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DULUTH, Ga. - Boxlight Corporation (NASDAQ:BOXL), a $2.56 million market cap provider of interactive technology solutions for education and business, has announced a strategic partnership with RedBag, a company specializing in classroom emergency preparedness and secure communication. According to InvestingPro data, Boxlight generated revenues of $135.89 million in the last twelve months, though facing a 23.1% year-over-year decline. This collaboration aims to bolster campus safety by integrating Boxlight's ATTENTION! communication system with RedBag's smart safety kits, enhancing real-time responses during critical incidents at schools.
The integration allows for seamless use of Boxlight's CleverLive technology, including displays and digital signage players, alongside RedBag's safety solutions to deliver immediate visual alerts during emergencies. These alerts are designed to be clear and prominent, ensuring that important safety information is communicated effectively, even in noisy classroom settings.
Demetrius Handelih, Boxlight's Director of Marketing, emphasized the importance of the partnership, stating, "By combining Boxlight's visual messaging capabilities through ATTENTION! with RedBag's safety solutions, we're ensuring that vital, life-saving information is seen, understood, and acted upon in real time."
The system's capabilities include coordinated alerts that can be automatically distributed across schoolwide signage, accessible communication through live or pre-recorded announcements, targeted display takeovers for urgent messages, and dynamic messaging that can adapt as an incident unfolds.
Kevin Childs, Director of Safety for Aurora Public Schools, has praised the integration as a "game changer" for school safety, noting its ability to ensure that alerts are seen and not just heard. Aurora Public Schools has already implemented 1,411 Boxlight displays, demonstrating the practical application of this new safety solution.
In addition to visual alerting, RedBag's system also supports two-way communication within classrooms, allowing staff to send updates or request assistance during an emergency, facilitating a quicker and more informed response.
This initiative by Boxlight and RedBag underscores their commitment to creating safer learning environments by equipping schools with advanced tools for emergency preparedness and communication. Schools and districts interested in adopting this integrated solution can contact Boxlight for more information. While the company's stock currently trades near its 52-week low of $1.11, InvestingPro analysis suggests the stock is undervalued, with 14 additional ProTips available to subscribers. For comprehensive analysis of Boxlight and 1,400+ other stocks, including detailed Fair Value assessments and financial health scores, explore the full Pro Research Report on InvestingPro.
The information for this news article is based on a press release statement.
In other recent news, Boxlight Corporation has reported mixed financial results for the year ending December 31, 2024. The company's consolidated net revenues are expected to be approximately $137.1 million, a decrease from $176.7 million in the previous year. Despite the revenue decline, Boxlight anticipates an improvement in its operating loss, projected to be between $18.5 million and $19.5 million, compared to $26.3 million in 2023. Additionally, Boxlight announced a 1-for-5 reverse stock split of its Class A common stock to meet Nasdaq's minimum bid price requirement for continued listing. This reverse stock split will take effect on February 14, 2025, and aims to comply with Nasdaq's $1.00 per share minimum bid price rule.
Boxlight received a notification from Nasdaq indicating non-compliance with continued listing requirements, specifically not meeting the financial benchmarks. The company reported negative stockholders’ equity of approximately $12.9 million and net losses for 2023 and 2024, with the market value of its listed securities falling short. Boxlight intends to submit a compliance plan within 45 days to address these deficiencies. If accepted, Nasdaq may grant up to 180 days to demonstrate compliance. The company's future actions and outcomes are subject to various risks and uncertainties beyond its control.
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