BOXL - Boxlight beats Q1 top and bottom line estimates; initiates Q2 outlook
2023-05-10 16:41:12 ET
- Boxlight press release ( NASDAQ: BOXL ): Q1 GAAP EPS of -$0.04 beats by $0.01 .
- Revenue of $41.2M (-18.6% Y/Y) beats by $1.24M .
- Gross profit margin improved by 1,190 basis points to 36.8%.
- Adjusted EBITDA increased by $2.1 million to $3.3 million for the quarter.
- Ended quarter with $11.3 million in Cash, $61.6 million in Working Capital and $49.8 million in Stockholders’ Equity.
- Expect Q2 2023 Revenue of $50 million vs. consensus of $57.36M and Adjusted EBITDA of $4 million.
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Boxlight beats Q1 top and bottom line estimates; initiates Q2 outlook