Earnings call transcript Q4 2022

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Operator

Thank you and welcome to the Boxlight Fourth Quarter and Full Year 2022 Earnings Conference Call. By now, everyone should have access to the press release issued this afternoon. This call is being webcast and is available for replay. The remarks today will include statements that are considered forward-looking within the meaning of securities laws including forward-looking statements about future results of operations, business strategies and plans, customer relationships, market trends and potential growth opportunities.

In addition, management may make additional forward-looking statements in response to your questions.

results on are knowledge and subject may the based of expectations uncertainties are from cause and materially today to actual statements management's statements. and current as and the Forward-looking forward-looking differ to certain risks such Form A XX-K, are contained recent and SEC. other reports and in detailed risks uncertainties company's the discussion most the of XX-Q Form filed with to no company obligation update any statements. undertakes The forward-looking

results, to in provide will management to measures the combination refer press understand with posted will website used company's financial has GAAP directly boxlight.com. release, analytical On The this call of be earnings company's at GAAP on the additional that, non-GAAP in to the tools company when Investor the the comparable section which measures operations. provided most reconciliations Relations

hand and And to call the Officer, Executive with Michael over that, Chief Pope. Boxlight's I'll Chairman

Michael Pope

our Wiggins, thank XXXX and Mark and Greg for earnings you Financial Also everyone Starkey, joining call. year Hello, quarter are our Officer. me joining and full President; Chief our fourth

the and which low in exchange currency changes industry of We quarter quarters a of demand several we after half guidance rates short for of decline The the of the QX across softer was reported during result fourth revenue from XXXX. QX a believe slight production and revenue foreign our is temporary million second $XX XXXX, slowing a revenue our substantial in in growth.

slight generated On growth a constant a X% revenue for currency fact in quarter. we of the basis,

over $X.X and improvement than guidance million our profitability XXXX. an We greater also million of $X.X generated million in including EBITDA adjusted better-than-expected of $X QX

margin of result to best points a QX X,XXX date XXXX. was profit and profitability strong of our our increase mainly result higher over basis an XX%, Our of gross

adjusted year XXXX, in EBITDA. we in For million the delivered and million $XX revenue $XXX full

the bottom-line. an of consistent last growth have demonstrated we three improving revenue each years For and

positive million loss revenue million EBITDA time $XX During to grew a $X and to from million was strategic that of that of growth million. improved to due adjusted $XX Much from $XXX acquisitions.

growth, organic our line. and operating However, held we expenses profit margins lifted gross double-digit produced also in substantial

second million. half from cash the $X.X to operations debt by generated million in During $X pay XXXX, down allowing facility flows of our us we

XX, balance X.X of current X.X which times assets is less As full adjusted debt $XX at was our manageable EBITDA. million, times our December year XXXX than and

And long-term We to recently drive business continues stock our program. intrinsic times announced of we our growing mature, strategically repurchase during to repurchase cash $XX trading we will to as a below flows value that the shareholders, share million are operating we our expect our deploy including value.

we position At inventory December million $XX healthy in in and sheet reported million million in working XX, capital. $XX a cash, $XX balance including

particular key strong across in Our inventory is position each products. of our markets key in all our and of

modest for single-digit expecting are XXXX. We year the revenue full growth

bulk the will believe the year. growth the we of that come However, during of second half

For guiding to in XXXX, are $X we million revenue in QX, EBITDA. and adjusted $XX million

intake. full both confidence and increases leading indicators due registrations year revenue pipeline, recent our order which is delivering growth in sales in for to Our overall are opportunity

are US government still in substantial European particularly available and solutions, technology to the there Additionally, funds education markets. select purchase

to districts over In the to make set obligated and few are meet not of by of the billions deadlines. to if XXXX. September purchasing decisions September ESSER United those significant States, expire, dollars School XXXX be funding next will quarters scrambling

nearly Greg state of upgrades. improvements, use safety Abbott million proposed of school $XXX to funds State including the Governor Texas, the In technology in make

is for state. a prime Attention! and are promoting Our candidate Technology those Boxlight actively funds we the that solution Solution Integrated across

and cloud IMPACT our platform and including platform Max. Conductor CleverLive FrontRow intercom management our Attention! campus-wide Clevertouch MimioPro paging, combines communication our displays and flat-panel emergency with X

competitors in has US are headquartered Although, in in are our largest come Western particularly proud and additional we under Atlanta, Many the globally, foreign-owned, sell our be which to Europe. solutions recent of we scrutiny Georgia. quarters,

privacy. is concern and specific security data Of

how Our data certify not or and Europe is sensitive user governance. accessible user by software data that solutions and foreign student we are the and that and developed can US, housed UK corporations in

integrated continue enhancing We offer suite existing the XXXX solution bringing during substantial and to solutions we to market. solutions made on and in the most comprehensive progress both market our new

to generation we In suite, MimioConnect. CleverStore, CleverLive, and all-in-one including wireless recent hubs digital video months, substantial walls, our LED the new displays signage panels, LYNX US CleverShare, and Conductor, announced our interactive Whiteboard market, flat enhancements presentation for software

recognized We are and often with the leading and accolades. are innovation industry awards consistent in delivering

received we for XX Professional Learning offerings service X, Education printers month EOS MimioPro Development Services. and Attention!, our last hardware, Tech from XD of CleverLive, several & awards Just including software and Robo

In major our be our expect number technology to and articulate the industry fully we mission where compete. in every market statement, we the vision be of leader provider Boxlight solutions one we to interactive

"We read be business partner trusted recently be a diverse stand by vendors, and the also all a a and We paragraph ethical, We customers, our commitment practices". our to profit strive mission stakeholders. employees to to of earn our updated inclusive partner and fair statement investors embracing to trusted to while last to

deliver and in at team of to our and to likely McKinsey us creative recent a for problem-solving outperform their Additionally, planning connections Inclusion XXXX. enhance companies with deeper unison executive XX% thinking, Committee, diversity, a and diverse enables our ethically ability to and has the put topic more Diversity equity culture partners strategic peers. the diverse inclusive inclusion with are and of study, our customers Per our top

and is anticipate change times are six likely Also more likely Deloitte targets, to recent be more likely to for to five and respond or a meet an culture times innovative study effectively. times with companies inclusive financial exceed two

a key as our advantage is company greatest Our people. asset our competitive

whom to with I'm hired a and make employees the work competitors came committed are and to We reality. have employees of in successfully dedicated from retained believe best company our our vision it in and and that business, proud talented, many loyal the

President, will to Mark time I Starkey. With that, now turn over our the

Mark Starkey

of general and expect pandemic booked million QX, The due phasing we We in follow and QX. tech Michael. future QX expect $XX.X orders orders further year. X.X% post down ad to primarily QX more in sorry, to decrease order with slowdown we -- orders is traditional last intake closely the during you, stronger Thank in a

our the was For year, million compared order $XXX million, X.X% full growth. intake representing year-on-year with XXXX, $XXX in

of our goal. remain remains to profitable QX gross GP focus on Our in strong a has we XXXX. expect been building XX.X% record We margins a business improving and central strong margin to gross percentage FY and this throughout percentage achieved

Distribution million distribution the orders from few. Avion included $X.X $X.X key million quarter, Bluum during in Some million Distribution, partner, Informatique from the U.S., in from from Belgium a in in Finland, DK from Unit the million $X.X of and $X.X from $X to in Graphics Interactive million our $X.X U.S. ESI our received U.S. name Denmark, D&H million

actual decline to the increased in small the QX our U.S. year order data in from in from market X.X% in last share Despite year to Futuresource. according this intake, X% QX

marginally EMEA X.X% to share Our decreased QX. X.X% during from market

winning expectation market up German is X% our team will XXXX contracts. in our and that speed FY Our share get EMEA start significant as increase to over in new to

users, had some the we terms great end In quarter. during of wins

in had particularly platform communication have campus some campus Our several the wins is Texas we excellent in traction, featuring safety. easy gaining and investing with school FrontRow region room heavily districts

School of in These projects continue large-scale roll platforms the at District part Diego software are to teachers our based widely relationships and growing business LAUSD. that used San We in each long-term are district. by out on

beat city with Mississippi solutions roll a Bluum. In the great In College the We solutions. of operability a to won District project and we out out multi-campus Malacca and our of won we Cambridge. district also School in each we screens competition Mimio Ireland, the the in functionality and won Dartford, a for the Gulfport North instance, of software to UK, kick great their tenders and at project of at Germany, based on Gravesend rollout In Durant. city our Kent

The customer flexible security-rich a needed and solution.

aspects. IMPACT Android expectations screen all their Our Max XX in exceeded

their We solutions Aerospace communications rollout Babcock and national UX training. providing with also Pro our our continued for unified

and both margins US across In summary, focused and the improving EMEA our on operations. QX was profitability

We throughout XXXX. expect FY that to continue

that, Wiggins. With will turn Greg now CFO, call I over our to the

Greg Wiggins

the quarter Mark, XX, the were revenues. the revenues X.X% compared prior three the months impact XXXX compared QX for December in our months afternoon, revenues XXXX $X.X for for Thanks, million totaled now XXXX ended decrease. December Revenues $XX good XXXX million headwinds will FX or fourth as three to to and total months December FrontRow quarter. everyone. a year ended, ended review to million our in XX, XX.X% resulting of operating $XX.X continued three I results. XX, approximately

totaled $XX.X Taking at $XX.X ended markets a total our increased basis, or X% of approximately QX XX% revenues. million revenues. our for revenues, On or EMEA of XXXX revenues while revenues currency from XX, totaled a of $XXX,XXX constant December XX% revenues or look X% totaled revenues Americas total closer XXXX. our the three million months total revenues, other operating

namely Our European are of and a total customers. by customer based of of across approximately the top sales XX% U.K. total XX% largest covered XX US, top the sales other are QX, approximately XX% in represented XX and the at customers with number countries. single markets Approximately

comprised balance solutions at accessories. displays, classroom QX professional software, of related In total solutions. to of the services, of approximately STEM with largest comprised revenues approximately balance XX% XXXX, of the XX% audio total revenues panel are our hardware proportion our device flat which related and The to and

for Gross to XX, XX.X% months over profit December three profit XX, an margin for XX, the comparable for basis XXXX. million, was of three XXXX. which the the as was in $XX.X is three $X.X compared months points ended December December million ended increase months X,XXX XXXX three Gross XXXX ended months the

was XX, effect gross the to margin freight period ended profit to due year year associated three margin The compared compared purchase in XXXX lower costs, costs months the adjusted of prior XXXX. for products, manufacturing to the continued XX% acquisition-related for and with in margins profit the prior adjusted QX December higher period. accounting Gross FrontRow as primarily reductions over XX.X% improvement as is net in

ended Operating included related XX, $XX.X expenses was for of FrontRow expenses operating compared activities. the to QX December three operating Total expenses million to ended XXXX in for XXXX XXXX. million December million three the months XX, months $XX.X $X

for prior XX, Other the XXXX million to three net XX, of of December ended $X.X expense expense months to ended ended offset agreement, a $X.X credit of an debt as settlement the $X.X million, interest XXXX. three facility. months the compared December expense months the December partially net under XX, was $X The previous December increase to with $X.X of borrowings from of XXXX, reported million QX coupled recognized months of associated value for with million, expense in three a due recognized in million fair increase a the the the by was our of million year loss in increased of ended of derivative primarily compared company million liabilities $X.X XX, net gains net XXXX, our change three $X.X loss XXXX. loss for related in The as to for

Net the respectively, after XXXX. three XXXX loss December Series and shareholders million $X.X preferred and both attributable common approximately was $X.X dividends of XX, months $XXXXXX million ended shareholders XXXX for and the XXXX B to deducting fixed to in

for the XXXX million million the December of compared income loss respectively. million, on $X.X with quarter currency ended three for effect foreign of XXXX, net reflecting $X.X the ended and adjustments December ended comprehensive the Total months gain December million the XX, comprehensive XXXX in months to consolidation three effect $X.X was XXXX the of three for months $X.X and total XX, XX, translation

the $X.XX December XX, months $X.XX XX, EBITDA $X.X Earnings months to XXXX the ended ended ended ended and for December three and December months basic million, XXXX. December a months a per of share loss as negative the XX, million share, for three diluted of XX, was the for XXXX $X.X for was three loss loss EBITDA per XXXX. three compared

certain the for ended in the adjustments compensation December gains/losses $X.X accounting remeasurement derivative debt to connection the months was the upon XX, EBITDA settlement three stock-based acquisitions. gains/losses and the liabilities, three for XX, million expense, months December recent purchase million, negative instruments XXXX XXXX. as EBITDA Adjusted to recognized of of of effects from ended include compared with $X.X Adjustments

year December as $XX.X EBITDA the the as to ended XXXX. XXXX. the for Adjusted XX, EBITDA for million, $XX.X for for the year XXXX was $X.X XX, XX, ended year December December compared XXXX year ended compared $XX.X December XX, million, was million ended to million

common At preferred December and had and XX.X shares stockholders' equity. in issuance $XX.X shares million Turning in X.X to of XXXX XX, net At debt $XX.X million in million XX, cash, of $XXX.X costs issued $XX.X and million balance sheet. the debt, had December XXXX $X.X working inventory, $XX.X and million outstanding. million issued million in Boxlight in $XX.X Boxlight in million total million capital, assets, outstanding

up that, questions. the we'll open With for call

Operator

At Brian first for Partners. you. open Alliance is your the this today is Kinstlinger And floor Thank question from Global live. [Operator line time, is questions. the Instructions] Brian, coming from

Brian Kinstlinger

Great. much. so Thanks,

gives and First, you of expect strengthen? you why? was temporary. mentioned, the you when second demand you that Is do confidence? What the year thought lower that half demand And to

Michael Pope

Yes.

couple a the question, So Brian. you'd Mark, can of in you Thanks And thoughts. if for after like. jump

low some year. So there's if a although part reports, at really you lot things we latter expectation There going to for products a will single-digits. XXXX, key it's And demand industry of is closely be the reports. our greater be watch is, of the we're the of watch. One that down XXXX seeing is over we And industry there. look couple at pretty

dramatic in XXXX. a not it's decline So

said, with the position believe been we're share. has It's some taking to that we lot take share our Now of been and growing being not in market industry. market a growth still a

and much in it the going last pipeline been higher a sales sales But that also big over reseller latter then of on registrations looking of a macro part based the track in greater our we've we or few our we opportunity registrations then pipeline off sales from pipeline see there's indication to see our growth. of registrations year. we bring And at sales business, seen in And to surge lead own partners. and level, we is which for just growth the weeks

year year, top that team this we've the support on some of into of our beginning in added add of territories salespeople we've our in some last in and latter I'd of coming sales hired part the invested we team. additional key

the the perhaps at combination basis registrations this So combination we modest looking sales a a of us albeit resources what's at micro happening all our growth that of growth. broader thrown pipeline industry, also that growth that within to believe and our of team, we've single-digit additional at on see the and leads looking then will year sales

Brian Kinstlinger

Great.

Mark Starkey

that still the there's The got is ESSER we going that's III other right? be be approximately on spent by -- year. That's $XX billion thing you the September in add for to believe to left I'd funds US, Brian Michael next to spent

still going amount there but funds, to it, a So it. right? So those needs which we're be funds a of or it massive the significant okay, out of spent to are percentage lose use get those not schools, money there lose is by otherwise they

demand the come we back. So think will definitely

Brian Kinstlinger

One follow-up.

Okay.

Michael Pope

on the add XX season is on just June a I'd And so in the point, education education -- education year-end. public buying that US,

time year they're in April budget. for so particular, And year in this school planning you see March, February, the new of

now technology lot an so spending. think the and they We buying a been And stepped think schools definitely to making there be a decisions year. took a come kick influx bit QX, see they're spending. kick spent of of we is to of making was were bit and we're right and because next a a where they'll little -- we that in part decisions but reason spending breather think increase post-COVID they're in now in there's in and I believe a low to But QX back start will going again just definitely of big little in,

Brian Kinstlinger

Great.

be I revenue the November solid, was here, looking, think is call was strengthening we thought would little our higher. when last would still why had conference backward follow-up. a which why It's is pipeline a pipeline Just more back you which in the

demand? didn't delays the what led you in that lower-than-expected What expect transpired So to there purchases? Was happened? that

Michael Pope

Yes.

I couple... a thing a couple think

Mark Starkey

I'd to Michael, jump. love

first. you're Okay,

Sorry.

Michael Pope

jump go to go first in No, you ahead, ahead. Yeah. if want

Mark Starkey

Yeah.

basis numbers, impact end The had the small actually decline on our decline. thing which would a if there you X% say FX actually a had currency that at growth a is FX. QX, it constant we Brian There basis, on you without in actually QX be or huge was I'd but on look dollar at definitely first look we the QX, in of and a then at when why a

our numbers impact big So in QX definitely. FX paid a

Brian Kinstlinger

Okay.

Michael Pope

-- last that order that think I slowing I mention mention was intake it in Yeah, that QX year. because that. I'd Brian knew of we But also slowed would

So revenues. of -- intake order slows that. order slower in already on which when we knew lower course results reported intake We that

guided softer a expected. we than expected it So we but softer, QX, down already than somewhat little little but a being bit bit up in dramatically softer just we ended what not what

Brian Kinstlinger

you second margins the a assumptions XX% one vague And there was in was in highest it little much gross volume sustainable? gross because on Does of does it's through of assume Now was the non-recurring FrontRow. your us history. stronger it was big mentioned you your Just but and there? your mix? than anything margin kind expect a piece think that first But sorry, I for I take is depend year, so mean of that typical. strong

Greg Wiggins

Brian, this jump Yes. one. in first I'll on

a throughout to maybe of up the add to holding little year. color rest more margins So the

results -- I noise north specific to think we think hold I of XX%. to I think any little there's a don't going think to we commit XX%. they're QX. would the I more for don't in up now we be that

A factors. I driving costs FrontRow manufacturing reduced which just the costs, coming not freight really lot so through in FrontRow our margin. positive strength the impact et would year. growth it's -- margin for combination had of entire have this a reduced we the positive does actually a in is a quarter cetera disclosed. impact. every say of And It is

for north of back I the would progresses. little margins of rest the trending a year XX% year far think up the is we think duration of them holding year the closer as expectation XX% as our throughout the to maybe the view as I

Michael Pope

FrontRow, Its Brian.

December of acquired in XX we FrontRow, FrontRow XXXX. mentioned You

numbers had XXXX. the we FrontRow year So in our full for

quarter-to-quarter focus So higher benefit you're looking higher margin margins. wasn't if The you're if -- on profit gross comparing real that from was new.

a prices was focus with buying major and lower inside better costs. us that So transportation freight then the drive and trying higher the then that to company combined and

Brian Kinstlinger

touch wanted on to I lastly, pricing. then And

and I competitor the more competitive think there last with anything from to the trying pressure, but little market? any we Has spoke potential wasn't there changed in a down. one obviously positioning out market a going there going bit pricing Is there's a be aggressive? pricing

Michael Pope

that pricing. competitors absolutely we more aggressive know, some have You have

ourselves price the we which way that talk the services. about includes selling the on to And we're just So do. the going our solution we higher lower total about than guys be price leader. It's not We're about is low-cost in we market value, software the solution. not a hardware It's point which end.

so a And we'll there's reason charge more. a bit little

broader being But price pressure in there will believe near the future. that said be we

does mean? what don't I know. Now that

going interactive because of product any out see to it's certainly going think some panel a few the our price displays flat that. cycle pressure sees I life be But quarters. on to we're just of

high And be has which to which just so STEM to cetera. our on includes our It's going ability margins to based going to suite, accessories et our solutions solution higher IFPD. software is margins our not higher be are which broader sell ability margins maintain and

term to product be -- suite successful So function going but be a maintain we more can believe maybe a us high margins to being matter again, continue with and broader that it's of long in product -- the to mix. we our short our of is selling going midterm

Brian Kinstlinger

you. Thank

Operator

from question have your live. did another Thank Instructions] line Group. Jack And Vander from you. Maxim [Operator Aarde come we is Jack,

Jack Vander Aarde

with announcement the thought appreciate you mentioned share I start I the -- was great. maybe, recently. want maybe see taking the announced you Okay, share the I understand use guys. that positive my release to whenever Michael just think share whenever I'll value. in press you program maybe just a questions. buyback quickly that it you'll update for Thanks intrinsic the below

used maybe so do of provide intrinsic you And future? you program perceive repurchase any there just So, can as to-date share can have whatever you to the near speak to plans value? what in are or you color the on

Michael Pope

for Thanks Jack Yes. the question.

few facility $XX yet, years the we So, Board. by were over of million purchase of exercised but to-date, to approved use not stock up that our we the to have the next

going So, to it's we're to a facility or use. use we expect

pretty cash that look and the excess going watching really when, a that matter or have we to whether and about year. going happens, significant way cash start we be of I or look investing at particularly back. as of debt generation in the months, Speaking talking And it's second back. that number our potentially expect to best And stock a expect generate to closely we'll flow that cash closely to spend flow business half the at we're it's flows, in of that very that the short our we're buying cash paying in purchasing shares down of

we should know They significantly you regular should at And is, in it'll a on that well where like all but believe if market Speaking say course we revenue I And shareholders below specific you're be. going feel that the where conclusion. a believe that that current type I'll give multiple earnings I'll be. of the any of come we we what look true to talk to or -- don't to to basis. that's you our we're value of is we intrinsic below number, value true I that's think

Jack Vander Aarde

response. that the decline a in time. appreciate when we -- or terms the last then slowdown it think in I demand of started business seeing experiencing at mentioning in I was great. you demand FrontRow Okay, happen that a And were experiencing greater quarter maybe

a business were like has quarter. forward, quarter you in in just expecting changed? It XXXX. your seems this it I positive the expectations contributor to a think guess I though And strong was have net rebound fourth looking last

the demand FrontRow with of So, outlook. in maybe what's specifically just about happened talk terms the

Mark Starkey

want you to want to one? take me one do that take or that do you Michael,

Michael Pope

in that? on how Yes about Mark you jump

Mark Starkey

Yes. Yes.

can particular integrated than have what Mimio with we've was things solution I getting lot the campus, ATTENTION! and right. can solutions solution an call so both in campus. we an it part on we audio but is screens that seeing to the that not last customers particular we are FrontRow we FrontRow attention how solutions. because mean they In But expected the year. K-XX definitely alert, of a and give seeing an across So, we just integrated their we into integrated that slower alert, little Clevertouch, pick up an have you're that which FrontRow of have integrate all are a for show

That integrated competition sales us recently US. having we not for two is picking from more seeing being really in business our sales it the that differentiates solution. the definitely the is it's integrated FrontRow. into things And are And up force, The sales force business one forces now.

So, positive things us FrontRow more for definitely the are on side.

Michael Pope

more I And quite months, a and been more school to focus in being weeks in that recent a Yeah. communication I addition in think great communicate any tool way needed. would partially to That on interest safety. product add there's to ATTENTION! due bit

screen speaker the every In across every emergency well event those emergency the alerts as campus alert, that the an both as across can throughout push there is we campuses.

unique So to more the and to us that. focus really it's unique that is is ability there on do and

and talked We with State an quite of specifically this And Audio. the funding business in do think Texas around could year we Texas a safety. opportunity of that we about bit school with government in

But more said that, what we're interest. would I Mark echo just seeing

sales in XXXX had see we whereas of I think going Audio up-tick as what was to below mentioned an expected. you XXXX you're

Jack Vander Aarde

a out It's to flow operations. moment been point you on positive full cash big your of from want for Okay. despite Great. headwinds, guys. color. do long mention I congrats It's and a coming. time appreciate year I the first But these

great was see. that So to

imagine seems. As the is even about just in to you're outlook operation from you cash from cash pretty confident environment speak with in look Can a growing XXXX, your flow flat forward I growing it that cash operations? you

And is do more else cash business? the maybe organic where look Is there reinvesting you in use? builds, terms of of the or it additional as growth of putting acquisitions, that to at that in

Greg Wiggins

Yeah.

paid Obviously to are reserves on in building the think cash we what in million the about of QX. cash in I up building principal it's business. adequate down we near-term $X.X our going be debt feel

operations. with cash and -- So was that from paid flow

of alluded part in serves that back of ways business other and to -- potentially earlier, to level sufficient our also up there. building a building cash buybacks it's Michael reinvest to of So share it in with kind is the as

both an From our targeting areas grow our and lot to in the right target standpoint, sales I the room We're of organically acquisition sales EMEA there's feel increase think to in. efforts a we efforts business. U.S. or like now new

So short-term the uses kind cash. our for of the those are probably of primary

Certainly, will of paying down avenues from continue either through there's to other pay explore whether we share we -- as structure and our to it's or we we as explore those attention are capital we kind that throughout options. up. maintaining the it's could that debt sure really year progress just reserves near-term building making But I And think in cash fiscal the good and XXXX. buybacks

Jack Vander Aarde

for Okay, Thank you. guys. great. me That's it

Operator

other I to to questions time. lines the at would no now remarks. from Thank Pope, Michael like for back there you. hand this were the call And closing

Michael Pope

QX you we May, forward quarter for conference results. your XXXX our fourth today to for and support on joining XXXX our you in report everyone speaking to look again Thank when us We call.

Operator

you. conference. today's does conclude This Thank

wonderful you disconnect participation. You this time. Thank have at may a day. And your for

Boxlight (BOXL) 15 Mar 232022 Q4 Earnings call transcript