Boxlight has been my favourite small cap for a while. As most small caps, it peaked in February and has been declining since. However, BOXL has generated a lot of revenue in the meantime and even more fantastic news.
Since me wanting to increase the position coincided with $GS buying $3.45M of stock as well, I felt confident to double down yesterday and put this as my Top 10 position (8th currently).
Boxlight Corporation is an education technology company that develops, sells and services interactive classroom solutions for the global education market. It designs, produces and distributes interactive technologies including flat panels, projectors, peripherals, and accessories to the education market. It also distributes science, technology, engineering and math products, including its robotics and coding system, three-dimensional (3D) printing solution and portable science lab.
All of its products are integrated into its classroom software suite that provides tools for whole-class learning, assessment and collaboration. It also offers professional development and training resources to educators including customized programs, online certifications and in-person courses. It provides services to its clients and customers, including installation, training, consulting and maintenance. Its products are sold in approximately 60 countries and its software is available in over 33 languages. (Source: Refinitiv)
BOXL employs nearly 200 people and is Headquartered in LawanceVille, GA, in the US. Let us look at the most important valuation metrics:
🔹️ Market Cap of $110.7M
🔹️ Revenue of $82.6M with FY1 of 157M and FY2 of 177M
🔹️ Revenue growth 186% in FY1 (!!)
🔹️ Short Interest at 7.4%
🔹️ Debt to Capital at 21.27%
🔹️ Cash of 10M
Revenues come mainly from Hardware (88%), with Maintenance and Subscriptions as well as Software at just below 5% and Professional Services at 2.37%.
The biggest Institutional Investors are: The Vanguard Group at 3.18%, State Street at 2.88% and Goldman Sachs at 2.4%
🔹️ Boxlight to Hold Second Quarter 2021 Financial Results Conference Call (03.08.2021).
🔹️ Goldman Sachs Takes $3.45M Position in BOXL (01.08.2021).
🔹️ Boxlight Announces New Podcast – Success Stories in Professional Development During COVID (30.07.2021)
🔹️ A Multi-Campus in South Africa Implements Clevertouch Technology (29.07.2021)
🔹️ Boxlight Relesaes New Big STEM Guide Volume 3 (28.07.2021)
🔹️ Boxlight: Slow, But Still Undervalued – Seeking Alpha (27.07.2021)
🔹️ The San Vincente de Paul School Implements Clevertouch Interactive Displays (22.07.2021)
🔹️ International Design Studio Implements Clevertouch Interactive Displays (15.07.2021)
🔹️ NYSED Approves Boxlight-EOS Education as a CTLE Sponsor (13.07.2021)
🔹️ Boxlight Price Target Raised to 6 at Alliance Global Partners (04.07.2021)
As you can see above, there are numerous important news for BOXL lately, from PT raises, Goldman taking a significant position, to implementations across the world. Fundamentals and ratios are somehow similar to $INPX but the most important metric is 186% Revenue growth to 157M which is almost 1.5X the Market Cap.
I have bought more yesterday to 3% of the portfolio and the highest risk exposure. Regarding PT, I would say $4.5 within 12 months and $6+ within 24 months. This is the stock that gives me near certainty in terms of doubling the share price.
PS. All my investments and portfolio are public. To join eToro please follow the link: https://bit.ly/3i7Yo3C
My Public Profile: https://www.etoro.com/people/mj_lux
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