Boxlight (NASDAQ:BOXL) Issues Quarterly Earnings Results

Boxlight (NASDAQ:BOXL) announced its quarterly earnings results on Friday. The company reported ($8.35) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.29) by ($8.06), Zacks reports. Boxlight had a negative return on equity of 164.45% and a negative net margin of 19.44%. The business had revenue of $30.08 million during the quarter, compared to the consensus estimate of $30.08 million.

Boxlight Stock Down 9.8 %

BOXL stock traded down $0.18 during mid-day trading on Friday, hitting $1.61. 20,567 shares of the company were exchanged, compared to its average volume of 232,327. The company has a debt-to-equity ratio of 5.67, a quick ratio of 1.08 and a current ratio of 2.10. Boxlight has a 1-year low of $1.36 and a 1-year high of $10.65. The firm’s 50 day simple moving average is $2.60 and its 200 day simple moving average is $2.54. The firm has a market cap of $3.16 million, a P/E ratio of -0.10 and a beta of 1.62.

About Boxlight

Boxlight Corporation designs, produces, and distributes interactive technology solutions for the education, health, corporate, military, and government sectors in the Americas, Europe, the Middle East, Africa, and internationally. The company provides interactive and non-interactive flat panel displays and whiteboards, LED video walls, digital signages, classroom audio and campus communication, cameras and other peripherals, and media players; and accessory document cameras, teacher pads for remote control, assessment systems, and front-of-class display products under the Mimio and Clevertouch brands.