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BOS Better Online Solutions (BOSC) delivers intelligent robotics systems, RFID tracking solutions, and advanced supply chain management for global industrial sectors. This news hub provides investors and industry professionals with essential updates on operational developments, financial milestones, and strategic initiatives.
Access official press releases covering earnings reports, technology deployments in aerospace/defense sectors, and supply chain innovations. Stay informed about partnership announcements, product launches in industrial automation, and RFID system enhancements that drive inventory management improvements.
Our curated collection features regulatory filings, executive leadership updates, and market expansion news relevant to BOSC's three core operations. Discover how the company's integrated robotics solutions and electronic component distribution strategies impact manufacturing efficiency and logistics optimization.
Bookmark this page for real-time updates on BOSC's technological advancements in automated warehousing systems, RFID implementation case studies, and supply chain management breakthroughs. Regularly refreshed content ensures you maintain strategic awareness of this industrial technology innovator.
BOS Better Online Solutions (NASDAQ: BOSC) reported its financial results for Q1 2024. Revenues decreased by 7% to $11.3 million from $12.1 million in Q1 2023. However, the gross profit margin improved to 22.7% from 21.9%. EBITDA slightly decreased to $1,003,000 compared to $1,031,000 in Q1 2023. Financial expenses were reduced by 57.3% to $105,000 from $246,000. Net income grew by 13% to $741,000 or $0.13 per share, up from $656,000 or $0.12 per share in Q1 2023.
CEO Eyal Cohen expressed satisfaction with the results, highlighting the record quarterly net income and EPS. The company aims for 2024 revenues of $46 million and a net income of $2.2 million. BOS has seen consistent growth since 2021 and maintains a positive cash position, according to Chairman Ziv Dekel.
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