Boxlight Corporation

BOXL

Consumer Electronics · Technology

Price

$3.19

-0.11 (-3.33%)

Market Cap

$2.1M

Exchange

NASDAQ Capital Market

Winston Score

Winston is worried

Weak fundamentals across most pillars.

Data as of Aug 9, 2026 · filings through Mar 31, 2026

Share count rising — dilution

+157.4% over 4y

The company has issued more shares over this period, which dilutes each existing shareholder’s stake.

Diluted shares outstanding: 41K (2021) → 105K (2025)

Boxlight Corporation makes technology products for schools and classrooms. Its main products include interactive flat-panel displays, projectors, and software tools that teachers use to run lessons and engage students. The company sells primarily to K-12 schools and school districts, mostly in the United States and the United Kingdom.

Boxlight earns money by selling hardware like interactive displays and by offering software subscriptions for classroom management and lesson tools. It operates mainly in North America and Europe, but it is a small company with a market cap near zero, meaning it competes against much larger rivals like SMART Technologies and Promethean. The company has struggled to turn a profit, with a negative operating margin and poor returns on capital, and its biggest risk is that tight school budgets and intense competition from well-funded competitors could make it very difficult to reach sustainable profitability.

Winston Score History

Growth Profile

For growth stock investors

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

+0.1% YoY

YoY Growth Rate

Slow revenue growth

EPS Growth

+73.4% YoY

YoY Growth Rate

EPS growth accelerating

R&D Spend

$4M/ year

→ Flat (+3% vs prior year)

3.9% of revenue

Below sector average (15%)

Steady R&D investment year-over-year

Insider Activity

26.8%ownership

Insiders own a meaningful stake in the company

Cash Runway

~4 months

$7M cash & investments

Quarterly Free Cash Flow

↓ Burn rate worsening

Short runway — potential dilution ahead through share issuance

Cash watch

Boxlight Corporation has less than a year of cash at its current burn rate. Growth investors should watch for potential share dilution from future fundraising — that directly reduces your ownership.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

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Quality

Gross Margin

30.9%

Modest — 30.9% gross margin

Operating Margin

-21.9%

Losing money on operations — -21.9%

ROCE

-15.3%

Weak — -15.3% return on capital

Negative ROIC means the business is losing money on every dollar invested in it.

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Growth

Sales YoY

-9.9%

Shrinking sales (-9.9% YoY)

EPS YoY

N/A

—

Data not available

EPS Consistency

5/8 quarters

Mixed — about half the quarters showed growth

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Cash Flow

Cash Conversion

N/A

—

Data not available

FCF Margin

-3.5%

Burning cash (-3.5%)

Free cash flow is negative. They are burning cash, not generating it.

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Stability

Debt / Equity

N/A

Data not available

Interest Cover

N/A

Data not available

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Valuation

P/E Ratio (TTM)

N/M

—

Negative earnings — P/E not meaningful

P/E vs Forward

N/A

not available

Data not available

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Dividends

Not applicable for this business.

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