The following is a summary of the Boxlight Corporation (BOXL) Q2 2024 Earnings Call Transcript:

Financial Performance:

• Boxlight reported Q2 2024 revenue of $38.5 million, down 18.1% from Q2 2023. Gross profit for the quarter was $14.5 million, resulting in a gross profit margin of 37.7%.

• Operating expenses decreased by 15.8% quarter-over-quarter to $13.3 million. Net loss for Q2 2024 was $1.5 million, a higher loss compared to $800,000 in Q2 2023.

Business Progress:

• Boxlight has successfully streamlined its operations to meet profitability targets despite revenue headwinds. The company has launched innovative products like UNITY all-in-one device, TimeSign digital clock display, and an updated STEM Robo 3D printer.

• The company continues its operational discipline, aligning ongoing investments to develop solutions that meet emerging industry needs such as campus-wide communication and STEM education.

Opportunities:

• Boxlight is positioned well to address growing market demands in emergency preparedness, school safety, and STEM education, leveraging its new product offerings such as UNITY and Robo E4.

More details: Boxlight IR

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