- Company reported first full quarter after its transformative acquisition of UK-based Sahara Presentation Systems last year.
- Numbers exceeded consensus estimates on both the top- and bottom line. Cash flow from operating activities turned positive but elevated shipping costs will continue to impact gross margins going forward.
- Management provided guidance well ahead of expectations for the company's seasonally weak first quarter.
- Investors need to prepare for additional dilution mostly as a result of the recent share redemption and conversion agreement with former owners of Sahara.
- While operational performance looks promising, ongoing dilution might provide an overhang on the shares. Buy on weakness.
For further details see:
Boxlight Corporation: Strong Q1 Guidance Bodes Well For FY2021 - Buy On Weakness