Boxlight (BOXL) Q1 2026 earnings summary

Executive summary

• Revenue for Q1 2026 was $22.4 million, flat to up 0.1% year-over-year, driven by higher sales of interactive flat panel displays.

• Net loss widened to $6.5 million from $3.2 million year-over-year, with net loss per share at $(2.25) versus $(8.45) last year, primarily due to lower gross margin and higher expenses.

• Gross margin declined to 30.9% from 35.9% due to increased pricing pressure and customs expenses.

• Adjusted EBITDA was $(2.8) million, down from $0.6 million in Q1 2025.

• Launched FrontRow Symphony campus communication platform, expanding the product portfolio.

Financial highlights

• Revenue: $22.4 million, up 0.1% year-over-year.

• Gross profit: $6.9 million, down 13.7% year-over-year.

• Cost of revenues increased 7.8% to $15.5 million, mainly due to higher units sold and $1.5 million in customs expense.

• General and administrative expenses: $8.4 million (37.2% of revenue), up from $7.6 million (33.8% of revenue) in Q1 2025.

• Cash and cash equivalents: $6.9 million as of March 31, 2026.

Outlook and guidance

• Management is pursuing an equity line of credit (ELOC) for up to $15 million, subject to shareholder approval, to address liquidity needs.

• The company expects to use ELOC proceeds for working capital and to support the launch of the Symphony product line in H2 2026.

• Management expects stabilization in global unit demand for 2026, consistent with 2025 levels.

• Anticipates recovery in spending as deferred demand returns, supported by technology refresh cycles and digital learning trends.

• There is substantial doubt about the company’s ability to continue as a going concern without additional financing.