Boxlight’s Q1 GAAP loss narrowed sharply, though revenue missed estimates by $8.45M amid weak demand.
Boxlight reported a Q1 GAAP loss of $2.25 per share, beating expectations by $1.46. Revenue reached $22.4 million, down 0.1% year-over-year and missing estimates by $8.45 million.
The company’s adjusted EBITDA declined by $3.4 million to negative $2.8 million compared to the prior-year quarter. Cash reserves stood at $6.9 million, with working capital of $25.3 million and a stockholders’ deficit of $2.0 million.
As of March 31, 2026, Boxlight held $34.1 million in debt, net of issuance costs, while maintaining $6.9 million in cash and cash equivalents.