Bos Better Online Solutions Stock Price, News & Analysis

BOS Better Online Solutions Ltd. (NASDAQ: BOSC) announced an $850,000 order from an existing Israeli customer, contributing to a total of $3.2 million in orders this year. The Supply Chain Division experienced a 40% revenue growth in the first half of 2022, reaching $12.9 million, while operating income surged by 80% to $990,000. The company provides supply chain services, RFID technology for inventory management, and develops custom robotics systems, positioning itself favorably in the competitive landscape.

BOS Better Online Solutions Ltd. (NASDAQ: BOSC) reported a 12% revenue growth to $10.3 million for Q2 2022, up from $9.2 million last year. Gross profit margin improved to 21.4%, while operating profit soared by 315% to $537,000. EBITDA rose to $652,000, despite financial expenses increasing to $378,000 due to foreign exchange losses from the Israeli NIS devaluation. Net income remained steady at $159,000, or $0.03 per share. CEO Eyal Cohen noted a 27.6% revenue and 175% operating profit growth in H1 2022, expecting to meet FY 2022 targets of over $35 million revenue and over $1 million net income.

B.O.S. Better Online Solutions Ltd. (NASDAQ: BOSC) will release its financial results for Q2 2022 on August 23, 2022, before market opening. A conference call is scheduled for the same day at 9:00 a.m. EDT, followed by a Q&A session. Investors can dial in using US number +1-888-281-1167 or International +972-3-9180644. The company specializes in inventory production and management, offering services through its Supply Chain, RFID, and Intelligent Robotics divisions.

BOS Better Online Solutions Ltd. (NASDAQ: BOSC) has secured a $300,000 order for its Intelligent Robotics Division from an existing customer. CEO Eyal Cohen emphasized the value of their robotics systems in industrial automation, aiming for recurring sales and targeting new customers with automation needs. The company operates in inventory management through three channels: Supply Chain services, RFID integration, and Intelligent Robotics development.

BOS Better Online Solutions Ltd. (NASDAQ: BOSC) announced a 47% increase in revenues for Q1 2022, totaling $10.8 million, up from $7.3 million in Q1 2021. Operating income rose by 98% to $465,000, while net income surged 155% to $314,000 or $0.06 per share.

The growth is attributed to rising global demand for electronic components and increased logistics activity in Israel. CEO Eyal Cohen expects the shortage of production workers to drive further expansion in their Intelligent Robotic division.

BOS Better Online Solutions Ltd. (NASDAQ: BOSC) announced a significant order worth $330,000 from an Israeli defense customer for warehouse management software and mobile equipment.

This order is projected for delivery through 2023, highlighting the success of the RFID Division.

CEO Eyal Cohen expressed optimism about future collaborations with this customer, particularly regarding products from the Intelligent Robotics division.

BOS Better Online Solutions Ltd. (NASDAQ: BOSC) has announced the acquisition of real estate in Rishon Le Zion, Israel, for NIS 6.5 million (approximately $1.9 million). This includes 546 sqm of office space, 495 sqm of warehouses, and nine parking spots, previously leased by the company. CEO Eyal Cohen mentioned that the decision was driven by the rising lease costs, with current expenses at $10,000 monthly, expected to increase significantly. The purchase will be financed through a long-term bank loan of NIS 4.5 million (approximately $1.3 million) and available cash.

BOS Better Online Solutions Ltd. (NASDAQ: BOSC) has entered a definitive agreement for a registered direct offering, selling 450,000 Ordinary Shares and 225,000 Warrants for $990,000. Each Warrant has an exercise price of $2.20 per share, is immediately exercisable, and expires in five years. The offering’s closing is expected around May 3, 2022, pending customary conditions. Ages Financial Services, Ltd. is the financial advisor. This offering follows an effective shelf registration statement with the SEC. A prospectus supplement will be accessible on the SEC website.

BOS Better Online Solutions Ltd. (NASDAQ: BOSC) reported a record $13.8 million in orders for Q1 2022, a 60% increase from the same period last year. This growth was driven by heightened demand in the Supply Chain division from defense and aviation customers, along with the expansion of logistic centers in Israel increasing demand for the RFID division's offerings. CEO Eyal Cohen emphasized that the order growth is organic and does not factor in the recent acquisition of Dagesh.