Bos Better Online Solutions Stock Price, News & Analysis

BOS Better Online Solutions Ltd. (NASDAQ: BOSC) announced a $2.4 million order from a current customer in Israel, expected to be delivered this year. This reflects the strong demand for the company's Supply Chain Division services, primarily catering to the Israeli defense industry. President Avidan Zelicovski noted a record backlog and anticipated growth in demand linked to military operations in Europe. BOS specializes in inventory management, with services ranging from procurement and kitting to RFID solutions and custom robotics.

B.O.S. Better Online Solutions Ltd. (NASDAQ: BOSC) announced the acquisition of Dagesh Ltd., a provider of inventory counting services, for NIS 2.3 million (around $700,000). The acquisition involves immediate payment and additional funding contingent on performance and employee retention. CEO Eyal Cohen emphasized anticipated operational synergies and projected an increase of about $1 million in consolidated revenues in 2022. The company forecasts revenues exceeding $35 million and net income above $1 million for the year.

B.O.S. Better Online Solutions Ltd. (BOSC) will release its financial results for Q4 2021 and the year ending December 31, 2021, before the market opens on March 30, 2022. A conference call will follow at 9:00 a.m. EDT, featuring a Q&A session post-presentation. Investors can access the call via US number +1-888-281-1167 or international +972-3-9180644. A replay will be available on the BOS website the next day for those unable to attend.

BOS Better Online Solutions Ltd. (NASDAQ: BOSC) has secured a $630,000 order for an industrial robotics and automation line from a customer in Israel. This recurring order aligns with the company's strategy to focus on the Israeli market, catering to customers with significant automation needs. CEO Eyal Cohen emphasized the importance of selecting projects to minimize development risks associated with custom robotics. BOS operates in three primary areas: services, integration, and development of custom robotic cells.

BOS Better Online Solutions Ltd. (NASDAQ: BOSC) announced receiving additional orders worth $150,000 for electronic components from a customer in the United Arab Emirates. This follows an earlier order of $180,000 received at the start of 2021, highlighting the company's growing presence in this new market. President Avidan Zelicovski expressed optimism about the potential for expansion in the UAE. BOS provides services in inventory management, RFID integration, and robotic cell development, aiming to enhance its business in international markets.

BOS Better Online Solutions Ltd. (NASDAQ: BOSC) announced a significant order worth $216,000 from a major Israeli defense manufacturer, marking a pivotal moment for its Intelligent Robotics Division. This initial order aligns with BOS's new strategy to focus sales efforts within the Israeli market. CEO Eyal Cohen expressed optimism that successful fulfillment of this order could lead to future business opportunities. The company is strategically targeting clients with high automation needs to mitigate development risks in custom robotics.

BOS Better Online Solutions Ltd. (NASDAQ: BOSC) reported a 6% revenue increase in Q3 and the first nine months of 2021, achieving $33 million in expected annual revenues. Gross profit rose by 15%, with net income of $351,000 compared to a $1.2 million loss last year. The Robotics division's operating loss decreased significantly to $489,000, although it did not reach breakeven as anticipated. The company revised its net income outlook for 2021 to between $400,000 and $600,000. A new service in the Supply Chain division has driven growth amid commodity shortages.

B.O.S. Better Online Solutions Ltd. (BOSC) will release its financial results for Q3 2021 on November 30, 2021. A conference call is scheduled for the same day at 9 a.m. EST, featuring a management presentation followed by a Q&A session. Interested parties can access the conference call by dialing specified U.S. or international numbers. A replay will be available the following day on the BOS website. The company specializes in custom-made robots and automation systems for industries, particularly in aerospace and defense.

BOS Better Online Solutions Ltd. (NASDAQ: BOSC) reported a strong financial performance for Q2 2021, achieving revenues of $9.2 million, a 23.4% increase from $7.5 million year-over-year. The gross profit margin improved to 17.3% compared to 11.7% in the prior year. Operating profit reached $129,000, a significant turnaround from an operating loss of $1.4 million in Q2 2020. Net income was $141,000 or $0.03 per share, contrasting with a net loss of $1.4 million or $0.34 per share a year ago. The company forecasts revenues exceeding $33 million and net profit above $1 million for 2021.