B.O.S. Better On-Line Solutions Ltd. - BOSC STOCK NEWS

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.

B.O.S. Better Online Solutions Ltd. (NASDAQ: BOSC) will announce its financial results for Q1 2022 on May 31, 2022, before the market opens. Following the release, a conference call will take place at 9:00 a.m. EDT, where management will present the results and respond to questions. Interested parties can access the call via provided numbers or listen to a replay on the company's website. BOS offers services in inventory production and management across three divisions: Supply Chain, RFID integration, and Intelligent Robotics.

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.

BOS Better Online Solutions Ltd. (NASDAQ: BOSC) reported its financial results for Q4 and the year 2021, showing stable revenues comparable to 2020. The gross profit margin improved to 19.6% from 18.2%, while operating expenses decreased to $6.1 million from $6.8 million. Financial expenses also dropped to $105,000 from $348,000. The company achieved a net income of $451,000, reversing a $960,000 loss in 2020. BOS has set financial targets for 2022, aiming for revenues over $35 million and net income exceeding $1 million.

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.