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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) | --- | --- | --- | |--- ...
Boxlight(BOXL) - 2018 Q4 - Earnings Call Transcript
2019-03-29 04:04
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]
Boxlight(BOXL) - 2018 Q4 - Annual Report
2019-03-28 20:36
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 | --- | --- | --- | |------------------------------------------------------------------------------|---- ...