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Market Data: Yahoo Finance, Bloomberg, SEC Filings

Report Link: Initial Research Report (Dated 03/15/2018)

Symbol: BOXL
Analyst: John Nobile
Taglich Rating: Speculative Buy
Price Target: $7.00
Time Horizon: 12 Months
Rating Established: March 15, 2018
Price When Established: $4.00
Most Recent Report: March 15, 2018
Price When Issued: $4.00

What's New

Boxlight Reports 2017 Financial Results

On April 2, 2018, Boxlight Corporation (NASDAQ: BOXL) reported results for its fiscal year ended December 31, 2017.

The company reported 2017 revenue increased 26.4% to $25.7 million from $20.4 million in 2016. Boxlight reported a net loss of $7.3 million or $(1.34) per share versus a net loss of $2.1 million or $(0.48) per share in 2016.

Taglich Brothers projected 2017 revenue of $26.9 million and a net loss of $2.5 million or $(0.47) per share.

Departure of Boxlight’s CFO

On March 15, 2018, Sheri Lofgren, CFO at Boxlight (NASDAQ: BOXL) tendered her resignation. Lofgren’s decision to resign was for personal reasons. There were no disagreements between Lofgren and the company on any matter relating to the company’s operations, policies or practices which resulted in her resignation.

On March 15, 2018, the board of Boxlight appointed Takesha Brown to serve as the new CFO. Since April 2017, Brown served as Boxlight’s Controller. From 2010 through 2017, Brown first served in the role as Controller and then as Financial Reporting Manager at General Electric in Atlanta, Georgia. Brown started her career in public accounting, first with PricewaterhouseCoopers, then Ernst & Young until 2010. At the time of her departure from Ernst & Young, Brown was an Audit Senior Manager. Brown is a licensed CPA with a BS in Commerce and Business Administration and a Masters of Accounting from The University of Alabama.

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

Initial Research Report (Dated March 15, 2018)


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