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Market Data: Yahoo Finance, Bloomberg, SEC Filings

Report Link: Updated Research Report (Dated 05/30/2018)

Symbol: BOXL
Analyst: John Nobile
Taglich Rating: Speculative Buy
Price Target: $9.00
Time Horizon: 12 Months
Rating Established: March 15, 2018
Price When Established: $4.00
Most Recent Report: May 30, 2018
Price When Issued: $6.59

What's New

Boxlight Reports 2Q18 Financial Results

On August 16, 2018, Boxlight Corporation (NASDAQ: BOXL) reported results for its second quarter ended June 30, 2018.

The company reported 2Q18 revenue increased 61.5% to $9.7 million from $6 million in 2Q17. Boxlight reported a net loss of $4.5 million or $(0.45) per share versus a net loss of $814,000 or $(0.18) per share in 2Q17.

Taglich Brothers projected 2Q18 revenue of $6.5 million and a net loss of $1.4 million or $(0.14) per share.

Boxlight Announces Acquisition of Qwizdom

On June 25, 2018, Boxlight Corporation (NASDAQ: BOXL) announced it acquired Qwizdom, an education software company providing classroom presentation and engagement solutions. Under the terms of the agreement, Boxlight paid a combination of cash, debt and common stock valued at approximately $2.5 million for Qwizdom.

Qwizdom CEO, Darin Beamish, will assume the additional role of vice president software development at Boxlight and manage the global software product line with the aim to advance comprehension and learning, and accelerate and improve student outcomes. Beamish will continue to enhance the Qwizdom software platform while also leading software development for the Mimio classroom solution suite.

Boxlight Receives Contract to Install Mimio Products in Over 3,200 Classrooms

On June 21, 2018, Boxlight Corporation (NASDAQ: BOXL) announced Georgia’s fifth-largest school district is installing its innovative Mimio classroom solution suite in approximately 3,200 classrooms. The contract with Clayton County Public Schools (CCPS) will result in over $11 million in sales with an anticipated completion date by the end of 2018.

CCPS is installing 75-inch flat panels with PC modules in 3,200 classrooms during the upcoming school year. It’s also implementing MimioVote (in its elementary schools), MimioPads (for teachers), MimioView document cameras, and will be standardizing on MimioStudio classroom software.

Company Description

Boxlight Corporation, headquartered in Lawrenceville, Georgia, is a designer, producer, and distributor of interactive classroom technologies for the global education market.

Company Reports

Updated Research Report (Dated May 30, 2018)

Initial Research Report (Dated March 15, 2018)


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