Boxlight Reports First Quarter 2018 Financial Results

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Go back to Boxlight Reports First Quarter 2018 Financial Results

Boxlight Corporation (BOXL) Reports Q1 Loss of $0.20 on Revenues of $6M

May 15, 2018 4:51 PM EDT

Boxlight Corporation (NASDAQ: BOXL) reported Q1 EPS of ($0.20). Revenue for the quarter came in at $6 million.

First Quarter 2018 Financial Highlights

Revenue of $6.0 million increased 43.0% from $4.2 million in the first quarter of 2017.Gross profit of $1.5 million increased 23.4% from $1.2 million in the first quarter of 2017. Gross margin was 24.7% compared to 28.6% in the first quarter of 2017.Operating expenses of $3.3 million increased 23.5% from $2.6 million in the first quarter of 2017. Loss from operations was $(1.8) million, compared to a... More