Over Bought or Over Sold? Boxlight Corp (NASDAQ:BOXL)

Boxlight Corp (NASDAQ:BOXL) continues to recover gradually on Wednesday.

Market Action

As of 11:29, BOXL stock has moved up over 3% or $0.07 to $2.36. total traded volume was 3.48 million shares, compared to its average volume of 4.40 million shares. The stock has moved in range of $ 2.2000 – 2.3800 after opening at $2.20.

BOXL Released News Last Week

Boxlight Reports First Quarter 2021 Financial Results

• Revenues for the three months ended March 31, 2021 were $33.4 million as compared to $5.7 million for the three months ended March 31, 2020, resulting in a 484% increase due primarily to the acquisition of Sahara in September 2020.
• Gross profit for the three months ended March 31, 2021 was $8.6 million as compared to $1.6 million for the three months ended March 31, 2020.
• The Company reported a net loss of $(5.2) million for the three months ended March 31, 2021 as compared to a net loss of $(2.0) million for the three months ended March 31, 2020.
• The net loss attributable to common shareholders was $(5.5) million and $(2.0) million for the three months ended March 31, 2021 and 2020, respectively, after deducting fixed dividends to Series B preferred shareholders.
• The EPS loss for the three months ended March 31, 2021 was $(0.09) per basic and diluted share, compared to $(0.16) per basic and diluted share for the three months ended March 31, 2020.

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