Boxlight Corporation announced its financial results for the first quarter ended March 31, 2025, reporting total revenues of $22.4 million, a significant 39.5% decrease compared to $37.1 million in the prior-year quarter. This decline was primarily due to lower sales volume across all markets, driven by reduced global demand for interactive flat panel displays and competitive pricing pressures.
Despite the revenue contraction, gross profit margin improved to 35.9% in Q1 2025, up from 34.5% in Q1 2024, attributed to a more favorable product mix. Total operating expenses decreased to $11.0 million from $16.4 million in the prior-year quarter, reflecting ongoing cost reduction initiatives across various expense categories.
The company reported a net loss of $3.2 million, an improvement from a $7.1 million net loss in Q1 2024, but an Adjusted EBITDA loss of ($25) thousand compared to a $0.2 million gain in Q1 2024. As of March 31, 2025, Boxlight had $8.1 million in cash and cash equivalents and $39.6 million in debt, and was not in compliance with its borrowing base financial covenant, though this non-compliance was cured by payments in April and May 2025.
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