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BOS Better On-Line Solutions Ltd. (NASDAQ: BOSC) is a global provider of intelligent systems and services, specializing in production and logistics. The company operates through three reportable divisions: the Intelligent Robotics segment, the RFID Division segment, and the Supply Chain Solutions segment.
The Intelligent Robotics Division offers advanced robotic and automation solutions for industrial processes, focusing on the Israeli defense industry. Recent achievements include significant orders from major defense manufacturers, evidencing the division's strong market position and recurring customer base.
The RFID Division provides cutting-edge RFID systems for inventory management in logistics centers and retail chains. Despite recent sales slowdowns due to external factors, the division shows signs of recovery and potential government compensation for affected operations.
The Supply Chain Solutions Division is a key revenue driver, distributing electronic and electro-mechanical components primarily to the aerospace and defense industries. This division consolidates components from numerous suppliers, offering comprehensive supply chain services including long-term scheduling and kitting.
Financially, BOS has demonstrated resilience and growth despite challenging circumstances. The company reported a net income of $2 million for 2023, exceeding expectations, and forecasts further revenue growth in 2024. BOS' strategic focus on the Israeli defense market positions it well for continued demand and stability.
BOS’ CEO, Eyal Cohen, recently highlighted the company's robust operational continuity amid regional conflicts, ensuring stakeholders of ongoing production and growth. BOS remains committed to enhancing inventory processes and supply chain efficiency through innovative technologies and dedicated service.
BOS Better Online Solutions (NASDAQ: BOSC) has announced the successful launch of a new Wiring and Cabling product line within its Supply Chain Division. This expansion complements their existing electromechanical connectors offering and aims to increase revenues, particularly in the defense sector. Since the line's introduction in September 2024, the company has secured orders worth $960,000. The expansion leverages existing sales and operations infrastructure to broaden offerings to current customers.
BOS Better Online Solutions reported its Q3 2024 financial results, showing stable revenues of $9.83 million and improved profitability metrics. Gross profit margin increased to 21.9% from 20.9%, while operating profit rose 24.8% to $551,000. Net income grew significantly by 83.1% to $574,000, with basic EPS doubling to $0.10.
The company revised its 2024 revenue forecast down to $40 million from $46 million due to delayed customer orders, but maintains its net income target of $2.2 million. Their backlog increased by 15% to $23 million, supported by strong defense sector performance.
BOS Better Online Solutions (NASDAQ: BOSC) has secured a $2.7 million order from a defense sector subcontractor. The order, placed through BOS's Supply Chain division, will be delivered gradually through May 2025. The company views this as a strategic achievement in expanding its customer base and capitalizing on increased defense budgets. CEO Eyal Cohen expressed optimism about future opportunities amid rising global defense spending.
BOS Better Online Solutions (NASDAQ: BOSC), a supply chain technologies integrator, has announced that its Supply Chain Division received a $500,000 order from a customer in India. The order is scheduled for gradual delivery by August 2025.
Avidan Zelicovski, BOS' President, expressed confidence in the division's ability to expand global sales, citing the achievement of $6 million in overseas sales in 2023. Additionally, since the July 10, 2024 announcement of initial sales to Greek customers, the division has received $280,000 in orders from that territory.
BOS (NASDAQ: BOSC), an integrator for supply chain technologies, announced its participation in the 17th annual LD Micro Main Event. Eyal Cohen, CEO, will present on Tuesday, October 29th at 10:00 AM PT at the Luxe Sunset Boulevard Hotel in Los Angeles.
The event, running from October 28th to 30th, will feature approximately 150 companies presenting in half-hour increments and attending private meetings with investors. Cohen expressed excitement about the opportunity to showcase BOS' progress and growth strategy in supply chain technologies directly to investors.
Chris Lahiji, Founder of LD Micro, emphasized the event's significance for the industry and its role in shaping the future of small and micro-cap companies. Registration for the virtual presentation is available online.
B.O.S. Better Online Solutions (NASDAQ: BOSC), a supply chain technologies integrator, announced that CEO Eyal Cohen will participate in the LD Micro Main Event from October 28-30, 2024 in Los Angeles. This influential small-cap and micro-cap investor conference provides a platform for BOS to present its business strategy, developments, and financial outlook to investors.
Eyal Cohen is scheduled to present on Tuesday, October 29, at 10:00-10:25 AM. He will also engage in one-on-one meetings with current and potential investors to discuss the company's vision and value creation. The event takes place at the Luxe Sunset Boulevard Hotel in Los Angeles, CA.
Investors interested in scheduling meetings with Eyal Cohen can contact him directly at eyalc@boscom.com or +972-542525925.
B.O.S. Better Online Solutions (NASDAQ: BOSC), a supply chain technologies integrator, has announced a change in the date for releasing its financial results for the third quarter of 2024. The company will now release its results before the market opens on Wednesday, November 27, 2024, instead of the previously announced date of Thursday, November 28, 2024.
Following the release, BOS will host a video conference call on November 27, 2024, at 8:30 a.m. EST. Interested parties can access the video conference call through a provided Zoom link. This announcement reflects the company's commitment to keeping investors informed about its financial performance and providing opportunities for discussion.
B.O.S. Better Online Solutions (NASDAQ: BOSC), a supply chain technologies integrator, has announced the release of its financial results for the third quarter of 2024. The company will disclose these results before the market opens on Thursday, November 28, 2024. Following the release, BOS will host a video conference call at 8:30 a.m. EST on the same day to discuss the financial outcomes. Interested parties can access the video call through a provided Zoom link. This announcement allows investors and analysts to prepare for the upcoming financial disclosure and subsequent discussion of the company's performance in Q3 2024.
BOS Better Online Solutions (NASDAQ: BOSC), a supply chain technologies integrator, has secured a $900,000 order from an Israeli customer in the aerospace industry. The order, to be fulfilled throughout 2024, was received by BOS' Supply Chain Division. Avidan Zelicovski, BOS' President, highlighted that this substantial order from a long-term client demonstrates the reliability and quality of BOS' supply chain services, emphasizing the value they provide to customers in the industry.
BOS Better Online Solutions (NASDAQ: BOSC) reported financial results for the first half and second quarter of 2024. Key highlights include:
- Net income of $1.2 million for H1 2024, unchanged from H1 2023
- Q2 2024 net income of $500,000
- H1 2024 revenues down 16% year-over-year
- Gross profit margin increased to 24.1% in H1 2024 from 21.5% in H1 2023
- Operating and financial expenses decreased by $300,000 to $3.5 million in H1 2024
The company maintains its 2024 outlook with projected revenues of $46 million (up from $44.2 million in 2023) and net income of $2.2 million (up from $2 million in 2023). The Supply Chain division has received $5.4 million in orders since the start of Q3 2024, showing a resurgence in demand from defense customers.
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