Published on 13 Apr 2023 on Simply Wall St. via Yahoo Finance
Boxlight Corporation (NASDAQ:BOXL) is possibly approaching a major achievement in its business, so we would like to shine some light on the company. Boxlight Corporation develops, sells, and services interactive classroom technology products and solutions for the K-12 education market worldwide. On 31 December 2022, the US$29m market-cap company posted a loss of US$5.0m for its most recent financial year. As path to profitability is the topic on Boxlight's investors mind, we've decided to gauge market sentiment. We've put together a brief outline of industry analyst expectations for the company, its year of breakeven and its implied growth rate.
See our latest analysis for Boxlight
Boxlight is bordering on breakeven, according to the 3 American Tech analysts. They anticipate the company to incur a final loss in 2022, before generating positive profits of US$2.7m in 2023. Therefore, the company is expected to breakeven roughly 12 months from now or less. We calculated the rate at which the company must grow to meet the consensus forecasts predicting breakeven within 12 months. It turns out an average annual growth rate of 119% is expected, which signals high confidence from analysts. If this rate turns out to be too aggressive, the company may become profitable much later than analysts predict.