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Side-by-side financial comparison of Boxlight Corp (BOXL) and ROCKWELL MEDICAL, INC. (RMTI). Click either name above to swap in a different company.

Boxlight Corp is the larger business by last-quarter revenue ($29.3M vs $18.3M, roughly 1.6× ROCKWELL MEDICAL, INC.). ROCKWELL MEDICAL, INC. runs the higher net margin — -3.0% vs -21.1%, a 18.1% gap on every dollar of revenue. On growth, Boxlight Corp posted the faster year-over-year revenue change (-19.2% vs -25.6%). Over the past eight quarters, ROCKWELL MEDICAL, INC.'s revenue compounded faster (-10.1% 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.

Rockwell Medical Inc. is a publicly traded pharmaceutical company based in Wixom, Michigan and founded in 1996 that focuses on development and commercialization of treatments against diseases such as end-stage renal disease (ESRD) and chronic kidney disease (CKD).

BOXL vs RMTI — Head-to-Head

Bigger by revenue
BOXL
BOXL
1.6× larger
BOXL
$29.3M
$18.3M
RMTI
Growing faster (revenue YoY)
BOXL
BOXL
+6.5% gap
BOXL
-19.2%
-25.6%
RMTI
Higher net margin
RMTI
RMTI
18.1% more per $
RMTI
-3.0%
-21.1%
BOXL
Faster 2-yr revenue CAGR
RMTI
RMTI
Annualised
RMTI
-10.1%
-23.1%
BOXL

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
BOXL
BOXL
RMTI
RMTI
Revenue
$29.3M
$18.3M
Net Profit
$-6.2M
$-554.0K
Gross Margin
29.1%
21.1%
Operating Margin
-13.4%
-2.2%
Net Margin
-21.1%
-3.0%
Revenue YoY
-19.2%
-25.6%
Net Profit YoY
-102.0%
26.7%
EPS (diluted)
$-1.88
$-0.01

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
RMTI
RMTI
Q4 25
$18.3M
Q3 25
$29.3M
$15.9M
Q2 25
$30.9M
$16.1M
Q1 25
$18.9M
Q4 24
$24.0M
$24.7M
Q3 24
$36.3M
$28.3M
Q2 24
$38.5M
$25.8M
Q1 24
$37.1M
$22.7M
Net Profit
BOXL
BOXL
RMTI
RMTI
Q4 25
$-554.0K
Q3 25
$-6.2M
$-1.8M
Q2 25
$-4.7M
$-1.5M
Q1 25
$-1.5M
Q4 24
$-16.7M
$-756.0K
Q3 24
$-3.1M
$1.7M
Q2 24
$-1.5M
$343.0K
Q1 24
$-7.1M
$-1.7M
Gross Margin
BOXL
BOXL
RMTI
RMTI
Q4 25
21.1%
Q3 25
29.1%
14.3%
Q2 25
35.0%
15.6%
Q1 25
16.1%
Q4 24
30.6%
14.7%
Q3 24
33.8%
22.0%
Q2 24
37.7%
17.6%
Q1 24
34.5%
13.5%
Operating Margin
BOXL
BOXL
RMTI
RMTI
Q4 25
-2.2%
Q3 25
-13.4%
-9.9%
Q2 25
-12.7%
-8.4%
Q1 25
-7.2%
Q4 24
-67.6%
-2.1%
Q3 24
-2.4%
6.8%
Q2 24
3.2%
2.0%
Q1 24
-9.7%
-5.8%
Net Margin
BOXL
BOXL
RMTI
RMTI
Q4 25
-3.0%
Q3 25
-21.1%
-11.0%
Q2 25
-15.3%
-9.3%
Q1 25
-8.0%
Q4 24
-69.6%
-3.1%
Q3 24
-8.4%
5.9%
Q2 24
-3.8%
1.3%
Q1 24
-19.1%
-7.6%
EPS (diluted)
BOXL
BOXL
RMTI
RMTI
Q4 25
$-0.01
Q3 25
$-1.88
$-0.05
Q2 25
$-1.53
$-0.05
Q1 25
$-0.04
Q4 24
$-87.29
$-0.02
Q3 24
$-1.72
$0.04
Q2 24
$-0.92
$0.01
Q1 24
$-0.76
$-0.06

Balance Sheet & Financial Strength

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

Metric
BOXL
BOXL
RMTI
RMTI
Cash + ST InvestmentsLiquidity on hand
$11.8M
$10.7M
Total DebtLower is stronger
$36.7M
Stockholders' EquityBook value
$-19.5M
$37.0M
Total Assets
$99.6M
$57.1M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BOXL
BOXL
RMTI
RMTI
Q4 25
$10.7M
Q3 25
$11.8M
$13.6M
Q2 25
$7.6M
$12.5M
Q1 25
$11.4M
Q4 24
$8.0M
$15.7M
Q3 24
$10.5M
$12.3M
Q2 24
$7.5M
$11.9M
Q1 24
$11.8M
$6.6M
Total Debt
BOXL
BOXL
RMTI
RMTI
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
RMTI
RMTI
Q4 25
$37.0M
Q3 25
$-19.5M
$37.0M
Q2 25
$-20.6M
$30.4M
Q1 25
$31.5M
Q4 24
$-12.9M
$32.6M
Q3 24
$6.5M
$29.1M
Q2 24
$7.5M
$23.5M
Q1 24
$9.1M
$20.6M
Total Assets
BOXL
BOXL
RMTI
RMTI
Q4 25
$57.1M
Q3 25
$99.6M
$57.5M
Q2 25
$99.2M
$52.6M
Q1 25
$54.0M
Q4 24
$115.3M
$59.2M
Q3 24
$142.9M
$57.1M
Q2 24
$141.3M
$53.0M
Q1 24
$142.4M
$50.7M
Debt / Equity
BOXL
BOXL
RMTI
RMTI
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
RMTI
RMTI
Operating Cash FlowLast quarter
$1.3M
$2.3M
Free Cash FlowOCF − Capex
$2.2M
FCF MarginFCF / Revenue
12.0%
Capex IntensityCapex / Revenue
0.5%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-1.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BOXL
BOXL
RMTI
RMTI
Q4 25
$2.3M
Q3 25
$1.3M
$-1.3M
Q2 25
$1.8M
Q1 25
$-3.5M
Q4 24
$1.6M
$865.0K
Q3 24
$5.2M
$4.3M
Q2 24
$-5.4M
$1.4M
Q1 24
$-1.9M
$-2.4M
Free Cash Flow
BOXL
BOXL
RMTI
RMTI
Q4 25
$2.2M
Q3 25
$-1.5M
Q2 25
$1.7M
Q1 25
$-3.5M
Q4 24
$470.0K
Q3 24
$4.1M
Q2 24
$1.2M
Q1 24
$-2.5M
FCF Margin
BOXL
BOXL
RMTI
RMTI
Q4 25
12.0%
Q3 25
-9.6%
Q2 25
10.5%
Q1 25
-18.8%
Q4 24
1.9%
Q3 24
14.4%
Q2 24
4.5%
Q1 24
-11.1%
Capex Intensity
BOXL
BOXL
RMTI
RMTI
Q4 25
0.5%
Q3 25
1.4%
Q2 25
1.0%
Q1 25
0.3%
Q4 24
1.6%
Q3 24
0.7%
Q2 24
1.1%
Q1 24
0.6%
Cash Conversion
BOXL
BOXL
RMTI
RMTI
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
2.57×
Q2 24
4.20×
Q1 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%

RMTI
RMTI

US$15.9M87%
Non Us$2.4M13%

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