Boxlight(BOXL)

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Boxlight(BOXL) - 2020 Q2 - Quarterly Report
2020-08-14 12:45
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) [X] QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2020 OR [ ] TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ______________ to ______________ Commission file number 001-37564 BOXLIGHT CORPORATION (Exact name of registrant as specified in its charter) | --- | --- | --- | |---- ...
Boxlight(BOXL) - 2020 Q1 - Earnings Call Transcript
2020-05-18 18:43
Boxlight Corporation (NASDAQ:BOXL) Q1 2020 Earnings Conference Call May 18, 2020 11:00 AM ET Company Participants Stephen Hart - IR, Hayden IR Michael Pope - CEO Takesha Brown - CFO Conference Call Participants Brian Kinstlinger - Alliance Global Partners John Nobile - Taglich Brothers Allen Klee - National Securities Operator Thank you, and welcome to the Boxlight Full-Year 2019 and First Quarter 2020 Earnings Conference Call. By now, everyone should have access to the full-year 2019 earnings press release ...
Boxlight(BOXL) - 2020 Q1 - Quarterly Report
2020-05-15 21:03
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) [X] QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2020 OR [ ] TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ______________ to ______________ Commission file number 001-37564 BOXLIGHT CORPORATION (Exact name of registrant as specified in its charter) Nevada 8211 46-4116523 | ...
Boxlight(BOXL) - 2019 Q4 - Annual Report
2020-05-12 22:08
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) [X] ANNUAL REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Fiscal Year Ended December 31, 2019 OR [ ] TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ______________ to ______________ Commission file number: 001-37564 BOXLIGHT CORPORATION (Exact name of registrant as specified in its charter) Securities registered pursua ...
Boxlight(BOXL) - 2019 Q3 - Earnings Call Transcript
2019-11-14 01:33
Financial Data and Key Metrics Changes - Revenue for Q3 2019 was $11.6 million, an increase of $1.4 million or 14% compared to $10.2 million in Q3 2018 [15] - Gross profit for Q3 2019 was $3.4 million, an increase of $1 million compared to $2.4 million in Q3 2018, resulting in a gross margin of 30% for Q3 2019 compared to 24% in Q3 2018 [15][16] - Year-to-date revenue for the nine months ended September 30, 2019, was $27.7 million, an increase of $1.8 million or 7% compared to $25.9 million in the same period of 2018 [19] - Net loss for Q3 2019 was $0.3 million, a decrease of $0.9 million or 76% compared to $1.2 million in Q3 2018 [17] Business Line Data and Key Metrics Changes - The increase in revenue was primarily driven by sales of hardware, software, and professional development services [15] - The company reported strong traction in its classroom solutions, with existing customers expanding their solutions and new customers adopting replacements for older technologies [6][10] Market Data and Key Metrics Changes - The education technology industry continues to see double-digit growth in the U.S. and internationally, with Boxlight optimistic about growth potential in all product categories [12] - Internationally, contracts were awarded in countries such as Chile, the Dominican Republic, Ecuador, Mexico, and Peru, contributing to a growing international channel [10][42] Company Strategy and Development Direction - The company is focusing on diversifying its product suite to include high-margin proprietary solutions, which is expected to maintain high margins and revenue growth in the future [12] - The introduction of new products, such as the MimioClarity audio distribution system, is anticipated to enhance the company's offerings and drive sales [13] Management's Comments on Operating Environment and Future Outlook - Management acknowledged that some major deals were pushed out to future quarters, impacting revenue expectations for Q4 2019 [23][26] - The company expects a better first quarter in 2020 due to new deployments and the addition of New York City as a significant customer [31][28] Other Important Information - The company raised $4 million from Lind Partners to support inventory purchases and operating expenses, improving its cash position compared to the previous year [35] - The company is restructuring its European operations to enhance performance in that market [41] Q&A Session Summary Question: Addressing revenue growth guidance shortfall - Management indicated that while Q3 showed good activity, some major deals were delayed, impacting revenue expectations for Q4 [23][25] Question: Demand for specific products - Management noted strong demand for flat panels and the MimioFrame solution, with significant opportunities in various school districts [32] Question: Capital constraints on growth - Management confirmed that while capital needs are being assessed, the company is currently in a better position than the previous year due to improved arrangements and fundraising [35] Question: Adjusted EBITDA calculation - Management explained that adjusted EBITDA is calculated by adding back normal depreciation, amortization, interest expense, stock compensation expense, and changes in the fair value of derivative liabilities [37] Question: Future revenue from existing contracts - Management stated that they are closely monitoring rollout schedules for existing contracts and expect to see revenue growth from these in the upcoming quarters [39] Question: Sales mix of flat panels versus other products - Management indicated that interactive flat panels currently account for about 50% of total sales, with expectations for this percentage to decrease over time as other product lines grow [56][59]
Boxlight(BOXL) - 2019 Q3 - Quarterly Report
2019-11-12 21:24
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) [X] QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2019 OR [ ] TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ______________ to ______________ Commission file number 001-37564 BOXLIGHT CORPORATION (Exact name of registrant as specified in its charter) Nevada 8211 46-41165 ...
Boxlight(BOXL) - 2019 Q2 - Earnings Call Transcript
2019-08-14 02:43
Boxlight Corporation (NASDAQ:BOXL) Q2 2019 Earnings Conference Call August 13, 2019 4:30 PM ET Company Participants Stephen Hart - Hayden Investor Relations Mark Elliott - Chief Executive Officer Takesha Brown - Chief Financial Officer Michael Pope - President Conference Call Participants Brian Kinstlinger - Alliance Global John Nobile - Taglich Brothers Allen Klee - Maxim Group Keith Gil - Carter, Terry & Company Operator Good day ladies and gentlemen, and welcome to the Boxlight Corporation Second Quarter ...
Boxlight(BOXL) - 2019 Q2 - Quarterly Report
2019-08-13 20:17
Financial Performance - Total revenues for the six months ended June 30, 2019 were $16,108,730, a 3% increase from $15,660,342 in the same period of 2018[141] - Gross profit for the six months ended June 30, 2019 was $4,832,766, with a gross margin increase from 20% to 30% compared to the same period in 2018[143] - Net loss for the six months ended June 30, 2019 was $5,849,625, an increase from $5,362,060 in the same period of 2018[148] - Total revenues for the three months ended June 30, 2019 were $11,096,016, a 15% increase from $9,663,657 in the same period of 2018[149] - Gross profit for the three months ended June 30, 2019 was $3,248,226, with a gross margin increase from 18% to 29% compared to the same period in 2018[151] Expenses and Financing - Other expense for the three months ended June 30, 2019 was $192,092, a significant decrease from $2,278,656 in the same period of 2018[153] - Research and development expense for the six months ended June 30, 2019 was $560,578, up from $269,603 in the same period of 2018, primarily due to the acquisition of Qwizdom[145] - The company entered into a $4,000,000 working capital financing agreement, secured by a $4,400,000 convertible note with a maturity date of 24 months[169] - The company is required to make monthly interest payments on the convertible note at an annual rate of 8%[170] Cash Flow and Working Capital - The company had cash and cash equivalents of $945,389 and a working capital deficit of $5,047,720 as of June 30, 2019[165] - For the six months ended June 30, 2019, net cash used in operating activities was $(4,002,894), compared to $(2,313,115) for the same period in 2018[165] - The accounts receivable balance was $7,391,438 as of June 30, 2019, compared to $3,634,726 at the end of 2018[165] - The company expects to make future payments on existing leases from cash generated from operations, indicating a reliance on operational cash flow[167] - The company has a significant accumulated deficit and a net working capital deficit, raising doubts about its ability to continue as a going concern[168] Strategic Initiatives - The company acquired the assets of Modern Robotics, Inc. for $70,000 and 200,000 shares of Class A common stock[123] - The company aims to achieve significant cost-savings through merging operations and leveraging economies of scale[125][126] - The current sales pipeline has reached a record high level, indicating strong demand for technology sales in the US market[122] - The company anticipates that seasonal trends in its business will reduce as revenues grow, with the highest inventory levels typically in the second quarter[162] - The company has been proactive in obtaining contracts to offset the seasonality of its business, particularly in the fourth and first quarters[164]
Boxlight(BOXL) - 2019 Q1 - Earnings Call Transcript
2019-05-16 19:35
Boxlight Corp (NASDAQ:BOXL) Q1 2019 Earnings Conference Call May 16, 2019 9:00 AM ET Company Participants Stephen Hart - Hayden IR Mark Elliott - Chairman & CEO Michael Pope - President Takesha Brown - CFO Conference Call Participants Brian Kinstlinger - Alliance Global Partners Allen Klee - Maxim Group John Nobile - Taglich Brothers Hunter Diamond - Diamond Equity Research Operator Greetings, and welcome to the Boxlight Corporation First Quarter 2019 Earnings Conference Call. It is now my pleasure to intro ...
Boxlight(BOXL) - 2019 Q1 - Quarterly Report
2019-05-15 21:09
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) [X] QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2019 OR [ ] TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ______________ to ______________ Commission file number 001-37564 BOXLIGHT CORPORATION (Exact name of registrant as specified in its charter) | --- | --- | --- | |--- ...