Boxlight Corporation Reports 19.9% Revenue Decline in Q2 2025

Boxlight Corporation reported a significant decline in financial performance for the second quarter of 2025, with total revenues of $30.9 million, down 19.9% from $38.5 million in the same period of 2024. For the first half of 2025, revenues totaled $53.3 million, a decrease of 29.5% compared to $75.6 million in the prior year. The company attributed this decline to lower sales volumes across all markets, primarily due to decreased global demand for interactive flat panel displays and competitive pricing pressures. Gross profit for the second quarter was $10.8 million, reflecting a gross margin of 35.0%, down from 37.7% in the previous year.

Operating expenses increased to $14.7 million for the second quarter, compared to $13.3 million in the same quarter of 2024, driven by higher general and administrative costs, which rose to $13.6 million from $12.3 million. The net loss for the quarter was approximately $4.7 million, compared to a loss of $1.5 million in the prior year. For the six-month period, the net loss was $8.0 million, slightly improved from a loss of $8.6 million in the same period of 2024.

In terms of operational developments, Boxlight's customer base and product adoption rates have been affected by the ongoing challenges in the market. The company reported a decrease in inventory levels, with net inventories at $28.2 million as of June 30, 2025, down from $43.3 million at the end of 2024. The company also noted a significant reduction in accounts payable, which fell to $11.7 million from $24.2 million, indicating tighter cash management amid declining revenues.

Strategically, Boxlight has been working to improve its financial position through various initiatives, including a recent private placement that raised approximately $2.8 million. The company has also engaged financial advisors to assist in refinancing its existing debt, which stood at $39.0 million as of June 30, 2025. However, the company faces challenges in maintaining compliance with its financial covenants under its credit agreement, raising concerns about its ability to continue as a going concern. The company is actively pursuing options to enhance liquidity and operational efficiency, with a focus on achieving positive cash flow and meeting its recapitalization requirements.

Looking ahead, Boxlight's management remains cautious about the market environment, which is influenced by global economic conditions and competitive dynamics. The company is focused on executing its strategic plan to regain profitability and improve its market position, while also addressing its financial obligations and compliance with Nasdaq listing requirements. The outlook remains uncertain, with potential risks related to market demand, pricing pressures, and operational execution.