Boxlight to Hold Fourth Quarter and Full Year 2021 Financial Results Conference Call

Rhea-AI Summary

Boxlight Corporation (Nasdaq: BOXL) will host its Fourth Quarter and Full Year 2021 financial results call on March 17, 2022, at 4:30 p.m. ET. CEO Michael Pope announced strong Q4 performance, exceeding $40 million in revenue with over 30% organic growth. However, the company faced higher operating expenses due to acquisition costs and ongoing supply chain issues, forecasting a Q4 Adjusted EBITDA loss of $2 million. Boxlight has raised its 2022 revenue guidance to $250 million and Adjusted EBITDA to $26 million. A replay of the call will be available until March 17, 2023.

Positive

• Q4 revenue exceeded $40 million.
• Organic growth greater than 30%.
• Increased 2022 revenue guidance to $250 million.
• Adjusted EBITDA guidance raised to $26 million.

Negative

• Forecasting a Q4 Adjusted EBITDA loss of $2 million.
• Higher-than-expected operating expenses due to acquisition costs.
• Supply chain and logistics costs remained high, impacting gross profit margin.

LAWRENCEVILLE, Ga.--(BUSINESS WIRE)-- Boxlight Corporation (Nasdaq: BOXL), a leading provider of interactive technology solutions, will hold its Fourth Quarter and Full Year 2021 financial results conference call on Thursday, March 17, 2022 at 4:30 p.m. Eastern Time. The conference details are as follows:

Date:			Thursday, March 17, 2022
Time:			4:30 p.m. Eastern Time / 1:30 p.m. Pacific Time
Dial-in:			1-877-545-0320 (Domestic)
			1-973-528-0002 (International)
Participant Access Code:			901845
Webcast:			https://www.webcaster4.com/Webcast/Page/2213/44832

For those unable to participate during the live broadcast, a replay of the conference call will be available until 11:59 p.m. Eastern Time on Friday, March 17, 2023, by dialing 1-877-481-4010 (domestic) and 1-919-882-2331 (international) and referencing the replay passcode 44832.

“We had a strong fourth quarter exceeding our revenue guidance of $40 million and delivering organic growth greater than 30%,” commented Michael Pope, CEO and Chairman at Boxlight.

“Because we completed the acquisition of FrontRow on December 31, 2021, the financial results of FrontRow will not be included in our Q4 financial statements. However, we did incur the transaction costs to complete the acquisition including due diligence, legal, financing, and refinancing costs, resulting in higher-than-expected operating expenses. Additionally, supply chain and logistics costs remained high during the quarter, impacting our gross profit margin. As a result of additional unexpected expenses, we are forecasting a fourth quarter Adjusted EBITDA loss of $2 million.

“We are experiencing stronger than expected customer orders and sales pipeline growth this year, and therefore are increasing our previous guidance for 2022 to $250 million revenue and $26 million Adjusted EBITDA. We look forward to sharing additional insights during our financial results conference call next week.”

The Company will file a Form 8-K which will include pro forma combined financial statements of Boxlight and FrontRow based on their audited results, prior to the earnings call on March 17. The Company will subsequently file its annual report on Form 10-K.

Senior management will be available for questions from the investment community following prepared remarks.

About Boxlight Corporation

Boxlight Corporation (Nasdaq: BOXL) 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 Boxlight and the Boxlight story, visit http://www.boxlight.com and 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 and competition in the industry. Boxlight encourages you to review other factors that may affect its future results in its filings with the SEC.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220310005912/en/

Media Relations

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 were Boxlight's Q4 2021 financial results?

Boxlight exceeded $40 million in revenue for Q4 2021, with over 30% organic growth.

When is Boxlight's Q4 earnings call?

Boxlight's earnings call is scheduled for March 17, 2022, at 4:30 p.m. Eastern Time.

What is Boxlight's revenue guidance for 2022?

Boxlight has raised its revenue guidance for 2022 to $250 million.

What is Boxlight's expected Adjusted EBITDA for Q4 2021?

Boxlight is forecasting a Q4 Adjusted EBITDA loss of $2 million.

How can I access Boxlight's earnings call replay?

The replay will be available until March 17, 2023, at 1-877-481-4010 for domestic callers.