Boxlight (BOXL) Trims Expected IPO Offering Size

Boxlight (Nasdaq: BOXL) filed an amended registration with the U.S. SEC for an IPO of its common stock. The company plans to offer 333,333 shares and still sees an offering price of $8 - $10 per share. The company was previously planning to offer 777,778 shares.

The underwriter on the offering is Merriman Capital, Inc.

Financial commentary: For the nine months ended September 30, 2015, Boxlight incurred a consolidated loss of approximately $1,217,000 on consolidated revenues of approximately $19,109,000. For the nine months ended September 30, 2015, Globisens incurred a net loss of approximately $204,000 on total revenues of $1,376,000. For the nine months ended September 30, 2015, Genesis incurred a loss of approximately $308,000 on total revenues of $1,254,000. For the nine months ended September 30, 2015, Boxlight Parent incurred a loss of approximately $813,000 on total revenues of $0. For its fiscal year ended December 31, 2014, Boxlight incurred a consolidated loss of $1,036,000 on consolidated revenues of $24,898,000. For its fiscal year ended December 31, 2014, Globisens earned $16,000 on total revenues of $1,814,000. For its fiscal year ended December 31, 2014, Genesis incurred a loss of $412,000 on total revenues of $2,903,000. For its fiscal year ended December 31, 2014, Boxlight Parent incurred a loss of $675,000 on total revenues of $0.

Boxlight Parent was incorporated in Nevada on September 18, 2014 for the purpose of becoming a technology company that sells interactive educational products

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