NEW YORK, NY / ACCESSWIRE / April 19, 2018 / Diamond Equity Research, a leading equity research firm with a focus on small capitalization public companies has initiated coverage of Boxlight Corporation (NASDAQ: BOXL). The in-depth 18-page initiation report includes detailed information on the Boxlight's business model, services, industry, valuation, management, and risks.
The full research report is available here. Highlights from the report include:
Large Market Opportunity
Boxlight Corporation (BOXL) operates within the large and growing education and learning market, which is expected to reach $586 billion by 20211. Boxlight is uniquely positioned as a one stop solution for all interactive display requirements for education clients. The patented portfolio of Boxlight Group and Mimio have positioned Boxlight well to become a leading global manufacturer and education technology provider.
Favorable Shift Towards Technology Oriented Education
There is a significant opportunity for Boxlight to grow internationally, with large scale digitalization efforts occurring in the government and educational markets. There are also favorable industry tailwinds which make Boxlight an attractive investment opportunity, including a growing preference for technology-oriented education, an increasing demand for interactive projectors, and a shift towards more natural user interfaces for learning.
Upcoming Catalysts
The company benefits from a strong management team with deep experience within education technology. Boxlight's management team is well positioned to continue improving the company's enterprise resource planning system and execute on strategic merger and acquisition activity to enhance shareholder value. Management is also focused on continuing to optimize global distribution and build upon their established sales base and customers to sell new technologies, which should enhance shareholder value.
Attractive Valuation
It is very difficult to value Boxlight Corporation given its early stage and the limited number of publicly traded interactive display manufacturers. In our comparable company analysis, we screened for small capitalization companies within education technology, electronic manufacturing, and other vertical solution providers. We used a blend of these companies to arrive at a median enterprise value to revenue multiple. From our analysis, we have found the shares to be undervalued with significant upside if the company executes on the top line growth management anticipates. We also built a top down model and discounted cash flow in order to value the business, projecting the sales based on projected market share within the smart education and learning market. Based on an average of the two methods, we computed a valuation of $6.50 per share.
About Boxlight Corporation
Boxlight Corp. engages in the provision of interactive educational products. It designs, manufactures, and distributes interactive projectors, flat panel displays, touch projectors, touchboards, and MimioTeach through the Boxlight Group and Genesis brands. It provides features and specifications like using pens or fingers as a mouse which allows a teacher, moderator or student to write or draw images displayed on the surface. Its customers include schools including K-12 and higher education, enterprise for training purposes, government and healthcare. The company was founded on September 18, 2014 and is headquartered in Lawrenceville, GA.
For more information, visit http://investors.boxlight.com/.
About Diamond Equity Research
Diamond Equity Research provides institutional, quality research to emerging growth companies that are undercovered and undervalued. Diamond Equity Research is an approved sell-side provider on premiere institutional investor platforms including Factset, Morningstar, and Thomson One. The founder, Hunter Diamond, CFA, brings extensive experience working as a research analyst and investment banker focused on emerging growth companies. Hunter Diamond, CFA holds his Bachelor of Science and Master of Business Administration from Cornell University. The firm is headquartered in midtown Manhattan.
For more information, visit www.diamondequityresearch.com.
Disclosures:
Full disclosures pertaining to this report can be found in the report at https://diamondequityresearch.com/disclosure. Boxlight Corporation has paid for this report as company sponsored research, which is meant to subsidize the high cost of creating the report and monitoring the security, however the views in the report reflect that of Diamond Equity Research. Diamond Equity Research LLC is being compensated by Boxlight Corp. for producing research materials regarding Boxlight Corp. and its securities. Payment is made in cash and is billed one time and upfront for an annual subscription. As of 04/17/2018 the issuer had paid us $10,500 for our services, with services commencing on 03/16/2018. Additional fees may have accrued since then.
Contact:
Hunter Diamond, CFA
Diamond Equity Research
research@diamondequityresearch.com
1. Research and Markets. (n.d.). Global Smart Education and Learning Market Growth at CAGR of 24.84%, 2016-2021: Market to Reach $586 Billion. Retrieved from https://globenewswire.com/news-release/2017/01/06/904033/0/en/Global-Smart-Education-and-Learning-Market-Growth-at-CAGR-of-24-84-2016-2021-Market-to-Reach-586-Billion.html
SOURCE: Diamond Equity Research
