Boxlight’s COO Nance Henry sells $1,412 in stock

Nance Henry, the Chief Operating Officer of Boxlight Corp (NASDAQ:BOXL), recently sold shares valued at $1,412. The transaction involved the sale of 132 shares of Class A common stock at a price of $10.70 per share on April 1, 2025. The sale comes as Boxlight faces challenging market conditions, with the stock down over 53% in the past year and trading significantly below its 52-week high of $10.65. According to InvestingPro analysis, the company currently shows signs of being undervalued, though it operates with significant debt and faces profitability challenges. This sale was conducted to cover tax withholding obligations related to the vesting of restricted stock units (RSUs) held by Henry. Following this transaction, Henry retains ownership of 8,097 shares, which include 5,271 shares of Class A common stock and 2,826 RSUs subject to vesting conditions. The figures reported reflect adjustments due to a 1-for-5 reverse stock split effective as of February 14, 2025. For investors seeking deeper insights, InvestingPro offers 15 additional key tips about BOXL’s performance and comprehensive analysis through its Pro Research Report, available for over 1,400 US stocks.

In other recent news, Boxlight Corporation reported preliminary financial results for the year ending December 31, 2024, revealing a decrease in consolidated net revenues to approximately $137.1 million, down from $176.7 million the previous year. Despite the revenue decline, the company expects an improvement in its operating loss, projected between $18.5 million and $19.5 million, compared to $26.3 million in 2023. Boxlight also estimates its gross profit margin for 2024 to be about 34.6%, slightly lower than the 35.8% recorded in 2023. Operating expenses are anticipated to significantly decrease to between $66.0 million and $67.0 million, down from $89.6 million in the prior year. In an effort to comply with Nasdaq’s minimum bid price requirement, Boxlight announced a 1-for-5 reverse stock split of its Class A common stock, effective February 14, 2025. This move will reduce the total number of authorized shares from 18,750,000 to 3,750,000, while the par value remains unchanged. The reverse split is part of Boxlight’s strategy to maintain its listing on the Nasdaq Capital Market. Adjustments will be made to outstanding equity awards, equity incentive plans, existing agreements, and outstanding warrants as a result of the reverse split.

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