the impact of fluctuating foreign currency exchange rates. However, constant-currency results are non-U.S. GAAP financial measures and are not meant to be considered in isolation or as a substitute for comparable measures prepared in accordance with U.S. GAAP. Constant-currency results have no standardized meaning prescribed by U.S. GAAP, are not prepared under any comprehensive set of accounting rules or principles, and should be read in conjunction with our consolidated financial statements prepared in accordance with U.S. GAAP. Constant-currency results have limitations in their usefulness to investors and may be calculated differently from, and therefore may not be directly comparable to, similarly titled measures used by other companies. Discussion of the Effect of Constant Currency on Financial Condition We calculate constant-currency amounts by translating local currency amounts in the current period at actual foreign exchange rates for the prior year period. Our constant-currency results do not eliminate the transaction currency impact of purchases and sales of products in a currency other than the functional currency. Three Months
Ended
March 31, 2026 Three Months
Ended
March 31, 2025 % Decrease (Dollars in thousands) Total revenues As reported $ 22,442 $ 22,423 — % Impact of foreign currency translation (995 ) - Constant-currency $ 21,447 $ 22,423 (4 )% Boxlight Corporation Condensed Consolidated Balance Sheets As of March 31, 2026 and December 31, 2025 (in thousands, except share amounts) March 31,
2026 December 31,
2025 (Unaudited) ASSETS Current assets: Cash and cash equivalents $ 6,888 $ 9,370 Accounts receivable – trade, net of allowances for credit losses of $915 and $1,055 13,814 15,358 Inventories, net of reserves 36,616 38,126 Prepaid expenses and other current assets 8,170 6,624 Total current assets 65,488 69,478 Property and equipment, net of accumulated depreciation 1,680 1,770 Operating lease right of use asset 6,636 7,009 Intangible assets, net of accumulated amortization 14,515 17,080 Deferred tax assets, net 1,466 1,472 Other assets 883 734 Total assets $ 90,668 $ 97,543 LIABILITIES AND STOCKHOLDERS’ EQUITY Current liabilities: Accounts payable and accrued expenses $ 20,180 $ 22,786 Accounts payable and accrued expenses - related party 3,090 3,699 Short-term debt 1,274 1,274 Operating lease liabilities, current 1,638 1,741 Deferred revenues, current 8,982 9,273 Derivative liabilities 2 5 Derivative liabilities - related party 511 476 Other short-term liabilities 4,550 3,598 Total current liabilities 40,227 42,852 Deferred revenues, non-current 14,173 14,849 Long-term debt 32,866 32,877 Operating lease liabilities, non-current 5,354 5,650 Other long-term liabilities 59 60 Total liabilities 92,679 96,288 Stockholders’ deficit: Preferred Series A stock, $0.0001 par value, 50,000,000 shares authorized; 167,972 shares issued and outstanding, at March 31, 2026 and December 31, 2025, respectively — — Common stock, $0.0001 par value, 4,166,667 shares authorized; 3,401,707 and 1,370,010 Class A shares issued and outstanding at March 31, 2026 and December 31, 2025, respectively — — Additional paid-in capital 158,520 155,123 Accumulated deficit (162,945 ) (156,420 ) Accumulated other comprehensive income 2,414 2,552 Total stockholders’ (deficit) equity (2,011 ) 1,255 Total liabilities and stockholders’ equity $ 90,668 $ 97,543 Boxlight Corporation Condensed Consolidated Statements of Operations and Comprehensive Loss For the three months ended March 31, 2026 and 2025 (Unaudited) (in thousands, except per share amounts) Three Months Ended
March 31, 2026 2025 Revenues, net $ 22,442 $ 22,423 Cost of revenues 15,503 14,380 Gross profit 6,939 8,043 Operating expense: General and administrative 8,351 7,576 Depreciation and amortization 2,556 2,463 Research and development 936 912 Total operating expense 11,843 10,951 Loss from operations (4,904 ) (2,908 ) Other (expense) income: Interest expense, net (1,274 ) (2,487 ) Other income (expense), net (700 ) 653 Loss on warrant issuance — (578 ) Change in fair value of derivative liabilities (32 ) (9 ) Change in fair value of common warrants — 1,936 Total other expense (2,006 ) (485 ) Loss before income taxes $ (6,910 ) $ (3,393 ) Income tax benefit (expense) 385 150 Net loss $ (6,525 ) $ (3,243 ) Fixed dividends - Series B Preferred (317 ) (317 ) Net loss attributable to common stockholders $ (6,842 ) $ (3,560 ) Comprehensive loss: Net loss $ (6,525 ) $ (3,243 ) Other comprehensive income (loss): Foreign currency translation adjustment (138 ) 570 Total comprehensive loss $ (6,663 ) $ (2,673 ) Net loss per common share – basic and diluted $ (2.25 ) $ (8.45 ) Weighted average number of common shares outstanding – basic and diluted 3,038,178 421,541 Reconciliation of net loss for the three months ended March 31, 2026 and 2025 to EBITDA and Adjusted EBITDA (in thousands) Three Months
Ended
March 31, 2026 Three Months
Ended
March 31, 2025 Net Loss $ (6,525 ) $ (3,243 ) Depreciation and amortization 2,556 2,463 Interest expense 1,274 2,487 Income tax (benefit) (385 ) (150 ) EBITDA $ (3,080 ) $ 1,557 Stock compensation expense 163 169 Change in fair value of derivative liabilities 32 9 Change in fair value of common warrants — (1,936 ) Loss on warrant issuance — 578 Purchase accounting impact of fair valuing deferred revenue — 119 Severance charges 51 57 Adjusted EBITDA $ (2,834 ) $ 553 View source version on businesswire.com: https://www.businesswire.com/news/home/20260515733624/en/ Media
Sunshine Nance
+1 360-464-2119 x254
sunshine.nance@boxlight.com Investor Relations
Ryan Zeek
+1 770-891-1331
investor.relations@boxlight.com Original: Boxlight Reports First Quarter 2026 Financial Results

Boxlight Reports Fourth Quarter and Full Year 2025 Financial ResultsApril 16, 2026 9:30 AM
Business Wire
Boxlight Corporation (Nasdaq: BOXL) (“Boxlight” or the “Company”), a leading provider of interactive technology solutions, today announced the Company’s financial results for the fourth quarter and full year ended December 31, 2025.

Financial and Operational Highlights:

Revenue was $26.6 million for the quarter, an increase of 11.0% from the prior year quarter

Gross profit margin in Q4’25 decreased by 711 basis points to 23.5% from the prior year quarter

Net loss for the quarter was $(9.7) million, compared to net loss of $(16.7) million in the prior year quarter, which included accelerated amortization of $12.3 million

Net loss per basic and diluted common share was $(9.96), compared to $(52.14) net loss per basic and diluted common share in the prior year quarter

Adjusted EBITDA1 decreased by $3.2 million to $(4.9) million from the prior year quarter

Ended the quarter with $9.4 million in cash, $26.6 million in working capital, and $1.3 million in stockholders’ equity

Launched FrontRow Symphony™ campus communication platform in January 2026, a next-generation, IP-based solution that unifies bells, paging, intercom, classroom audio, and emergency alerts into a single platform, expanding the Company’s FrontRow portfolio and strengthening its position in campus-wide communication and safety systems

Management Commentary

“We continued to take actions during 2025 to align our cost structure with current revenue levels while maintaining focus on our core education and corporate markets,” said Hank Nance, Chief Operating Officer of Boxlight. “We also expanded our product portfolio with the launch of FrontRow Symphony™, which strengthens our classroom communication offering. As we enter 2026, our priorities remain centered on operational discipline, margin improvement, and driving topline growth by doubling down on our relationships with our trusted reseller partners, through a reconstructed sales organization with aligned territories, and continued product evolutions and iterations to support the educational environment for years to come.”

Ryan Zeek, Boxlight’s Chief Financial Officer, added, “As Hank mentioned, we took actions during 2025, particularly in Q4, resulting in one-time and/or non-recurring charges reflected in the Q4’25 financial results. This was necessary to position Boxlight for a better tomorrow in lock step with the continued investments in R&D that brought our launch of FrontRow Symphony™ to fruition.”

Revenues being up 11% in Q4’25 as compared to Q4’24 is a step in the right direction for Boxlight. There are more steps to come in this journey, with a particular focus on generating revenue at a velocity that is sustainable at a reduced expense load. 2026 brings a year of potential, and we are taking actions daily to match Boxlight’s expense structure with the topline revenue.

Overall, 2025 was a challenging year for the interactive flat-panel display (IFPD) market, and Boxlight was not immune to the challenges, as reflected in our FY’25 financial results. Unlike revenue, which can fluctuate significantly in a short period, expenses tend to be more structural in nature and slower to adjust. Expense actions taken in 2025 are already in place and will be reflected in the 2026 results.

WhiteHawk Capital Partners is one example of partners that leaned in with Boxlight, with the Eleventh Amendment finalized in late Q4. We also acknowledge the support from our many other partners who, although not individually named, are equally appreciated.

Macroeconomic conditions, including recent trade policies, negatively impacted gross margin and operating margin during 2025. We are closely monitoring developments related to IEEPA tariffs, including potential rulings and any associated refund processes that may result in the coming weeks and months. We intend to evaluate and take any appropriate actions as developments continue to unfold.

____________________________________

1 This is a non-GAAP financial measure. A reconciliation of this non-GAAP financial measure to its comparable GAAP financial measure has been provided in the financial tables included in this press release. An explanation of this measure and how it is calculated is also included below under the heading “Non-GAAP Financial Measures”.

Financial Results for the Three Months Ended December 31, 2025 (Q4’25) vs. Three Months Ended December 31, 2024 (Q4’24)

Total revenues were $26.6 million for Q4’25 as compared to $24.0 million for Q4’24, representing an 11.0% increase. The increase in revenues was due to higher sales volume in the Americas market.

Gross profit for Q4’25 was $6.3 million as compared to $7.3 million for Q4’24, a decrease of 14.8%. Gross profit margin decreased to 23.5% for Q4’25 compared to 30.6% for Q4’24. The decrease in gross profit margin was primarily attributable to recent increases in pricing pressure within the industry and an increase in tariff-related expenses of $0.16 million. Gross profit for Q4’25 also included $1.1 million in non-recurring charges related to inventory obsolescence. These charges reflect the Company’s broader strategy to be laser focused on IFPD’s, optimize storage capacity and expense load to align with higher-turning inventory items, and uplevel its product portfolio through its FrontRow Symphony™ platform.

General and administrative expense was $8.2 million for both Q4’25 and Q4’24. As a percentage of revenue, general and administrative expense decreased to 30.7% from 34.5%, primarily due to higher revenues in Q4’25, while general and administrative expense remained consistent year over year. General and administrative expense for Q4’25 included approximately $0.3 million of non-recurring professional fees related to the Whitehawk loan and $0.7 million in expenses associated with executive severance.

Depreciation and amortization expense for Q4’25 were $2.6 million, representing 9.8% of revenue as compared to $14.3 million representing 59.8% of revenue for Q4’24. The decrease in depreciation and amortization expense for Q4’25 was primarily related to the Q4’24 accelerated amortization expense of $12.3 million, resulting from an adjustment in the useful lives of certain intangible assets from the EMEA and Americas reporting segments.

Research and development expense was $1.1 million or 4.2% of revenue for Q4’25 as compared to $0.9 million or 4.0% of revenue for Q4’24. Research and development expense primarily consists of costs associated with the development of proprietary technology. The increase was attributable to the allocation of certain general and administrative expenses to new and ongoing research and development projects.

Other expense for Q4’25 was $4.8 million as compared to $3.2 million for Q4’24. Other expense consists primarily of interest expense on our term loan.

Net loss decreased $7.0 million to $(9.7) million for Q4’25, which was a result of the changes noted above. Net loss attributable to common shareholders was $(10.0) million in Q4’25 compared to $(17.0) million in Q4’24, after deducting fixed dividends paid to Series B preferred shareholders of $0.3 million in both years.

Total Q4’25 comprehensive loss was $(8.2) million compared to a $(19.2) million loss for Q4’24. The change reflects the effect of foreign currency translation adjustments on consolidation, with the net effect of a $1.5 million gain in Q4’25 and a $(2.5) million loss for Q4’24.

Basic and diluted loss per share for Q4’25 was $(9.96) compared to $(52.14) for Q4’24.

EBITDA2 loss for Q4’25 was $(5.6) million, as compared to EBITDA loss of $(2.5) million for Q4’24.

Adjusted EBITDA loss for Q4’25 was $(4.9) million, as compared to Adjusted EBITDA loss of $(1.8) million for Q4’24. Adjustments to EBITDA included stock-based compensation expense, impairment of goodwill, gains/losses from the remeasurement of derivative liabilities, severance charges, and purchase accounting impact of fair valuing deferred revenue.

Financial Results for the Year Ended December 31, 2025 (FY’25) vs. the Year Ended December 31, 2024 (FY’24)

Total revenues for FY’25 were $109.2 million as compared to $135.9 million for FY’24, resulting in a 19.6% decrease. The decrease in revenues was due to lower sales volume across all markets, primarily resulting from lower global demand for interactive flat panel displays as well as competitive industry pricing.

Cost of revenues for FY’25 was $75.6 million as compared to $89.0 million for FY’24, resulting in a 15.0% decrease. The decrease in cost of revenues was attributable to the decrease in units sold, offset by increases in tariff expenses.

Gross profit for FY’25 was $33.6 million as compared to $46.9 million for FY’24. Gross profit margin declined to 30.8% for FY’25 compared to 34.5% for FY’24, primarily related to changes in the product mix, increases in pricing pressure within the industry, and the impact of a $1.5 million increase in tariffs on the cost of our products compared to the prior year. Gross profit for FY’25 included $1.1 million in non-recurring inventory obsolescence charges incurred during Q4’25. These charges are consistent with the Company’s broader strategy to uplevel its product portfolio through its FrontRow Symphony™ offering and optimize storage capacity towards higher-turning inventory items.

General and administrative expense for the year ended FY’25 was $35.5 million and 32.5% of revenue, as compared to $41.8 million and 30.7% of revenue for FY’24. The decrease was primarily related to a decrease in personnel-related expenses of approximately $4.2 million, a reduction in sales and marketing expenses of approximately $1.0 million, and a decrease in professional fees of approximately $0.8 million.

Depreciation and amortization expenses for FY’25 were $10.3 million, representing 9.4% of revenue as compared to $20.5 million representing 15.1% of revenue for FY’24. The decrease in depreciation and amortization expenses for FY’25 was primarily related to the $12.3 million accelerated amortization expenses in the prior year.

Research and development expense was $4.3 million or 3.9% of revenue for FY’25 as compared to $4.1 million or 3.0% of revenue for FY’24. Research and development expense primarily consists of costs associated with the development of proprietary technology. The increase was attributable to the allocation of certain general and administrative expenses to new and ongoing research and development projects.

Other expense for FY’25 was $8.4 million as compared to $10.8 million for FY’24. Other expense consists primarily of interest expense on our term loan. The $2.4 million decrease in other expense was primarily driven by a $0.2 million decrease in interest expense and a $1.4 million gain on the change in fair value of common warrants recognized in FY’25.

Net loss attributable to common shareholders was $(25.1) million and $(29.6) million for FY’25 and FY’24, respectively, after deducting fixed dividends to Series B preferred shareholders of $1.3 million in each year.

Basic and diluted loss per share for FY’25 was $(39.74) per basic and diluted share, compared to $(90.69) per basic and diluted share for FY’24.

EBITDA3 for FY’25 was $(4.4) million loss, as compared to $0.5 million EBITDA for FY’24. Adjusted EBITDA for FY’25 was $(3.5) million loss, as compared to $4.3 million for FY’24.

____________________________________

2 This is a non-GAAP financial measure. A reconciliation of this non-GAAP financial measure to its comparable GAAP financial measure has been provided in the financial tables included in this press release. An explanation of this measure and how it is calculated is also included below under the heading “Non-GAAP Financial Measures”.

3 This is a non-GAAP financial measure. A reconciliation of this non-GAAP financial measure to its comparable GAAP financial measure has been provided in the financial tables included in this press release. An explanation of this measure and how it is calculated is also included below under the heading “Non-GAAP Financial Measures”.

Balance Sheet; Credit Agreement; Off-Balance Sheet Arrangements

At December 31, 2025, Boxlight had $9.4 million in cash and cash equivalents, $26.6 million in working capital, and $34.2 million in debt, net of debt issuance costs.

On December 18, 2025, Boxlight entered into the Eleventh Amendment to Credit Agreement with Whitehawk Finance LLC, as lender (the “Lender”), and White Hawk Capital Partners, LP, as collateral agent (the “Collateral Agent”). The Eleventh Amendment extends the maturity date of the Credit Agreement from December 31, 2025 to April 1, 2027 and provides for the suspension of mandatory quarterly amortization payments on the initial term loan from the effective date of the amendment through June 30, 2026, with amortization payments resuming on September 30, 2026.

The Company must maintain qualified cash at all times of at least $1.5 million from and after the Eleventh Amendment effective date. The amendment modifies certain financial covenants, including the elimination of the Senior Leverage Ratio covenant and the introduction of a minimum Consolidated Adjusted EBITDA covenant, which becomes effective for the period ending March 31, 2026, and is set at $1.9 million for such period, with levels varying thereafter.

In addition, the amendment revises mandatory prepayment provisions to require the application of 50% (or 100% if an event of default exists) of net cash proceeds from certain equity issuances and permitted indebtedness to prepay outstanding borrowings, subject to a $5.0 million retention for working capital and general corporate purposes. The amendment also permits borrowings in excess of maximum amounts in an aggregate amount not to exceed for the months ending December 31, 2025, $4.0 million; January 31, 2026, $4.5 million; February 28, 2026, $5.5 million and from and after March 31, 2026 (and each month thereafter), $4.0 million.

The Company was in compliance with the borrowing base requirements under the Credit Agreement as of December 31, 2025.

Subsequent to quarter end, we were not in compliance with the borrowing base financial covenant under the Credit Agreement. On March 27, 2026, we received a waiver for this noncompliance. Although we have previously been successful in obtaining waivers with respect to these matters, there can be no assurance that we will obtain them in the future, or that the lender will not take action to accelerate all of our obligations under the Credit Agreement in the event of future noncompliance.

On November 3, 2025, we entered into an amended and restated inventory finance agreement with J.J. Astor & Co. (the “Inventory Purchaser”), pursuant to which the Inventory Purchaser may, from time to time, finance up to $9.0 million of our finished goods inventory purchases from our contract manufacturers. Under this arrangement, we are required to pay a deposit equal to 20% of the purchase price of the applicable inventory, and the Inventory Purchaser funds the remaining balance directly to the supplier and takes title to the inventory.

Although this arrangement is not reflected as debt on our consolidated balance sheets, it represents a form of short-term inventory financing and exposes us to material liquidity, cash flow, and operational risks. As of December 31, 2025, the aggregate outstanding funded amount under this arrangement was $3.7 million, which represents our maximum exposure to loss under the agreement, excluding fees, default charges, and other potential obligations.

On April 1, 2026, we entered into an amendment to the inventory finance agreement, pursuant to which $556,200 of the outstanding balance was converted into 600,000 shares of common stock (the “Conversion Shares”) at a conversion price of $0.927 per share. Further, the parties agreed that, if the aggregate proceeds from the sale of the Conversion Shares are less than $556,200, the Company shall pay the shortfall in cash within five trading days. Michael Pope, Chairman of the Company’s Board of Directors, and its former president and chief executive officer, is the chief executive officer of J.J. Astor. J.J. Astor is beneficially owned, directly or indirectly, by a private investment fund managed by Mr. Pope.

About Boxlight Corporation

Boxlight Corporation (Nasdaq: BOXL) is a leading provider of interactive technology solutions under its award-winning brands Clevertouch®, FrontRow™ and Mimio®. Boxlight aims to improve engagement and communication in diverse business and education environments. Boxlight develops, sells, and services its integrated solution suite including interactive displays, collaboration software, audio solutions, supporting accessories, and professional services. For more information about Boxlight and the Boxlight story, visit http://www.boxlight.com, https://www.clevertouch.com, and https://www.gofrontrow.com.

Forward Looking Statements

This press release may contain information about Boxlight’s view of its future expectations, plans, and prospects that constitute forward-looking statements. Actual results may differ materially from historical results or those indicated by these forward-looking statements as a result of a variety of factors including, but not limited to, risks and uncertainties associated with its ability to maintain and grow its business, variability of operating results, its development and introduction of new products and services, marketing and other business development initiatives, and competition in the industry, among other things. Boxlight encourages you to review other factors that may affect its future results and performance in Boxlight’s filings with the Securities and Exchange Commission.

Use of Non-GAAP Financial Measures

To provide investors with additional insight and allow for a more comprehensive understanding of the information used by management in its financial and decision-making surrounding our operations, we supplement our consolidated financial statements presented on a basis consistent with U.S. generally accepted accounting principles, or GAAP, with EBITDA and Adjusted EBITDA, which are non-GAAP financial measures of earnings. EBITDA represents net income before income tax expense (benefit), interest expense, depreciation, and amortization. Adjusted EBITDA represents EBITDA plus stock-based compensation, severance charges, impairment of goodwill, the change in fair value of derivative liabilities, purchase accounting impact of inventory markup, and fair value adjustments to deferred revenue. Our management uses EBITDA and Adjusted EBITDA as financial measures to evaluate the profitability and efficiency of our business model. We use these non-GAAP financial measures to assess the strength of the underlying operations of our business. These adjustments, and the non-GAAP financial measures that are derived from them, provide supplemental information to analyze our operations between periods and over time. We find this especially useful when reviewing our results of operations, which include large non-cash amortizations of intangible assets from acquisitions and stock-based compensation. Investors should consider our non-GAAP financial measures in addition to, and not as a substitute for, financial measures prepared in accordance with GAAP.

Discussion of the Effect of Constant Currency on Financial Condition

We report our operating results in accordance with U.S. GAAP. We have disclosed in the table below the results on a constant currency basis to facilitate period-to-period comparisons of our results without regard to the impact of fluctuating foreign currency exchange rates. The term foreign currency exchange rates refers to the exchange rates we use to translate our operating results into U.S. Dollars for all countries where the functional currency is not the U.S. Dollar. Because we are a global company, the foreign currency exchange rates used for translation may have a significant effect on our reported results. In general, our reported financial results are affected positively by a weaker U.S. Dollar and are affected negatively by a stronger U.S. Dollar as compared to the foreign currencies in which we conduct our business. References to our operating results on a constant-currency basis mean our operating results without the impact of foreign currency exchange rate fluctuations.

We believe disclosure of constant-currency results is helpful to investors because it facilitates period-to-period comparisons of our results by increasing the transparency of our underlying performance by excluding the impact of fluctuating foreign currency exchange rates. However, constant-currency results are non-U.S. GAAP financial measures and are not meant to be considered in isolation or as a substitute for comparable measures prepared in accordance with U.S. GAAP. Constant-currency results have no standardized meaning prescribed by U.S. GAAP, are not prepared under any comprehensive set of accounting rules or principles, and should be read in conjunction with our consolidated financial statements prepared in accordance with U.S. GAAP. Constant-currency results have limitations in their usefulness to investors and may be calculated differently from, and therefore may not be directly comparable to, similarly titled measures used by other companies.

We calculate constant-currency amounts by translating local currency amounts in the current period at actual foreign exchange rates for the prior year period. Our constant-currency results do not eliminate the transaction currency impact of purchases and sales of products in a currency other than the functional currency. The following two tables below specifically show the impact of translation on the 2025 results as compared to the 2024 results. 2024 acts as the base, thus there is no translation impact presented.

Three Months

Ended

December 31,

2025

Three Months

Ended

December 31,

2024

%

Decrease

(Dollars in thousands)

Total revenues

As reported

$

26,634

$

23,996

11

%

Impact of foreign currency translation

(549

)

-

Constant-currency

$

26,085

$

23,996

9

%

Year Ended

December 31,

2025

Year Ended

December 31,

2024

%

Decrease

(Dollars in thousands)

Total revenues

As reported

$

109,246

$

135,893

(20

)%

Impact of foreign currency translation

(1,792

)

-

Constant-currency

$

107,454

$

135,893

(21

)%

Boxlight Corporation

Condensed Consolidated Balance Sheets

As of December 31, 2025 and December 31, 2024

(in thousands, except share and per share amounts)

December 31,

2025

December 31,

2024

ASSETS

Current assets:

Cash and cash equivalents

$

9,370

$

8,007

Accounts receivable – trade, net of allowances of $1,055 and $394, respectively

15,358

18,325

Inventories, net of reserves

38,126

43,265

Prepaid expenses and other current assets

6,624

8,785

Total current assets

69,478

78,382

Property and equipment, net of accumulated depreciation

1,770

2,134

Operating lease right of use asset

7,009

8,055

Intangible assets, net of accumulated amortization

17,080

25,944

Deferred tax assets, net

1,472

—

Other assets

734

790

Total assets

$

97,543

$

115,305

LIABILITIES AND STOCKHOLDERS’ EQUITY

Current liabilities:

Accounts payable and accrued expenses

$

22,786

$

24,176

Accounts payable and accrued expenses - related party

3,699

—

Short-term debt

1,274

37,148

Operating lease liabilities, current

1,741

2,018

Deferred revenues, current

9,273

9,015

Derivative liabilities

5

1

Derivative liabilities - related party

476

—

Other short-term liabilities

3,598

4,682

Total current liabilities

42,852

77,040

Deferred revenues, non-current

14,849

15,158

Long-term debt

32,877

—

Deferred tax liabilities, net

—

901

Operating lease liabilities, non-current

5,650

6,428

Other long-term liabilities

60

165

Total liabilities

96,288

99,692

Mezzanine equity:

Preferred Series B, 0 share issued and outstanding at December 31, 2025; 1,586,620 shares issued and outstanding at December 31, 2024

—

16,146

Preferred Series C, 0 share issued and outstanding at December 31, 2025; 1,320,850 shares issued and outstanding at December 31, 2024

—

12,363

Total mezzanine equity

—

28,509

Stockholders’ equity:

Preferred Series A stock, $0.0001 par value, 50,000,000 shares authorized; 167,972 and 167,972 shares issued and outstanding, at December 31, 2025 and 2024, respectively

—

—

Preferred Series B stock, $0.0001 par value, 1,586,620 shares and 0 share issued and outstanding, at December 31, 2025 and 2024, respectively

—

—

Common stock, $0.0001 par value, 4,166,667 and 625,000 shares authorized; 1,370,010 and 328,436 Class A shares issued and outstanding at December 31, 2025 and 2024, respectively

—

—

Additional paid-in capital

155,123

119,487

Accumulated deficit

(156,420

)

(132,610

)

Accumulated other comprehensive income

2,552

227

Total stockholders’ equity (deficit)

1,255

(12,896

)

Total liabilities and stockholders’ equity

$

97,543

$

115,305

Share and per share data have been adjusted for all periods presented to reflect the one-for-six reverse stock split effective December 22, 2025.

Boxlight Corporation

Condensed Consolidated Statements of Operations and Comprehensive Loss

For the year ended December 31, 2025 and 2024

(in thousands, except per share amounts)

2025

2024

Revenues, net

$

109,246

$

135,893

Cost of revenues

75,617

88,952

Gross profit

33,629

46,941

Operating expense:

General and administrative

35,454

41,756

Depreciation and amortization

10,280

20,529

Research and development

4,269

4,126

Total operating expense

50,003

66,411

Loss from operations

(16,374

)

(19,470

)

Other (expense) income:

Interest expense, net

(10,032

)

(10,252

)

Other income (expense), net

1,075

(727

)

Loss on warrant issuance

(578

)

—

Change in fair value of derivative liabilities

(4

)

205

Change in fair value of related party derivative liabilities

(211

)

—

Change in fair value of common warrants

1,394

—

Total other expense

(8,356

)

(10,774

)

Loss before income taxes

(24,730

)

(30,244

)

Income tax benefit

920

1,909

Net loss

(23,810

)

(28,335

)

Fixed dividends - Series B Preferred

(1,269

)

(1,269

)

Net loss attributable to common stockholders

$

(25,079

)

$

(29,604

)

Comprehensive loss:

Net loss

(23,810

)

(28,335

)

Other comprehensive loss:

Foreign currency translation adjustment

2,325

(1,074

)

Total comprehensive loss

$

(21,485

)

$

(29,409

)

Net loss per common share – basic and diluted

$

(39.74

)

$

(90.69

)

Weighted average number of common shares outstanding – basic and diluted

631,091

326,439

Share and per share data have been adjusted for all periods presented to reflect the one-for-six reverse stock split effective December 22, 2025.

Reconciliation of net loss for the three months and year ended December 31, 2025 and 2024 to EBITDA and Adjusted EBITDA

(in thousands)

Three Months

Ended

December 31,

2025

Three Months

Ended

December 31,

2024

Year Ended

December 31,

2025

Year Ended

December 31,

2024

Net loss

$

(9,664

)

$

(16,707

)

$

(23,810

)

$

(28,335

)

Depreciation and amortization

2,599

14,342

10,280

20,529

Interest expense

2,221

2,529

10,032

10,252

Income tax (benefit)

(783

)

(2,676

)

(920

)

(1,909

)

EBITDA

$

(5,627

)

$

(2,512

)

$

(4,418

)

$

537

Stock compensation expense

9

156

468

1,389

Change in fair value of derivative liabilities

(282

)

(3

)

4

(205

)

Change in fair value of related party derivative liabilities

211

—

211

—

Change in fair value of common warrants

—

—

(1,394

)

—

Loss on warrant issuance

—

—

578

—

Purchase accounting impact of fair valuing inventory

—

—

—

225

Purchase accounting impact of fair valuing deferred revenue

—

161

219

939

Severance charges

749

440

806

1,383

Adjusted EBITDA

$

(4,940

)

$

(1,758

)

$

(3,526

)

$

4,268

View source version on businesswire.com: https://www.businesswire.com/news/home/20260416107225/en/
Media

Sunshine Nance

+1 360-464-2119 x254

sunshine.nance@boxlight.com

Investor Relations

Ryan Zeek

+1 770-891-1331

investor.relations@boxlight.com

Original: Boxlight Reports Fourth Quarter and Full Year 2025 Financial Results