Revenue Generation and Market Presence - The company generated substantially all of its revenue in the U.S. from the sale of software and interactive displays to the educational market, with approximately 75% of revenues in EMEA also related to the education sector [18]. - The company’s products are sold in approximately 60 countries and its software is available in 32 languages, supporting learning in over 850,000 classrooms [19]. - Sales outside the US represented 64% of the company's revenues for the year ended December 31, 2020 [163]. Market Characteristics and Trends - The U.S. K-12 education market is characterized by approximately 15,600 public school districts and 132,000 public and private schools, highlighting the need for broad coverage and relationships across states and districts [46]. - U.S. education expenditure is estimated at approximately $1.3 trillion, with K-12 education accounting for close to half of this spending, approximately $625 billion [49]. - The K-12 services and technology market has historically grown at an average rate of 7.2% annually since 1969, indicating resilience against inflation [50]. - Global EdTech Venture Capital reached $32 billion over the last decade, with predictions of nearly tripling that investment by 2030, as global education expenditure is expected to reach $10 trillion by 2030 [51]. - The U.S. Interactive Display Market is forecasted to grow at an average of 13% per year, potentially doubling in value to $1.6 billion by 2023 [52]. - The e-learning market is projected to generate revenue of $65.41 billion by 2023, growing at a CAGR of 7.07% during the forecast period [58]. Product Offerings and Innovations - The company has sold its patented interactive projectors to public schools in the U.S. and 49 other countries, including approximately 3,000 classrooms in 20 countries [26]. - Boxlight's product portfolio includes various categories such as Front-of-Class Displays, Classroom Audio, and Educational Software, aimed at creating integrated solutions for modern classrooms [61]. - The Clevertouch IMPACT Plus interactive LED flat panels are available in sizes ranging from 55" to 86", featuring 4K resolution and built-in collaboration tools [63]. - The MimioDisplay 3 offers a touchscreen UHD HDR display with 20 points of touch, designed to enhance teacher engagement and learning outcomes [75]. - The Clevertouch Live Rooms tablet integrates room booking and digital signage software, providing analytics on room usage and bookings [70]. - The Clevertouch PRO V4 media player is designed for 24/7 operation, suitable for large rollouts, and supports multimedia zoned presentations [71]. - Boxlight launched the MimioClarity audio system to enhance learning outcomes, featuring a 60W amplifier and options for two or four speakers [83]. - Through acquisitions of Modern Robotics, Robo3D, and MyStemKits, Boxlight expanded its STEM product portfolio [84]. - The Mimio MyBot system allows students to develop skills in programming and robotics, facilitating hands-on learning without requiring extensive infrastructure [85]. - Boxlight's MimioVote system enables student assessments with intuitive handheld devices, designed for durability in classroom environments [100]. Competitive Landscape and Challenges - The company faces competition from major players like Smart Technologies and Promethean, but sees opportunities in replacing outdated interactive whiteboards [112]. - The company operates in a highly competitive industry, facing competition from developers and manufacturers of interactive learning products, which may lead to price reductions and loss of market share [131]. - Future sales growth in developed markets may slow due to market saturation, particularly in the U.S., U.K., and Australia [142]. - The company may experience challenges in expanding sales in the business and government markets, which have not yet widely adopted interactive displays [140]. - The ongoing COVID-19 pandemic presents unpredictable risks that could adversely affect the company's business operations and market conditions [117]. Financial Performance and Risks - For the year ended December 31, 2020, approximately 88.1% of the company's revenue was generated from sales of interactive display products, including projectors and interactive flat panels [126]. - The company faces significant risks due to the ongoing COVID-19 pandemic, which has led to reduced demand for classroom solutions and potential borrowing limitations [122]. - The U.S. has experienced a substantial economic downturn, with unemployment reaching levels not seen since the Great Depression, impacting state and local government budgets for educational resources [124]. - Seasonal fluctuations in the education market significantly affect the company's revenues and operating results, with the bulk of expenditures occurring in the second and third quarters [128]. - The company relies on third-party suppliers for all products and components, which may lead to disruptions in operations if suppliers fail to deliver on time [149]. - The company is exposed to fluctuations in foreign currencies, which may materially adversely affect its results of operations [173]. - The company faces risks related to compliance with various product safety and environmental regulations, which could lead to increased costs and lost sales if not met [162]. Corporate Governance and Financial Management - The company has centralized business management through an ERP system, improving sales forecasting and performance visibility across subsidiaries [106]. - The company believes its existing working capital and expected cash flow will meet its working capital requirements for at least the next 12 months, but may seek additional financing for expansion and product development [192]. - The company does not anticipate declaring any dividends in the foreseeable future, intending to use excess cash to fund operations instead [203]. - The market price of the company's Class A common stock may be highly volatile, influenced by various factors including financial performance and market conditions [195]. - The company may face challenges in keeping pace with technological changes, which could require substantial expenditures and impact competitiveness [190]. - The company is classified as an "emerging growth company" and intends to rely on exemptions from certain disclosure requirements until specific revenue or filing thresholds are met [211]. - The company has elected to take advantage of the extended transition period under the JOBS Act, delaying the adoption of new or revised accounting standards until they apply to private companies [214]. - The company must meet specific financial and liquidity criteria to maintain its listing on Nasdaq; failure to do so could result in delisting, adversely affecting stockholder value and capital-raising ability [216].

Boxlight Corporation (NASDAQ:BOXL) Q4 2020 Earnings Conference Call March 25, 2021 4:30 PM ET Company Participants Michael Pope - Chairman and CEO Patrick Foley - Chief Financial Officer Mark Starkey - President Conference Call Participants Brian Kinstlinger - Alliance Global Partners Allen Klee - Maxim Group Operator Thank you and welcome to the Boxlight Fourth Quarter and Full Year 2020 Earnings Conference Call. By now, everyone should have access to the press release issued this afternoon. This call is b ...

Financial Data and Key Metrics Changes - Revenue for Q3 2020 was $9.5 million, a decrease of $1.8 million or 16% compared to $11.3 million in Q3 2019, primarily due to COVID-19 impacts [28] - Gross profit for Q3 2020 was $2 million, down from $3.2 million in Q3 2019, resulting in a gross margin of 21.4% compared to 28.6% in the prior year [29] - Net loss for Q3 2020 was $4.2 million, compared to a net loss of $0.5 million in Q3 2019, with an EPS loss of $0.10 per diluted share versus $0.04 in the previous year [33] - Adjusted EBITDA loss for Q3 2020 was $0.9 million, an increase of 66% compared to $0.5 million in Q3 2019 [34] Business Line Data and Key Metrics Changes - Sahara Presentation Systems contributed approximately $1.1 million in revenue and $0.1 million in gross profit for the last six days of Q3 2020 [27] - The company experienced a 33% increase in distributor sales compared to 2019, attributed to a new distribution agreement with D&H Distributing [29][70] Market Data and Key Metrics Changes - The Latin America business is growing through key partnerships in Puerto Rico, Peru, and Costa Rica, while in Europe, over 500 Interactive Displays were delivered to the Academies Enterprise Trust in the U.K. [10] - The U.S. market saw an 11% increase in interactive displays sold in Q3 2020 compared to the same quarter last year [76] Company Strategy and Development Direction - The company aims to focus primarily on the education market while also looking to grow the corporate market, which currently represents about 15% of Sahara's sales [43][46] - A strategic partnership with Samsung Electronics America was formalized to bundle their displays with Boxlight software, with expectations for significant growth in 2021 [16][64] Management's Comments on Operating Environment and Future Outlook - Management noted increased demand in Q4 2020, expecting to generate over $27 million in revenue and positive adjusted EBITDA [7][72] - The company anticipates a lighter Q1 due to seasonal trends but expects stronger performance in Q2 and Q3 [67] Other Important Information - The company closed a $34.5 million secondary offering and received a $22 million investment from The Lind Partners, improving its financial outlook [12][17] - The acquisition of Sahara Presentation Systems was completed for approximately $80 million, enhancing the company's product offerings and market presence [13][14] Q&A Session Summary Question: What percentage of Sahara's sales are to the education market? - Approximately 85% of Sahara's sales are to the education market, with 15% in the corporate market [43] Question: What are the expected blended gross margins with Sahara going forward? - The expected adjusted gross margins for Q4 2020 are projected to be between 15% to 20%, with a range of 25% to 30% anticipated for 2021 [50][52] Question: Can you provide insight into Sahara's revenue performance during 2020? - Sahara has performed strongly in 2020, with a significant October and expectations for a strong Q4 [81] Question: What is the status of the MimioClarity product? - The product is currently being piloted in several school districts, with initial sales of about 300 units during the quarter [84] Question: What percentage of the customer base has purchased the MimioConnect offering? - The company is optimistic about the platform's adoption but does not have large implementations yet; several potential opportunities are in the works [88]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Nevada 8211 46-4116523 (State or other jurisdiction of (Primary Standard Industrial (I.R.S. Employer incorporation or organization) Classification Code Number) Identification Number) Large accelerated filer [ ] Accelerated filer [ ] Non-accelerated filer [ ] Smaller reporting company [X] Emerging growth company [X] FORM 10-Q (Mark One) [X] QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterl ...

Boxlight Corp (NASDAQ:BOXL) Q2 2020 Earnings Conference Call August 14, 2020 9:30 AM ET Company Participants Michael Pope - CEO & Chairman Takesha Brown - CFO Conference Call Participants Brian Kinstlinger - Alliance Global Partners John Nobile - Taglich Brothers Jack Aarde - Maxim Group Allen Klee - National Securities Corporation Jacob Silverman - Alliance Global Partners Operator Thank you, and welcome to the Boxlight Second Quarter 2020 Earnings Conference Call. By now, everyone should have access to th ...

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 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 ...

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 | ...

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 ...

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]