Interactive technology solutions provider Boxlight Corporation (NASDAQ: BOXL) has been on investor radar over the past week, and during that time the company’s stock has seen gains of up to 15%.
That being said, the main trigger for the stock’s rally last Friday appears to have been when the company announced its financial results for the fiscal quarter ending June 30, 2021. Boxlight delivered strong numbers as sales jumped to $ 46.8 million and saw a massive increase of up to 497% year over year.
On the flip side, the total value of customer orders for the quarter was $ 76 million, up 986% year over year. The company suffered a net loss of $ 0.04 per share for the period.
Adjusted EBITDA for the quarter was $ 5.4 million. In the same period of the previous year Boxlight generated no adjusted EBITDA at all. At the end of the quarter, the company had $ 7.4 million in cash and $ 51.1 million in equity. The total value of all back orders was $ 48 million.