Boxlight Corp

Listed Company

BOXLCIK 0001624512NasdaqNon-AcceleratedSmaller ReportingServices-Educational ServicesNevadaFY ends Dec 31

Period

FY 2025

Revenue

$109.25M

Net Income

$-23.81M

Total Assets

$97.54M

Equity

$1.25M

Shares Out

3.40M

Op. Cash Flow

$-3.33M

Business

Boxlight Corp develops, sells and services interactive technology solutions primarily for the global education market and also serves corporate and government customers. It offers interactive and non-interactive flat-panel displays, LED video walls, media players, classroom audio and campus communication systems, cameras, peripherals, STEM products (3D printers and robotics), educational software and professional development services. The company operates through product and solution categories such as Front-of-Class Displays, Classroom Audio and School-wide Communication, STEM, Educational Software, Peripherals and Professional Development. Boxlight sells its products worldwide through a network of global reseller partners and direct channels across North America, EMEA, Asia and other international markets.

Summary from filing dated 2025-03-28

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Revenues, net	109	136	177	222	185
Cost of revenues	76	89	113	157	139
Gross profit	34	47	63	65	47
General and administrative	35	42	61	59	47
Depreciation and amortization	10	21	—	—	—
Research and development	4	4	3	2	2
Total operating expense	50	66	90	62	49
Loss from operations	−16	−19	−26	3	−3
Interest expense, net	−10	−10	−11	—	—
Other income (expense), net	1	−727,000	−417,000	−267,000	−20,000
Loss on warrant issuance	−578,000	0	—	—	—
Change in fair value of common warrants	1	0	—	—	—
Total other expense	−8	−11	−11	−7	−8
Loss before income taxes	−25	−30	−37	−4	−10
Income tax benefit	920,000	2	−2	−49,000	−3
Net loss	−24	−28	−39	−4	—
Fixed dividends - Series B Preferred	−1	−1	−1	−1	−1
Net loss attributable to common stockholders - basic	−25	−30	−40	−5	−15
Net loss attributable to common stockholders - diluted	−25	−30	−40	−5	—
Foreign currency translation adjustment	2	−1	2	−5	−1
Total comprehensive loss	−21	−29	−37	−8	−15
Net loss per common share basic (in dollars per share)	−39.74	−90.69	−21.38	−0.58	−0.23
Net loss per common share diluted (in dollars per share)	−39.74	−90.69	−21.38	−0.58	−0.23
Weighted average number of common shares outstanding basic (in shares)	631,091	326,439	2	9	59
Weighted average number of common shares outstanding diluted (in shares)	631,091	326,439	2	9	59

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents	9	8	17	15	18
Accounts receivable trade, net of allowances of $1,055 and $394, respectively	15	18	33	31	30
Inventories, net of reserves	38	43	44	58	52
Prepaid expenses and other current assets	7	9	10	7	9
Total current assets	69	78	104	111	109
Property and equipment, net of accumulated depreciation	2	2	2	2	1
Operating lease right of use asset	7	8	9	4	—
Intangible assets, net of accumulated amortization	17	26	46	53	66
Deferred tax assets, net	1	0	—	—	—
Other assets	734,000	790,000	906,000	397,000	248,000
Total assets	98	115	162	195	201
Accounts payable and accrued expenses	26	24	33	37	34
Short-term debt	1	37	1	845,000	10
Operating lease liabilities, current	2	2	2	2	—
Deferred revenues, current	9	9	9	8	8
Other short-term liabilities	4	5	5	386,000	667,000
Total current liabilities	43	77	49	48	55
Deferred revenues, non-current	15	15	16	16	14
Long-term debt	33	0	39	44	42
Deferred tax liabilities, net	0	901,000	4	5	8
Operating lease liabilities, non-current	6	6	7	2	—
Other long-term liabilities	60,000	165,000	0	—	—
Total liabilities	96	100	117	115	120
Total mezzanine equity	0	29	29	29	29
Common stock, $0.0001 par value, 4,166,667 and 625,000 shares authorized; 1,370,010 and 328,436 Class A shares issued and outstanding at December 31, 2025 and 2024, respectively	0	0	0	1,000	6,000
Additional paid-in capital	155	119	120	118	111
Accumulated deficit	−156	−133	−104	−65	−61
Accumulated other comprehensive income	3	227,000	1	−914,000	4
Total stockholders equity (deficit)	1	−13	17	52	53
Total liabilities and stockholders equity	98	115	162	195	201

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Amortization of debt discount and issuance cost	3	3	2	2	—
Bad debt expense	23,000	213,000	9,000	266,000	425,000
Paid-in-kind interest on short-term debt	150,000	240,000	0	—	—
Changes in deferred tax assets and liabilities	−2	−3	−347,000	−4	788,000
Change in allowance for sales returns and volume rebate	−1	−181,000	1	316,000	1
Change in inventory reserve	−1	631,000	2	−68,000	250,000
Stock compensation expense	269,000	1	3	3	4
Depreciation and amortization	10	21	9	9	—
Loss on disposal of asset	0	156,000	0	—	—
Change in right of use assets and lease liabilities	−344,000	−24,000	249,000	8,000	—
Accounts receivable trade	3	14	763,000	−4	−6
Inventories	8	−145,000	13	−10	−21
Prepaid expenses and other current assets	2	−861,000	−2	2	−2
Other assets	70,000	111,000	−498,000	−161,000	−158,000
Other short-term liabilities	−930,000	2	1	256,000	344,000
Other long-term liabilities	0	165,000	0	−312,000	−1
Deferred revenues	−1	−633,000	290,000	4	4
Other liabilities	60,000	0	—	—	—
Net cash used in operating activities	−3	−439,000	12	1	−2
Purchases of furniture and fixtures, net	−102,000	−506,000	—	—	—
Net cash used in investing activities	−102,000	−506,000	−1	−1	−34
Proceeds from issuances of short-term debt	3	4	3	0	54
Principal payments on long-term debt	−6	−6	−7	−11	—
Principal payments on short-term debt	−3	−4	−3	0	−67
Payments of fixed dividends to Series B Preferred stockholders	0	−1	−1	−1	−1
Proceeds from issuance of common stock and prefunded warrants, net of issuance costs	6	0	—	—	—
Proceeds from exercise of warrants	2	0	—	—	—
Proceeds from At-the-Market offering program	658,000	0	—	—	—
Net cash provided by (used in) financing activities	3	−7	−8	−5	41
Effect of foreign currency exchange rates	1	−1	413,000	2	−332,000
Net increase (decrease) in cash and cash equivalents	1	−9	3	−3	4
Cash paid for income taxes	1	3	3	2	1
Cash paid for interest	6	7	8	8	1
Addition of operating lease liabilities	125,000	681,000	6	0	—
Related party inventory financing	4	0	—	—	—
Reclassification of warrant liabilities	2	0	—	—	—

Filings

Filing historySign up free to browse every 10-K, 10-Q, 8-K, and proxy this filer has submitted to the SEC.Sign up free · Upgrade to Pro

Material Events

Material EventsTrack every 8-K filing and material event — AI-summarized, timelined, and alertable.Sign up free · Upgrade to Pro

Insiders

Insider ActivitySee executive buy/sell windows and insider trade activity over rolling 30/90/365-day windows.Sign up free · Upgrade to Pro

Institutional Holders

Institutional HoldersSee which funds hold this stock and track position changes quarter over quarter.Sign up free · Upgrade to Pro