Welcome to our dedicated page for Boxlight Corporation news (Ticker: BOXL), a resource for investors and traders seeking the latest updates and insights on Boxlight Corporation 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 Corporation (NASDAQ: BOXL) has secured a $68.5 million credit facility from WhiteHawk Capital Partners to facilitate its acquisition of FrontRow Calypso LLC, refinance existing debt, and enhance liquidity for growth initiatives. This strategic move aims to expand Boxlight's product offerings in the K-12 education market, particularly enhancing communication technologies in learning environments. The financing is expected to support Boxlight's ongoing expansion efforts, reinforcing its position in the education technology sector.
Boxlight Corporation (NASDAQ: BOXL) announced a $68.5 million credit agreement with WhiteHawk Finance to refinance debt, acquire FrontRow Calypso, and support working capital. The agreement includes an initial $58.5 million draw and a $10 million delayed draw facility. Boxlight retired $17.2 million in previous debts and completed a $33.7 million cash payment to FrontRow. The acquisition is expected to generate $30 million in sales and $7 million in EBITDA for fiscal year 2022, enhancing performance and product offerings.
Boxlight Corporation (Nasdaq: BOXL) has successfully implemented Clevertouch interactive display solutions at Cardiff Metropolitan University in Wales, UK. This initiative aims to enhance student accessibility and interactivity in educational spaces. The Clevertouch IMPACT Plus displays feature user-friendly interfaces, cloud drive access, and high-quality audio, catering to diverse user needs. Hollie Carter, IT Advisor at Cardiff Met, emphasized the importance of high-resolution displays in ensuring accessibility and engagement.
Boxlight Corporation (Nasdaq: BOXL) has successfully implemented Clevertouch interactive displays at Cows and Calves Preschool in South Africa. This initiative aims to enhance technology skills among students, featuring user-friendly access to cloud drives, LYNX, Snowflake applications, and Clevershare screen mirroring, which received positive feedback from the school community. Principal Anell Harper emphasized the importance of these touchscreens as educational tools for broadening students' knowledge.
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.
Boxlight Corporation (Nasdaq: BOXL) announced the successful implementation of Clevertouch interactive displays at Quarrydale Academy in Nottingham, UK. The academy upgraded its audiovisual infrastructure, installing 57 interactive displays along with a remote cloud-based management system, enabling centralized control. According to Stafford Lund from Roche AV, this solution enhances both current and future educational needs without ongoing costs. The upgrade aims to standardize technology for greater administrative efficiency.
Boxlight reported a 544% increase in revenue to $61.0 million for Q3 2021, compared to Q3 2020. Customer orders surged 756% to $51.1 million. Net income rose by $4.9 million to $0.7 million, resulting in earnings of $0.01 per share. Adjusted EBITDA improved by $8.0 million to $7.2 million. The company forecasts Q4 2021 revenue of $40 million and a full-year revenue of $181 million with $16 million in Adjusted EBITDA. Boxlight’s strong performance is attributed to the acquisition of Sahara and increasing market demand.
Boxlight Corporation (Nasdaq: BOXL) will present at the Ladenburg Thalmann Virtual Technology Expo on Thursday, November 18, 2021, at 10:30 AM ET. CEO Michael Pope will share updates on the company's 2021 financial performance, highlighting significant revenue growth and profitability. Additionally, he will discuss strategic developments, including the acquisition of FrontRow. The expo will showcase presentations from around 50 technology companies, focusing on various sectors, including AI and e-commerce. Investors can register for the event through the provided link.
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