Interactive technology solutions provider Boxlight Corporation (NASDAQ:BOXL) has been on the radars of investors over the course of the past week and during that period, the company’s stock has managed to clock gains of as much as 15%.
That being said, it appears that the most important trigger for the rally in the stock came about last Friday when the company announced its financial results for the fiscal quarter that ended on June 30, 2021. Boxlight delivered strong numbers as its revenues soared to $46.8 million and ended up recording a massive year on year rise of as much as 497%.
On the other hand, the total value of customer orders during the quarter stood at $76 million and that worked out to a year on year rise of a staggering 986%. The company suffered a net loss for the period to the tune of $0.04 per share.
The adjusted EBITDA for the quarter came in at $5.4 million. In the prior year period, Boxlight generated no adjusted EBITDA at all. At the end of the quarter, the company had $7.4 million in the form cash and $51.1 million worth of stock holders’ equity. The total value of all back orders amounted to $48 million.