Boxlight Corporation
- Open
- 5.99
- Day high
- 6.31
- Day low
- 5.70
- Prev close
- 5.95
- Volume
- 30K
- Mkt cap
- $5M
- P/E (TTM)
- —
- EPS (TTM)
- —
- P/B
- -3.2
- P/S
- 0.0
- Yield
- —
- Per share
- —
- ▼Insiders net selling -$292 over the last 3 months (0 open-market buys, 8 sales)
- 🏛Institutions reducing (13F)
Boxlight Corporation (BOXL) is a Technology company listed on NASDAQ. The stock is down 91% over the past year. Over the trailing 3 months, insiders filed 0 open-market buys and 8 sales (SEC Form 4).
Boxlight Corporation (BOXL) financials & analyst ratings
Fundamentals (TTM)
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
BOXL earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Aug 12, 2026 | $-20.16 | $0.34 | +101.7% | $26M | -16.0% |
| May 15, 2026 | $-6.51 | $-2.25 | +65.4% | $22M | +0.1% |
| Nov 14, 2025 | $-7.26 | $-11.28 | -55.4% | $29M | +22.3% |
| Aug 13, 2025 | $-0.24 | $-1.53 | -537.5% | $31M | -15.0% |
| May 14, 2025 | $-2.36 | $-1.95 | +17.4% | $22M | +11.9% |
| Mar 28, 2025 | $-2.82 | $-8.35 | -196.1% | $24M | -20.2% |
| Mar 13, 2024 | $-3.30 | $-3.15 | +4.5% | $39M | +14.1% |
| Mar 15, 2023 | $-2.40 | $-1.20 | +50.0% | $43M | -11.7% |
| Nov 9, 2022 | $0.80 | $1.20 | +50.0% | $69M | +18.4% |
| Aug 11, 2022 | $-0.07 | $-1.20 | -1614.3% | $60M | +4.5% |
| May 12, 2022 | $-2.80 | $-2.80 | +0.0% | $51M | +6.6% |
| Mar 17, 2022 | $-3.60 | $-4.40 | -22.2% | $44M | +9.5% |
BOXL insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| Jun 11, 2026 | Nance Henryofficer: Chief Operating Officer | Sell | 16 | $1.65 |
| Jun 11, 2026 | Nance Henryofficer: Chief Operating Officer | Sell | 8 | $4.92 |
| Jun 11, 2026 | Nance Henryofficer: Chief Operating Officer | Sell | 11 | $5.10 |
| Jun 11, 2026 | Marklew Shaunofficer: Chief Technology Officer | Sell | 18 | $0.89 |
| Jun 11, 2026 | Marklew Shaunofficer: Chief Technology Officer | Sell | 13 | $1.65 |
| Jun 11, 2026 | Nance Henryofficer: Chief Operating Officer | Sell | 13 | $0.89 |
| Jun 11, 2026 | Marklew Shaunofficer: Chief Technology Officer | Sell | 17 | $5.10 |
| Jun 11, 2026 | Nance Henryofficer: Chief Operating Officer | Sell | 22 | $1.55 |
| Sep 12, 2025 | Marklew Shaunofficer: Chief Technology Officer | Sell | 178 | $1.79 |
| Sep 12, 2025 | Nance Henryofficer: Chief Operating Officer | Sell | 111 | $1.79 |
| Jun 9, 2025 | Nance Henryofficer: Chief Operating Officer | Sell | 132 | $1.67 |
| Jun 9, 2025 | Marklew Shaunofficer: Chief Technology Officer | Sell | 178 | $1.67 |
| Jun 9, 2025 | Wiggins Gregofficer: Chief Financial Officer | Sell | 38 | $1.67 |
| Apr 4, 2025 | Nance Henryofficer: Chief Operating Officer | Sell | 132 | $10.70 |
| Apr 4, 2025 | Marklew Shaunofficer: Chief Technology Officer | Sell | 178 | $10.70 |
Source: BOXL SEC Form 4 filings, latest Jun 11, 2026. For informational purposes only — not investment advice.
See the full BOXL insider & 13F page →Boxlight Corporation company profile
Overview
Boxlight Corporation (NASDAQ:BOXL) is a Georgia-based educational technology company founded in 1985 that develops and sells interactive classroom solutions for the global K-12 education market. Originally known as Logical Choice Corporation, the company went public in 2017 and has grown through strategic acquisitions to become a comprehensive provider of interactive displays, audio systems, and educational software. The company operates internationally with significant presence in the Americas and Europe, Middle East, and Africa (EMEA) regions.
Business
Boxlight operates in the educational technology sector, specifically focusing on interactive classroom solutions for kindergarten through 12th grade schools worldwide. The company's core business revolves around creating digital learning environments that replace traditional whiteboards and projectors with modern interactive technology. The company's primary products include interactive flat panel displays (IFPDs), which are large touchscreen monitors that teachers and students can use for presentations, collaborative learning, and interactive lessons. These displays function similarly to giant tablets mounted on classroom walls, allowing multiple users to write, draw, and manipulate digital content simultaneously. Interactive flat panel displays represent approximately 69-75% of the company's total revenue, making them the cornerstone of Boxlight's business. Beyond hardware, Boxlight provides comprehensive educational solutions including audio systems for classroom communication (about 12% of revenue), STEM education kits and robotics for hands-on learning, professional development services for educators, and educational software that enables teachers to create interactive lessons and assessments. The company also offers document cameras, wireless presentation systems, and various accessories that complement their core interactive display products. Boxlight operates under multiple brand names including Clevertouch (for interactive displays), FrontRow (for audio and communication solutions), and Mimio/EOS (for STEM solutions and educational software). The company is currently undergoing brand consolidation to simplify its product portfolio and improve market recognition. Geographically, the business is split roughly evenly between the Americas (48-51% of revenue) and EMEA regions (45-49% of revenue), with smaller contributions from other international markets (3-4% of revenue).
Revenue model
Boxlight generates revenue primarily through direct product sales to educational institutions, with hardware sales comprising approximately 90-96% of total revenue. The company sells interactive flat panel displays, audio systems, and educational technology accessories directly to schools, school districts, and educational resellers. Revenue is also generated through software licensing, professional development services, and ongoing support contracts, though these represent a smaller portion of the business. The company's customers are primarily K-12 schools, school districts, and educational institutions globally. In some cases, Boxlight works through channel partners and resellers who distribute products to end-user schools. The purchasing decisions are typically made by school administrators, IT directors, and curriculum coordinators who evaluate technology solutions based on educational effectiveness, ease of use, and budget considerations. Several factors significantly impact Boxlight's margins and profitability. Government education funding cycles create substantial demand volatility, as seen with the ESSER (Elementary and Secondary School Emergency Relief) funds that boosted sales during the pandemic but created a subsequent demand softening as schools completed their technology upgrades. Supply chain costs and component pricing directly affect gross margins, particularly for hardware-intensive products. The company has experienced margin pressure from rising manufacturing costs and has responded by implementing selective price increases. Competitive pricing pressure from larger technology companies and lower-cost manufacturers can compress margins, though Boxlight attempts to differentiate through integrated solutions and superior customer service. Currency fluctuations impact international operations, while seasonal education buying patterns create quarterly revenue variations as schools typically make major technology purchases during summer months before new school years begin. The company's gross margins have shown volatility, ranging from 25% to 38% quarterly, influenced by product mix, manufacturing efficiencies, and pricing strategies. Higher-margin opportunities exist in software, services, and comprehensive solution packages, though hardware sales remain the dominant revenue driver.
Competitive moat
Boxlight operates in a competitive educational technology market with limited sustainable competitive advantages. The company's primary moat stems from its comprehensive solution portfolio that integrates hardware, software, and services, creating some switching costs for educational institutions that have invested in training and curriculum development around Boxlight's platforms. The company has built established relationships with educational resellers and channel partners globally, providing distribution advantages in fragmented international markets. Additionally, Boxlight's focus on education-specific features and compliance requirements creates some differentiation from generic technology providers, as schools require solutions that meet particular educational standards and classroom management needs. However, Boxlight's competitive moat is relatively weak. The interactive display market faces intense competition from larger technology companies like Google, Microsoft, and established hardware manufacturers who possess greater resources and brand recognition. The core hardware products (interactive displays) are increasingly commoditized, with multiple suppliers offering similar functionality at competitive prices. Barriers to entry are low in many of Boxlight's product categories, particularly for hardware components. The company lacks proprietary technology that would be difficult for competitors to replicate. Educational institutions can relatively easily switch between different interactive display providers, especially when existing contracts expire. The company's small size compared to technology giants limits its ability to achieve significant economies of scale in manufacturing and R&D investment. This creates ongoing pressure to compete primarily on price rather than unique capabilities, which constrains long-term profitability potential. The consolidation of the educational technology market toward larger players represents a significant competitive threat to Boxlight's market position.
Risks & safety
Boxlight presents significant financial risks with a narrow margin of safety based on current metrics: • Solvency concerns: The company has negative shareholders' equity of approximately -$13 million as of Q1 2025, indicating liabilities exceed assets. Current ratio of 1.02 shows minimal working capital cushion. • Cash position: Cash and short-term investments of $8.1 million provide limited runway given historical cash burn patterns. Free cash flow has been volatile, ranging from -$5.4 million to +$5.4 million quarterly. • Debt burden: High debt-to-equity ratio of 1.68 indicates substantial leverage. The company has been working on debt refinancing and covenant compliance issues. • Profitability challenges: The company has reported net losses in recent quarters, with negative EBITDA of -$2.9 million in Q1 2025. Operating cash flow remains inconsistent. • Valuation metrics: With a market cap of approximately $4 million and negative earnings, traditional valuation metrics are not meaningful. The stock trades at extremely low absolute levels, suggesting significant distress. • Revenue decline: Revenue has decreased from $222 million in 2022 to $136 million in 2024, indicating shrinking business scale. • Industry headwinds: The education technology market is experiencing reduced demand following pandemic-era spending, creating additional pressure on recovery prospects.
Recent development
Over the past few years, Boxlight has undergone significant strategic restructuring to address market challenges and operational inefficiencies. The company's most notable recent development is a comprehensive brand consolidation initiative launched in 2024, which simplifies its previously complex portfolio of acquired brands into three core solution categories: Clevertouch for interactive displays, FrontRow for audio and communication solutions, and Mimio/EOS for STEM education and software. The company has focused heavily on cost reduction and operational efficiency measures, targeting an annual operating expense run rate of $12-13 million per quarter. This includes streamlining operations, reducing redundancies from previous acquisitions, and aligning costs with current revenue levels following the post-pandemic market contraction. Product development efforts have centered on upgrading existing solutions rather than major new category expansion. Key launches include the IMPACT Max 2 interactive panel, new FrontRow UNITY communication systems, and enhanced software platforms. The company achieved Cyber Essentials certification and received industry recognition with the Clevertouch Edge winning the Pro AV Best in Market Award 2024. Boxlight has also been actively managing its financial structure, including refinancing debt obligations, negotiating covenant waivers, and exploring additional financing options to maintain liquidity during the challenging market environment. The company settled exclusive channel partner agreements as part of its brand consolidation strategy, allowing for broader market reach under the unified Clevertouch brand. Market positioning strategy has shifted toward emphasizing integrated solutions and comprehensive customer support to differentiate from commodity hardware providers, while maintaining focus on the core K-12 education market despite exploring opportunities in enterprise and corporate markets.
BOXL company profile · for informational purposes only — not investment advice.
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