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Side-by-side financial comparison of Boxlight Corp (BOXL) and CytomX Therapeutics, Inc. (CTMX). Click either name above to swap in a different company.

Boxlight Corp is the larger business by last-quarter revenue ($29.3M vs $18.7M, roughly 1.6× CytomX Therapeutics, Inc.). CytomX Therapeutics, Inc. runs the higher net margin — -0.8% vs -21.1%, a 20.3% gap on every dollar of revenue. On growth, Boxlight Corp posted the faster year-over-year revenue change (-19.2% vs -25.7%). Over the past eight quarters, CytomX Therapeutics, Inc.'s revenue compounded faster (-15.9% CAGR vs -23.1%).

Boxlight Corp is a global provider of interactive technology solutions, including interactive flat panel displays, projectors, collaborative software, and classroom technology accessories. It primarily serves K-12 and higher education institutions, as well as corporate and government customers across North America, Europe, and Asia Pacific, focusing on enhancing learning and work collaboration efficiency.

CytomX Therapeutics is a clinical-stage biotechnology company specializing in innovative cancer immunotherapies. It leverages its proprietary Probody technology platform to develop targeted therapies that activate exclusively in tumor microenvironments, minimizing off-target toxicities, with a pipeline covering multiple solid tumor indications and partnerships with leading global pharmaceutical firms.

BOXL vs CTMX — Head-to-Head

Bigger by revenue
BOXL
BOXL
1.6× larger
BOXL
$29.3M
$18.7M
CTMX
Growing faster (revenue YoY)
BOXL
BOXL
+6.6% gap
BOXL
-19.2%
-25.7%
CTMX
Higher net margin
CTMX
CTMX
20.3% more per $
CTMX
-0.8%
-21.1%
BOXL
Faster 2-yr revenue CAGR
CTMX
CTMX
Annualised
CTMX
-15.9%
-23.1%
BOXL

Income Statement — Q3 FY2025 vs Q2 FY2025

Metric
BOXL
BOXL
CTMX
CTMX
Revenue
$29.3M
$18.7M
Net Profit
$-6.2M
$-154.0K
Gross Margin
29.1%
Operating Margin
-13.4%
-6.9%
Net Margin
-21.1%
-0.8%
Revenue YoY
-19.2%
-25.7%
Net Profit YoY
-102.0%
97.6%
EPS (diluted)
$-1.88

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
BOXL
BOXL
CTMX
CTMX
Q3 25
$29.3M
Q2 25
$30.9M
$18.7M
Q1 25
$50.9M
Q4 24
$24.0M
$38.1M
Q3 24
$36.3M
$33.4M
Q2 24
$38.5M
$25.1M
Q1 24
$37.1M
$41.5M
Q4 23
$38.8M
$26.6M
Net Profit
BOXL
BOXL
CTMX
CTMX
Q3 25
$-6.2M
Q2 25
$-4.7M
$-154.0K
Q1 25
$23.5M
Q4 24
$-16.7M
$18.9M
Q3 24
$-3.1M
$5.7M
Q2 24
$-1.5M
$-6.5M
Q1 24
$-7.1M
$13.8M
Q4 23
$-17.7M
$837.0K
Gross Margin
BOXL
BOXL
CTMX
CTMX
Q3 25
29.1%
Q2 25
35.0%
Q1 25
Q4 24
30.6%
Q3 24
33.8%
Q2 24
37.7%
Q1 24
34.5%
Q4 23
31.7%
Operating Margin
BOXL
BOXL
CTMX
CTMX
Q3 25
-13.4%
Q2 25
-12.7%
-6.9%
Q1 25
44.4%
Q4 24
-67.6%
46.4%
Q3 24
-2.4%
12.3%
Q2 24
3.2%
-33.7%
Q1 24
-9.7%
28.1%
Q4 23
-42.8%
-2.3%
Net Margin
BOXL
BOXL
CTMX
CTMX
Q3 25
-21.1%
Q2 25
-15.3%
-0.8%
Q1 25
46.2%
Q4 24
-69.6%
49.6%
Q3 24
-8.4%
17.2%
Q2 24
-3.8%
-26.0%
Q1 24
-19.1%
33.3%
Q4 23
-45.5%
3.1%
EPS (diluted)
BOXL
BOXL
CTMX
CTMX
Q3 25
$-1.88
Q2 25
$-1.53
Q1 25
Q4 24
$-87.29
Q3 24
$-1.72
Q2 24
$-0.92
Q1 24
$-0.76
Q4 23
$-19.01

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
BOXL
BOXL
CTMX
CTMX
Cash + ST InvestmentsLiquidity on hand
$11.8M
$49.0M
Total DebtLower is stronger
$36.7M
Stockholders' EquityBook value
$-19.5M
$119.9M
Total Assets
$99.6M
$175.1M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BOXL
BOXL
CTMX
CTMX
Q3 25
$11.8M
Q2 25
$7.6M
$49.0M
Q1 25
$47.6M
Q4 24
$8.0M
$38.1M
Q3 24
$10.5M
$40.6M
Q2 24
$7.5M
$43.2M
Q1 24
$11.8M
$36.2M
Q4 23
$17.3M
$17.2M
Total Debt
BOXL
BOXL
CTMX
CTMX
Q3 25
$36.7M
Q2 25
$39.0M
Q1 25
Q4 24
$37.1M
Q3 24
$38.8M
Q2 24
$40.3M
Q1 24
$38.5M
Q4 23
$40.2M
Stockholders' Equity
BOXL
BOXL
CTMX
CTMX
Q3 25
$-19.5M
Q2 25
$-20.6M
$119.9M
Q1 25
$25.0M
Q4 24
$-12.9M
$-456.0K
Q3 24
$6.5M
$-23.5M
Q2 24
$7.5M
$-31.2M
Q1 24
$9.1M
$-31.7M
Q4 23
$16.8M
$-47.4M
Total Assets
BOXL
BOXL
CTMX
CTMX
Q3 25
$99.6M
Q2 25
$99.2M
$175.1M
Q1 25
$98.5M
Q4 24
$115.3M
$120.5M
Q3 24
$142.9M
$139.0M
Q2 24
$141.3M
$159.2M
Q1 24
$142.4M
$184.7M
Q4 23
$161.8M
$201.8M
Debt / Equity
BOXL
BOXL
CTMX
CTMX
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
5.93×
Q2 24
5.38×
Q1 24
4.23×
Q4 23
2.40×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
BOXL
BOXL
CTMX
CTMX
Operating Cash FlowLast quarter
$1.3M
$-15.8M
Free Cash FlowOCF − Capex
$-15.8M
FCF MarginFCF / Revenue
-84.6%
Capex IntensityCapex / Revenue
0.1%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-77.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BOXL
BOXL
CTMX
CTMX
Q3 25
$1.3M
Q2 25
$-15.8M
Q1 25
$-21.0M
Q4 24
$1.6M
$-19.9M
Q3 24
$5.2M
$-20.7M
Q2 24
$-5.4M
$-19.5M
Q1 24
$-1.9M
$-26.0M
Q4 23
$3.3M
$-22.0M
Free Cash Flow
BOXL
BOXL
CTMX
CTMX
Q3 25
Q2 25
$-15.8M
Q1 25
$-21.2M
Q4 24
$-20.0M
Q3 24
$-20.7M
Q2 24
$-19.6M
Q1 24
$-26.2M
Q4 23
$-22.2M
FCF Margin
BOXL
BOXL
CTMX
CTMX
Q3 25
Q2 25
-84.6%
Q1 25
-41.6%
Q4 24
-52.5%
Q3 24
-62.1%
Q2 24
-78.2%
Q1 24
-63.1%
Q4 23
-83.5%
Capex Intensity
BOXL
BOXL
CTMX
CTMX
Q3 25
Q2 25
0.1%
Q1 25
0.2%
Q4 24
0.2%
Q3 24
0.1%
Q2 24
0.4%
Q1 24
0.3%
Q4 23
1.0%
Cash Conversion
BOXL
BOXL
CTMX
CTMX
Q3 25
Q2 25
Q1 25
-0.89×
Q4 24
-1.05×
Q3 24
-3.61×
Q2 24
Q1 24
-1.89×
Q4 23
-26.24×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

BOXL
BOXL

Products$27.4M93%
Services$2.0M7%

CTMX
CTMX

Bristol Myers Squibb Company$11.6M62%
Astellas Pharma Inc$4.6M25%
Regeneron Pharmaceuticals Inc$2.1M11%

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