- Transformative acquisition of UK-based Sahara Presentation Systems has resulted in the company outperforming sales expectations by a wide margin for a second consecutive quarter.
- Record order intake bodes well for the remainder of the year. Company likely to materially outperform current consensus expectations.
- Raising price target by 60% to $4 on strong sales momentum and expectations for substantial margin improvement over time.
- Discussing potential overhang from the recent share redemption and conversion agreement with former owners of Sahara.
- Buy with both hands for approximately 60% short-term upside and don't hesitate to add on weakness.
For further details see:
Boxlight Corporation: Buy With Both Hands After Impressive Q1 Sales Performance