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Boxlight Corp

boxlight.com

What Do They Do?

Sells interactive displays, classroom audio and campus communication systems, and other classroom technology to schools, with display and signage products for corporate and government customers.

How Do They Make Money?

Customers are generally billed up front for products and most service contracts; maintenance and subscription services are provided over their contract terms.

revenue
SegmentShareRevenue
Hardware
Sold outright

95%
FY2022: 93%
Software and embedded firmware
Licensed
0.6%
FY2022: 1.9%
Professional services
0.1%
FY2022: 0.7%
Maintenance and subscription services
Recurring
4.3%
FY2022: 4.2%

Who Are Their Customers?

Schools and districts are the main market, alongside corporate and government buyers. Boxlight sells through reseller partners and to distributors, resellers, and end users.

Do Revenues Turn Into Profits?

No. It lost $23.8M in FY2025.

Operating income, FY2025
−15% of revenue
▼ −16% (Loss) vs FY2024 (−$19.5M, −14%)
Net income, FY2025
−22% of revenue
▼ −16% (Loss) vs FY2024 (−$28.3M, −21%)
Free cash flow, FY2025
−3% of revenue
▲ +264% (Loss) vs FY2024 (−$945K, −1%)

How Are They Changing?

Since the FY2025 annual report
Latest quarter: Q2 FY2026, the three months to Jun 30, 2026
Revenue
▼ −16%
vs $30.9M in Q2 FY2025
Net income
▲ Now profitable
vs −$4.7M in Q2 FY2025
  • Sep 2, 2026 Regained Nasdaq equity compliance and continued listing Nasdaq imposed a one-year monitoring period; further listing-rule noncompliance could lead to a delisting determination.
  • Aug 4, 2026 CFO Ryan Zeek resigned; Jennifer Grabow was appointed interim CFO
  • Jul 2, 2026 Nasdaq warned of potential delisting over an equity requirement

Shrinking. Revenue fell 41% in 4 years, from $185.2M in FY2021 to $109.2M in FY2025, about 12% a year.

Broader campus communications The older report lists classroom audio and campus communication; the latest adds FrontRow Symphony, which links classroom audio with school-wide bells, paging, intercom and emergency alerts.

Revenue over time
Hardware Software and embedded firmware Professional services Maintenance and subscription services
$250M$125M$0

Who Do They Compete With?

Competes with SMART Technologies, Promethean, ViewSonic, Newline, Samsung, Panasonic, and ClearTouch

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