Boxlight Corporation (BOXL)

Boxlight Brings Symphony to Every Space With the New Symphonic SeriesJune 4, 2026 9:11 AM
Business Wire Solo, Tempo, and Vista combine premium audio, intercom, synchronized clocks, visual messaging, and emergency communication into a single intelligent endpoint platform Boxlight Corporation (Nasdaq: BOXL), a leading provider of educational technology and campus communication solutions, today announced the launch of the Boxlight Symphonic Series — a new family of intelligent IP communication endpoints designed to extend the Boxlight Symphony platform into every classroom, hallway, office, cafeteria, gymnasium, and shared space across campus. The Symphonic Series unifies bells, paging, intercom, synchronized clocks, visual messaging, digital signage, and emergency alerts into one centrally managed platform. Rather than deploying separate clocks, speakers, signage systems, and communication devices from multiple vendors, schools can now consolidate those functions into a single integrated ecosystem powered by Symphony. Built specifically for K–12 environments, the Symphonic Series combines premium audio performance, two-way communication, modern industrial design, and advanced visual capabilities in a category-defining endpoint platform designed for both everyday operations and emergency response. One Platform. Every Space. Unlike fragmented legacy systems, Symphony connects classroom audio, digital signage, visual alerts, intercom, and campus communication without middleware or third-party integration layers. Every Symphonic endpoint operates on the same infrastructure and management platform as the broader Symphony ecosystem — allowing schools to manage campus communication through one interface, one system, and one trigger. Each Symphonic device functions as a complete communication node, combining: High-output audio for bells, paging, and alerts Two-way intercom communication RGB LED visual alert indicators Integrated digital signage capabilities Synchronized network clock functionality Optional situational awareness camera support Every device is directly reachable from the school phone system through Symphony, enabling real-time two-way communication with classrooms and campus spaces. Visual messaging is driven locally on the campus network rather than relying on continuous internet connectivity, minimizing bandwidth usage while ensuring alerts, clocks, announcements, and signage continue operating even during internet outages. Additionally, every Symphonic endpoint includes its own built-in digital signage player with HDMI output support, allowing schools to extend visuals, alerts, and messaging to secondary displays without requiring additional hardware or media players. Three Form Factors. One Unified Experience. Symphonic Solo A compact audio-first endpoint optimized for paging, intercom, bells, and emergency communication in classrooms and common areas. Solo delivers exceptional sound clarity and coverage through a sleek PoE+ powered design with integrated visual alerting. Symphonic Tempo Tempo adds a 12.3-inch integrated LCD display that functions as both a synchronized campus clock and a visual communication endpoint. During alerts or announcements, the display instantly transitions to messaging, notifications, or emergency instructions — eliminating the need for separate clock and signage systems. Symphonic Vista Designed for hallways, cafeterias, gyms, and large shared spaces, Vista features a 21.5-inch display optimized for highly visible campus-wide messaging, synchronized clock display, and emergency communication while maintaining the full Symphony communication feature set. Designed for the Future of Campus Communication The Symphonic Series reflects Boxlight’s continued expansion into integrated campus communication infrastructure, giving schools the flexibility to deploy Symphony as a complete instructional and communication ecosystem or as a standalone campus communication solution. “Schools have been forced to manage disconnected communication systems for years,” said Shawn Wheeler, Product Manager, Campus Solutions at Boxlight. “The Symphonic Series changes that by combining premium audio, synchronized clocks, intercom, visual messaging, signage, and emergency communication into one integrated platform that is easier to deploy, easier to manage, and significantly more capable than traditional standalone systems.” “The Symphonic Series is a gamechanger for K–12 communication infrastructure. The level of integration, audio quality, visual capability, and operational simplicity is unlike anything else available in the education market today.” Mark Spencer, D.A.T. Availability The Boxlight Symphonic Series is available for order now through authorized Boxlight channel partners, with hardware shipping beginning Summer 2026. Attendees can experience the full Symphony platform at ISTE 2026 in Orlando, Florida — Booth 2314. About Boxlight Corporation Boxlight Corporation (Nasdaq: BOXL) is a leading provider of interactive technology solutions under its award-winning brands Clevertouch®, FrontRow™ and Mimio®. The Company 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, visit http://www.boxlight.com. View source version on businesswire.com: https://www.businesswire.com/news/home/20260604887939/en/ Media Contact & Investor Relations

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 Announces Significant Upgrades to Symphony™ Campuswide Communication PlatformApril 30, 2026 9:11 AM
Business Wire
The Symphony Spring Release enables district administrators to monitor communication infrastructure across all schools through a single login


Boxlight Corporation (Nasdaq: BOXL)—recognized as one of the top ed-tech companies in the world for innovative solutions that enhance communication and collaboration in educational institutions and businesses today announced the availability of Symphony Cloud, the most significant update to the Boxlight Symphony campus communication platform since its initial release.


Symphony is an integrated communication and control platform designed for education environments, enabling schools to connect classrooms, enhance safety, and streamline campus-wide communication through a single, unified system.


Symphony Cloud delivers a true cloud-based management platform that enables district administrators to monitor communication infrastructure across all schools through a single login—without the need for additional district-level hardware. The platform provides centralized oversight, geographic dashboards, and device health monitoring while executing actions locally at each Symphony Campus server. This hybrid approach ensures continuous operation, allowing systems to function even during internet outages—and, with battery backup, remain operational during power disruptions.


By unifying these traditionally disconnected tools, Boxlight delivers a fully integrated platform—combining classroom audio, interactive displays, digital signage, and campus communication without the need for third-party integrations. This approach ensures seamless coordination, where every day instructional technology also supports real-time communication and safety across the entire campus.


Three Capabilities in the Symphony Spring 2026 Update


Symphony Maps provides a real-time, campus-wide view of all audio and visual endpoints, allowing administrators to quickly monitor device health, identify issues, and ensure every space is connected and reachable.


Symphony Visuals extends digital clocks, daily messages, and visual alerts to screens across campus, delivering simultaneous audio and visual messaging through a single activation, ensuring critical information reaches every device when it matters most.


Advanced Workflows and Scheduling enable districts to automate announcements, alerts, and bell schedules across campuses through a simple, browser-based interface, eliminating the need for specialized hardware or complex programming.


"The Symphony Spring Release changes the scope of what campus communication means for a district," said Sean Penn, SVP Education Product Portfolio at Boxlight. "With a cloud dashboard accessible from anywhere, we are addressing the needs of the district, not just the schools. And now, as a true audio-visual communication platform, Symphony redefines IP paging as part of the safety ecosystem for K-12.”


About Boxlight Corporation


Boxlight Corporation (Nasdaq: BOXL) is a leading provider of interactive technology solutions under its award-winning brands Clevertouch®, FrontRow™ and Mimio®. The Company 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 visit http://www.boxlight.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260430759646/en/
Media & Investor Relations

investor.relations@boxlight.com

+1 360-464-4478


Original: Boxlight Announces Significant Upgrades to Symphony™ Campuswide Communication Platform

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