Boxlight posts largely flat Q1 revenue as pricing pressure squeezes gross margin

Boxlight

15/05/2026 23:12

Overview

US interactive technology provider's Q1 revenue was largely flat yr/yr, with higher display sales

Gross profit margin fell to 30.9%, mainly due to industry pricing pressure and higher customs expense

Company was not in compliance with financial covenants related to the borrowing base but received a limited waiver from lenders

Outlook

Boxlight expects global unit demand in 2026 to remain consistent with 2025 levels

Company anticipates recovery in spending as deferred demand returns

Boxlight says technology refresh cycles and shift to digital learning support long-term demand

Result Drivers

HIGHER DISPLAY SALES - Revenue increase was driven by higher sales of interactive flat panel displays

CUSTOMS EXPENSES - Cost of revenues rose due to higher units sold and a $1.5 mln increase in customs expense

PRICING PRESSURE - Gross margin decline was primarily related to increases in pricing pressure within the industry and higher customs expense

Company press release: ID:nBw1PY2MBa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Slight Beat*
$22.44 mln
$22.42 mln (1 Analyst)
Q1 Net Income
Miss
-$6.53 mln
-$6.36 mln (1 Analyst)
Q1 Basic EPS
Beat
-$2.25
-$6.51 (1 Analyst)
Q1 Income From Operations
Miss
-$4.90 mln
-$4.58 mln (1 Analyst)
Q1 Gross Profit
$6.94 mln
Q1 Operating Expenses
$11.84 mln
Q1 Pretax Profit
-$6.91 mln


*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage

The one available analyst rating on the shares is "hold"

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)