Boxlight reports Q2 EPS (12c) , consensus (19c)

Reports Q2 revenue $47.1M, consensus $50.04M. The company said, “Although demand remained softer than expected during the second quarter, we delivered record gross profit margin and strong profitability for the second quarter,” commented Michael Pope, Chairman and Chief Executive Officer. “Our increased profitability compared to Q2 2022 is attributable to our gross profit margin of 38% and our commitment to maintaining conservative operating expense levels. We remain confident in our outlook for the remainder of 2023 and expect growth in customer orders for the second half of the year.”