Boxlight Corporation (BOXL)

From the record

Boxlight Corporation's filings since 2017 show 27 warning events of 5 kinds: a debt default or acceleration notice (8-K item 2.04, 2 times, the latest 2022-07-14); a notice about its exchange listing (8-K item 3.01, 18 times, the latest 2026-07-02); a warning not to rely on past financial statements (8-K item 4.02, the latest 2018-08-16); an auditor change (8-K item 4.01, 3 times, the latest 2025-09-19); a late-report notice (Form NT 10-K or NT 10-Q, 3 times, the latest 2026-03-31) (its current reports).

From the record

Boxlight Corporation's 9 filed years say what it did: revenue went from $26 million in fiscal 2017 to $109 million in fiscal 2025, up 19.8% a year; it rose in 4 of 8 years; the deepest fall was 51% from fiscal 2022 to fiscal 2025; net income was positive in 0 of 9 of those years (its annual reports).

From the record

Over the 3 fiscal years to 2025-12-31, Boxlight Corporation's diluted share count grew about 29.9% a year, and dividends and buybacks returned about 0% of its operating cash flow over 3 years (its filed statements). Its officers and directors filed 12 sales and 0 purchases of their own stock on the open market in the year to 2026-09-30 (their Form 4 filings).

From the record

Return on equity: in the fiscal year ended 2025-12-31, Boxlight Corporation lost about 1897 cents for every dollar of shareholders' money, and gross profitability: its products earned about 34 cents per dollar of everything the company owns. Leverage: it owed about 99 cents per dollar of assets, and net share issuance: its share count grew 93.3% over the year (the filed statements).

From the record

Boxlight Corporation's standing among 41 graded names in its industry family: revenue of $109 million in fiscal 2025 ranks in the bottom 45% by size; a net margin of -21.8% ranks in the bottom 30%; revenue growth of -21% a year over the last 3 filed years ranks in the bottom 16% (its annual reports).

From the record

Boxlight Corporation's leadership, from its insiders' filings and its current reports: no one files under a chief executive's title, so that part is not read; the 7 officers and directors filing in the last fifteen months have been on the record a median of 1.2 years (bottom 4%); 14 officer or director changes were reported on Form 8-K since 2023-11-13, against the 7 people in charge now (bottom 3%; fewer changes for each person reads higher) (the Form 4 record, its Form 8-K reports). Years count from a person's first filing in the SEC's data sets, which begin in 2006, so each is a floor.

From the record

Boxlight Corporation's room to grow, from the newest filed statements (fiscal 2025): cash of $9 million against debt of $34 million leaves -25.4% of its assets as net cash, bottom 1% of its family; cash from operations less capital spending is -3.1% of revenue (bottom 40%); a gross margin of 30.8% (bottom 37%); research spending of 3.9% of revenue (bottom 38%) (its annual report).

From the record

Boxlight Corporation's growth drivers, from the filed years to fiscal 2025: revenue grew -21% a year over the last three filed years against 19.8% over all 9, slowing (bottom 9% of its family); the newest year grew -19.6% (bottom 17%); research spending grew 19.8% a year (top 25%); capital spending grew -79.9% a year (bottom 7%) (its annual reports). Boxlight Corporation reported 4 product lines in fiscal 2025: Hardware at $104 million (95%), Maintenance and Subscription Services at $5 million (4%), Software and Embedded Firmware at $648 thousand (1%), and 1 more; 0 of 4 grew against the year before (its annual report).

From the record

Boxlight Corporation's newest year against its own record: revenue of $109 million in fiscal 2025 came in 2.7% above the $106 million its prior three years' pace pointed to (top 26% of its family); net income of $24 million against a prior three-year average of $24 million (bottom 32%); a net margin of -21.8% against -14.9% before (bottom 21%) (its annual reports).