Boxlight Corporation Class A Common Stock (BOXL)

FairStock Score: 56/100 — STEADY

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

I look for durable earnings, a moat, and a balance sheet that can survive mistakes. Boxlight does not yet show that. Revenue fell from $176.7 million in fiscal year 2023, the year ended 2023-12-31, to $135.9 million in fiscal year 2024, the year ended 2024-12-31, and $109.2 million in fiscal year 2025, the year ended 2025-12-31. Net losses in those years were $39.2 million, $28.3 million, and $23.8 million, respectively. Fiscal Q1 2026, the quarter ended 2026-03-31, still lost $6.5 million, but fiscal Q2 2026, the quarter ended 2026-06-30, earned $509,000 on $25.9 million of revenue—a tiny 1.96% margin. One profitable quarter does not erase years of losses. At the 2026-10-13 close of $2.80, FairStock calculates a price-to-book of 0.93 and a negative P/E of -0.02. The price-to-book may look Graham-cheap, but book value is not dependable when returns are terrible: FairStock calculates ROE at -677.22% and ROCE at -8.99%. Free cash flow is -$5.0 million trailing twelve months, a -112.6% FCF yield against the $4.4 million market cap. FairStock also shows an Altman Z-score of -2.37, a Piotroski F-score of 4/9, and no Lynch category because the company lost money in each of the last four years. Debt-to-equity of 33.10 is not the main worry; repeated losses and cash burn are. This is a competitive hardware business with only 155 employees, no obvious moat, and revenue still shrinking. I would need consistent profits and positive cash flow before treating the low price as a margin of safety.

In plain English: Boxlight sells interactive displays, audio systems and other classroom technology to schools, businesses and government. The business looks weak: sales have been shrinking and it lost money in each of the last four years, although the latest quarter showed a small profit. The stock price looks low compared with what its books say it is worth, but because profits and cash flow have been unreliable, it is hard to call it truly cheap.

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Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q2 2026 10-Q (period ended 2026-06-30) · fiscal Q1 2026 10-Q (period ended 2026-03-31) · fiscal Q3 2025 10-Q (period ended 2025-09-30) · fiscal Q2 2025 10-Q (period ended 2025-06-30) · FY2025 10-K (period ended 2025-12-31) · FY2024 10-K (period ended 2024-12-31) · FY2023 10-K (period ended 2023-12-31)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer