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.
Stay informed about Boxlight Corporation developments through real-time news coverage tracking the educational technology company. Boxlight designs and distributes interactive displays under the Clevertouch brand, classroom audio and campus communication systems through FrontRow, and instructional technologies via Mimio. The company serves K-12 schools, corporate customers, healthcare facilities, military installations, and government agencies worldwide.
News coverage typically focuses on product launches of interactive flat-panel displays, LED video walls, classroom audio systems, and STEM education solutions including robotics platforms and 3D printers. Announcements often highlight new educational software releases such as interactive lesson creation tools, digital whiteboarding applications, and cloud-based digital signage platforms. Company news may address financial results, contract awards from school districts, partnerships with educational institutions, and expansion into international markets across the Americas, Europe, the Middle East, Africa, and Asia-Pacific regions.
Additional coverage tracks industry recognition including education technology awards, participation in conferences such as ISTE Live and Bett, and integration developments between the company's FrontRow Conductor campus communication system and its Clevertouch and Mimio interactive panels. Investors monitor news regarding the company's NASDAQ listing status, compliance with exchange requirements, operational performance, and strategic initiatives in the competitive educational technology sector.
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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