Boxlight(US:BOXL)2025-11-06 14:13Financial Performance - Total revenues for Q3 2025 were $29.3 million, a 19.2% decrease from $36.3 million in Q3 2024, primarily due to lower sales volume across all markets[4] - Gross profit for Q3 2025 was $8.5 million, down 30.3% from $12.3 million in Q3 2024, with a gross profit margin decreasing to 29.1% from 33.8%[7] - Net loss for Q3 2025 was $6.2 million, compared to a net loss of $3.1 million in Q3 2024, with net loss attributable to common shareholders at $6.5 million[10] - Adjusted EBITDA for Q3 2025 was negative $0.4 million, a decrease from $2.2 million in Q3 2024[13] - Total revenues for the nine months ended September 30, 2025, were $82.6 million, a 26.2% decrease from $111.9 million in the same period of 2024[14] - Total revenues for Q3 2025 were $29,337,000, a decrease of 19% compared to $36,289,000 in Q3 2024[32] - Constant-currency revenues for Q3 2025 were $28,796,000, reflecting a 19% decrease from $35,746,000 in Q3 2024[32] - Total revenues for the nine months ended September 30, 2025, were $82,612,000, down 26% from $111,897,000 in the same period of 2024[32] - Constant-currency revenues for the nine months ended September 30, 2025, were $81,368,000, a 26% decrease from $110,418,000 in the prior year[32] - Net loss for Q3 2025 was $6,184,000, compared to a net loss of $3,061,000 in Q3 2024[36] - Net loss attributable to common stockholders for Q3 2025 was $6,501,000, versus $3,378,000 in Q3 2024[36] - Adjusted EBITDA for Q3 2025 was $(412,000), compared to $2,195,000 in Q3 2024[37] Operating Expenses and Assets - Total operating expenses for Q3 2025 were $12.5 million, accounting for 42.5% of revenues, compared to $13.1 million and 36.1% of revenues in Q3 2024[8] - Total current assets decreased to $69,930,000 as of September 30, 2025, from $78,382,000 at the end of 2024[34] - Total assets decreased to $99,590,000 as of September 30, 2025, down from $115,305,000 at the end of 2024[34] - Total liabilities decreased to $90,544,000 as of September 30, 2025, compared to $99,692,000 at the end of 2024[34] Company Developments - Boxlight launched the CL Totem in North America, targeting high-traffic environments with modern digital signage solutions[6] - The company ended the quarter with $11.8 million in cash and $1.5 million in working capital[6] - The company raised $3.6 million in gross proceeds from a Class A common stock offering and $1.9 million from the exercise of warrants[6] - Boxlight regained compliance with Nasdaq listing rules, allowing its stock to continue trading on the Nasdaq Stock Market[6]