Boxlight (NASDAQ:BOXL) Announces Earnings Results, Misses Estimates By $0.67 EPS

Boxlight (NASDAQ:BOXL) posted its quarterly earnings data on Friday. The company reported ($1.88) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.21) by ($0.67), Zacks reports. The company had revenue of $29.34 million during the quarter, compared to the consensus estimate of $24.00 million.

Boxlight Trading Up 3.8%

Boxlight stock traded up $0.04 during midday trading on Friday, hitting $1.09. 176,814 shares of the stock were exchanged, compared to its average volume of 211,099. The stock’s 50-day simple moving average is $1.87 and its 200 day simple moving average is $1.88. Boxlight has a fifty-two week low of $0.95 and a fifty-two week high of $10.65. The stock has a market capitalization of $2.90 million, a price-to-earnings ratio of -0.08 and a beta of 0.93.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. Wall Street Zen raised Boxlight to a “hold” rating in a research note on Saturday, November 1st. Weiss Ratings reiterated a “sell (e+)” rating on shares of Boxlight in a research report on Tuesday, October 14th. One research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Reduce”.

Boxlight Company Profile

Boxlight Corporation designs, produces, and distributes interactive technology solutions for the education, health, corporate, military, and government sectors in the Americas, Europe, the Middle East, Africa, and internationally. The company provides interactive and non-interactive flat panel displays and whiteboards, LED video walls, digital signages, classroom audio and campus communication, cameras and other peripherals, and media players; and accessory document cameras, teacher pads for remote control, assessment systems, and front-of-class display products under the Mimio and Clevertouch brands.