Business
Boxlight Reports Fourth Quarter and Full Year 2022 Financial Results
Revenue was $42.8 million for the quarter, a decrease of 2.7% from the prior year quarter and increased by 19.8% to $221.8 million for the year Net loss per
About this update from Boxlight Corporation
[{"type":"text","content":"\n\nRevenue was $42.8 million for the quarter, a decrease of 2.7% from the prior year quarter and increased by 19.8% to $221.8 million for the year\n\n\nNet loss per diluted common share improved by $0.08 to ($0.03) for the quarter and by $0.16 per common share to ($0.07) for the year\n\n\nAdjusted EBITDA increased by $4.6 million to $2.6 million for the quarter and by $6.8 million to $18.9 million for the year\n\n\nEnded quarter with $14.6 million in Cash, $62.8 million in Working Capital and $51.9 million in Stockholders’ Equity\n\n\nExpect Q1 2023 Revenue of $40 million and Adjusted EBITDA of $3 million\n\n\n DULUTH, Ga.--(BUSINESS WIRE)--\nBoxlight Corporation (Nasdaq: BOXL) (“Boxlight” or the “Company”), a leading provider of interactive technology solutions, today announced the Company’s financial results for the fourth quarter and year ended December 31, 2022.\n\nKey Financial Highlights for Q4 2022 as Compared to Q4 2021\n\n\nRevenue decreased by 2.7% to $42.8 million\n\n\nCustomer orders decreased by 4.6% to $39.6 million\n\n\nGross profit margin improved by 1,240 basis points to 33.6%\n\n\nNet loss improved by $5.5 million to ($2.0) million\n\n\nAdjusted EBITDA improved by $4.6 million to $2.6 million\n\n\nNet loss per diluted common share improved by $0.08 to ($0.03)\n\n\nEnded the quarter with $14.6 million in Cash, $62.8 million in Working Capital and $51.9 million in Stockholders’ Equity\n\n\nKey Financial Highlights for Full Year 2022 as Compared to Full Year 2021\n\n\nRevenue increased by 19.8% to $221.8 million\n\n\nCustomer orders increased by 4% to $224.5 million\n\n\nGross profit margin improved by 410 basis points to 29.2%\n\n\nNet loss improved by $10.1 million to ($3.7) million\n\n\nAdjusted EBITDA improved by $6.8 million to $18.9 million\n\n\nNet loss per common share improved by $0.16 to ($0.07)\n\n\nKey Business Highlights for 2022\n\n\nReceived customer orders of $7.0 million from Graphics Distribution (U.S.), $4.8 million from Bluum (U.S.), $1.8 million from Avion Interactive Oy (Finland), $1.5 million from Unit DK (Denmark), $1.4 million from D&H Distribution (U.S.) and $1.1 million from ESI Informatique (Belgium).\n\n\nPaid down $8.5 million in principal on our credit facility.\n\n\nIntroduced our CleverWall and MimioWall large screen, all-in-one LED digital signage displays available in sizes rang...