Duluth, GA – 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, 2025.
Financial and Operational Highlights:
Revenue was $22.4 million for the quarter, a decrease of 39.5% from the prior year quarter
Gross profit margin in Q1'25 increased to 35.9% from 34.5% from the prior year quarter
Net loss was $3.2 million, compared to net loss of $7.1 million in the prior year quarter
Net loss per basic and diluted common share was $1.41, compared to $3.81 net loss per basic and diluted common share in the prior year quarter
Adjusted EBITDA, a non-GAAP measure, decreased by $0.2 million to ($25) thousand from the prior year quarter
Formalized partnerships with five major 3rd party emergency management platforms, including CENTEGIX, Raptor Technologies, RedBag, CrisisGo, and Kokomo24/7 for integrated School Safety Solutions
Launched the Clevertouch Max 2 in the U.S market, moving to a unified flat panel brand worldwide
Awarded to the list of Top EdTech Companies in the world, moving up in both the US and global markets
Received ISO 27001 accreditation, an internationally recognized standard setting requirements for information security management system (ISMS), for Clevertouch
Ended the quarter with $8.1 million in cash, $1.6 million in working capital and $15.8 million in stockholders’ deficit
Management Commentary
“Boxlight is strategically focusing on operational efficiency and expanding our commercial ecosystem ahead of the next spending cycle,” said Dale Strang, Chief Executive Officer. “Our entire industry is dealing with near-term demand challenges due in large part to government upheaval and related budgetary uncertainty, while changes in global trade policies continue to impact component costs. Thankfully, due to our diverse mix of audio, video and software solutions in conjunction with a geographically distributed revenue base, Boxlight is better positioned than others in the industry. Our diversified offerings, multinational supply chain, and strong installed base of customers give us a solid foundation for growth as the industry evolves in the coming months.”
“Schools will inevitably need to upgrade technology to align with the latest digital curriculum and educational priorities,” Mr. Strang added. “We remain confident that while current pressures may persist in the short term, they will ultimately give way to renewed spending, revealing a backlog of interest. Boxlight is poised to capitalize on this dynamic and emerge as a disproportionate beneficiary of the anticipated spending recovery.”
