Boxlight Corporation (BOXL)

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Key Financial Highlights for Q4 2018:

Revenues increased by 125% to $12.0 million; greater than the previously projected $11 million
Gross profit improved to 25.2%
Operating loss decreased by 81% to $1.1 million
Key Financial Highlights for Full Year 2018:

Revenues increased by 47% to $37.8 million
Gross profit of 22.9% was impacted by lower product margins on interactive panels on two large projects in Beaufort, South Carolina and Clayton County, Georgia

Operating loss for the three months ended December 31, 2018 was $1.1 million, a decrease of $4.5 million, or 81%, compared to $5.6 million for the three months ended December 31, 2017.

Net loss for the three months ended December 31, 2018 was $0.6 million, a decrease of $4.0 million, or 87%, compared to $4.6 million for the three months ended December 31, 2017. The resulting EPS loss for the three months ended December 31, 2018 was $(0.06) per diluted share, compared to $(0.66) per diluted share for the three months ended December 31, 2017.

At December 31, 2018, Boxlight had $0.9 million of cash, $21.3 million of total assets, $3.0 debt, and 10.2 million shares issued and outstanding.