--- title: "Boxlight | 8-K: FY2026 Q1 Revenue Beats Estimate at USD 22.44 M" type: "News" locale: "en" url: "https://longbridge.com/en/news/286632679.md" datetime: "2026-05-16T04:12:34.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/286632679.md) - [en](https://longbridge.com/en/news/286632679.md) - [zh-HK](https://longbridge.com/zh-HK/news/286632679.md) --- # Boxlight | 8-K: FY2026 Q1 Revenue Beats Estimate at USD 22.44 M Revenue: As of FY2026 Q1, the actual value is USD 22.44 M, beating the estimate of USD 22.42 M. EPS: As of FY2026 Q1, the actual value is USD -2.25. EBIT: As of FY2026 Q1, the actual value is USD -5.636 M. #### Revenue Total revenues for Boxlight were $22.4 million for the first quarter ended March 31, 2026, which is a 0.1% increase from $22.4 million in the prior year quarter . #### Gross Profit and Margin Gross profit decreased by 13.7% to $6.9 million for Q1 2026, compared to $8.0 million for Q1 2025 . The gross profit margin for Q1 2026 was 30.9%, a decrease from 35.9% in the prior year quarter, primarily due to increased pricing pressure and a rise in customs expense . #### Net Loss Net loss increased to - $6.5 million in Q1 2026, compared to a net loss of - $3.2 million in the prior year quarter, representing a $3.3 million increase in loss . Net loss attributable to common shareholders was - $6.8 million in Q1 2026, compared to - $3.6 million in Q1 2025, after deducting fixed dividends for Series B preferred shareholders . #### Loss Per Share Net loss per basic and diluted common share was - $2.25 for Q1 2026, compared to - $8.45 in the prior year quarter . #### Operating Costs - **Cost of Revenues**: Increased by 7.8% to $15.5 million in Q1 2026 from $14.4 million in Q1 2025, driven by higher units sold and a $1.5 million increase in customs expense . - **General and Administrative Expenses**: Rose to $8.4 million (37.2% of revenue) in Q1 2026 from $7.6 million (33.8% of revenue) in Q1 2025, due to increases in professional fees ($0.5 million) and other expenses ($0.5 million), partially offset by a $0.3 million decrease in contract and consulting expenses . - **Depreciation and Amortization Expenses**: Were $2.6 million (11.4% of revenue) in Q1 2026, up from $2.5 million (11.0% of revenue) in Q1 2025 . - **Research and Development Expenses**: Remained consistent at $0.9 million for both Q1 2026 and Q1 2025, representing 4.2% and 4.1% of revenue, respectively . - **Other Expense, Net**: Increased by $1.5 million to $2.0 million in Q1 2026 from $0.5 million in Q1 2025, primarily due to the change in fair value of common warrants in Q1 2025, offset by a decrease in interest expense in Q1 2026 . #### Comprehensive Loss Total comprehensive loss was - $6.7 million for Q1 2026, compared to - $2.7 million for Q1 2025, reflecting a foreign currency translation adjustment loss of - $0.1 million in Q1 2026 versus a $0.6 million gain in Q1 2025 . #### Non-GAAP Measures - **EBITDA**: Was a - $3.1 million loss for Q1 2026, compared to a $1.6 million gain for Q1 2025 . - **Adjusted EBITDA**: Was a - $2.83 million loss for Q1 2026, compared to a $0.55 million gain for Q1 2025 . #### Balance Sheet Metrics (as of March 31, 2026) - **Cash and Cash Equivalents**: $6.9 million . - **Working Capital**: $25.3 million . - **Debt (net of debt issuance costs)**: $34.1 million . - **Stockholders’ Deficit**: - $2.0 million . - **Covenant Compliance**: Boxlight was not in compliance with its financial covenants related to the borrowing base or Minimum Consolidated Adjusted EBITDA under the Whitehawk Credit Agreement at March 31, 2026 . A limited waiver for these defaults was granted for the periods ended March 31, 2026, and April 30, 2026, through a May 2026 Forbearance Agreement . #### Operational Highlights Boxlight launched the FrontRow Symphony™ campus communication platform in January 2026 . The company absorbed IEEPA tariff-related costs in 2025, which impacted the Q1 2026 cost of goods sold, rather than passing them to customers . #### Outlook / Guidance Boxlight anticipates a recovery in spending as deferred demand returns, supported by long-term demand from technology refresh cycles and the ongoing shift toward digital learning . Futuresource Consulting projects global unit demand for 2026 to remain consistent with 2025 levels, which aligns with Boxlight’s Q1 2026 performance and indicates market stabilization . ### Related Stocks - [BOXL.US](https://longbridge.com/en/quote/BOXL.US.md) ## Related News & Research - [Boxlight Reports First Quarter 2026 Financial Results | BOXL Stock News](https://longbridge.com/en/news/286620210.md) - [Boxlight GAAP EPS of -$2.25 beats by $1.46, revenue of $22.4M misses by $8.45M](https://longbridge.com/en/news/286724217.md) - [The Home Depot Announces First Quarter Fiscal 2026 Results; Reaffirms Fiscal 2026 Guidance | HD Stock News](https://longbridge.com/en/news/286890512.md) - [Advance Auto Parts Reports First Quarter 2026 Results; Reaffirms Full Year 2026 Guidance | AAP Stock News](https://longbridge.com/en/news/287202242.md) - [ONWARD Medical to Announce First Quarter 2026 Results on May 26, 2026 | ONWRY Stock News](https://longbridge.com/en/news/286858298.md)