Boxlight Corporation (BOXL) Reports Q3 Loss, Lags Revenue Estimates

Financial Performance - Boxlight Corporation reported a quarterly loss of $0.34 per share, which was worse than the Zacks Consensus Estimate of a loss of $0.09, representing an earnings surprise of -277.78% [1] - The company's revenues for the quarter ended September 2024 were $36.29 million, missing the Zacks Consensus Estimate by 18.82%, and down from $49.67 million a year ago [2] - Over the last four quarters, Boxlight has surpassed consensus EPS estimates three times and topped consensus revenue estimates two times [2] Stock Performance - Boxlight shares have declined approximately 48.6% since the beginning of the year, contrasting with the S&P 500's gain of 25.5% [3] - The current Zacks Rank for Boxlight is 3 (Hold), indicating that the shares are expected to perform in line with the market in the near future [6] Future Outlook - The consensus EPS estimate for the upcoming quarter is -$0.29 on revenues of $36.05 million, and for the current fiscal year, it is -$1.26 on revenues of $156.36 million [7] - The outlook for the Technology Services industry, where Boxlight operates, is currently in the top 28% of over 250 Zacks industries, suggesting a favorable environment for performance [8]