The chart below shows how BOXL performed 10 days before and after its earnings report, based on data from the past quarters. Typically, BOXL sees a -2.85% change in stock price 10 days leading up to the earnings, and a -13.52% change 10 days following the report. On the earnings day itself, the stock moves by +0.93%. This data can give you a slight idea of what to expect for the next quarter's release.
Positive
Revenue Decline Analysis: Boxlight reported revenues for Q3 2024 of $36.3 million, compared to $49.7 million for Q3 2023, resulting in a 26.9% decrease.
EMEA Revenue Contribution: EMEA revenues comprised approximately 49% or $18 million of our total revenues.
Revenue Distribution Analysis: Americas revenues totaled approximately 48% or $17 million of our total revenues, while revenues from other markets totaled approximately 3% of our total revenues.
Gross Profit Decline: Gross profit for the quarter was $12.3 million compared to $18 million for the prior year period.
Gross Profit Margin Decline: Gross profit margin for the quarter was 33.8%, which is a decrease of 250 basis points over the comparable 3 months in 2023.
Negative
Q3 Revenue Decline: Revenues for Q3 2024 were $36.3 million compared to $49.7 million for Q3 2023, resulting in a 26.9% decrease.
Gross Profit Decline: Gross profit for the quarter was $12.3 million compared to $18 million for the prior year period.
Gross Profit Margin Decline: Gross profit margin for the quarter was 33.8%, which is a decrease of 250 basis points over the comparable three months in 2023.
Operating Expenses Comparison: Total operating expenses for Q3 2024 were $13.1 million compared to $29.6 million in Q3 2023, or $16.4 million in Q3 2023 excluding non-recurring goodwill impairment charges.
Net Loss Comparison: The company reported a net loss of $3.1 million or $0.34 per basic and diluted share for the quarter compared to a net loss of approximately $17.8 million or $1.90 per basic and diluted share for the prior year quarter.
Boxlight Corporation (BOXL) Q3 2024 Earnings Call Transcript
BOXL.O
-2.66%