Boxlight to Hold Fourth Quarter and Full Year 2021 Financial Results Conference Call
March 10 2022 - 4:05PM
Business Wire
Boxlight Corporation (Nasdaq: BOXL), a leading provider of
interactive technology solutions, will hold its Fourth Quarter and
Full Year 2021 financial results conference call on Thursday, March
17, 2022 at 4:30 p.m. Eastern Time. The conference details are as
follows:
Date:
Thursday, March 17, 2022
Time:
4:30 p.m. Eastern Time / 1:30 p.m. Pacific
Time
Dial-in:
1-877-545-0320 (Domestic)
1-973-528-0002 (International)
Participant Access Code:
901845
Webcast:
https://www.webcaster4.com/Webcast/Page/2213/44832
For those unable to participate during the live broadcast, a
replay of the conference call will be available until 11:59 p.m.
Eastern Time on Friday, March 17, 2023, by dialing 1-877-481-4010
(domestic) and 1-919-882-2331 (international) and referencing the
replay passcode 44832.
“We had a strong fourth quarter exceeding our revenue guidance
of $40 million and delivering organic growth greater than 30%,”
commented Michael Pope, CEO and Chairman at Boxlight.
“Because we completed the acquisition of FrontRow on December
31, 2021, the financial results of FrontRow will not be included in
our Q4 financial statements. However, we did incur the transaction
costs to complete the acquisition including due diligence, legal,
financing, and refinancing costs, resulting in higher-than-expected
operating expenses. Additionally, supply chain and logistics costs
remained high during the quarter, impacting our gross profit
margin. As a result of additional unexpected expenses, we are
forecasting a fourth quarter Adjusted EBITDA loss of $2
million.
“We are experiencing stronger than expected customer orders and
sales pipeline growth this year, and therefore are increasing our
previous guidance for 2022 to $250 million revenue and $26 million
Adjusted EBITDA. We look forward to sharing additional insights
during our financial results conference call next week.”
The Company will file a Form 8-K which will include pro forma
combined financial statements of Boxlight and FrontRow based on
their audited results, prior to the earnings call on March 17. The
Company will subsequently file its annual report on Form 10-K.
Senior management will be available for questions from the
investment community following prepared remarks.
About Boxlight
Corporation
Boxlight Corporation (Nasdaq: BOXL) is a leading provider of
interactive technology solutions under its award-winning brands
Clevertouch® and Mimio®. The Company aims to improve engagement and
communication in diverse business and education environments.
Boxlight develops, sells and services its integrated solution suite
including interactive displays, collaboration software, supporting
accessories and professional services. For more information about
Boxlight and the Boxlight story, visit http://www.boxlight.com and
https://www.clevertouch.com.
Forward Looking Statements
This press release may contain information about Boxlight's view
of its future expectations, plans and prospects that constitute
forward-looking statements. Actual results may differ materially
from historical results or those indicated by these forward-looking
statements because of a variety of factors including, but not
limited to, risks and uncertainties associated with its ability to
maintain and grow its business, variability of operating results,
its development and introduction of new products and services,
marketing and other business development initiatives and
competition in the industry. Boxlight encourages you to review
other factors that may affect its future results in its filings
with the SEC.
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Media Relations Sunshine Nance +1 360-464-2119 x254
sunshine.nance@boxlight.com Investor Relations +1
360-464-4478 investor.relations@boxlight.com
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