Conference Call at 8:30 a.m. Eastern TimeRISHON LE ZION, Israel, April 10, 2025 (GLOBE NEWSWIRE) -- BOS Better Online Solutions Ltd. ("BOS" or the "Company") (NASDAQ: BOSC), an integrator of supply chain technologies for the aerospace, defense, industrial and retail sectors, announced today that it will release financial results for the first quarter of 2025 before the market opens on Thursday, May 29, 2025. BOS will host a video conference call on May 29, 2025 at 8:30 a.m. EDT. A question-and-answer sessio ...

RISHON LE ZION, Israel, April 08, 2025 (GLOBE NEWSWIRE) -- BOS Better Online Solutions Ltd. ("BOS" or the "Company") (NASDAQ:BOSC), an integrator of supply chain technologies, announced today that its RFID division has received a significant new order for an automatic sorting machine. The order, amounting to $375,000, is for the Israeli branches of a global fashion retailer and is scheduled for delivery in the fourth quarter of 2025. Eyal Cohen, CEO of BOS, stated, "We are pleased to secure yet another new ...

Financial Performance - In 2024, the company reported revenues of $40 million, a decrease from $44 million in 2023, reflecting normalized purchasing patterns post-COVID-19 [160]. - Gross profit for 2024 was $9.4 million, with a gross margin of 23.5%, compared to $9.2 million and a gross margin of 20.8% in 2023, indicating improved profitability across all divisions [161]. - Net profit for 2024 was $2.3 million, up from $2.01 million in 2023, with basic and diluted net income per share increasing to $0.40 and $0.39, respectively [164]. - Cash flow from operating activities was $1.3 million in 2024, down from $1.83 million in 2023, primarily due to a decrease in trade payables [180]. - The company had working capital of $13.7 million as of December 31, 2024, an increase from $11.14 million in 2023, indicating strong liquidity [170]. Expenses and Impairments - Sales and marketing expenses decreased to $4.4 million in 2024 from $4.89 million in 2023, aligning with the revenue decline [162]. - The company recorded an impairment of intangible assets and goodwill amounting to $1.2 million in 2024 due to decreased revenues and increased interest rates [163]. - The company recorded an impairment loss of goodwill of $707,000 for the RFID division in 2024, as its fair value was below its carrying value [196]. - Inventory write-downs were $636,000 in 2024, compared to $446,000 in 2023, reflecting risks from slow-moving items [189]. - Research and development expenses increased to $175,000 in 2024 from $158,000 in 2023, focusing on custom-made automation concepts [183]. Financing Activities - Net cash provided by financing activities in 2024 amounted to $217,000, primarily from short and long-term bank loans of $265,000 and share issuance proceeds of $119,000 [182]. - The company plans to grow its business through acquisitions of complementary businesses, which may require increasing debt and raising additional equity financing [178]. - The effective corporate tax rate is 23%, unchanged since January 1, 2018 [168]. Market Position and Growth Opportunities - The Intelligent Robotics division has 90% of its backlog serving the defense sector, indicating strong market demand [187]. - The company is well-positioned to capitalize on growth opportunities in the defense sector, which is experiencing strong expansion [185]. - The Intelligent Robotics division significantly expanded its RFID solutions portfolio in 2024, expecting revenue growth in 2025 [187]. - The flagship customers in the Supply Chain division include Israel Aerospace Industries, Elbit Systems, and Rafael, leaders in the defense segment [186]. - The company operates through three divisions: RFID, Supply Chain, and Intelligent Robotics, focusing on comprehensive technological solutions [184].

Financial Data and Key Metrics Changes - The company reported revenues of $40 million for year '24, a decrease from the record $44 million in year '23, reflecting a return to normalized purchasing after post-COVID restocking [15] - For year '25, the company projects revenues of $44 million and net income of $2.5 million, indicating a 10% year-over-year increase [16][23] - The backlog increased by 35% to $27 million at the end of year '24, driven by exposure to the booming defense sector [16] Business Line Data and Key Metrics Changes - The supply chain division has doubled its engineering team and tripled the number of manufacturers represented, enhancing market position and growth trajectory [7] - The RFID division is expanding its salesforce to capture the rebound in the Israeli civil market and will add off-the-shelf packing machines for logistics centers [18] - The robotic division is preparing for its first installation of a robotic production line in Europe in the first half of year '25 [19] Market Data and Key Metrics Changes - The Israeli defense budget rose by 73% year-over-year, while Europe's defense budget increased by 16% year-over-year, positively impacting key clients [17] - The company has achieved $4 million in overseas sales in year '24 from its supply chain division, indicating successful international expansion [19] Company Strategy and Development Direction - The growth strategy focuses on strengthening relationships with defense clients and expanding internationally [17] - The company aims to deepen its offerings to defense clients, including the recent addition of cable in line [18] - The company is leveraging its Israeli defense client base to align with their global subcontractors for international growth [18] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism for year '25, citing a growing backlog and favorable trends in the defense sector [16][23] - The company is in excellent financial shape with $21 million in equity and zero bank debt, providing flexibility for strategic growth [23][24] - Management highlighted the significant discount at which the company is trading compared to broader market benchmarks, indicating a compelling investment opportunity [20][21] Other Important Information - The company has partnered with a US-based investor relations firm to enhance its presence in the US capital market, resulting in increased trading volume from 4,000 shares to 58,000 shares [21][22] - The company recorded an impairment charge of $1.2 million related to goodwill, impacting net income for year '24 [32] Q&A Session Summary Question: Guidance on the new robotics line in Europe and its impact from the war in Ukraine - Management clarified that they do not have direct sales in Europe but align with major Israeli clients who export and require local production [28][29] Question: Clarification on tax loss carry forward - Management confirmed approximately $30 million in carry forward tax losses, which could provide up to $6 million in future tax savings, with only $1 million recognized as an asset [31] Question: Impact of new head of procurement on defense contracts - Management expressed confidence that the new hire will help capitalize on opportunities in the defense market and indicated updates will be provided if significant developments occur [35]

Net Income Rises 14.7% Year-Over-Year on Increased Gross Margin, Efficient Operations Provides Initial 2025 Outlook for Further 10% Growth in Sales and Net Income RISHON LE ZION, Israel, March 31, 2025 (GLOBE NEWSWIRE) -- BOS Better Online Solutions Ltd. ("BOS" or the "Company") (NASDAQ:BOSC) reported its financial results for the fourth quarter and full year 2024. Year 2024 Financial Highlights: Fourth Quarter 2024 Financial Highlights: Eyal Cohen, BOS' CEO, stated: "BOS improved profitability on an operat ...

RISHON LE ZION, Israel, March 25, 2025 (GLOBE NEWSWIRE) -- BOS Better Online Solutions Ltd. ("BOS" or the "Company") (NASDAQ:BOSC), an integrator of supply chain technologies, announced today that its Supply Chain division has secured a new defense order for $1.2 million for delivery by the third quarter of year 2025. Avidan Zelicovsky, BOS president, said: "We continue to see increased global defense spending activity at both our primary customers and their subcontractors worldwide, creating new opportunit ...

Company Overview - BOS Better Online Solutions Ltd. has appointed Osnat Gur as Board Chair and Avi Dadon as a new independent director [1][3] - Osnat Gur has been on the Board since 2021 and has extensive management experience in B2B marketing, technology, and manufacturing [2][3] - Avi Dadon previously served as Head of Procurement for the Israeli Ministry of Defense, bringing expertise in defense procurement and supply chain management [2][3] Leadership Insights - Osnat Gur expressed gratitude for her appointment and aims to drive growth in revenue and earnings for stockholders [3] - The addition of Avi Dadon is expected to leverage his experience in procurement to support BOS's continued success [3] Business Operations - BOS integrates advanced technologies across three specialized divisions: Intelligent Robotics, RFID, and Supply Chain [4][7] - The Intelligent Robotics Division focuses on automating industrial and logistics inventory processes [7] - The RFID Division enhances inventory management with real-time visibility and control [7] - The Supply Chain Division integrates components directly into customer products to meet evolving needs [7]

RISHON LE ZION, Israel, Feb. 20, 2025 (GLOBE NEWSWIRE) -- BOS Better Online Solutions Ltd. ("BOS" or the "Company") (NASDAQ: BOSC), an integrator of supply chain technologies announces with deep sorrow the passing of its Chairman, Mr. Ziv Dekel, after a long illness. The Board of Directors has initiated a search for a new Chairman and will provide updates in due course. Eyal Cohen, CEO of BOS, stated: “Ziv was a highly respected leader, mentor, and faithful friend to the entire team at BOS. He served as Cha ...

RISHON LE ZION, Israel, Feb. 12, 2025 (GLOBE NEWSWIRE) -- BOS Better Online Solutions Ltd. ("BOS" or the "Company") (NASDAQ: BOSC), an integrator of supply chain technologies, is pleased to announce that Eyal Cohen, Chief Executive Officer, will present at the Emerging Growth Conference on Tuesday, February 18, 2025, at 9:40 am Eastern Time. Mr. Cohen will provide an overview presentation and may subsequently open the floor for questions. Questions may be submitted in advance to Questions@EmergingGrowth.com ...

Group 1 - BOS Better Online Solutions Ltd. will release its financial results for Q4 and full-year 2024 on March 31, 2025, before market opens [1] - A video conference call will be held on March 31, 2025, at 8:30 a.m. Eastern Time to discuss the results [1] - A recording of the video conference will be available on the BOS website the following day for those unable to attend [1] Group 2 - BOS specializes in integrating advanced technologies to enhance supply chain operations across three divisions: Intelligent Robotics, RFID, and Supply Chain [2] - The Intelligent Robotics Division focuses on automating industrial and logistics inventory processes to improve efficiency and precision [3] - The RFID Division provides solutions for inventory management, ensuring real-time visibility and control [3] - The Supply Chain Division integrates franchised components into customer products to meet evolving needs [3]