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BOXLIGHT . Boxlight Reports First Quarter 2021 Financial Results • Reported $ 33.4M revenues and $ 47.7M orders , a record quarter Net loss per common share improved by $ 0.07 to $ ( 0.09 ) • Adjusted EBITDA improved by $ 2.3M to $ 1.6M • Ended Exhibit 99.1 • I quarter with $ 20.9M Backorders , $ 10.0M Cash , $ 21.8M Working Capital and $ 47.4M Stockholders ' Equity Expect Q2 2021 Revenue of $ 39M and at least $ IM Adjusted EBITDA Lawrenceville , GA _ Business Wire - May 13 , 2021 - Boxlight Corporation ( Nasdaq : BOXL ) ( “ Boxlight " ) , a leading provider of interactive technology solutions , today announced the Company's financial results for the first quarter ended March 31 , 2021 . Key Financial Highlights for Q1 2021 as Compared to Q1 2020 • Revenues increased by 484 % to $ 33.4 million • Customer orders increased by 528 % to $ 47.7 million • Gross profit margin was 25.6 % , as adjusted for the net effect of acquisition - related purchase accounting , increased to 28.0 % , an improvement of 24 basis points Net loss per common share improved by $ 0.07 to $ ( 0.09 ) • Adjusted EBITDA improved by $ 2.3 million to $ 1.6 million ● Working capital improved by 406 % to $ 21.8 million Ended the quarter with $ 20.9 million backorders , $ 10.0 million cash and $ 47.4 million stockholders ' equity Key Business Highlights for Q1 2021 • Received significant customer orders of $ 8.7 million from Tierney ( U.S. ) , $ 4.2 million from Central Technologies ( U.S. ) , $ 2.4 million from D & H Distributing ( U.S. ) , $ 2.2 million from Trox ( U.S. ) , $ 2.2 million from Digital Age Technologies ( U.S. ) , $ 2.0 million from Data Projections ( U.S. ) and $ 1.6 million from Centerprise International ( U.K. ) . • Completed phase one rollout of interactive panels in one of the largest school districts in Texas . The 3,000 classroom contract will be deployed over three years and includes Clevertouch IMPACT touchscreens with accompanying LYNX Whiteboard and Clevershare software .