Welcome to our dedicated page for Boxlight news (Ticker: BOXL), a resource for investors and traders seeking the latest updates and insights on Boxlight stock.
Boxlight Corporation (symbol: BOXL) is a US-based, leading provider of technology solutions to the education sector, as well as to corporate and government markets. Established in 1985, the company has been at the forefront of presentation technology. With the acquisition of Mimio in 2016, Boxlight expanded its product portfolio significantly, combining Mimio’s innovative education tools with its own expertise in display solutions.
Boxlight offers a range of interactive solutions designed to enhance learning environments. Their product lineup includes interactive flat panel displays, LED video walls, media players, classroom audio systems, campus communication tools, and a variety of cameras and peripherals. These technologies are geared towards creating dynamic and efficient educational experiences.
Additionally, Boxlight provides non-interactive solutions such as digital signage and flat panels. The company is also involved in distributing STEM (Science, Technology, Engineering, and Mathematics) products including 3D printing equipment, robotics kits, and portable science labs. These products are designed to foster engagement and hands-on learning in classrooms.
Boxlight’s commitment to the education market is evident through its powerful integrated solutions aimed at improving educational outcomes. Their continuous innovation and passion for learning promise to drive educational technology forward, benefiting both educators and students.
Boxlight’s financial health is supported by their steady growth and strategic partnerships. The company’s solutions are implemented globally, attesting to their quality and effectiveness in varied educational environments.
Stay tuned for the latest developments and news from Boxlight Corporation as they continue to transform classrooms around the world with their cutting-edge technology.
Boxlight (BOXL) has announced a private placement of 1,323,000 shares of Class A common stock and warrants at $2.13 per share, expected to raise approximately $2.8 million in gross proceeds. The warrants will be exercisable after six months and expire in 5.5 years.
The closing is anticipated around February 21, 2025, subject to customary conditions. A.G.P./Alliance Global Partners is serving as the sole placement agent. The company plans to use proceeds for working capital and general corporate purposes.
The securities will not be registered under the Securities Act and can only be sold through registration or exemption. Boxlight has agreed to file a registration statement within 45 days of closing and aims for effectiveness within 60-90 days.
Boxlight (Nasdaq: BOXL), a leader in educational technology, has launched the Clevertouch Max 2 in the U.S. market. This is the first interactive display branded under Clevertouch as Boxlight’s global display standard. The Max 2 offers multiple user interface options and software choices for whiteboarding and screensharing, minimizing learning curves and enhancing teaching and collaboration. Users can choose between the latest Clevertouch Launcher, legacy Clevertouch launcher, or legacy Mimio Launcher for interfaces, and LYNX Whiteboard or Note for whiteboarding, and CleverShare or Unplug’d for screensharing.
The Max 2 is an ATTENTION!-Approved product, integrating into Boxlight’s expanded ATTENTION! ecosystem to enhance campus-wide communication and safety. It features a 4K touch display with 40-point pressure-sensitive touch, a powerful 64-bit processor with Android 13 (upgradable to Android 15 in 2025), USB-C connectivity, and superior built-in audio with front-facing 20W speakers and subwoofers. Available in three sizes—65", 75", and 86"—the Max 2 is designed to suit various learning and business environments.
Sean Penn, Senior VP of Education Product Portfolio at Boxlight, emphasizes that the Max 2 is the result of deep collaboration with customers and partners, aiming to meet the needs of both existing and new customers.
Boxlight (Nasdaq: BOXL) has announced a 1-for-5 reverse stock split of its Class A common stock, effective February 14, 2025, at 5:01 p.m. Eastern Time. The stock will begin trading on a split-adjusted basis on February 18, 2025, under the same symbol 'BOXL'.
The reverse split aims to regain compliance with Nasdaq's minimum bid price requirement of $1.00 per share. Every 5 shares will be consolidated into one share, reducing the total authorized shares from 18,750,000 to 3,750,000. The par value remains at $0.0001 per share.
Proportionate adjustments will be made to equity awards, warrants, and convertible preferred stock. No fractional shares will be issued, with fractions being rounded up. VStock Transfer, will serve as the transfer agent, and stockholders are not required to take any action.
Boxlight (BOXL) reported Q3 2024 financial results with revenue of $36.3 million, down 26.9% year-over-year. Gross profit margin decreased to 33.8% from 36.3%. The company posted a net loss of $3.1 million ($0.34 per share), improved from a $17.8 million loss in Q3 2023. Adjusted EBITDA was $2.2 million, down $2.7 million from last year.
The company ended Q3 with $10.5 million in cash, $45.8 million in working capital, and $38.8 million in debt. Notable developments include launching the IMPACT Max 2 interactive panel and unifying worldwide display brand as Clevertouch by Boxlight. The company was not in compliance with credit agreement covenants and is finalizing an amendment for waiver.
Boxlight (Nasdaq: BOXL) has scheduled its Third Quarter 2024 earnings conference call for Wednesday, November 13, 2024, at 4:30 p.m. Eastern Time. The interactive technology solutions provider will host the call with dial-in options available for both domestic (1-888-506-0062) and international (1-973-528-0011) participants using access code 971820. A webcast will be available, and a replay of the call can be accessed until November 27, 2024, using dedicated replay numbers.
Boxlight (Nasdaq: BOXL), a provider of interactive technology solutions, announced its Q2 2024 financial results. Revenue decreased by 18.1% to $38.5 million compared to the prior year, with a net loss of $1.5 million, up from $0.8 million. The gross profit margin slightly decreased to 37.7% from 37.9%. Adjusted EBITDA dropped to $3.7 million from $5.4 million. The company ended the quarter with $7.5 million in cash and $46.7 million in working capital. New products launched include UNITY, TimeSign, and STEM Robo 3D, aimed at enhancing classroom technology. Boxlight continues to reduce expenses and anticipates future growth despite challenging market conditions.
Boxlight (Nasdaq: BOXL), a leading provider of interactive technology solutions, has announced its upcoming Second Quarter 2024 earnings conference call. The call is scheduled for Wednesday, August 7, 2024, at 4:30 p.m. Eastern Time. Investors and interested parties can participate via phone or webcast. For those unable to attend live, a replay will be available until August 21, 2024. This event provides an opportunity for stakeholders to gain insights into Boxlight's financial performance and future outlook.
Boxlight (Nasdaq: BOXL) won 8 Best of Show awards at the ISTE Live 24 conference in Denver, Colorado, for its innovative educational technology solutions. The award-winning products include the UNITY AV management system, Robo E4 and E4 Pro 3D printers, Xploris STEAM solution, Clevertouch IMPACT Lux and Max interactive flat panels, MimioPro 4 interactive display, MimioWall LED displays, and Mimio DS Series digital displays. These products integrate cutting-edge technology to enhance classroom engagement, efficiency, and safety, ensuring a comprehensive learning environment for students and educators.
Boxlight (Nasdaq: BOXL) has launched FrontRow UNITY at ISTELive 2024 in Denver, CO. UNITY is an innovative solution that combines classroom audio, campus communication, and emergency notifications into a single device. It features technologies like OptiVoice+, PrivaSee, Solo, PrioriTeach+, and Adapto+ to offer clear sound and comprehensive communication capabilities. UNITY is user-friendly, easy to install, and integrates seamlessly with existing infrastructure, making it cost-effective. It supports various communication needs, from classroom instructions to campus-wide emergency alerts, and can be managed remotely via FrontRow Rollout app.
Boxlight (Nasdaq: BOXL) is showcasing its latest education technology solutions at ISTELive 2024, held from June 24-26 in Denver, CO. The company introduces FrontRow UNITY, an all-in-one device for classroom communication, campus communication, and emergency notifications. Also debuting are TimeSign—a multi-functional digital display—and Xploris, a compact STEAM education tool for K-5 students comprising five built-in sensors. Boxlight emphasizes its commitment to improving safety, communication, and STEM education through innovative products. An exclusive pricing offer for MimioWall is available at the event.
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