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

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

Boxlight Reports First Quarter 2018 Financial Results

May 15, 2018 4:47 PM EDT

LAWRENCEVILLE, Ga.--(BUSINESS WIRE)-- Boxlight Corporation (Nasdaq: BOXL) (Boxlight), a leading provider of technology solutions for the global learning market, today announced the Company's financial results for the first quarter ended March 31, 2018.

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... More