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Side-by-side financial comparison of Boxlight Corp (BOXL) and FREQUENCY ELECTRONICS INC (FEIM). Click either name above to swap in a different company.

Boxlight Corp is the larger business by last-quarter revenue ($29.3M vs $17.1M, roughly 1.7× FREQUENCY ELECTRONICS INC). FREQUENCY ELECTRONICS INC runs the higher net margin — 10.5% vs -21.1%, a 31.6% gap on every dollar of revenue. On growth, FREQUENCY ELECTRONICS INC posted the faster year-over-year revenue change (8.3% vs -19.2%). Over the past eight quarters, FREQUENCY ELECTRONICS INC's revenue compounded faster (11.8% 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.

Ultra Electronics Holdings is a British defence and security company. It was listed on the London Stock Exchange and was a constituent of the FTSE 250 Index until it was acquired by Cobham, which is itself owned by Advent International.

BOXL vs FEIM — Head-to-Head

Bigger by revenue
BOXL
BOXL
1.7× larger
BOXL
$29.3M
$17.1M
FEIM
Growing faster (revenue YoY)
FEIM
FEIM
+27.4% gap
FEIM
8.3%
-19.2%
BOXL
Higher net margin
FEIM
FEIM
31.6% more per $
FEIM
10.5%
-21.1%
BOXL
Faster 2-yr revenue CAGR
FEIM
FEIM
Annualised
FEIM
11.8%
-23.1%
BOXL

Income Statement — Q3 FY2025 vs Q2 FY2026

Metric
BOXL
BOXL
FEIM
FEIM
Revenue
$29.3M
$17.1M
Net Profit
$-6.2M
$1.8M
Gross Margin
29.1%
38.2%
Operating Margin
-13.4%
10.0%
Net Margin
-21.1%
10.5%
Revenue YoY
-19.2%
8.3%
Net Profit YoY
-102.0%
-32.1%
EPS (diluted)
$-1.88
$0.18

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
FEIM
FEIM
Q4 25
$17.1M
Q3 25
$29.3M
$13.8M
Q2 25
$30.9M
$20.0M
Q1 25
$18.9M
Q4 24
$24.0M
$15.8M
Q3 24
$36.3M
$15.1M
Q2 24
$38.5M
$15.6M
Q1 24
$37.1M
$13.7M
Net Profit
BOXL
BOXL
FEIM
FEIM
Q4 25
$1.8M
Q3 25
$-6.2M
$634.0K
Q2 25
$-4.7M
$3.2M
Q1 25
$15.4M
Q4 24
$-16.7M
$2.7M
Q3 24
$-3.1M
$2.4M
Q2 24
$-1.5M
$2.6M
Q1 24
$-7.1M
$130.0K
Gross Margin
BOXL
BOXL
FEIM
FEIM
Q4 25
38.2%
Q3 25
29.1%
36.8%
Q2 25
35.0%
37.5%
Q1 25
43.8%
Q4 24
30.6%
48.2%
Q3 24
33.8%
44.4%
Q2 24
37.7%
40.3%
Q1 24
34.5%
22.6%
Operating Margin
BOXL
BOXL
FEIM
FEIM
Q4 25
10.0%
Q3 25
-13.4%
2.6%
Q2 25
-12.7%
16.4%
Q1 25
18.3%
Q4 24
-67.6%
16.5%
Q3 24
-2.4%
15.7%
Q2 24
3.2%
16.0%
Q1 24
-9.7%
-3.4%
Net Margin
BOXL
BOXL
FEIM
FEIM
Q4 25
10.5%
Q3 25
-21.1%
4.6%
Q2 25
-15.3%
16.0%
Q1 25
81.4%
Q4 24
-69.6%
16.8%
Q3 24
-8.4%
16.1%
Q2 24
-3.8%
16.9%
Q1 24
-19.1%
0.9%
EPS (diluted)
BOXL
BOXL
FEIM
FEIM
Q4 25
$0.18
Q3 25
$-1.88
$0.07
Q2 25
$-1.53
$0.33
Q1 25
$1.60
Q4 24
$-87.29
$0.28
Q3 24
$-1.72
$0.25
Q2 24
$-0.92
$0.28
Q1 24
$-0.76
$0.01

Balance Sheet & Financial Strength

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

Metric
BOXL
BOXL
FEIM
FEIM
Cash + ST InvestmentsLiquidity on hand
$11.8M
$3.0M
Total DebtLower is stronger
$36.7M
Stockholders' EquityBook value
$-19.5M
$58.5M
Total Assets
$99.6M
$92.3M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BOXL
BOXL
FEIM
FEIM
Q4 25
$3.0M
Q3 25
$11.8M
$4.5M
Q2 25
$7.6M
$4.7M
Q1 25
$5.5M
Q4 24
$8.0M
$9.7M
Q3 24
$10.5M
$16.2M
Q2 24
$7.5M
$18.3M
Q1 24
$11.8M
$11.7M
Total Debt
BOXL
BOXL
FEIM
FEIM
Q4 25
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
Stockholders' Equity
BOXL
BOXL
FEIM
FEIM
Q4 25
$58.5M
Q3 25
$-19.5M
$56.3M
Q2 25
$-20.6M
$55.6M
Q1 25
$51.8M
Q4 24
$-12.9M
$36.2M
Q3 24
$6.5M
$33.2M
Q2 24
$7.5M
$39.8M
Q1 24
$9.1M
$36.7M
Total Assets
BOXL
BOXL
FEIM
FEIM
Q4 25
$92.3M
Q3 25
$99.6M
$93.2M
Q2 25
$99.2M
$93.7M
Q1 25
$86.4M
Q4 24
$115.3M
$77.8M
Q3 24
$142.9M
$84.3M
Q2 24
$141.3M
$83.3M
Q1 24
$142.4M
$77.7M
Debt / Equity
BOXL
BOXL
FEIM
FEIM
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
5.93×
Q2 24
5.38×
Q1 24
4.23×

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
FEIM
FEIM
Operating Cash FlowLast quarter
$1.3M
$-523.0K
Free Cash FlowOCF − Capex
$-1.1M
FCF MarginFCF / Revenue
-6.6%
Capex IntensityCapex / Revenue
3.6%
Cash ConversionOCF / Net Profit
-0.29×
TTM Free Cash FlowTrailing 4 quarters
$-5.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BOXL
BOXL
FEIM
FEIM
Q4 25
$-523.0K
Q3 25
$1.3M
$1.2M
Q2 25
$-155.0K
Q1 25
$-3.6M
Q4 24
$1.6M
$3.8M
Q3 24
$5.2M
$-1.5M
Q2 24
$-5.4M
$7.5M
Q1 24
$-1.9M
$4.2M
Free Cash Flow
BOXL
BOXL
FEIM
FEIM
Q4 25
$-1.1M
Q3 25
$385.0K
Q2 25
$-786.0K
Q1 25
$-4.0M
Q4 24
$3.3M
Q3 24
$-1.8M
Q2 24
$6.7M
Q1 24
$3.9M
FCF Margin
BOXL
BOXL
FEIM
FEIM
Q4 25
-6.6%
Q3 25
2.8%
Q2 25
-3.9%
Q1 25
-20.9%
Q4 24
20.8%
Q3 24
-11.8%
Q2 24
42.8%
Q1 24
28.4%
Capex Intensity
BOXL
BOXL
FEIM
FEIM
Q4 25
3.6%
Q3 25
5.6%
Q2 25
3.2%
Q1 25
1.7%
Q4 24
3.3%
Q3 24
2.2%
Q2 24
5.3%
Q1 24
2.3%
Cash Conversion
BOXL
BOXL
FEIM
FEIM
Q4 25
-0.29×
Q3 25
1.83×
Q2 25
-0.05×
Q1 25
-0.24×
Q4 24
1.44×
Q3 24
-0.60×
Q2 24
2.85×
Q1 24
32.36×

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%

FEIM
FEIM

POC Revenue$14.8M86%
POT Revenue$2.3M13%

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