Boxlight Corporation (KLTO) experienced a significant decrease in operating expenses in Q4 2024, primarily driven by planned initiatives to reduce costs across all cost groups1:
- Reduced Employee-Related Expenses: The company decreased employee-related expenses by $2.0 million.
- Lower Occupancy Expense: Occupancy expense was reduced by $1.1 million.
- Decreased Stock Compensation Expense: Stock compensation expense decreased by $1.2 million.
In summary, KLTO's operating expenses surged in Q4 2024 due to strategic initiatives to reduce costs, including decreasing employee-related expenses, lowering occupancy expense, and reducing stock compensation expense.
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