Boxlight Reports First Quarter 2025 Financial Results

About this update from Boxlight Corporation

[{"type":"text","content":"DULUTH, Ga., May 14, 2025--(BUSINESS WIRE)--Boxlight Corporation (Nasdaq: BOXL) ("Boxlight" or the "Company"), a leading provider of interactive technology solutions, today announced the Company’s financial results for the first quarter ended March 31, 2025.","length":278,"tagName":"p"},{"type":"text","content":"Financial and Operational Highlights:","length":37,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Revenue was $22.4 million for the quarter, a decrease of 39.5% from the prior year quarter","length":90,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Gross profit margin in Q1'25 increased to 35.9% from 34.5% from the prior year quarter","length":90,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Net loss was $3.2 million, compared to net loss of $7.1 million in the prior year quarter","length":89,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Net loss per basic and diluted common share was $1.41, compared to $3.81 net loss per basic and diluted common share in the prior year quarter","length":142,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Adjusted EBITDA, a non-GAAP measure, decreased by $0.2 million to ($25) thousand from the prior year quarter","length":108,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Formalized partnerships with five major 3rd party emergency management platforms, including CENTEGIX, Raptor Technologies, RedBag, CrisisGo, and Kokomo24/7 for integrated School Safety Solutions","length":194,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Launched the Clevertouch Max 2 in the U.S market, moving to a unified flat panel brand worldwide","length":96,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Awarded to the list of Top EdTech Companies in the world, moving up in both the US and global markets","length":101,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Received ISO 27001 accreditation, an internationally recognized standard setting requirements for information security management system (ISMS), for Clevertouch","length":160,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Ended the quarter with $8.1 million in cash, $1.6 million in working capital and $15.8 million in stockholders’ deficit","length":119,"...

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