Quarterly ResultMay 15, 2026, 04:38 PM
Boxlight Q1 Revenue $22.4M; Net Loss $(6.5)M; Waives Debt Covenants
AI Summary
Boxlight Corporation announced its first quarter 2026 financial results, reporting revenue of $22.4 million, a slight increase of 0.1% year-over-year. The company's net loss widened to $(6.5) million from $(3.2) million in the prior year quarter, while Adjusted EBITDA decreased to $(2.8) million. Boxlight also disclosed non-compliance with certain financial covenants under its credit agreement but secured a limited waiver from lenders. The company launched a new campus communication platform and was named to TIME's Top 250 EdTech Companies list.
Key Highlights
- Boxlight Q1 2026 revenue was $22.4 million, a 0.1% increase year-over-year.
- Net loss widened to $(6.5) million in Q1 2026 from $(3.2) million in Q1 2025.
- Adjusted EBITDA decreased to $(2.8) million in Q1 2026 from $0.55 million in Q1 2025.
- Gross profit margin fell to 30.9% in Q1 2026 from 35.9% in Q1 2025.
- The company was not in compliance with debt covenants but secured a limited waiver.
- Launched FrontRow Symphony™ campus communication platform in January 2026.
- Ended Q1 2026 with $6.9 million in cash and $(2.0) million stockholders’ deficit.
Price Impact
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