Boxlight Corporation (BOXL) Financial Statements (2024 and earlier)

Company Profile

Business Address 2750 PREMIERE PARKWAY,
DULUTH, GA 30097
State of Incorp. NV
Fiscal Year End December 31
Industry (SIC) 82 - Educational Services (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments15,58811,27414,59121,95211,62011,265
Cash and cash equivalents15,58811,27414,59121,95211,62011,265
Receivables37,63533,54931,00951,25441,15330,033
Inventory, net of allowances, customer advances and progress billings37,80944,67558,21149,43545,28749,094
Inventory37,80944,67558,21149,43545,28749,094
Other undisclosed current assets10,0147,3837,4339,01310,0897,913
Total current assets:101,04696,881111,244131,654108,14998,305
Noncurrent Assets
Operating lease, right-of-use asset3,5563,8904,3504,3704,7185,198
Property, plant and equipment1,5451,6261,7331,6751,5221,447
Intangible assets, net (including goodwill)75,33976,53577,67176,43781,95987,858
Goodwill25,47025,30725,09224,52425,15225,783
Intangible assets, net (excluding goodwill)49,86951,22852,57951,91356,80762,075
Other noncurrent assets827630397363343308
Total noncurrent assets:81,26782,68184,15182,84588,54294,811
TOTAL ASSETS:182,313179,562195,395214,499196,691193,116
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:21,10823,17036,56648,41033,38526,131
Accounts payable15,14416,21130,71938,95523,87719,398
Accrued liabilities  6,4895,3068,6488,3165,810
Other undisclosed accounts payable and accrued liabilities5,9644705418071,192923
Deferred revenue8,2488,4048,3088,1947,6027,793
Debt3,8071,6961,6909,2249,1599,063
Derivative instruments and hedges, liabilities5126964721,5271,4143,073
Other liabilities8783093862581,002642
Other undisclosed current liabilities1,6999801,0531,7671,7572,003
Total current liabilities:36,25235,25548,47569,38054,31948,705
Noncurrent Liabilities
Long-term debt and lease obligation43,36943,56143,77846,65047,10645,192
Long-term debt, excluding current maturities43,36943,56143,77844,05644,24041,962
Liabilities, other than long-term debt23,29122,47622,74023,05222,89422,860
Deferred revenue15,68215,69515,60315,01614,92314,547
Deferred income tax liabilities5,5714,5524,6808,0367,9718,313
Operating lease, liability2,0382,2292,4572,5942,8663,230
Other undisclosed noncurrent liabilities    148315334
Total noncurrent liabilities:66,66066,03766,51869,85070,31568,386
Total liabilities:102,912101,292114,993139,230124,634117,091
Temporary equity, carrying amount28,50928,50928,50928,50928,50928,509
Equity
Equity, attributable to parent50,89249,76151,89346,76043,54847,516
Common stock177777
Additional paid in capital118,379118,153117,843117,499112,352111,715
Accumulated other comprehensive income (loss)1,366(356)(914)(7,721)(2,681)1,956
Accumulated deficit(68,854)(68,043)(65,043)(63,025)(66,130)(66,162)
Total equity:50,89249,76151,89346,76043,54847,516
TOTAL LIABILITIES AND EQUITY:182,313179,562195,395214,499196,691193,116

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

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Revenues47,05241,18942,81468,73659,62850,603
Cost of revenue
(Cost of Goods and Services Sold)
(29,224)(26,041)(28,416)(47,716)(42,794)(37,987)
Gross profit:17,82815,14814,39821,02016,83412,616
Operating expenses(15,752)(15,328)(15,240)(14,556)(15,953)(16,070)
Operating income (loss):2,076(180)(842)6,464881(3,454)
Nonoperating expense(2,632)(2,693)(1,602)(2,839)(814)(1,488)
Interest and debt expense(2,788)(2,447)(2,593)(2,598)(2,417)(2,317)
Income (loss) from continuing operations before equity method investments, income taxes:(3,344)(5,320)(5,037)1,027(2,350)(7,259)
Other undisclosed income from continuing operations before income taxes2,7882,4472,5932,5982,4172,317
Income (loss) from continuing operations before income taxes:(556)(2,873)(2,444)3,62567(4,942)
Income tax expense (benefit)(255)(51)426(520)(41)86
Income (loss) from continuing operations:(811)(2,924)(2,018)3,10526(4,856)
Income (loss) before gain (loss) on sale of properties:3,10526(4,856)
Net income (loss) attributable to parent:(811)(2,924)(2,018)3,10526(4,856)
Preferred stock dividends and other adjustments     (317)(317)
Other undisclosed net loss available to common stockholders, basic(317)(317)(317)(317)  
Net income (loss) available to common stockholders, diluted:(1,128)(3,241)(2,335)2,788(291)(5,173)

Comprehensive Income ($ in thousands)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Net income (loss):(811)(2,924)(2,018)3,10526(4,856)
Comprehensive income (loss):(811)(2,924)(2,018)3,10526(4,856)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent1,7225586,807(5,040)(4,637)(1,772)
Comprehensive income (loss), net of tax, attributable to parent:911(2,366)4,789(1,935)(4,611)(6,628)

Statements Sources

The financial statements are based on the Company's filings with 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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