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BOXL Boxlight

Boxlight Corporation is a leading provider of interactive technology solutions under its award-winning brands Clevertouch® and Mimio®. The Company aims to improve engagement and communication in diverse business and education environments. Boxlight develops, sells, and services its integrated solution suite including interactive displays, collaboration software, supporting accessories and professional services.

Company profile

Ticker
BOXL
Exchange
CEO
Michael Pope
Employees
Incorporated
Location
Fiscal year end
Former names
Logical Choice Corp
SEC CIK
Subsidiaries
Boxlight Inc. • Boxlight Latinoamerica, S.A. DE C.V., a Mexico corporation • Boxlight Latinoamerica Servicios, S.A. DE C.V., a Mexico corporation • Boxlight Group Ltd. • EOSEDU, LLC • Sahara Presentation Systems Limited • Sahara Presentation Systems Ltd. • Sedao Limited • Clevertouch B.V. • Sahara Nordic OY, a Finland company ...

BOXL stock data

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Investment data

Data from SEC filings
Securities sold
Number of investors

Calendar

12 Aug 21
23 Oct 21
31 Dec 21
Quarter (USD)
Jun 21 Mar 21 Dec 20 Sep 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Dec 20 Dec 19 Dec 18 Dec 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from Boxlight earnings reports.

Cash burn rate (estimated) Burn method: Change in cash Burn method: Operating income/loss Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 7.44M 7.44M 7.44M 7.44M 7.44M 7.44M
Cash burn (monthly) 855K (positive/no burn) (positive/no burn) 1.07M 1M 251.75K
Cash used (since last report) 3.25M n/a n/a 4.06M 3.81M 955.52K
Cash remaining 4.19M n/a n/a 3.37M 3.63M 6.48M
Runway (months of cash) 4.9 n/a n/a 3.2 3.6 25.7

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
24 Aug 21 Mark Starkey CLASS A COMMON STOCK Buy Acquire P No No 2.31 20,000 46.2K 157,500
19 Aug 21 Pope Michael Ross CLASS A COMMON STOCK Acquire X No No 0.425 30,000 12.75K 1,193,187
19 Aug 21 Pope Michael Ross Warrant to Purchase Class A Common Stock Class A common stock Dispose X No No 0.425 30,000 12.75K 240,000
19 Aug 21 Pope Michael Ross CLASS A COMMON STOCK Acquire X No No 0.425 45,000 19.13K 1,238,187
19 Aug 21 Pope Michael Ross Warrant to Purchase Class A Common Stock Class A common stock Dispose X No No 0.425 45,000 19.13K 195,000
19 Aug 21 Pope Michael Ross CLASS A COMMON STOCK Buy Acquire P No No 2.05 3,500 7.17K 1,241,687
19 Aug 21 Nance Henry CLASS A COMMON STOCK Buy Acquire P No No 2.08 2,000 4.16K 124,741

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

19.4% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 36 34 +5.9%
Opened positions 12 15 -20.0%
Closed positions 10 8 +25.0%
Increased positions 12 10 +20.0%
Reduced positions 5 3 +66.7%
13F shares
Current Prev Q Change
Total value 27.65M 24.66M +12.1%
Total shares 11.61M 11.8M -1.6%
Total puts 0 0
Total calls 0 0
Total put/call ratio
Largest owners
Shares Value Change
K Laser Technology 3.4M $7.85M -37.2%
Vanguard 2M $4.82M +10.7%
STT State Street 1.84M $4.44M NEW
Renaissance Technologies 1.04M $2.5M +789.9%
BLK Blackrock 1.02M $2.45M -5.3%
Bard Associates 711.39K $1.71M +0.2%
Geode Capital Management 423.31K $1.02M +14.5%
Shay Capital 220K $530K NEW
Redmond Asset Management 175.61K $423K 0.0%
National Asset Management 142K $343K +10.9%
Largest transactions
Shares Bought/sold Change
K Laser Technology 3.4M -2.01M -37.2%
STT State Street 1.84M +1.84M NEW
GS Goldman Sachs 0 -1.36M EXIT
Renaissance Technologies 1.04M +919.89K +789.9%
Shay Capital 220K +220K NEW
Vanguard 2M +192.66K +10.7%
Citadel Advisors 19.47K -101.64K -83.9%
Squarepoint Ops 109.98K +97.86K +807.7%
VIRT Virtu Financial 0 -72.99K EXIT
BLK Blackrock 1.02M -57.13K -5.3%

Financial report summary

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Management Discussion
  • Revenues. Total revenues for the year ended December 31, 2020 were $54.9 million as compared to $33.0 million for the year ended December 31, 2019, resulting in a 66% increase. Revenues consist of product revenue, software revenue, product installation and professional development. The increase in revenues was primarily a result of the acquisition of Sahara Presentation Systems in September 2020 and increased demand for our solutions in both the U.S. and Europe, the Middle East, and Africa (together “EMEA”).
  • Cost of Revenues. Cost of revenues for the year ended December 31, 2020 was $45.0 million as compared to $24.1 million for the year ended December 31, 2019, resulting in an 87% increase. Cost of revenues consists primarily of product cost, freight expenses, customs expense and inventory adjustments. The decrease in cost of revenues decrease was primarily attributable to a decrease in cost of goods related to hardware sales of $5 million directly related to the decrease in sales volume. The decrease was partially offset by an increase of $0.5 million in customs expense.
  • Gross Profit. Gross profit for the year ended December 31, 2020 was $9.9 million as compared to $8.9 million for the year ended December 31, 2019. The Gross Profit Margin decreased from 27% in 2019 to 18% in 2020. The gross margin decrease was driven by the effects of certain Sahara purchase accounting adjustments of $5.1 million. The resulting normalized gross profit rate for the for the year ended December 31, 2020, was 27%.
Content analysis
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New words: appealing, ARC, Assent, aware, cited, clarify, discrete, exposure, extinguishment, half, issuer, lifetime, lingering, low, Organic, outlined, penalty, percent, pertaining, proposed, ratio, Royal, tentatively, unchanged, variety
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