BOXL - Boxlight reports mixed Q3 earnings; narrows FY22 guidance below estimates

• Boxlight press release ( NASDAQ: BOXL ): Q3 GAAP EPS of $0.03 beats by $0.01 .
• Revenue of $68.7M (+12.6% Y/Y) misses by $3.32M .
• Adjusted EBITDA increased by $2.7 million to $9.9 million
• Ended quarter with $22.0 million in Cash, $62.3 million in Working Capital and $46.8 million in Stockholders’ Equity.
• Expect Q4 2022 Revenue of $48 million vs. consensus of $67.90M and Adjusted EBITDA of $2 million.
• Expect Full Year 2022 Revenue of $227 million vs. consensus of $250.15M and Adjusted EBITDA of $18 million.

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