Boxlight (NASDAQ:BOXL) Releases Earnings Results, Misses Expectations By $8.06 EPS

Boxlight (NASDAQ:BOXL) issued its quarterly earnings results on Friday. The company reported ($8.35) earnings per share for the quarter, missing the consensus estimate of ($0.29) by ($8.06), Zacks reports. The company had revenue of $30.08 million for the quarter, compared to analysts’ expectations of $30.08 million. Boxlight had a negative return on equity of 164.45% and a negative net margin of 19.44%.

Boxlight Stock Down 9.8 %

Shares of BOXL stock traded down $0.18 during trading hours on Friday, reaching $1.61. 20,567 shares of the stock were exchanged, compared to its average volume of 232,327. The business’s fifty day moving average is $2.60 and its two-hundred day moving average is $2.54. The firm has a market capitalization of $3.16 million, a P/E ratio of -0.10 and a beta of 1.62. Boxlight has a 12-month low of $1.36 and a 12-month high of $10.65. The company has a debt-to-equity ratio of 5.67, a current ratio of 2.10 and a quick ratio of 1.08.

Boxlight Company Profile

Boxlight Corporation designs, produces, and distributes interactive technology solutions for the education, health, corporate, military, and government sectors in the Americas, Europe, the Middle East, Africa, and internationally. The company provides interactive and non-interactive flat panel displays and whiteboards, LED video walls, digital signages, classroom audio and campus communication, cameras and other peripherals, and media players; and accessory document cameras, teacher pads for remote control, assessment systems, and front-of-class display products under the Mimio and Clevertouch brands.