$BOXL today announced it has acquired Sahara Presentation Systems PLC, a leader in distributed and manufactured AV solutions.
The total purchase price was GBP 74m in the form of GBP 52m cash and GBP 22m preferred stock.
Headquartered in the United Kingdom, Sahara is a leader in distributed AV products and a manufacturer of multi-award winning touchscreens and digital signage products, including the globally renowned Clevertouch and Sedao brands.
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Matthew Cameron 07:05 PM 09/24/2020
$BOXL Boxlight today announced the acquisition of three LAN based screen sharing patents and one pending patent application from Circle Technology, Inc. The acquired intellectual property portfolio will increase Boxlight’s protections around its education software solutions in a time when the adoption of one-to-one student devices is an industry standard. #neutral
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Matthew Cameron 06:11 PM 09/22/2020
$BOXL today announced its entry into a funding agreement for gross proceeds of $22m with Lind Global Macro Fund, LP.
"Proceeds from the investment, along with the $34.5 million in gross proceeds from our July 2020 offering, will be used for future acquisition opportunities," said Michael Pope, Chairman and Chief Executive Officer at Boxlight.
Raising equity for acquisitions keeps management irresponsible for growth and financial state of the company #negative
Boxlight Corporation stock price chart
Boxlight Corporation financials
mln. $
FY2014
FY2015
FY2016
Revenue
29.285
3.377
20.372
EBITDA
-2.272
0.000
-0.933
Net income
-2.970
-2.259
-2.062
CAPEX
0.000
0.000
0.000
Debt
0.000
1.015
7.779
Cash
0.000
0.994
0.457
About Boxlight Corporation
Boxlight Corporation operates as an educational technology company. The Company offers interactive educational products such as classroom learning technology, professional development, and support services. Boxlight serves customers worldwide.
