BOS Supply Chain Division Receives an Order in the amount of $625,000
BOS Better Online Solutions Ltd. (NASDAQ: BOSC) announced a $625,000 order from an existing US customer within its Supply Chain Division for delivery this year. President Avidan Zelicovski highlighted the growing demand for their supply chain services, indicating a positive market trend. BOS operates in three key areas: inventory procurement and kitting, RFID software for inventory management, and custom robotics development for industrial processes. The company remains optimistic about its service offerings amidst various market challenges.
- Received a $625,000 order, indicating strong demand for supply chain services.
- Order from an existing US customer reinforces customer loyalty and market presence.
- Management expresses confidence in continued growth for supply chain services.
- Dependence on a few major customers poses risks to revenue stability.
- Uncertainty regarding maintenance of current gross profit margins.
- Challenges in keeping pace with technology in a competitive industry.
RISHON LE ZION, Israel, April 12, 2022 (GLOBE NEWSWIRE) -- BOS Better Online Solutions Ltd. ("BOS" or the "Company") (NASDAQ: BOSC) announced today that its Supply Chain Division has received an order in the amount of
Avidan Zelicovski, BOS’ President, stated: “This an order from an existing US customer. It demonstrates the clear added value of our supply chain services to manufacturers worldwide. I am encouraged by the growing demand for our supply chain services and I believe that this trend will continue this year.”
About BOS
BOS provides services and systems for inventory production and management in three channels:
- Services – The Supply Chain division provides inventory procurement and kitting.
- Integration – the RFID division provides off-the-shelf software and equipment to track and manage inventory in the production floor and warehouse.
- Development – the Intelligent Robotics division develops and builds custom-made robotic cells for the industrial and logistic processes.
Contact: Eyal Cohen, CEO
+972-542525925 | eyalc@boscom.com
Safe Harbor Regarding Forward-Looking Statements
The forward-looking statements contained herein reflect management's current views with respect to future events and financial performance. These forward-looking statements are subject to certain risks and uncertainties that could cause the actual results to differ materially from those in the forward-looking statements, all of which are difficult to predict and many of which are beyond the control of BOS. These risk factors and uncertainties include, amongst others, the dependency of sales being generated from one or few major customers, the uncertainty of BOS being able to maintain current gross profit margins, inability to keep up or ahead of technology and to succeed in a highly competitive industry, failure to successfully integrate and achieve the potential benefits of the acquisition of the business operations of Imdecol Ltd. (the Robotics business line) and Dagesh Inventory Counting and Maintenance Ltd., inability to maintain marketing and distribution arrangements and to expand our overseas markets, uncertainty with respect to the prospects of legal claims against BOS, the effect of exchange rate fluctuations, general worldwide economic conditions, the impact of the COVID-19 virus and continued availability of financing for working capital purposes and to refinance outstanding indebtedness; and additional risks and uncertainties detailed in BOS' periodic reports and registration statements filed with the US Securities and Exchange Commission. BOS undertakes no obligation to publicly update or revise any such forward-looking statements to reflect any change in its expectations or in events, conditions or circumstances on which any such statements may be based, or that may affect the likelihood that actual results will differ from those set forth in the forward-looking statements.
FAQ
What order did BOS announce on April 12, 2022?
What services does BOS provide?
How does the recent order impact BOS's market position?
What risks did BOS mention in its press release?
