Boxlight Corporation (BOXL) financial statements (2022 and earlier)

Company profile

Business Address 1045 PROGRESS CIRCLE
LAWRENCEVILLE, GA 30043
State of Incorp. NV
Fiscal Year End December 31
SIC 82 - Educational Services (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in thousands)

9/30/2021
TTM
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 13,4601,1739012,010457
Cash and cash equivalents 13,4601,1739012,010457
Receivables 20,8693,6653,6353,0902,944
Inventory, net of allowances, customer advances and progress billings 20,9133,3194,2144,6274,164
Inventory 20,9133,3194,2144,6274,164
Prepaid expense   1,214388447
Other undisclosed current assets 6,1611,766   
Total current assets: 61,4039,9239,96510,1158,012
Noncurrent Assets
Property, plant and equipment 5622072263060
Intangible assets, net (including goodwill) 77,89910,28311,09010,30911,015
Goodwill 22,7424,7244,7384,1824,182
Intangible assets, net (excluding goodwill) 55,1575,5596,3526,1276,833
Other noncurrent assets 91560033
Other undisclosed noncurrent assets (2) (14)  
Total noncurrent assets: 78,55010,54611,30310,33911,109
TOTAL ASSETS: 139,95320,46921,26720,45319,120
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including: 14,1564,7211,8842,9954,454
Accrued liabilities 8913580  
Other undisclosed accounts payable and accrued liabilities 14,0674,7091,3032,9954,454
Deferred revenue 5,6711,973
Debt   3,012 2,792
Derivative instruments and hedges, liabilities 3631473261,857 
Due to related parties 1,9675,0316,0094,4423,804
Deferred revenue and credits1,127496
Contract with customer, liability938
Other liabilities 1,209315 252
Other undisclosed current liabilities 17,0265,305389(9,299)877
Total current liabilities: 40,39217,20812,5631,12312,673
Noncurrent Liabilities
Long-term debt and lease obligation  17   
Long-term debt, excluding current maturities  17   
Liabilities, other than long-term debt 10,4822,6914631754,333
Deferred revenue and credits175272
Deferred revenue 10,4822,583
Contract with customer, liability135
Due to related parties  108328 4,061
Other undisclosed noncurrent liabilities 15,7351,20127310,105 
Total noncurrent liabilities: 26,2173,90973610,2804,333
Total liabilities: 66,60921,11713,29911,40317,006
Temporary equity, carrying amount 28,876    
Stockholders' equity
Stockholders' equity attributable to parent, including: 44,467(648)7,9689,0502,114
Preferred stock  0000
Common stock 51110
Additional paid in capital 86,76830,73627,28021,1267,616
Accumulated other comprehensive income (loss) 5,192(38)(106)(48)(13)
Accumulated deficit (47,498)(31,346)(19,206)(12,028)(5,489)
Stockholders' equity note, subscriptions receivable  (0)(0)(0) 
Other undisclosed stockholders' equity attributable to parent     (0)
Other undisclosed stockholders' equity 1    
Total stockholders' equity: 44,468(648)7,9689,0502,114
TOTAL LIABILITIES AND EQUITY: 139,95320,46921,26720,45319,120

Income statement (P&L) ($ in thousands)

9/30/2021
TTM
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Revenues 54,89133,03037,84125,74420,372
Cost of revenue (45,023)(24,089)(29,188)(19,330)(12,960)
Cost of goods and services sold (45,023)(24,089)(29,188)(84)(327)
Gross profit: 9,8688,9428,6536,4147,412
Operating expenses (22,576)(17,001)(15,650)(13,656)(8,698)
Operating loss: (12,708)(8,059)(6,997)(7,242)(1,286)
Nonoperating income (expense) (4,265)(1,343)(181)702(776)
Other nonoperating income (expense) 1298868702(776)
Interest and debt expense (1,363)118165276(818)
Loss from continuing operations before equity method investments, income taxes: (18,336)(9,284)(7,013)(6,264)(2,880)
Other undisclosed income from continuing operations before income taxes 1,363    
Loss from continuing operations before income taxes: (16,973)(9,284)(7,013)(6,264)(2,880)
Income tax benefit 832    
Loss before gain (loss) on sale of properties: (16,141)(9,284)(7,013)(6,264)(2,880)
Other undisclosed net income (loss) (11)(118)(165)(276)818
Net loss attributable to parent: (16,152)(9,402)(7,178)(6,540)(2,062)
Preferred stock dividends and other adjustments (338)    
Net loss available to common stockholders, diluted: (16,490)(9,402)(7,178)(6,540)(2,062)

Comprehensive Income ($ in thousands)

9/30/2021
TTM
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Net loss: (16,152)(9,402)(7,178)(6,540)(2,062)
Comprehensive loss: (16,152)(9,402)(7,178)(6,540)(2,062)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent 5,23068(59)(35)(13)
Comprehensive loss, net of tax, attributable to parent: (10,922)(9,334)(7,236)(6,574)(2,075)

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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