These are top 10 stocks traded on the Robinhood UK platform in July
Shaun Marklew, Chief Technology Officer at Boxlight Corp (NASDAQ:BOXL), a company currently valued at $2.84 million with annual revenue of $135.89 million, recently sold shares worth $1,904. According to InvestingPro data, BOXL shares have declined over 53% in the past year, though analysis suggests the stock may be undervalued at its current price of $1.28. The transaction, dated April 1, 2025, involved the sale of 178 shares of Class A common stock at a price of $10.70 per share. This sale was part of an automatic, routine transaction to cover tax withholding obligations linked to the vesting of restricted stock units (RSUs) held by Marklew. Following the transaction, Marklew retains ownership of 5,178 shares, consisting of 2,353 shares of Class A common stock and 2,826 RSUs subject to vesting conditions. These transactions are exempt under Section 16b-3 and do not represent discretionary trades by Marklew. For deeper insights into BOXL’s financial health and additional ProTips, investors can access the comprehensive Pro Research Report available on InvestingPro.
In other recent news, Boxlight Corporation announced preliminary financial results for the year ending December 31, 2024. The company reported a decline in consolidated net revenues, expected to be around $137.1 million, compared to $176.7 million the previous year. Despite this revenue drop, Boxlight anticipates an improvement in its operating loss, projected to be between $18.5 million and $19.5 million, down from $26.3 million in 2023. The gross profit margin for 2024 is estimated at approximately 34.6%, slightly lower than the 35.8% recorded in 2023. Operating expenses are expected to decrease significantly, ranging between $66.0 million and $67.0 million, compared to $89.6 million the prior year.
Additionally, Boxlight declared a 1-for-5 reverse stock split of its Class A common stock to comply with Nasdaq’s minimum bid price requirement. This reverse stock split is set to take effect on February 14, 2025, with trading on a split-adjusted basis beginning on February 18, 2025. The reverse split will reduce the total number of authorized Class A shares from 18,750,000 to 3,750,000 while maintaining the par value at $0.0001 per share. This move is part of Boxlight’s efforts to maintain its Nasdaq Capital Market listing by meeting the minimum bid price requirement of $1.00 per share.
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