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Boxlight Corp (BOXL)
NASDAQ:BOXL
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Earnings Data
Report Date
Mar 12, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
-$0.46Last Year’s EPS
-$1.87Same Quarter Last Year
Moderate Buy
Based on 3 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 13, 2024
|% Change Since: -29.61%
|Next Earnings Date:Mar 12, 2025
Earnings Call Sentiment|Negative
The earnings call presented a mixed view, with Boxlight emphasizing strategic achievements such as debt repayment and global brand restructuring. However, these were overshadowed by significant revenue declines, reduced profit margins, and enduring market softness, especially in the U.S. Despite these challenges, the company remains optimistic about long-term opportunities in education and enterprise markets.Company Guidance
During the Boxlight Corporation's Q3 2024 earnings call, the company provided detailed guidance on various strategic and financial metrics. The primary focus was on streamlining operations by simplifying its brand structure into three solution categories: Clevertouch for IFPD and display products, FrontRow for audio and communication solutions, and Mimio and EOS for STEM solutions, all under the "By Boxlight" umbrella. This restructuring aims to enhance operational efficiencies, resulting in expected operating expenses of $12 to $13 million per quarter by year-end, despite the industry's ongoing revenue headwinds. The company reported a 26.9% revenue decrease to $36.3 million compared to Q3 2023, with a gross profit margin decrease of 250 basis points to 33.8%. Furthermore, Boxlight repaid a $4 million bridge loan and emphasized its commitment to meeting profitability targets despite challenging market conditions, particularly in the U.S., where IFPD demand remains soft. However, the company expressed optimism about market recovery, especially in EMEA, where revenues in Germany and Belgium increased by 29% and 18%, respectively.Debt Repayment Achievement
Boxlight successfully repaid a $4 million bridge loan earlier than required, highlighting effective financial management.
Brand Restructuring for Market Expansion
Boxlight is restructuring its major product lines under three solution categories, aiming for market expansion and improved supply chain efficiency with the Clevertouch, FrontRow, and Mimio brands.
Product and Solution Expansion
Boxlight launched the upgraded IMPACT Max 2 interactive panel and announced new partnerships, such as Clevertouch Edge winning a Pro AV Best in Market Award for 2024 and achieving Cyber Essentials certification.
European Market Performance
Positive returns in European markets, with Germany and Belgium showing a 29% and 18% increase in Q3, respectively.
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BOXL Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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BOXL Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 13, 2024 | $0.51 | $0.50 | -1.96% |
| Aug 07, 2024 | $0.51 | $0.49 | -3.92% |
| May 08, 2024 | $0.56 | $0.62 | +10.71% |
| Mar 13, 2024 | $0.92 | $0.76 | -17.39% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Boxlight Corp (BOXL) report earnings?
Boxlight Corp (BOXL) is schdueled to report earning on Mar 12, 2025, TBA Not Confirmed.
What is Boxlight Corp (BOXL) earnings time?
Boxlight Corp (BOXL) earnings time is at Mar 12, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is BOXL EPS forecast?
BOXL EPS forecast for the fiscal quarter 2024 (Q4) is -$0.46.
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