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 ...

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) | --- | --- | --- | |--- ...

Financial Data and Key Metrics Changes - Revenues for Q4 2018 totaled $12 million, an increase of 125% compared to $5.3 million in Q4 2017 [8][56] - Full year 2018 revenues were $37.8 million, up 47% from $25.7 million in 2017 [60] - Gross profit for Q4 2018 was $3 million, a significant increase from $0.6 million in Q4 2017, resulting in a gross margin of 25.2% compared to 11.3% [57] - Net loss for Q4 2018 was $0.6 million, a decrease of 87% from $4.6 million in Q4 2017 [59] - Full year 2018 net loss was $7.2 million, an increase of 10% from $6.5 million in 2017 [63] Business Line Data and Key Metrics Changes - The company experienced strong growth in its sales pipeline across the U.S. and key international markets, resulting in the largest sales pipeline in its history [9] - The introduction of new products and growth in the reseller network contributed to revenue growth [8] Market Data and Key Metrics Changes - The robotics and STEM education market is projected to grow from $280 million in 2018 to $2.9 billion by 2025, indicating significant growth potential for the company [69][70] Company Strategy and Development Direction - The company aims to improve learning and engagement in classrooms through innovative technology solutions, with a focus on strategic acquisitions to enhance its product offerings [10][39] - Recent acquisitions, including Modern Robotics, are expected to contribute significantly to revenue and gross profit margins [39][44] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about future growth, citing a strong demand for products and recognition among school districts [35] - The company is focused on integrating new acquisitions and expanding its global reach, particularly in the EMEA region [46][50] Other Important Information - The company has successfully established partnerships with various school districts, enhancing its credibility and market presence [14][25] - The introduction of new products, such as the Mimio MyBot and Mimio MicroCloud, is expected to drive future growth [31][32] Q&A Session Summary Question: What were the revenues generated by Modern Robotics in 2018? - The company reported that Modern Robotics generated approximately $1 million in 2018 and expects to relaunch its solutions for significant growth [66] Question: What is the growth potential for robotics in the classroom? - Management highlighted the vast market potential for STEM education, particularly in robotics, which is seen as a critical area for teaching engineering and programming [68] Question: How has the relationship with Troxell impacted sales? - The partnership with Troxell has been beneficial, leading to successful bids and increased market reach due to Troxell's established presence in the K-12 educational community [75] Question: What is the expected revenue growth rate for 2019? - The company anticipates at least a 25% growth rate for 2019, excluding any potential acquisitions [80] Question: What is the outlook for gross profit margins? - Management expects gross profit margins to improve over time, with new higher-margin products being introduced [81] Question: Can you provide insights on the sales pipeline? - The sales pipeline is currently skewed towards interactive flat panels, but there is a good mix of higher-margin products as well [82]

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, 2018 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 | --- | --- | --- | |------------------------------------------------------------------------------|---- ...