Boxlight Makes Substantial Gains in Interactive Flat Panel Display Market

Rhea-AI Summary

Boxlight Corporation (Nasdaq: BOXL) reported significant market advancements for its Interactive Flat Panel Displays (IFPDs). A Q3 2021 analysis by Futuresource Consulting highlighted Boxlight's leadership in education and enterprise sectors, with notable achievements in countries like Australia, the UK, and Denmark. Boxlight reached nearly 8% market share in the USA and became the third-largest provider in EMEA, indicating robust growth. President Mark Starkey stated their global market share, excluding China, is approaching 10%, doubling from two years prior.

Positive

• Boxlight is the leading provider of IFPDs in Australia with a 41% market share.
• In the UK, Boxlight holds a 20% market share, being the number one brand.
• Boxlight is the second-largest provider of enterprise collaboration IFPDs in EMEA.
• In Denmark, Boxlight holds a 22% market share under its Clevertouch brand.
• Global market share for Boxlight, excluding China, is nearing 10%, double the position from two years ago.

Negative

• None.

LAWRENCEVILLE, Ga.--(BUSINESS WIRE)--

Boxlight Corporation (Nasdaq: BOXL), a leading provider of interactive technology, digital signage and software solutions, today announced that its Interactive Flat Panel Displays (IFPDs) are making strong gains in the market.

A recent third quarter 2021 report on the global IFPD market, provided by the market research firm Futuresource Consulting, reported that Boxlight made substantial gains around the world in both education and enterprise verticals. Under its brands Clevertouch and Mimio, Boxlight was the number one provider in many countries.

Our partner, ASI Solutions, continues to dominate Australia with Clevertouch as the bestselling IFPD in their market, owning 41% of the Q3 2021 market while the number two competitor owned a 10% share.

In the UK, we also became the number one IFPD brand with 20% market share in Q3 2021. The UK is a mature market and yet we continue to make notable gains.

Our Clevertouch partner, Unit DK, continues to lead with 22% of this year’s IFPD sales in Denmark. In South Africa, sales are booming with Interactive AV Solutions (IAVS), who also holds the number one position in their country.

In EMEA, we are the second largest provider under our Clevertouch brand for Enterprise collaboration IFPDs.

In the USA, we have increased our market share to nearly 8%, and we anticipate this to increase in future quarters as we continue to offer our robust portfolio of interactive solutions.

Worldwide, excluding China, we are the fifth largest IFPD provider and are now third in EMEA, ascending several positions past established brands.

Mark Starkey, President at Boxlight, comments, “Globally, excluding China, we are approaching 10% market share with our Boxlight brands, which is double the position from two years ago. We have become the go-to solution for interactive panels under our Clevertouch and Mimio brands that our customers trust.”

Note: All statistical information provided by Futuresource Consulting and based on interactive flat panel display sales for Q1-Q3 2021.

For more information on our solutions, visit boxlight.com and clevertouch.com.

About Boxlight Corporation

Boxlight Corporation (Nasdaq: BOXL) (“Boxlight”) is a leading provider of interactive technology solutions under its award-winning brands Clevertouch® and Mimio®. The company aims to improve engagement and communication in diverse business and education environments. Boxlight develops, sells, and services its integrated solution suite including interactive displays, collaboration software, supporting accessories and professional services. For more information about the Boxlight story, visit http://www.boxlight.com and Clevertouch, https://www.clevertouch.com/.

Forward Looking Statements

This press release may contain information about Boxlight's view of its future expectations, plans and prospects that constitute forward-looking statements. Actual results may differ materially from historical results or those indicated by these forward-looking statements because of a variety of factors including, but not limited to, risks and uncertainties associated with its ability to maintain and grow its business, variability of operating results, its development and introduction of new products and services, marketing and other business development initiatives, competition in the industry, etc. Boxlight encourages you to review other factors that may affect its future results in Boxlight’s filings with the Securities and Exchange Commission.

View source version on businesswire.com: https://www.businesswire.com/news/home/20211202005506/en/

Media

Sunshine Nance

+1 360-464-2119 x254

sunshine.nance@boxlight.com

Investor Relations

+1 360-464-4478

investor.relations@boxlight.com

Source: Boxlight Corporation

FAQ

What recent market report was announced for Boxlight Corporation (BOXL)?

Boxlight Corporation's recent press release highlighted a third quarter 2021 report indicating significant gains in the Interactive Flat Panel Displays market.

What market share does Boxlight hold in the USA as of Q3 2021?

As of Q3 2021, Boxlight has increased its market share in the USA to nearly 8%.

What is Boxlight's market position in Australia?

Boxlight is the number one provider of Interactive Flat Panel Displays in Australia, with a 41% market share.

How is Boxlight performing in the UK market?

In the UK, Boxlight is the leading IFPD brand with a 20% market share.

What are the growth expectations for Boxlight Corporation (BOXL) in the future?

Boxlight anticipates its market share to increase in future quarters due to its robust portfolio of interactive solutions.