With the coronavirus pandemic raging across the US, investors need to be looking at the big picture when placing their bets. So far, we have seen great success with the work from home plays, Zoom Video, Netflix, DocuSign, and many others. With the fall school season approaching, investors need to focus on the school from home plays. The best bet in the sector looks to be Boxlight stock.
About Boxlight Stock
First up, here’s a little background info for those that aren’t familiar with Boxlight stock. Boxlight Corporation is a leading provider of technology solutions for the global learning market. The company aims to improve learning and engagement in classrooms and to help educators enhance student outcomes, by developing the products they need. The company develops, sells, and services its integrated, interactive solution suite including software, classroom technologies, professional development, and support services. For more information about the Boxlight story, visit http://www.boxlight.com.
Boxlight and Samsung
Boxlight and Samsung Electronics have a strategic partnership to bundle classroom displays, classroom software, and professional development for the education market.
The education bundles combine Samsung display innovations with Boxlight’s OKTOPUS education software and online professional development courses. The bundles provide teachers a complete solution that can be easily adopted to create an engaging learning environment for students.
Samsung display solutions for education include digital signage, interactive Flip 2, and QBH-TR displays. Boxlight’s OKTOPUS software provides a presentation solution that offers subject-specific tools for teaching, assessment and polling functions, grading and reporting features, and personal device collaboration.
OKTOPUS also allows existing third-party lessons to be uploaded and used in the teaching software. In addition to OKTOPUS, the education bundles include OKTOPUS Blend, a library of over 10,000 master-teacher created lessons, and GameZones, a gaming component that features over 90 games that focus on concepts and skills appropriate for K-8 students.
Boxlight’s professional development courses provide training for both front of classroom Samsung displays and the OKTOPUS education software. The courses are offered online and are interactive, requiring learners to apply new skills via practice exercises. Teachers can check their knowledge and review course content as needed.
Schools Not Opening
Many schools are going to an online curriculum for the fall semester. Distance learning has started accelerating in California with districts serving at least 1.4 million of the state’s 6.2 million public school students announcing that they will be teaching students remotely, at least to begin the school year.
The company’s MimioConnect combines innovative lesson building and instructional tools to create an active learning environment. Teachers and students can connect from anywhere making this a perfect solution for distance teaching and blended learning environments. Lessons can be presented to a group of students or assigned for individual, self-paced learning. Boxlight’s goal is to help maintain continuity throughout all learning environments and create pathways to keep the routes to learning open and consistent without disruption.
MimioConnect integrates with the most commonly used platforms in education including Google Classroom, Microsoft 365, Schoology, Canvas, Moodle, and Blackboard. Teachers can use existing content such as PowerPoint or PDF documents, or import interactive lessons created using Smart Notebook, Promethean ActivInspire, MimioStudio™, and Oktopus. Darin Beamish, VP Software Boxlight, said:
“We are excited to launch the MimioConnect platform during a time when there is so much uncertainty about how class will be conducted going into the 2020-2021 school year. Our development team has worked tirelessly to create a solution that will meet the needs of school districts, teachers and students that follows a blended learning model, includes assessment and provides student monitoring. This solution is simple to use, integrates with existing LMS solutions, allows users to use existing lesson content and works with existing technology. This solution can be implemented immediately and used in the upcoming school year.”
Colorado STEM Contract
Jeffco Public Schools in Denver, Colorado has selected Boxlight as a provider of STEM solutions with partner DHE Computer Systems. Under the contract with Boxlight, Jeffco Public Schools will acquire STEM solutions including Robo3D Printers, MyStemKits K-12 curriculum, and 3D printable manipulatives. The course of the contract will include training, set-up, and installation, and implementation. Boxlight will also offer professional development to further assist in ensuring these STEM solutions are successful within the district.
Jeffco Public Schools is Colorado’s second-largest school district, serving nearly 85,000 students at 155 schools across Jefferson County.
Why Boxlight Stock Is A Smart Bet
Here are a few reasons why we like Boxlight stock.
- The company raised $30 million in July. We don’t expect another equity raise anytime soon.
- The partnership with Samsung is a game-changer.
- Federal and state funding is coming for schools to set up online education. Boxlight provides seamless solutions for this scenario, which is further enhanced by a partnership with Samsung. This is the real bull thesis behind the spike of the stock price, and it will continue into the fall.
- Under $2, Boxlight stock trades at a fraction of its $8 IPO price and below the all-time high just above $16.
- Its current market cap is just $86 million, making the company an attractive acquisition target.
- Boxlight stock trades at just 2.83x sales and sales are growing. For Q1 2020, Boxlight reported that revenues increased by 15% to $5.7 million, and orders increased by 85% to $7.6 million over the same period in 2019.
Online education stocks are about to go parabolic. The school from home trend is a reality. Even when we have a vaccine for Covid-19 and students return to the classroom, a hybrid model of online and classroom learning is a new reality. Students need to be prepared to use technology to better prepare them for today’s new work from home environment. Workers have had to adapt with Zoom, Slack, and other technologies. Teachers and students will do the same. The best bet is to find the company with the best technology in the space. In our opinion, that is Boxlight stock. Any dips in Boxlight stock represent a discount entry opportunity.
As always, good luck to all (except the shorts)!
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Disclosure: We have no position in NASDAQ:BOXL or any of the securities mentioned. We wrote this article ourselves and it expresses our own opinions. We are not receiving compensation for it. We have no business relationship with any company whose stock is mentioned in this article.