Group 1 - The article does not provide any specific information or data regarding companies or industries [1]

Core Viewpoint - Boxlight Corporation has announced a registered direct offering of common stock, aiming to raise approximately $4 million through the sale of 1,333,333 shares at a price of $3.00 per share [1]. Group 1 - Boxlight Corporation is recognized as a leader in educational technology on a global scale [1]. - The securities purchase agreements were made with certain institutional investors [1]. - The offering is priced at-the-market under Nasdaq rules [1].

Group 1: Super League Enterprise, Inc. - Super League Enterprise, Inc. announced a $10 million strategic equity investment from Evo Fund, leading to a sharp increase in its stock price [1] - Shares of Super League Enterprise rose 200% to $9.83 in pre-market trading following the announcement [1] Group 2: Other Notable Gainers - Professional Diversity Network, Inc. gained 88.8% to $5.40 in pre-market trading after a previous rise of around 4% [4] - STRATA Skin Sciences, Inc. rose 80% to $3.06 in pre-market trading after an 8% increase on Monday [4] - Jiuzi Holdings, Inc. jumped 50.9% to $1.69 in pre-market trading after a 5% gain on Monday [4] - New Era Energy & Digital, Inc. gained 47.2% to $0.8941 in pre-market trading after a surge of around 12% on Monday [4] - Better Home & Finance Holding Company increased by 30% to $64.95 in pre-market trading, following a 46% jump on Monday [4] - MicroCloud Hologram Inc. surged 29% to $7.17 in pre-market trading after announcing a breakthrough in quantum technology [4] - Cassava Sciences, Inc. rose 24.1% to $2.88 in pre-market trading after CEO Richard Barry purchased shares at an average price of $2.25 [4] - SES AI Corporation surged 10.3% to $2.04 in pre-market trading after a 17% increase on Monday [4] - Ballard Power Systems Inc. gained 8.3% to $3.12 in pre-market trading after a 5% rise on Monday [4] Group 3: Notable Decliners - Psyence Biomedical Ltd. dipped 19.6% to $3.65 in pre-market trading after a decline of around 5% on Monday [4] - Diginex Limited shares fell 17.7% to $14.60 in pre-market trading after a jump of over 30% on Monday [4] - Addentax Group Corp. declined 16.5% to $0.9021 in pre-market trading after gaining more than 30% on Monday [4] - Boxlight Corporation fell 15.5% to $4.03 in pre-market trading after a significant jump of 205% on Monday [4] - Reliance Global Group, Inc. dropped 15.5% to $0.9122 in pre-market trading after a 47% increase on Monday [4] - Qualigen Therapeutics, Inc. declined 14.1% to $4.75 in pre-market trading after a 95% jump on Monday [4] - Fly-E Group, Inc. fell 13.1% to $0.8773 in pre-market trading after announcing a securities purchase agreement [4] - Firefly Aerospace Inc. dropped 12.5% to $43.29 in pre-market trading after reporting a second-quarter loss [4] - Opendoor Technologies Inc. dipped 6.3% to $7.85 in pre-market trading after a 12% fall on Monday [4] - Symbotic Inc. fell 4.8% to $57.80 in pre-market trading after a gain of more than 6% on Monday [4]

Core Viewpoint - Boxlight (BOXL) shares experienced a surge of over 500% due to retail investor enthusiasm, but this increase is largely driven by market speculation rather than substantial business developments, indicating significant underlying risks [1][4]. Financial Performance - Boxlight reported revenue of $31 million in its latest quarter, reflecting a decline of 20% year-over-year, and has not achieved operating profit or positive cash flow [3]. - The stock was trading at more than 15 times its price from early February, highlighting extreme volatility [2]. Stock Characteristics - Boxlight executed a reverse stock split to maintain its Nasdaq listing, which signals financial instability [4]. - The stock is categorized as a penny stock, leading to liquidity issues, increased volatility, and susceptibility to market manipulation [5]. Valuation Concerns - The current valuation of BOXL is difficult to justify, with a book value per share reported at negative $7.78, suggesting overbought conditions with a relative strength index (RSI) of 80 [6]. - The lack of institutional coverage, with only one Wall Street analyst monitoring the stock, raises concerns about its valuation and performance [5]. Market Sentiment - The recent price surge appears to be driven by hype rather than any solid business catalyst, making it more of an opportunity for selling rather than buying [4][6].

Core Viewpoint - Boxlight Corp (NASDAQ: BOXL) experienced a significant surge of over 500% in its stock price without any earnings release, SEC filing, analyst upgrade, or other material business developments [1] Company Summary - The stock price of Boxlight Corp increased more than six times, indicating a substantial market reaction despite the absence of typical catalysts such as earnings reports or analyst recommendations [1]

Core Insights - Premarket trading is showing notable activity with significant price movements indicating potential trading opportunities before the market opens [1] Premarket Gainers - AgriFORCE Growing Systems Ltd. (AGRI) has increased by 263% to $8.73 [3] - Qualigen Therapeutics, Inc. (QLGN) has risen by 212% to $8.87 [3] - Flora Growth Corp. (FLGC) is up 103% at $55.36 [3] - Boxlight Corporation (BOXL) has gained 102% to $3.16 [3] - Platinum Analytics Cayman Limited (PLTS) is up 96% at $14.00 [3] - Metsera, Inc. (MTSR) has increased by 59% to $52.99 [3] - Anywhere Real Estate Inc. (HOUS) is up 51% at $10.72 [3] - Fold Holdings, Inc. (FLD) has risen by 30% to $5.93 [3] - ARB IOT Group Limited (ARBB) is up 28% at $8.02 [3] - MBX Biosciences, Inc. (MBX) has increased by 26% to $12.64 [3] Premarket Losers - AlphaVest Acquisition Corp (ATMV) has decreased by 27% to $15.99 [4] - Helius Medical Technologies, Inc. (HSDT) is down 17% at $20.00 [4] - CEA Industries Inc. (BNC) has fallen by 15% to $8.20 [4] - Simpple Ltd. (SPPL) is down 13% at $5.00 [4] - FatPipe, Inc. (FATN) has decreased by 11% to $7.87 [4] - Tharimmune, Inc. (THAR) is down 11% at $3.20 [4] - Yueda Digital Holding (YDKG) has fallen by 11% to $2.98 [4] - American Battery Technology Company (ABAT) is down 10% at $2.94 [4] - AGM Group Holdings Inc. (AGMH) has decreased by 9% to $9.36 [4] - Antelope Enterprise Holdings Limited (AEHL) is down 5% at $3.38 [4]

Core Insights - Boxlight Corporation has begun shipping the Clevertouch Pro Series to customers in North America, enhancing its position in the ed-tech market [1] - The Clevertouch by Boxlight is Google EDLA-certified, providing an innovative interactive display that integrates with Google Classroom and Microsoft 365 [1] Company Overview - Boxlight Corporation is recognized as one of the top ed-tech companies globally, focusing on innovative solutions that improve communication and collaboration in educational institutions and businesses [1] Product Details - The Clevertouch Pro Series offers schools an accessible and high-value option for integrating advanced educational tools [1]

[Executive Summary](index=1&type=section&id=1_Executive_Summary) Boxlight's Q2 2025 revenue increased 38% sequentially to $30.9 million, but declined 19.9% YoY, reporting a $4.7 million net loss and positive Adjusted EBITDA [Management Commentary](index=1&type=section&id=1_1_Management_Commentary) CEO Dale Strang is optimistic for 2026 growth, noting a 38% sequential Q2 revenue increase and stable gross margins from cost streamlining - Revenue increased by nearly **38%** in Q2 vs Q1, suggesting an improvement in industry demand and giving management optimism for the future[3](index=3&type=chunk) - Boxlight's market outlook supports a return to overall growth in **2026**, despite headwinds created by external factors such as evolving trade dynamics and disruption in government funding[3](index=3&type=chunk) - Boxlight maintained positive Adjusted EBITDA and relatively stable gross margins despite revenue headwinds, demonstrating progress in streamlining cost structure and enabling a sustainable business model[3](index=3&type=chunk) [Q2 2025 Financial and Operational Highlights](index=1&type=section&id=1_2_Q2_2025_Financial_and_Operational_Highlights) Q2 2025 revenue was $30.9 million (down 19.9% YoY, up 37.6% sequentially), with a $4.7 million net loss and $1.3 million Adjusted EBITDA Q2 2025 Key Financial Highlights | Metric | Q2 2025 (in millions) | Q2 2024 (in millions) | YoY Change | Sequential Change (vs Q1 2025) | | :----- | :-------------------- | :-------------------- | :--------- | :------------------------------ | | Revenue | $30.9 | $38.5 | -19.9% | +37.6% | | Gross Profit Margin | 35.0% | 37.7% | -2.7 pp | N/A | | Net Loss | $(4.7) | $(1.5) | +213.3% | N/A | | Net Loss per Share (Basic & Diluted) | $(1.53) | $(0.92) | +66.3% | N/A | | Adjusted EBITDA | $1.3 | $3.7 | -64.9% | N/A | - Boxlight launched CL Totem in North America, providing modern, freestanding digital signage built for high-traffic environments[7](index=7&type=chunk) - The company ended the quarter with **$7.6 million** in cash and a **$0.5 million** working capital deficit[7](index=7&type=chunk)[14](index=14&type=chunk) [Financial Results - Three Months Ended June 30, 2025 (Q2 2025)](index=1&type=section&id=2_Financial_Results_Q2_2025) This section details Boxlight's Q2 2025 financial performance, including revenue, gross profit, operating expenses, net loss, and EBITDA [Revenue and Gross Profit](index=1&type=section&id=2_1_Revenue_and_Gross_Profit_Q2) Q2 2025 total revenues decreased 19.9% YoY to $30.9 million, with gross profit falling 25.7% to $10.8 million due to product mix and pricing Q2 2025 Revenue and Gross Profit | Metric | Q2 2025 (in millions) | Q2 2024 (in millions) | YoY Change | | :----- | :-------------------- | :-------------------- | :--------- | | Total Revenues | $30.9 | $38.5 | -19.9% | | Cost of Revenues | $20.1 | $24.0 | -16.4% | | Gross Profit | $10.8 | $14.5 | -25.7% | | Gross Profit Margin | 35.0% | 37.7% | -2.7 pp | - The decrease in revenues was primarily due to lower sales volume across all markets[4](index=4&type=chunk) - The decrease in gross profit margin was primarily related to the difference in product mix offset by increases in pricing pressure within the industry compared to the prior year quarter[6](index=6&type=chunk) [Operating Expenses and Other Income/Expense](index=2&type=section&id=2_2_Operating_Expenses_and_Other_Income_Expense_Q2) Q2 2025 total operating expenses increased to $14.7 million (47.7% of revenues), while other expense, net, significantly decreased to $0.5 million Q2 2025 Operating Expenses and Other Expense, Net | Metric | Q2 2025 (in millions) | Q2 2024 (in millions) | YoY Change | | :----- | :-------------------- | :-------------------- | :--------- | | Total Operating Expenses | $14.7 | $13.3 | +10.5% | | % of Revenues | 47.7% | 34.5% | +13.2 pp | | Other Expense, Net | $0.5 | $2.8 | -82.1% | - The increase in general and administrative expenses for Q2 2025 was primarily due to increase in professional fees of **$0.7 million**, depreciation and amortization of **$0.6 million** and other costs of **$1.1 million**, partially offset by a decrease in employee-related expenses of **$1.4 million**[8](index=8&type=chunk) - The decrease in other expense in the current period relates primarily to the positive impacts of foreign currency translation[9](index=9&type=chunk) [Net Loss and Earnings Per Share (EPS)](index=2&type=section&id=2_3_Net_Loss_and_EPS_Q2) Boxlight reported a Q2 2025 net loss of $4.7 million, a significant increase from $1.5 million in Q2 2024, with EPS worsening to $(1.53) Q2 2025 Net Loss and EPS | Metric | Q2 2025 (in millions) | Q2 2024 (in millions) | YoY Change | | :----- | :-------------------- | :-------------------- | :--------- | | Net Loss | $(4.7) | $(1.5) | +213.3% | | Net Loss Attributable to Common Shareholders | $(5.0) | $(1.8) | +177.8% | | Basic and Diluted EPS | $(1.53) | $(0.92) | +66.3% | | Total Comprehensive Loss | $(4.6) | $(1.5) | +206.7% | [EBITDA and Adjusted EBITDA](index=2&type=section&id=2_4_EBITDA_and_Adjusted_EBITDA_Q2) Q2 2025 EBITDA decreased to $0.7 million from $3.0 million, and Adjusted EBITDA fell to $1.3 million from $3.7 million YoY Q2 2025 EBITDA and Adjusted EBITDA | Metric | Q2 2025 (in millions) | Q2 2024 (in millions) | YoY Change | | :----- | :-------------------- | :-------------------- | :--------- | | EBITDA | $0.7 | $3.0 | -76.7% | | Adjusted EBITDA | $1.3 | $3.7 | -64.9% | [Financial Results - Six Months Ended June 30, 2025 (H1 2025)](index=2&type=section&id=3_Financial_Results_H1_2025) This section presents Boxlight's financial performance for the first half of 2025, covering revenue, expenses, net loss, and EBITDA [Revenue and Gross Profit](index=2&type=section&id=3_1_Revenue_and_Gross_Profit_H1) H1 2025 total revenues decreased 29.5% YoY to $53.3 million, with gross profit declining 31.1% to $18.8 million due to lower demand and pricing pressure H1 2025 Revenue and Gross Profit | Metric | H1 2025 (in millions) | H1 2024 (in millions) | YoY Change | | :----- | :-------------------- | :-------------------- | :--------- | | Total Revenues | $53.3 | $75.6 | -29.5% | | Cost of Revenues | $34.4 | $48.3 | -28.6% | | Gross Profit | $18.8 | $27.3 | -31.1% | | Gross Profit Margin | 35.4% | 36.2% | -0.8 pp | - The decrease in revenues was primarily 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[15](index=15&type=chunk) - The decrease in gross profit margin is primarily related to the difference in product mix, partially offset by increases in pricing pressure within the Interactive Flat Panel Display market compared to the prior year quarter[17](index=17&type=chunk) [Operating Expenses and Other Income/Expense](index=2&type=section&id=3_2_Operating_Expenses_and_Other_Income_Expense_H1) H1 2025 total operating expenses decreased by $4.0 million to $25.7 million, while other expense, net, significantly decreased to $1.0 million due to fair value changes and currency gains H1 2025 Operating Expenses and Other Expense, Net | Metric | H1 2025 (in millions) | H1 2024 (in millions) | YoY Change | | :----- | :-------------------- | :-------------------- | :--------- | | Total Operating Expenses | $25.7 | $29.7 | -13.5% | | % of Revenues | 48.2% | 39.3% | +8.9 pp | | Other Expense, Net | $1.0 | $5.4 | -81.5% | - The decrease in total operating expenses for the current year period was due to ongoing initiatives to reduce operating expenses across all cost groups, with the largest declines in employee-related expenses of **$3.9 million**[18](index=18&type=chunk) - The decrease in other expense in the current period was due to positive changes in the fair value of common warrants and foreign currency gains[20](index=20&type=chunk) [Net Loss and Earnings Per Share (EPS)](index=3&type=section&id=3_3_Net_Loss_

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organization) (Mark One) x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2025 or o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ______________ to _____ ...

Financial Performance - Total revenues for Q1 2025 were $22.4 million, a 39.5% decrease from $37.1 million in Q1 2024[180] - Cost of revenues decreased by 40.8% to $14.4 million in Q1 2025 from $24.3 million in Q1 2024, attributed to lower units sold[181] - Gross profit for Q1 2025 was $8.0 million, down 37.2% from $12.8 million in Q1 2024, with a gross profit margin of 35.9% compared to 34.5% in the prior year[182] - General and administrative expenses for Q1 2025 were $10 million, representing 44.8% of revenue, down from $15.2 million or 41.1% of revenue in Q1 2024[183] - Research and development expenses for Q1 2025 were $0.9 million, representing 4.1% of revenue, compared to $1.2 million or 3.2% of revenue in Q1 2024[184] - Other expense, net for Q1 2025 was $0.5 million, a decrease of $2.1 million from $2.6 million in Q1 2024[185] - Net loss for Q1 2025 was approximately $3.2 million, down from a net loss of $7.1 million in Q1 2024[186] - For the three months ended March 31, 2025, the company reported a net loss of $3.243 million, compared to a net loss of $7.089 million for the same period in 2024, indicating a 54.4% improvement in net loss year-over-year[189] - EBITDA for the three months ended March 31, 2025, was $1.557 million, compared to a negative EBITDA of $1.543 million for the same period in 2024, reflecting a significant turnaround[189] - Adjusted EBITDA for the three months ended March 31, 2025, was a loss of $25 thousand, compared to a positive adjusted EBITDA of $179 thousand for the same period in 2024[189] Cash Flow and Liquidity - As of March 31, 2025, the company had cash and cash equivalents of $8.1 million, down from $11.8 million as of March 31, 2024, representing a decrease of 31.4%[191] - The company had net cash used in operating activities of $4.7 million for the three months ended March 31, 2025, compared to $1.9 million for the same period in 2024, indicating increased cash outflow[192] - The company expects to achieve positive cash flow from operations and is actively working to refinance its existing debt to improve financial flexibility[206] - The company anticipates that cash and cash equivalents, along with anticipated cash flows from operations, will provide sufficient liquidity for working capital needs and debt service requirements[198] - The company is facing significant challenges due to global supply chain uncertainties and increased costs of capital, which may impact its ability to access funding sources[197] Compliance and Financial Covenants - The company was not in compliance with its financial covenant related to the Senior Leverage Ratio under the Credit Agreement at multiple points, including December 31, 2024, and March 31, 2025[199][202] - The Company reported stockholders' equity of ($12,896,000) as of December 31, 2024, failing to meet the Nasdaq requirement of at least $2.5 million[208] - The Company intends to submit a compliance plan to Nasdaq within 45 days to regain compliance with Listing Rule 5550(b)[208] - The market value of the Company's listed securities was $2,830,180 as of April 4, 2025, significantly below the Nasdaq requirement of at least $35 million[208] Shareholder Matters - Following a private placement in February 2025, the Company may need to increase the number of authorized shares of Class A common stock due to the potential exercise of 1,323,000 warrants[209] - There is uncertainty regarding shareholder approval for the increase in authorized shares, which could impair the Company's ability to raise equity capital[209] Accounting and Financial Reporting - The Company has no significant off-balance sheet arrangements that could affect its financial condition or liquidity[211] - The Company’s financial statements are prepared in accordance with GAAP, requiring assumptions and estimates that could materially differ from actual results[212] - Key accounting estimates critical for understanding financial results include revenue recognition, intangible assets, and stock-based compensation expense[213] - Recent accounting pronouncements may materially impact the Company's consolidated financial condition and results of operations[215] Revenue Decline Factors - The decrease in revenues was primarily due to lower global demand for interactive flat panel displays and competitive pricing in the industry[180] - The increase in gross profit margin is primarily related to changes in product mix despite pricing pressures[182] - The company is focused on ongoing initiatives to reduce operating expenses across all cost groups[183]