Boxlight (NASDAQ:BOXL) Releases Quarterly Earnings Results, Beats Expectations By $4.26 EPS

by · The Cerbat Gem

Boxlight (NASDAQ:BOXL – Get Free Report) issued its quarterly earnings results on Friday. The company reported ($2.25) earnings per share for the quarter, topping the consensus estimate of ($6.51) by $4.26, FiscalAI reports. The company had revenue of $22.44 million for the quarter, compared to analyst estimates of $22.42 million.

Boxlight Trading Down 2.2%

NASDAQ:BOXL opened at $0.85 on Friday. Boxlight has a 1 year low of $0.70 and a 1 year high of $60.90. The company has a debt-to-equity ratio of 26.20, a quick ratio of 0.73 and a current ratio of 1.62. The stock has a fifty day moving average price of $1.12 and a two-hundred day moving average price of $2.70. The stock has a market capitalization of $3.41 million, a price-to-earnings ratio of -0.01 and a beta of 0.83.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on BOXL shares. Weiss Ratings restated a “sell (e+)” rating on shares of Boxlight in a research note on Wednesday, April 8th. Wall Street Zen raised shares of Boxlight from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company presently has an average rating of “Sell”.

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Hedge Funds Weigh In On Boxlight

A hedge fund recently bought a new stake in Boxlight stock. Scientech Research LLC acquired a new stake in Boxlight Corporation (NASDAQ:BOXL – Free Report) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 13,829 shares of the company’s stock, valued at approximately $33,000. Scientech Research LLC owned 0.52% of Boxlight as of its most recent SEC filing. 6.49% of the stock is currently owned by institutional investors.

Boxlight Company Profile

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Boxlight Corporation (NASDAQ: BOXL) is a technology company specializing in interactive display solutions and collaborative learning systems. The company designs, manufactures and distributes a range of hardware and software products aimed at enhancing engagement in educational and corporate environments. Boxlight’s portfolio includes interactive flat-panel displays, digital whiteboards, ultra-short-throw projectors and touch-enabled accessories that facilitate hands-on instruction and group collaboration.

Complementing its hardware offerings, Boxlight provides proprietary software platforms such as ClassFlow, which enable cloud-based lesson delivery, real-time assessment and content management.

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