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 has appointed Dale Strang as its permanent Chief Executive Officer (CEO). Strang had been serving as interim CEO since January 2024. The Board of Directors unanimously voted for this decision, citing the positive direction and progress the company has made under his leadership. Strang, who has over 35 years of experience in consumer technology, media, and entertainment, has been a director at Boxlight since 2017 and has served on several committees, including as chair of the compensation committee. The company believes Strang is well-positioned to lead Boxlight towards capturing opportunities in the fast-moving market.
Boxlight (Nasdaq: BOXL) has won the Education Hardware Innovation Award for its MimioPro G interactive display in the 2024 EdTech Breakthrough Awards Program. The MimioPro G, designed for modern classrooms, integrates with various educational tools and offers access to the Google PlayStore. It features advanced security, 50 touchpoints, and antibacterial glass. The investment includes complimentary training for teachers to earn Google certification, enhancing professional development. This award highlights Boxlight’s commitment to innovative educational technology and empowering teachers.
Boxlight (Nasdaq: BOXL) awarded Clayton County Public Schools (CCPS) as Education Technology Implementation District of the Year. This recognition highlights the successful 8+ year partnership between Boxlight and CCPS to modernize classrooms using Boxlight interactive displays, software, and teacher training. The collaboration has led to increased student engagement and teacher enthusiasm for technology. The award was presented on May 7, 2024, acknowledging CCPS's dedication to leveraging educational technology to improve learning outcomes and educator effectiveness.
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.
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