Welcome to our dedicated page for Boxlight Corporation news (Ticker: $BOXL), a resource for investors and traders seeking the latest updates and insights on Boxlight Corporation stock.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Boxlight Corporation's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Boxlight Corporation's position in the market.
Boxlight (Nasdaq: BOXL) has been ranked as one of the World’s Top EdTech Companies of 2024 by TIME Magazine, coming in at #28 globally and #9 in the U.S. The selection process evaluated various factors like financial strength, industry impact, product quality, and intellectual property portfolio value. Boxlight is dedicated to providing innovative technology solutions for learning institutions worldwide.
Boxlight reported its financial results for the first quarter of 2024, with revenue at $37.1 million, a 9.9% decrease from the prior year. The company's gross profit margin decreased to 34.5%, with a net loss of $7.1 million. Adjusted EBITDA decreased to $0.2 million. Boxlight ended the quarter with $11.8 million in cash and $46.6 million in working capital. Management highlighted cost-cutting measures and market stabilization, aiming for future growth.