Boxlight Corporation (BOXL) 10-Year Financial Performance & Capital Metrics

BOXL • • Industrial / General

TechnologyCommunication EquipmentEnterprise Networking & Unified CommunicationsUnified Communications & Collaboration

AboutBoxlight Corporation develops, sells, and services interactive classroom technology products and solutions for the K-12 education market worldwide. The company provides interactive and non-interactive projectors, interactive flat panel displays, interactive touch projectors, touchboards, and MimioTeach that could turn any whiteboard interactive; and accessory document cameras, teacher pads for remote control, and assessment systems under the Mimio and Clevertouch brands. It also offers MimioStudio Interactive Instructional software that enables the creation, editing, and presentation of interactive instructional lessons and activities; MimioMobile, a software accessory for MimioStudio; Oktopus Instructional and Whiteboarding software that enables the creation, editing, and presentation of interactive instructional lessons and activities; Notes+, a software accessory for use with Oktopus software; and GameZones and MimioInteract, which are multi-student interactive gaming software. In addition, the company provides MimioClarity, a classroom audio solution; Mimio MyBot system that bridges the gap between learning about robotics in the classroom and the application of robotics; Robo3D printers; MyStemKits, which offers standards-driven lesson plans for grades K-12 math and science teachers; MimioView document camera; MimioVote, a student assessment system; and MimioPad, a wireless pen tablet, as well as peripherals and accessories, such as amplified speaker systems, mobile carts, installation accessories, and wall-mount accessories for interactive and standard projectors, and LED flat panels. Further, it offers classroom training, professional development, and educator certification services. The company was formerly known as Logical Choice Corporation. Boxlight Corporation was founded in 1985 and is headquartered in Lawrenceville, Georgia.Show more

Revenue $136M -23.1%
EBITDA $1M +106.1%
Net Income -$28M +27.6%
EPS (Diluted) -12.59 +41.2%
Gross Margin 34.54% -3.6%
EBITDA Margin 0.78% +107.9%
Operating Margin -14.33% +3.7%
Net Margin -20.85% +5.9%
ROE -175.1% -117.2%
ROIC -28.64% -18.7%
Debt/Equity -
Interest Coverage -1.90 +21.7%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Strong 5Y sales CAGR of 32.7%
✓Efficient asset utilization: 1.2x turnover

✗Weaknesses

✗Weak Piotroski F-Score: 3/9
✗Negative free cash flow
✗Low quality earnings: Net income not backed by cash flow
✗Shares diluted 19.0% in last year
✗Trading more than 30% below 52-week high

Price & Volume

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Growth Metrics

Revenue CAGR

10Y46.91%

5Y32.7%

3Y-9.8%

TTM-29.26%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM-5.3%

EPS CAGR

10Y-

5Y-

3Y-

TTM12.43%

ROCE

10Y Avg464.46%

5Y Avg-14.17%

3Y Avg-14.69%

Latest-25.86%

Peer Comparison

Unified Communications & Collaboration

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
HLITHarmonic Inc.	1.15B	10.22	30.97	11.65%	7.81%	11.2%	4.6%	0.32
AUDCAudioCodes Ltd.	248.06M	8.65	17.30	-0.9%	5.65%	7.96%	4.42%	0.19
BOXLBoxlight Corporation	1.25M	1.31	-0.10	-23.1%	-28.94%	-341.07%
MITQMoving iMage Technologies, Inc.	7.65M	0.77	-8.05	-9.89%	-2.24%	-7.7%	5.71%	0.24
CLROClearOne, Inc.	15.6M	6.97	-18.84	-39.13%	-324.91%	-6.75%		0.04

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	3.38M	20.37M	25.74M	37.84M	33.03M	54.89M	185.18M	221.78M	176.72M	135.89M
Revenue Growth %	0.16%	5.03%	0.26%	0.47%	-0.13%	0.66%	2.37%	0.2%	-0.2%	-0.23%
Cost of Goods Sold+	2.28M	12.96M	19.33M	29.19M	24.09M	45.02M	138.65M	156.91M	113.42M	88.95M
COGS % of Revenue	0.67%	0.64%	0.75%	0.77%	0.73%	0.82%	0.75%	0.71%	0.64%	0.65%
Gross Profit+	1.1M	7.41M	6.41M	8.65M	8.94M	9.87M	46.52M	64.87M	63.3M	46.94M
Gross Margin %	0.33%	0.36%	0.25%	0.23%	0.27%	0.18%	0.25%	0.29%	0.36%	0.35%
Gross Profit Growth %	0.65%	5.74%	-0.13%	0.35%	0.03%	0.1%	3.71%	0.39%	-0.02%	-0.26%
Operating Expenses+	3.15M	8.7M	13.55M	15.65M	17M	22.58M	49.1M	61.82M	89.6M	66.41M
OpEx % of Revenue	0.93%	0.43%	0.53%	0.41%	0.51%	0.41%	0.27%	0.28%	0.51%	0.49%
Selling, General & Admin	2.94M	7.69M	13.09M	14.98M	15.77M	21.16M	47.27M	59.34M	61.25M	62.28M
SG&A % of Revenue	0.87%	0.38%	0.51%	0.4%	0.48%	0.39%	0.26%	0.27%	0.35%	0.46%
Research & Development	208.16K	1.01M	465.94K	671.65K	1.23M	1.42M	1.83M	2.48M	3.15M	4.13M
R&D % of Revenue	0.06%	0.05%	0.02%	0.02%	0.04%	0.03%	0.01%	0.01%	0.02%	0.03%
Other Operating Expenses	0	0	0	0	0	0	0	0	25.2M	0
Operating Income+	2.05M	1.29M	-7.14M	-7M	-8.06M	-12.71M	-2.57M	3.05M	-26.3M	-19.47M
Operating Margin %	0.61%	0.06%	-0.28%	-0.18%	-0.24%	-0.23%	-0.01%	0.01%	-0.15%	-0.14%
Operating Income Growth %	0.92%	-0.37%	-6.55%	0.02%	-0.15%	-0.58%	0.8%	2.19%	-9.63%	0.26%
EBITDA+	-1.94M	1.64M	-6.39M	-6.1M	-7.15M	-10.1M	4.6M	12.18M	-17.44M	1.06M
EBITDA Margin %	-0.57%	0.08%	-0.25%	-0.16%	-0.22%	-0.18%	0.02%	0.05%	-0.1%	0.01%
EBITDA Growth %	-0.82%	1.85%	-4.9%	0.04%	-0.17%	-0.41%	1.46%	1.65%	-2.43%	1.06%
D&A (Non-Cash Add-back)	-3.99M	353.39K	747.21K	892.84K	909K	2.61M	7.17M	9.13M	8.86M	20.53M
EBIT	-2.05M	-1.24M	-5.9M	-6.34M	-7.61M	-14.16M	-7.11M	6.23M	-26.45M	-19.99M
Net Interest Income+	-98.51K	-818.23K	-635.45K	-841.79K	-1.79M	-2.81M	-3.38M	-9.92M	-10.84M	-10.25M
Interest Income	0	0	0	0	0	0	0	0	0	0
Interest Expense	98.51K	818.23K	635.45K	841.79K	1.79M	2.81M	3.38M	9.92M	10.84M	10.25M
Other Income/Expense	-4.31M	-775.73K	702.47K	-181.32K	-1.34M	-4.26M	-7.92M	-6.74M	-10.99M	-10.77M
Pretax Income+	-2.26M	-2.06M	-7.3M	-7.18M	-9.4M	-16.97M	-10.49M	-3.69M	-37.29M	-30.24M
Pretax Margin %	-0.67%	-0.1%	-0.28%	-0.19%	-0.28%	-0.31%	-0.06%	-0.02%	-0.21%	-0.22%
Income Tax+	0	775.73K	635.45K	0	0	-821K	3.31M	49K	1.87M	-1.91M
Effective Tax Rate %	1%	1%	1%	1%	1%	0.95%	1.32%	1.01%	1.05%	0.94%
Net Income+	-2.26M	-2.06M	-7.3M	-7.18M	-9.4M	-16.15M	-13.8M	-3.74M	-39.16M	-28.34M
Net Margin %	-0.67%	-0.1%	-0.28%	-0.19%	-0.28%	-0.29%	-0.07%	-0.02%	-0.22%	-0.21%
Net Income Growth %	-1.08%	0.09%	-2.54%	0.02%	-0.31%	-0.72%	0.15%	0.73%	-9.46%	0.28%
Net Income (Continuing)	-2.26M	-2.06M	-6.54M	-7.18M	-9.4M	-16.15M	-13.8M	-3.74M	-39.16M	-28.34M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0
EPS (Diluted)+	-22.15	-19.20	-53.50	-28.95	-42.65	-15.30	-9.40	-2.15	-21.40	-12.59
EPS Growth %	-0.82%	0.13%	-1.79%	0.46%	-0.47%	0.64%	0.39%	0.77%	-8.95%	0.41%
EPS (Basic)	-22.15	-19.20	-53.50	-28.95	-42.65	-15.30	-9.40	-2.15	-21.40	-12.59
Diluted Shares Outstanding	102.09K	107.48K	136.38K	248.05K	267.24K	1.05M	1.47M	1.73M	1.89M	2.25M
Basic Shares Outstanding	102.09K	107.48K	136.38K	248.05K	267.24K	1.05M	1.47M	1.73M	1.89M	2.25M
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-	-

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	6M	8.01M	10.11M	9.96M	9.92M	61.4M	108.55M	111.24M	100.38M	78.38M
Cash & Short-Term Investments	994.1K	456.5K	2.01M	901.46K	1.17M	13.46M	17.94M	14.59M	17.25M	8.01M
Cash Only	994.1K	456.5K	2.01M	901.46K	1.17M	13.46M	17.94M	14.59M	17.25M	8.01M
Short-Term Investments	0	0	0	0	0	0	0	0	0	0
Accounts Receivable	1.13M	2.95M	3.09M	3.64M	3.67M	20.96M	29.57M	31.01M	29.52M	18.32M
Days Sales Outstanding	122.3	52.81	43.81	35.08	40.6	139.4	58.29	51.03	60.98	49.22
Inventory	3.55M	4.16M	4.63M	4.21M	3.32M	20.91M	51.59M	58.21M	44.13M	43.27M
Days Inventory Outstanding	569.03	117.28	87.36	52.7	50.29	169.54	135.81	135.41	142.02	177.53
Other Current Assets	67.21K	382.29K	335.09K	1.04M	1K	0	1.71M	3.3M	6.29M	6.57M
Total Non-Current Assets+	235.16K	11.11M	10.34M	11.3M	10.55M	78.55M	92.89M	84.15M	58.19M	36.92M
Property, Plant & Equipment	0	60.04K	29.75K	226.41K	207K	562K	1.07M	6.08M	11.32M	10.19M
Fixed Asset Turnover	-	339.30x	865.27x	167.14x	159.57x	97.67x	172.58x	36.46x	15.61x	13.34x
Goodwill	44.93K	4.18M	4.18M	4.72M	4.72M	22.74M	26.04M	25.09M	0	0
Intangible Assets	179.72K	6.83M	6.13M	6.35M	5.56M	55.16M	65.53M	52.58M	45.96M	25.94M
Long-Term Investments	1.98K	325	325	225	0	0	0	0	0	0
Other Non-Current Assets	8.53K	33.26K	292	298	56K	90K	248K	397K	906K	790K
Total Assets+	6.24M	19.12M	20.45M	21.27M	20.47M	139.95M	201.44M	195.4M	158.57M	115.31M
Asset Turnover	0.54x	1.07x	1.26x	1.78x	1.61x	0.39x	0.92x	1.14x	1.11x	1.18x
Asset Growth %	16502.01%	2.07%	0.07%	0.04%	-0.04%	5.84%	0.44%	-0.03%	-0.19%	-0.27%
Total Current Liabilities+	6.2M	12.67M	9.37M	12.56M	17.21M	40.39M	54.75M	48.48M	46.23M	77.04M
Accounts Payable	5.1M	8.21M	6.89M	7.29M	9.75M	12.67M	25.71M	30.72M	27.45M	20.7M
Days Payables Outstanding	817.38	231.17	130.19	91.15	147.78	102.72	67.69	71.46	88.33	84.95
Short-Term Debt	1.02M	3.72M	856.45K	2.68M	4.9M	16.82M	9.8M	845K	1.04M	37.15M
Deferred Revenue (Current)	616.84K	495.6K	1000K	938.05K	1000K	1000K	1000K	1000K	1000K	1000K
Other Current Liabilities	10.69K	251.54K	1.86M	1.05M	191K	1.57M	3.73M	858K	2.12M	4.68M
Current Ratio	0.97x	0.63x	1.08x	0.79x	0.58x	1.52x	1.98x	2.29x	2.17x	1.02x
Quick Ratio	0.40x	0.30x	0.59x	0.46x	0.38x	1.00x	1.04x	1.09x	1.22x	0.46x
Cash Conversion Cycle	-126.05	-61.08	0.98	-3.38	-56.89	206.22	126.41	114.98	114.67	141.8
Total Non-Current Liabilities+	0	4.33M	175.29K	736.3K	3.91M	55.09M	93.39M	95.03M	95.59M	51.16M
Long-Term Debt	0	4.06M	0	328K	1.31M	7.83M	42.14M	43.78M	39.13M	0
Capital Lease Obligations	0	0	0	0	0	0	0	2.46M	7.28M	6.43M
Deferred Tax Liabilities	0	-4.06B	0	0	0	7.9M	8.45M	4.68M	4.32M	901K
Other Non-Current Liabilities	0	0	0	273.33K	16K	28.88M	28.85M	28.51M	28.51M	28.67M
Total Liabilities	6.2M	17.01M	9.55M	13.3M	21.12M	95.48M	148.13M	143.5M	113.31M	128.2M
Total Debt+	1.02M	7.78M	856.45K	3.01M	6.21M	24.65M	51.94M	48.98M	49.28M	45.59M
Net Debt	20.97K	7.32M	-1.15M	2.11M	5.04M	11.19M	34M	34.39M	32.03M	37.59M
Debt / Equity	24.57x	3.68x	0.08x	0.38x	-	0.55x	0.97x	0.94x	1.09x	-
Debt / EBITDA	-	4.74x	-	-	-	-	11.28x	4.02x	-	43.05x
Net Debt / EBITDA	-	4.47x	-	-	-	-	7.39x	2.82x	-	35.49x
Interest Coverage	20.81x	1.57x	-11.23x	-8.31x	-4.49x	-4.51x	-0.76x	0.31x	-2.43x	-1.90x
Total Equity+	41.31K	2.11M	10.91M	7.97M	-647K	44.47M	53.3M	51.89M	45.26M	-12.9M
Equity Growth %	1.06%	50.18%	4.16%	-0.27%	-1.08%	69.73%	0.2%	-0.03%	-0.13%	-1.28%
Book Value per Share	0.40	19.67	79.98	32.12	-2.42	42.15	36.23	30.02	23.93	-5.73
Total Shareholders' Equity	41.31K	2.11M	10.91M	7.97M	-647K	44.47M	53.3M	51.89M	45.26M	-12.9M
Common Stock	418	461	956	1.02K	1K	6K	6K	1K	1K	0
Retained Earnings	-3.43M	-5.49M	-12.79M	-19.21M	-31.35M	-47.5M	-61.3M	-65.04M	-104.28M	-132.61M
Treasury Stock	0	0	-23.74M	0	0	0	0	0	0	0
Accumulated OCI	-1.42M	-12.92K	-47.85K	-106.42K	-38K	5.19M	3.73M	-914K	1.3M	227K
Minority Interest	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	215.57K	2.37M	-1.34M	-3.77M	-4.26M	-4.66M	-2.33M	1.19M	11.58M	-439K
Operating CF Margin %	0.06%	0.12%	-0.05%	-0.1%	-0.13%	-0.08%	-0.01%	0.01%	0.07%	-0%
Operating CF Growth %	1.53%	10%	-1.57%	-1.81%	-0.13%	-0.09%	0.5%	1.51%	8.73%	-1.04%
Net Income	-2.26M	-2.06M	-7.3M	-7.18M	-9.4M	-16.15M	-13.8M	-3.74M	-39.16M	-28.34M
Depreciation & Amortization	0	353.39K	747.21K	885.7K	908.99K	2.61M	7.17M	9.13M	8.86M	20.53M
Stock-Based Compensation	65	464.32K	4.24M	2.02M	1.19M	1.64M	4.06M	3.31M	3.13M	1.39M
Deferred Taxes	0	509.4K	0	-230.02K	-424.55K	-1.48M	788K	-3.78M	-347K	-3.42M
Other Non-Cash Items	12.97K	350K	184.15K	4.42K	456.06K	4.1M	7.9M	-767K	31.05M	3.44M
Working Capital Changes	2.46M	2.76M	781.7K	722.38K	3.01M	4.62M	-8.45M	-2.97M	8.04M	5.96M
Change in Receivables	1.52M	-909.47K	-464.66K	-72.88K	142.3K	-212K	-6.43M	-3.8M	763K	13.96M
Change in Inventory	283.87K	2.65M	-596.65K	836.38K	1.3M	795K	-21M	-10.27M	13.11M	631K
Change in Payables	490.09K	1.01M	1.23M	183.34K	1.46M	1.12M	0	0	0	-8.49M
Cash from Investing+	8.37K	366.61K	-10K	900.2K	6.65K	-45.32M	-34.01M	-1.21M	-1.32M	-506K
Capital Expenditures	0	0	-10K	-410.14K	-3.61K	-265K	-285K	-1.11M	-1.32M	-506K
CapEx % of Revenue	-	-	0%	0.01%	0%	0%	0%	0%	0.01%	0%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	8.37K	9.03K	-10K	0	0	0	-119K	-100K	0	0
Cash from Financing+	737.77K	-3.29M	2.93M	1.78M	4.46M	65.58M	41.15M	-5.13M	-8.01M	-7.14M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	0	-814.63K	0	0	0	-338K	-1.27M	-1.27M	-1.27M	-1.27M
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	50.17K	1.75K	2.93M	420.1K	-237.06K	-20K	-3.82M	0	13K	0
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	215.57K	2.37M	-1.35M	-4.18M	-4.27M	-4.93M	-2.62M	84K	10.26M	-945K
FCF Margin %	0.06%	0.12%	-0.05%	-0.11%	-0.13%	-0.09%	-0.01%	0%	0.06%	-0.01%
FCF Growth %	1.53%	10%	-1.57%	-2.09%	-0.02%	-0.16%	0.47%	1.03%	121.14%	-1.09%
FCF per Share	2.11	22.05	-9.92	-16.87	-15.97	-4.67	-1.78	0.05	5.43	-0.42
FCF Conversion (FCF/Net Income)	-0.10x	-1.15x	0.18x	0.53x	0.45x	0.29x	0.17x	-0.32x	-0.30x	0.02x
Interest Paid	0	0	0	0	0	542K	1.5M	8.34M	8.29M	7.17M
Taxes Paid	0	0	0	0	0	2.32M	1.48M	1.61M	2.69M	3.19M

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	-5469.08%	-191.32%	-112.07%	-76.05%	-256.85%	-73.72%	-28.23%	-7.12%	-80.61%	-175.1%
Return on Invested Capital (ROIC)	-	20.31%	-55.8%	-52.92%	-83.54%	-31.74%	-2.7%	2.63%	-24.12%	-28.64%
Gross Margin	32.58%	36.38%	24.91%	22.87%	27.07%	17.98%	25.12%	29.25%	35.82%	34.54%
Net Margin	-66.89%	-10.12%	-28.35%	-18.97%	-28.46%	-29.43%	-7.45%	-1.69%	-22.16%	-20.85%
Debt / Equity	24.57x	3.68x	0.08x	0.38x	-	0.55x	0.97x	0.94x	1.09x	-
Interest Coverage	20.81x	1.57x	-11.23x	-8.31x	-4.49x	-4.51x	-0.76x	0.31x	-2.43x	-1.90x
FCF Conversion	-0.10x	-1.15x	0.18x	0.53x	0.45x	0.29x	0.17x	-0.32x	-0.30x	0.02x
Revenue Growth	16.34%	503.2%	26.37%	46.99%	-12.71%	66.19%	237.35%	19.77%	-20.32%	-23.1%

Revenue by Segment

	2020	2022	2023	2024
Hardware	-	-	163.95M	124.38M
Hardware Growth	-	-	-	-24.14%
Professional services	-	-	1.48M	903K
Professional services Growth	-	-	-	-38.99%
Bill and hold arrangements	-	3.2M	-	-
Bill and hold arrangements Growth	-	-	-	-
Product and Services	54.89M	-	-	-
Product and Services Growth	-	-	-	-

Revenue by Geography

	2020	2022	2023	2024
Europe, Middle East and Africa	-	-	88.26M	73.86M
Europe, Middle East and Africa Growth	-	-	-	-16.31%

Frequently Asked Questions

Growth & Financials

Boxlight Corporation (BOXL) reported $106.6M in revenue for fiscal year 2024. This represents a 3573% increase from $2.9M in 2014.

Boxlight Corporation (BOXL) saw revenue decline by 23.1% over the past year.

Boxlight Corporation (BOXL) reported a net loss of $30.9M for fiscal year 2024.

Dividend & Returns

Yes, Boxlight Corporation (BOXL) pays a dividend with a yield of 43.06%. This makes it attractive for income-focused investors.

Boxlight Corporation (BOXL) has a return on equity (ROE) of -175.1%. Negative ROE indicates the company is unprofitable.

Boxlight Corporation (BOXL) had negative free cash flow of $0.5M in fiscal year 2024, likely due to heavy capital investments.

US Stock Screener

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Boxlight Corporation (BOXL) 10-Year Financial Performance & Capital Metrics

BOXL • • Industrial / General

TechnologyCommunication EquipmentEnterprise Networking & Unified CommunicationsUnified Communications & Collaboration

Revenue $136M -23.1%
EBITDA $1M +106.1%
Net Income -$28M +27.6%
EPS (Diluted) -12.59 +41.2%
Gross Margin 34.54% -3.6%
EBITDA Margin 0.78% +107.9%
Operating Margin -14.33% +3.7%
Net Margin -20.85% +5.9%
ROE -175.1% -117.2%
ROIC -28.64% -18.7%
Debt/Equity -
Interest Coverage -1.90 +21.7%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Strong 5Y sales CAGR of 32.7%
✓Efficient asset utilization: 1.2x turnover

✗Weaknesses

✗Weak Piotroski F-Score: 3/9
✗Negative free cash flow
✗Low quality earnings: Net income not backed by cash flow
✗Shares diluted 19.0% in last year
✗Trading more than 30% below 52-week high

Price & Volume

Loading chart...

Growth Metrics

Revenue CAGR

10Y46.91%

5Y32.7%

3Y-9.8%

TTM-29.26%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM-5.3%

EPS CAGR

10Y-

5Y-

3Y-

TTM12.43%

ROCE

10Y Avg464.46%

5Y Avg-14.17%

3Y Avg-14.69%

Latest-25.86%

Peer Comparison

Unified Communications & Collaboration

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
HLITHarmonic Inc.	1.15B	10.22	30.97	11.65%	7.81%	11.2%	4.6%	0.32
AUDCAudioCodes Ltd.	248.06M	8.65	17.30	-0.9%	5.65%	7.96%	4.42%	0.19
BOXLBoxlight Corporation	1.25M	1.31	-0.10	-23.1%	-28.94%	-341.07%
MITQMoving iMage Technologies, Inc.	7.65M	0.77	-8.05	-9.89%	-2.24%	-7.7%	5.71%	0.24
CLROClearOne, Inc.	15.6M	6.97	-18.84	-39.13%	-324.91%	-6.75%		0.04

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	3.38M	20.37M	25.74M	37.84M	33.03M	54.89M	185.18M	221.78M	176.72M	135.89M
Revenue Growth %	0.16%	5.03%	0.26%	0.47%	-0.13%	0.66%	2.37%	0.2%	-0.2%	-0.23%
Cost of Goods Sold+	2.28M	12.96M	19.33M	29.19M	24.09M	45.02M	138.65M	156.91M	113.42M	88.95M
COGS % of Revenue	0.67%	0.64%	0.75%	0.77%	0.73%	0.82%	0.75%	0.71%	0.64%	0.65%
Gross Profit+	1.1M	7.41M	6.41M	8.65M	8.94M	9.87M	46.52M	64.87M	63.3M	46.94M
Gross Margin %	0.33%	0.36%	0.25%	0.23%	0.27%	0.18%	0.25%	0.29%	0.36%	0.35%
Gross Profit Growth %	0.65%	5.74%	-0.13%	0.35%	0.03%	0.1%	3.71%	0.39%	-0.02%	-0.26%
Operating Expenses+	3.15M	8.7M	13.55M	15.65M	17M	22.58M	49.1M	61.82M	89.6M	66.41M
OpEx % of Revenue	0.93%	0.43%	0.53%	0.41%	0.51%	0.41%	0.27%	0.28%	0.51%	0.49%
Selling, General & Admin	2.94M	7.69M	13.09M	14.98M	15.77M	21.16M	47.27M	59.34M	61.25M	62.28M
SG&A % of Revenue	0.87%	0.38%	0.51%	0.4%	0.48%	0.39%	0.26%	0.27%	0.35%	0.46%
Research & Development	208.16K	1.01M	465.94K	671.65K	1.23M	1.42M	1.83M	2.48M	3.15M	4.13M
R&D % of Revenue	0.06%	0.05%	0.02%	0.02%	0.04%	0.03%	0.01%	0.01%	0.02%	0.03%
Other Operating Expenses	0	0	0	0	0	0	0	0	25.2M	0
Operating Income+	2.05M	1.29M	-7.14M	-7M	-8.06M	-12.71M	-2.57M	3.05M	-26.3M	-19.47M
Operating Margin %	0.61%	0.06%	-0.28%	-0.18%	-0.24%	-0.23%	-0.01%	0.01%	-0.15%	-0.14%
Operating Income Growth %	0.92%	-0.37%	-6.55%	0.02%	-0.15%	-0.58%	0.8%	2.19%	-9.63%	0.26%
EBITDA+	-1.94M	1.64M	-6.39M	-6.1M	-7.15M	-10.1M	4.6M	12.18M	-17.44M	1.06M
EBITDA Margin %	-0.57%	0.08%	-0.25%	-0.16%	-0.22%	-0.18%	0.02%	0.05%	-0.1%	0.01%
EBITDA Growth %	-0.82%	1.85%	-4.9%	0.04%	-0.17%	-0.41%	1.46%	1.65%	-2.43%	1.06%
D&A (Non-Cash Add-back)	-3.99M	353.39K	747.21K	892.84K	909K	2.61M	7.17M	9.13M	8.86M	20.53M
EBIT	-2.05M	-1.24M	-5.9M	-6.34M	-7.61M	-14.16M	-7.11M	6.23M	-26.45M	-19.99M
Net Interest Income+	-98.51K	-818.23K	-635.45K	-841.79K	-1.79M	-2.81M	-3.38M	-9.92M	-10.84M	-10.25M
Interest Income	0	0	0	0	0	0	0	0	0	0
Interest Expense	98.51K	818.23K	635.45K	841.79K	1.79M	2.81M	3.38M	9.92M	10.84M	10.25M
Other Income/Expense	-4.31M	-775.73K	702.47K	-181.32K	-1.34M	-4.26M	-7.92M	-6.74M	-10.99M	-10.77M
Pretax Income+	-2.26M	-2.06M	-7.3M	-7.18M	-9.4M	-16.97M	-10.49M	-3.69M	-37.29M	-30.24M
Pretax Margin %	-0.67%	-0.1%	-0.28%	-0.19%	-0.28%	-0.31%	-0.06%	-0.02%	-0.21%	-0.22%
Income Tax+	0	775.73K	635.45K	0	0	-821K	3.31M	49K	1.87M	-1.91M
Effective Tax Rate %	1%	1%	1%	1%	1%	0.95%	1.32%	1.01%	1.05%	0.94%
Net Income+	-2.26M	-2.06M	-7.3M	-7.18M	-9.4M	-16.15M	-13.8M	-3.74M	-39.16M	-28.34M
Net Margin %	-0.67%	-0.1%	-0.28%	-0.19%	-0.28%	-0.29%	-0.07%	-0.02%	-0.22%	-0.21%
Net Income Growth %	-1.08%	0.09%	-2.54%	0.02%	-0.31%	-0.72%	0.15%	0.73%	-9.46%	0.28%
Net Income (Continuing)	-2.26M	-2.06M	-6.54M	-7.18M	-9.4M	-16.15M	-13.8M	-3.74M	-39.16M	-28.34M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0
EPS (Diluted)+	-22.15	-19.20	-53.50	-28.95	-42.65	-15.30	-9.40	-2.15	-21.40	-12.59
EPS Growth %	-0.82%	0.13%	-1.79%	0.46%	-0.47%	0.64%	0.39%	0.77%	-8.95%	0.41%
EPS (Basic)	-22.15	-19.20	-53.50	-28.95	-42.65	-15.30	-9.40	-2.15	-21.40	-12.59
Diluted Shares Outstanding	102.09K	107.48K	136.38K	248.05K	267.24K	1.05M	1.47M	1.73M	1.89M	2.25M
Basic Shares Outstanding	102.09K	107.48K	136.38K	248.05K	267.24K	1.05M	1.47M	1.73M	1.89M	2.25M
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-	-

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	6M	8.01M	10.11M	9.96M	9.92M	61.4M	108.55M	111.24M	100.38M	78.38M
Cash & Short-Term Investments	994.1K	456.5K	2.01M	901.46K	1.17M	13.46M	17.94M	14.59M	17.25M	8.01M
Cash Only	994.1K	456.5K	2.01M	901.46K	1.17M	13.46M	17.94M	14.59M	17.25M	8.01M
Short-Term Investments	0	0	0	0	0	0	0	0	0	0
Accounts Receivable	1.13M	2.95M	3.09M	3.64M	3.67M	20.96M	29.57M	31.01M	29.52M	18.32M
Days Sales Outstanding	122.3	52.81	43.81	35.08	40.6	139.4	58.29	51.03	60.98	49.22
Inventory	3.55M	4.16M	4.63M	4.21M	3.32M	20.91M	51.59M	58.21M	44.13M	43.27M
Days Inventory Outstanding	569.03	117.28	87.36	52.7	50.29	169.54	135.81	135.41	142.02	177.53
Other Current Assets	67.21K	382.29K	335.09K	1.04M	1K	0	1.71M	3.3M	6.29M	6.57M
Total Non-Current Assets+	235.16K	11.11M	10.34M	11.3M	10.55M	78.55M	92.89M	84.15M	58.19M	36.92M
Property, Plant & Equipment	0	60.04K	29.75K	226.41K	207K	562K	1.07M	6.08M	11.32M	10.19M
Fixed Asset Turnover	-	339.30x	865.27x	167.14x	159.57x	97.67x	172.58x	36.46x	15.61x	13.34x
Goodwill	44.93K	4.18M	4.18M	4.72M	4.72M	22.74M	26.04M	25.09M	0	0
Intangible Assets	179.72K	6.83M	6.13M	6.35M	5.56M	55.16M	65.53M	52.58M	45.96M	25.94M
Long-Term Investments	1.98K	325	325	225	0	0	0	0	0	0
Other Non-Current Assets	8.53K	33.26K	292	298	56K	90K	248K	397K	906K	790K
Total Assets+	6.24M	19.12M	20.45M	21.27M	20.47M	139.95M	201.44M	195.4M	158.57M	115.31M
Asset Turnover	0.54x	1.07x	1.26x	1.78x	1.61x	0.39x	0.92x	1.14x	1.11x	1.18x
Asset Growth %	16502.01%	2.07%	0.07%	0.04%	-0.04%	5.84%	0.44%	-0.03%	-0.19%	-0.27%
Total Current Liabilities+	6.2M	12.67M	9.37M	12.56M	17.21M	40.39M	54.75M	48.48M	46.23M	77.04M
Accounts Payable	5.1M	8.21M	6.89M	7.29M	9.75M	12.67M	25.71M	30.72M	27.45M	20.7M
Days Payables Outstanding	817.38	231.17	130.19	91.15	147.78	102.72	67.69	71.46	88.33	84.95
Short-Term Debt	1.02M	3.72M	856.45K	2.68M	4.9M	16.82M	9.8M	845K	1.04M	37.15M
Deferred Revenue (Current)	616.84K	495.6K	1000K	938.05K	1000K	1000K	1000K	1000K	1000K	1000K
Other Current Liabilities	10.69K	251.54K	1.86M	1.05M	191K	1.57M	3.73M	858K	2.12M	4.68M
Current Ratio	0.97x	0.63x	1.08x	0.79x	0.58x	1.52x	1.98x	2.29x	2.17x	1.02x
Quick Ratio	0.40x	0.30x	0.59x	0.46x	0.38x	1.00x	1.04x	1.09x	1.22x	0.46x
Cash Conversion Cycle	-126.05	-61.08	0.98	-3.38	-56.89	206.22	126.41	114.98	114.67	141.8
Total Non-Current Liabilities+	0	4.33M	175.29K	736.3K	3.91M	55.09M	93.39M	95.03M	95.59M	51.16M
Long-Term Debt	0	4.06M	0	328K	1.31M	7.83M	42.14M	43.78M	39.13M	0
Capital Lease Obligations	0	0	0	0	0	0	0	2.46M	7.28M	6.43M
Deferred Tax Liabilities	0	-4.06B	0	0	0	7.9M	8.45M	4.68M	4.32M	901K
Other Non-Current Liabilities	0	0	0	273.33K	16K	28.88M	28.85M	28.51M	28.51M	28.67M
Total Liabilities	6.2M	17.01M	9.55M	13.3M	21.12M	95.48M	148.13M	143.5M	113.31M	128.2M
Total Debt+	1.02M	7.78M	856.45K	3.01M	6.21M	24.65M	51.94M	48.98M	49.28M	45.59M
Net Debt	20.97K	7.32M	-1.15M	2.11M	5.04M	11.19M	34M	34.39M	32.03M	37.59M
Debt / Equity	24.57x	3.68x	0.08x	0.38x	-	0.55x	0.97x	0.94x	1.09x	-
Debt / EBITDA	-	4.74x	-	-	-	-	11.28x	4.02x	-	43.05x
Net Debt / EBITDA	-	4.47x	-	-	-	-	7.39x	2.82x	-	35.49x
Interest Coverage	20.81x	1.57x	-11.23x	-8.31x	-4.49x	-4.51x	-0.76x	0.31x	-2.43x	-1.90x
Total Equity+	41.31K	2.11M	10.91M	7.97M	-647K	44.47M	53.3M	51.89M	45.26M	-12.9M
Equity Growth %	1.06%	50.18%	4.16%	-0.27%	-1.08%	69.73%	0.2%	-0.03%	-0.13%	-1.28%
Book Value per Share	0.40	19.67	79.98	32.12	-2.42	42.15	36.23	30.02	23.93	-5.73
Total Shareholders' Equity	41.31K	2.11M	10.91M	7.97M	-647K	44.47M	53.3M	51.89M	45.26M	-12.9M
Common Stock	418	461	956	1.02K	1K	6K	6K	1K	1K	0
Retained Earnings	-3.43M	-5.49M	-12.79M	-19.21M	-31.35M	-47.5M	-61.3M	-65.04M	-104.28M	-132.61M
Treasury Stock	0	0	-23.74M	0	0	0	0	0	0	0
Accumulated OCI	-1.42M	-12.92K	-47.85K	-106.42K	-38K	5.19M	3.73M	-914K	1.3M	227K
Minority Interest	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	215.57K	2.37M	-1.34M	-3.77M	-4.26M	-4.66M	-2.33M	1.19M	11.58M	-439K
Operating CF Margin %	0.06%	0.12%	-0.05%	-0.1%	-0.13%	-0.08%	-0.01%	0.01%	0.07%	-0%
Operating CF Growth %	1.53%	10%	-1.57%	-1.81%	-0.13%	-0.09%	0.5%	1.51%	8.73%	-1.04%
Net Income	-2.26M	-2.06M	-7.3M	-7.18M	-9.4M	-16.15M	-13.8M	-3.74M	-39.16M	-28.34M
Depreciation & Amortization	0	353.39K	747.21K	885.7K	908.99K	2.61M	7.17M	9.13M	8.86M	20.53M
Stock-Based Compensation	65	464.32K	4.24M	2.02M	1.19M	1.64M	4.06M	3.31M	3.13M	1.39M
Deferred Taxes	0	509.4K	0	-230.02K	-424.55K	-1.48M	788K	-3.78M	-347K	-3.42M
Other Non-Cash Items	12.97K	350K	184.15K	4.42K	456.06K	4.1M	7.9M	-767K	31.05M	3.44M
Working Capital Changes	2.46M	2.76M	781.7K	722.38K	3.01M	4.62M	-8.45M	-2.97M	8.04M	5.96M
Change in Receivables	1.52M	-909.47K	-464.66K	-72.88K	142.3K	-212K	-6.43M	-3.8M	763K	13.96M
Change in Inventory	283.87K	2.65M	-596.65K	836.38K	1.3M	795K	-21M	-10.27M	13.11M	631K
Change in Payables	490.09K	1.01M	1.23M	183.34K	1.46M	1.12M	0	0	0	-8.49M
Cash from Investing+	8.37K	366.61K	-10K	900.2K	6.65K	-45.32M	-34.01M	-1.21M	-1.32M	-506K
Capital Expenditures	0	0	-10K	-410.14K	-3.61K	-265K	-285K	-1.11M	-1.32M	-506K
CapEx % of Revenue	-	-	0%	0.01%	0%	0%	0%	0%	0.01%	0%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	8.37K	9.03K	-10K	0	0	0	-119K	-100K	0	0
Cash from Financing+	737.77K	-3.29M	2.93M	1.78M	4.46M	65.58M	41.15M	-5.13M	-8.01M	-7.14M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	0	-814.63K	0	0	0	-338K	-1.27M	-1.27M	-1.27M	-1.27M
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	50.17K	1.75K	2.93M	420.1K	-237.06K	-20K	-3.82M	0	13K	0
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	215.57K	2.37M	-1.35M	-4.18M	-4.27M	-4.93M	-2.62M	84K	10.26M	-945K
FCF Margin %	0.06%	0.12%	-0.05%	-0.11%	-0.13%	-0.09%	-0.01%	0%	0.06%	-0.01%
FCF Growth %	1.53%	10%	-1.57%	-2.09%	-0.02%	-0.16%	0.47%	1.03%	121.14%	-1.09%
FCF per Share	2.11	22.05	-9.92	-16.87	-15.97	-4.67	-1.78	0.05	5.43	-0.42
FCF Conversion (FCF/Net Income)	-0.10x	-1.15x	0.18x	0.53x	0.45x	0.29x	0.17x	-0.32x	-0.30x	0.02x
Interest Paid	0	0	0	0	0	542K	1.5M	8.34M	8.29M	7.17M
Taxes Paid	0	0	0	0	0	2.32M	1.48M	1.61M	2.69M	3.19M

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	-5469.08%	-191.32%	-112.07%	-76.05%	-256.85%	-73.72%	-28.23%	-7.12%	-80.61%	-175.1%
Return on Invested Capital (ROIC)	-	20.31%	-55.8%	-52.92%	-83.54%	-31.74%	-2.7%	2.63%	-24.12%	-28.64%
Gross Margin	32.58%	36.38%	24.91%	22.87%	27.07%	17.98%	25.12%	29.25%	35.82%	34.54%
Net Margin	-66.89%	-10.12%	-28.35%	-18.97%	-28.46%	-29.43%	-7.45%	-1.69%	-22.16%	-20.85%
Debt / Equity	24.57x	3.68x	0.08x	0.38x	-	0.55x	0.97x	0.94x	1.09x	-
Interest Coverage	20.81x	1.57x	-11.23x	-8.31x	-4.49x	-4.51x	-0.76x	0.31x	-2.43x	-1.90x
FCF Conversion	-0.10x	-1.15x	0.18x	0.53x	0.45x	0.29x	0.17x	-0.32x	-0.30x	0.02x
Revenue Growth	16.34%	503.2%	26.37%	46.99%	-12.71%	66.19%	237.35%	19.77%	-20.32%	-23.1%

Revenue by Segment

	2020	2022	2023	2024
Hardware	-	-	163.95M	124.38M
Hardware Growth	-	-	-	-24.14%
Professional services	-	-	1.48M	903K
Professional services Growth	-	-	-	-38.99%
Bill and hold arrangements	-	3.2M	-	-
Bill and hold arrangements Growth	-	-	-	-
Product and Services	54.89M	-	-	-
Product and Services Growth	-	-	-	-

Revenue by Geography

	2020	2022	2023	2024
Europe, Middle East and Africa	-	-	88.26M	73.86M
Europe, Middle East and Africa Growth	-	-	-	-16.31%

Frequently Asked Questions

Growth & Financials

Boxlight Corporation (BOXL) reported $106.6M in revenue for fiscal year 2024. This represents a 3573% increase from $2.9M in 2014.

Boxlight Corporation (BOXL) saw revenue decline by 23.1% over the past year.

Boxlight Corporation (BOXL) reported a net loss of $30.9M for fiscal year 2024.

Dividend & Returns

Yes, Boxlight Corporation (BOXL) pays a dividend with a yield of 43.06%. This makes it attractive for income-focused investors.

Boxlight Corporation (BOXL) has a return on equity (ROE) of -175.1%. Negative ROE indicates the company is unprofitable.

Boxlight Corporation (BOXL) had negative free cash flow of $0.5M in fiscal year 2024, likely due to heavy capital investments.