Boxlight Corporation (BOXL) Reports Q2 Loss, Misses Revenue Estimates

Group 1 - Boxlight Corporation reported a quarterly loss of $0.18 per share, which was better than the Zacks Consensus Estimate of a loss of $0.37, representing an earnings surprise of 51.35% [1] - The company posted revenues of $38.51 million for the quarter ended June 2024, missing the Zacks Consensus Estimate by 13.47%, and down from $47.05 million a year ago [2] - Boxlight shares have declined approximately 50.9% since the beginning of the year, contrasting with the S&P 500's gain of 9.9% [3] Group 2 - The earnings outlook for Boxlight is mixed, with the current consensus EPS estimate for the coming quarter at $0.06 on revenues of $54.03 million, and for the current fiscal year at -$1.35 on revenues of $178.56 million [7] - The Zacks Industry Rank indicates that the Technology Services sector is currently in the top 40% of over 250 Zacks industries, suggesting a favorable environment for stocks in this sector [8] Group 3 - Boxlight has surpassed consensus EPS estimates three times over the last four quarters, while it has topped consensus revenue estimates two times in the same period [2] - The estimate revisions trend for Boxlight is currently mixed, resulting in a Zacks Rank 3 (Hold) for the stock, indicating expected performance in line with the market [6]