Boxlight Corporation (Nasdaq: BOXL) has reported its financial results for the first quarter ending March 31, 2025. The company announced a total revenue of $22.4 million, marking a significant decrease of 39.5% compared to $37.1 million in the same period last year. This decline was largely attributed to reduced sales volumes across all markets, driven by a decrease in global demand for interactive flat panel displays and competitive industry pricing. The company's gross profit margin improved slightly to 35.9%, up from 34.5% in the previous year's quarter. Boxlight recorded a net loss of $3.2 million, a notable improvement from the $7.1 million net loss reported in the first quarter of 2024. Boxlight ended the quarter with $8.1 million in cash, $1.6 million in working capital, and a stockholders' deficit of $15.8 million. The company is focusing on operational efficiency and expanding its commercial ecosystem in preparation for the next spending cycle, despite current challenges in demand due to government upheaval and budgetary uncertainties. The company's diverse mix of solutions and geographically distributed revenue base are seen as strengths for future growth.
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