Boxlight Corporation (BOXL) shares climbed 35.75% in after-hours on Thursday, August 12, 2021, and closed the daily trading at $2.62 per share. Earlier in the regular trading session on Thursday, BOXL’s stock lost 1.03%. BOXL shares have fallen 22.49% over the last 12 months, and they have moved down 3.98% in the past week. Over the past three months, the stock has lost 11.47%, while over the past six months, it has declined 42.04%.
Let’s have a look at its recent news and developments.
BOXL recent financial results announcement
On August 12, 2021, Boxlight Corporation (BOXL) announced its financial results for the second quarter ended June 30, 2021.
Q2 2021 financial highlights
- BOXL reported revenue of $46.8 million in Q2 2021compared to $7.8 million in Q2 2020.
- Gross profit was $12.8 million in Q2 2021 compared to $2.7 million for the three months ended June 30, 2020.
- Total operating expenses were $11.3 million in Q2 2021 compared to $3.5 million in Q2 2020.
- It suffered a net loss of $2.2 million in Q2 2021 compared to a net loss of $1.4 million in Q2 2020.
- The EPS loss was $0.04 per basic and diluted share in Q2 2021 compared to $0.08 loss per basic and diluted share in Q2 2020.
- Adjusted EBITDA was 5.4 million in Q2 2021 compared to $0.0 million in Q2 2020.
- The company had $7.4 million in cash and cash equivalents, $26.7 million in working capital, $155.3 million in total assets on June 30, 2021.
BOXL partnership with Google
On August 04, 2021, Boxlight Corporation (BOXL) announced that it is now a Google for Education Service Partner with the Google Cloud Partner Advantage Program.
Boxlight through its Professional Development division, EOS Education, offers educators customized professional development and support specific to Google Workspace for Education and Google Cloud functions.
BOXL new Podcast
On July 30, 2021, Boxlight Corporation (BOXL) announced a new podcast about Success Stories in Professional Development During COVID.
BOXL new release
On July 28, 2021, Boxlight Corporation (BOXL) released The Big STEM Guide Volume 3.
As Boxlight continues to increase its STEM solutions portfolio, The Big STEM Guide Volume 3 provides educators with content and resource information to broaden their STEM instructional plans. The Big STEM Guide also gives teachers information on turnkey STEM solutions such as those included in the Boxlight MimioSTEM products portfolio.
Conclusion
BOXL stock surged after the company reported a massive revenue in Q2 2021and we can expect it to continue its surge on Friday as well.
