- The company reported another beat-and-raise quarter last week.
- Business is firing on all cylinders with strong demand across all regions and product lines.
- Gross margins continue to be hampered by increased freight costs and longer lead times are putting some pressure on working capital.
- Discussing ongoing convertible notes dilution and the requirement to redeem the company's preferred stock until year-end.
- Investors should use any weakness to initiate or add to existing positions. Raising price target to $5 for more than 100% upside from current levels.
For further details see:
Boxlight Corporation: Business Is Firing On All Cylinders - Buy