Deep Value: cash covers more than 100% of the stock price

This company holds roughly $4M in cash and investments — more than its entire stock-market value, based on its latest quarterly filing. You're paying very little for the actual business. Sometimes that's a genuine bargain or a takeover target, sometimes it's cheap for a reason. Not a buy signal on its own — always ask why it's this cheap.

Boxlight Corporation

BOXL

Consumer Electronics · Technology

Price

$5.66

-0.31 (-5.19%)

Market Cap

$3.8M

Exchange

NASDAQ Capital Market

Winston Score

Winston is worried

Below-average fundamentals — multiple weak pillars.

Data as of Aug 23, 2026 · filings through Jun 30, 2026

How the score breaks down

Quality

Mixed

Growth

Mixed

Cash Flow

Weak

Stability

Data not available

Valuation

Data not available

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Share count rising — dilution

+157.4% over 4y

The company has issued more shares over this period, which dilutes each existing shareholder’s stake.

Diluted shares outstanding: 41K (2021) → 105K (2025)

Winston Score History

The full picture

Boxlight Corporation makes technology products for schools and classrooms. Its main products include interactive flat-panel displays, projectors, and software tools that teachers use to run lessons and engage students. The company sells primarily to K-12 schools and school districts, mostly in the United States and the United Kingdom.

Boxlight earns money by selling hardware like interactive displays and by offering software subscriptions for classroom management and lesson tools. It operates mainly in North America and Europe, but it is a small company with a market cap near zero, meaning it competes against much larger rivals like SMART Technologies and Promethean. The company has struggled to turn a profit, with a negative operating margin and poor returns on capital, and its biggest risk is that tight school budgets and intense competition from well-funded competitors could make it very difficult to reach sustainable profitability.

Growth Profile

For growth stock investors

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

-16.0% YoY

YoY Growth Rate

Revenue declining

EPS Growth

+103.8% YoY

YoY Growth Rate

EPS growth accelerating

R&D Spend

$4M/ year

→ Flat (+3% vs prior year)

3.9% of revenue

Below sector average (15%)

Steady R&D investment year-over-year

Insider Activity

26.8%ownership

Insiders own a meaningful stake in the company

Cash Runway

~4 months

$7M cash & investments

Quarterly Free Cash Flow

↓ Burn rate worsening

Short runway — potential dilution ahead through share issuance

Cash watch

Boxlight Corporation has less than a year of cash at its current burn rate. Growth investors should watch for potential share dilution from future fundraising — that directly reduces your ownership.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

Each metric is explained in plain language so you know exactly what you're looking at. Start your free trial now.

Quality

Profit per sale

Gross Margin

49.8%

Healthy — 49.8% gross margin

Profit after running costs

Operating Margin

4.0%

Thin — 4.0% operating margin

Return on the money invested

ROCE

3.2%

Weak — 3.2% return on capital

ROIC between 0% and 5%. They earn a few cents back per dollar invested in the business.

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Growth

Sales growth

Sales YoY

-8.1%

Shrinking sales (-8.1% YoY)

Profit growth

EPS YoY

N/A

—

Data not available

How steady the profit is

EPS Consistency

6/8 quarters

Earnings grew in most of the last 8 quarters

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Cash Flow

Profit that turns into cash

Cash Conversion

N/A

—

Data not available

Spare cash per sale

FCF Margin

-3.7%

Burning cash (-3.7%)

Free cash flow is negative. They are burning cash, not generating it.

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Stability

What it owes vs what it owns

Debt / Equity

N/A

Data not available

Covers its interest

Interest Cover

N/A

Data not available

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Valuation

Price vs profit

P/E Ratio (TTM)

N/M

Negative earnings — P/E not meaningful

Cheaper or dearer next year

P/E vs Forward

N/A

not available

Data not available

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Dividends

Not applicable for this business.

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