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B.O.S. Better Online Solutions .(BOSC) - 2025 Q1 - Quarterly Report
2025-05-29 19:02
[Q1 2025 Financial Highlights and Management Commentary](index=1&type=section&id=Q1%202025%20Financial%20Highlights%20and%20Management%20Commentary) BOS achieved record Q1 2025 revenues and net income, driven by defense sector focus and efficiency, with management optimistic about exceeding full-year outlook [First Quarter 2025 Financial Highlights](index=1&type=section&id=First%20Quarter%202025%20Financial%20Highlights) BOS achieved record Q1 2025 revenues of **$15 million** and net income, driven by defense sector focus and efficiency, and expects to surpass its full-year outlook - BOS achieved **record revenues and net income** in Q1 2025, attributing success to its strategic focus on the defense sector and diligent operating efficiency[4](index=4&type=chunk) - Management anticipates surpassing the full-year 2025 outlook of **$44 million in revenues** and **$2.5 million in net income**, supported by Q1 performance and backlog[4](index=4&type=chunk) - Backlog decreased to **$22 million** as of March 31, 2025, from **$27 million** as of December 31, 2024[6](index=6&type=chunk) Q1 2025 Financial Performance | Metric | Q1 2025 (USD) | Q1 2024 (USD) | Change (%) | | :----- | :------------ | :------------ | :--------- | | Revenues | $15.0 million | $11.3 million | +33.1% | | Gross profit margin | 23.9% | 22.7% | +1.2 pp | | EBITDA | $1.9 million | $1.0 million | +86.2% | | Operating expenses increase | 7.7% | N/A | N/A | | Net income | $1.35 million | $741,000 | +82.3% | | Basic net income per share | $0.23 | $0.13 | +76.9% | [About BOS Better Online Solutions Ltd.](index=2&type=section&id=About%20BOS) BOS integrates advanced technologies to enhance supply chain operations for global clients in aerospace, defense, industrial, and retail [Company Overview](index=2&type=section&id=About%20BOS%20Company%20Overview) BOS integrates advanced technologies to enhance supply chain operations for global clients in aerospace, defense, industrial, and retail sectors - BOS integrates advanced technologies to streamline supply chain operations for global clients in aerospace, defense, industrial, and retail sectors[7](index=7&type=chunk) [Business Segments](index=2&type=section&id=Business%20Segments) BOS operates three divisions: Intelligent Robotics, RFID, and Supply Chain, automating inventory, optimizing management, and integrating components - Intelligent Robotics Division: Automates industrial and logistics inventory processes through advanced robotics technologies, improving efficiency and precision[10](index=10&type=chunk) - RFID Division: Optimizes inventory management with state-of-the-art solutions for marking and tracking, ensuring real-time visibility and control[10](index=10&type=chunk) - Supply Chain Division: Integrates franchised components directly into customer products, meeting their evolving needs for developing innovative solutions[10](index=10&type=chunk) [Consolidated Financial Statements](index=3&type=section&id=Consolidated%20Financial%20Statements) BOS reported significant Q1 2025 growth in revenues and net income, demonstrating improved profitability and operational leverage [Consolidated Statements of Operations](index=3&type=section&id=CONSOLIDATED%20STATEMENTS%20OF%20OPERATIONS) BOS reported significant Q1 2025 revenue and net income growth compared to Q1 2024, demonstrating improved profitability and operational leverage Consolidated Statements of Operations (U.S. dollars in thousands) | Metric (U.S. dollars in thousands) | Three months ended March 31, 2025 | Three months ended March 31, 2024 | Year ended December 31, 2024 | | :--------------------------------- | :-------------------------------- | :-------------------------------- | :--------------------------- | | Revenues | $15,026 | $11,287 | $39,949 | | Cost of revenues | $11,437 | $8,727 | $30,655 | | Gross profit | $3,589 | $2,560 | $9,294 | | Operating income | $1,743 | $846 | $1,439 | | Net income | $1,351 | $741 | $2,300 | | Basic net income per share | $0.23 | $0.13 | $0.40 | | Diluted net income per share | $0.22 | $0.13 | $0.39 | [Consolidated Balance Sheets](index=4&type=section&id=CONSOLIDATED%20BALANCE%20SHEETS) As of March 31, 2025, BOS's total assets increased due to higher trade receivables and cash, with liabilities rising from trade payables and deferred revenues Consolidated Balance Sheets (U.S. dollars in thousands) | Metric (U.S. dollars in thousands) | March 31, 2025 | December 31, 2024 | | :--------------------------------- | :------------- | :---------------- | | **ASSETS** | | | | Cash and cash equivalents | $3,844 | $3,368 | | Trade receivables, net | $15,839 | $11,787 | | Inventories | $7,505 | $7,870 | | Total current assets | $28,489 | $24,360 | | Total assets | $38,321 | $34,343 | | **LIABILITIES AND SHAREHOLDERS' EQUITY** | | | | Trade payables | $7,769 | $6,362 | | Deferred revenues (current) | $2,543 | $2,003 | | Total current liabilities | $13,034 | $10,665 | | Total liabilities and shareholders' equity | $38,321 | $34,343 | | Total shareholders' equity | $23,049 | $21,331 | [Condensed Consolidated EBITDA](index=6&type=section&id=CONDENSED%20CONSOLIDATED%20EBITDA) BOS's EBITDA significantly increased in Q1 2025 compared to Q1 2024, reflecting improved operating income and lower non-cash adjustments Condensed Consolidated EBITDA (U.S. dollars in thousands) | Metric (U.S. dollars in thousands) | Three months ended March 31, 2025 | Three months ended March 31, 2024 | Year ended December 31, 2024 | | :--------------------------------- | :-------------------------------- | :-------------------------------- | :--------------------------- | | Operating income | $1,743 | $846 | $1,439 | | Impairment of Goodwill and other intangible assets | - | - | $1,173 | | Amortization of intangible assets | 15 | 47 | 190 | | Stock-based compensation | 9 | 21 | 74 | | Depreciation | 101 | 89 | 370 | | EBITDA | $1,868 | $1,003 | $3,246 | [Segment Information](index=7&type=section&id=SEGMENT%20INFORMATION) In Q1 2025, Supply Chain Solutions was the largest contributor to revenues and operating income, followed by RFID and Intelligent Robotics [Three Months Ended March 31, 2025](index=7&type=section&id=Segment%20Information%20Q1%202025) In Q1 2025, Supply Chain Solutions was the largest contributor to revenues and operating income, followed by RFID and Intelligent Robotics Segment Performance Q1 2025 (U.S. dollars in thousands) | Segment (U.S. dollars in thousands) | Revenues | Gross profit | Income from operations | | :---------------------------------- | :------- | :----------- | :--------------------- | | RFID | $3,259 | $707 | $178 | | Supply Chain Solutions | $11,390 | $2,756 | $1,708 | | Intelligent Robotics | $496 | $126 | $58 | | Consolidated | $15,026 | $3,589 | $1,743 | [Three Months Ended March 31, 2024](index=7&type=section&id=Segment%20Information%20Q1%202024) In Q1 2024, Supply Chain Solutions led in revenues and operating income, with RFID and Intelligent Robotics showing smaller but positive operational results Segment Performance Q1 2024 (U.S. dollars in thousands) | Segment (U.S. dollars in thousands) | Revenues | Gross profit | Income from operations | | :---------------------------------- | :------- | :----------- | :--------------------- | | RFID | $3,683 | $992 | $427 | | Supply Chain Solutions | $7,356 | $1,484 | $575 | | Intelligent Robotics | $250 | $84 | $22 | | Consolidated | $11,287 | $2,560 | $846 | [Year Ended December 31, 2024](index=8&type=section&id=Segment%20Information%20FY%202024) For FY2024, Supply Chain Solutions was the dominant segment in revenues and operating income, with impairment charges mainly in RFID and Supply Chain Segment Performance FY 2024 (U.S. dollars in thousands) | Segment (U.S. dollars in thousands) | Revenues | Gross profit | Income from operations | Impairment of goodwill and intangible assets | | :---------------------------------- | :------- | :----------- | :--------------------- | :------------------------------------------- | | RFID | $12,877 | $3,533 | $276 | $984 | | Supply Chain Solutions | $25,829 | $5,430 | $1,903 | $189 | | Intelligent Robotics | $1,410 | $331 | $57 | - | | Consolidated | $39,949 | $9,294 | $1,439 | $1,173 | - Unallocated operating expenses include costs not specific to a particular segment but general to the entire group, such as expenses incurred for insurance of directors and officers, public company fees, and legal fees[22](index=22&type=chunk) [Non-GAAP Financial Measures](index=2&type=section&id=Use%20of%20Non-GAAP%20Financial%20Information) BOS provides non-GAAP financial measures to supplement GAAP results, assisting investors and internal operational evaluation [Non-GAAP Financial Measures Overview](index=2&type=section&id=Non-GAAP%20Financial%20Measures%20Overview) BOS provides non-GAAP measures to supplement GAAP results, assisting investors in financial analysis and internal operational evaluation - BOS uses non-GAAP measures to supplement GAAP results, evaluate internal operations, and assist investors with financial analysis consistent with research analyst models[8](index=8&type=chunk) - Non-GAAP measures are not a substitute for GAAP and are reconciled with comparable GAAP measures in accordance with Regulation G[8](index=8&type=chunk) [Safe Harbor Regarding Forward-Looking Statements](index=2&type=section&id=Safe%20Harbor%20Regarding%20Forward-Looking%20Statements) Forward-looking statements are subject to risks and uncertainties, including customer dependency, gross profit, competition, market expansion, legal, and geopolitical risks [Forward-Looking Statements Risks](index=2&type=section&id=Forward-Looking%20Statements%20Risks) Forward-looking statements are subject to risks and uncertainties, including customer dependency, gross profit, competition, market expansion, legal, and geopolitical risks - Forward-looking statements reflect management's current views but are subject to risks and uncertainties that could cause actual results to differ materially[9](index=9&type=chunk) - Key risk factors include dependency on major customers, uncertainty of maintaining gross profit margins, inability to keep up with technology, intense competition, challenges in market expansion, legal claims, exchange rate fluctuations, general economic conditions, and geopolitical events (e.g., war against Hamas)[9](index=9&type=chunk) - BOS undertakes no obligation to publicly update or revise any forward-looking statements[9](index=9&type=chunk) [Contact Information](index=2&type=section&id=For%20additional%20information%2C%20contact) Provides contact details for investor relations and the company's CEO for additional information [Investor and Company Contacts](index=2&type=section&id=Investor%20and%20Company%20Contacts) Provides contact details for investor relations and the company's CEO for additional information - Investor Relations Contact: **Matt Kreps**, Managing Director, Darrow Associates (**+1-214-597-8200**, mkreps@darrowir.com)[8](index=8&type=chunk) - Company CEO Contact: **Eyal Cohen** (**+972-542525925**, eyalc@boscom.com)[8](index=8&type=chunk)
B.O.S. Better Online Solutions .(BOSC) - 2025 Q1 - Earnings Call Transcript
2025-05-29 13:32
Financial Data and Key Metrics Changes - The company reported record revenues and net income for Q1 2025, with a revenue target of $44 million and net income of $2.5 million for the full year [4][8] - The backlog stands at $22 million, which covers approximately 50% of the annual revenue target, indicating strong demand [24][25] - The company has demonstrated consistent profitability with a compounded annual growth rate of 49% in net income from 2021 to 2025 [7] Business Line Data and Key Metrics Changes - The company is expanding its offerings in the defense sector, including a new cabling line that enhances its value proposition [5] - The supply chain division generated $4 million in overseas sales in 2024, indicating successful international expansion efforts [6] Market Data and Key Metrics Changes - The defense sector fundamentals are strengthening globally, with Israel's defense budget increasing by 73% year-over-year and Europe's by 16% [7] - The company is strategically positioned to benefit from the robust growth trajectory in the defense sector [6] Company Strategy and Development Direction - The growth strategy is based on deepening client relationships and international expansion [5] - The company is exploring acquisition opportunities that align with its business, particularly in the civil and defense markets [10] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in exceeding the full-year targets due to a strong backlog and favorable market conditions [4][25] - The company plans to maintain a conservative approach while capitalizing on organic growth opportunities, especially in the Israeli and Indian markets [10] Other Important Information - The company has a strong balance sheet with $23 million in equity, no bank debt, and $4 million in cash, providing flexibility for strategic growth [7][8] - The company trades at a price-to-earnings ratio of 10 and a price-to-book value ratio of 1, suggesting attractive valuation compared to broader market multiples [8] Q&A Session Summary Question: Can you talk about margins moving forward? - Management indicated that gross margins are expected to remain stable as the company expands its offerings, allowing for higher pricing and margins [9] Question: Do you see continued growth coming from the defense sector? - Management confirmed that the defense market is robust, with a focus on organic growth opportunities, particularly in Israel and India, while also exploring potential acquisitions [10] Question: Can you address the backlog? - The backlog has decreased from $27 million to $22 million, but management remains confident in achieving the revenue outlook for 2025 [15][24] Question: Was there a specific defense program driving business growth this quarter? - Management noted that components for a leading Israeli munition program contributed to the business growth [17] Question: Any plans for the $4 million in cash? - The cash will be used for working capital to execute transactions in the defense market and for future acquisitions [20] Question: How long is the backlog? - The backlog is expected to be spread throughout 2025, covering a significant portion of the annual revenue target [24] Question: Can you provide comments about the second quarter? - Management prefers to provide an annual outlook rather than quarterly predictions but indicated that more information will be available in the next quarter [28]
B.O.S. Better Online Solutions .(BOSC) - 2025 Q1 - Earnings Call Transcript
2025-05-29 13:30
Financial Data and Key Metrics Changes - The company reported record revenues and net income for Q1 2025, with a revenue target of $44 million and net income of $2.5 million for the full year [4][8] - The backlog decreased to $22 million from a record $27 million in December, which still covers approximately 50% of the annual revenue target [15][24] Business Line Data and Key Metrics Changes - The company is expanding its offerings in the defense sector, including a new cabling line that enhances its value proposition [5] - The robotic division is set to install its first European production line, marking a significant step in international expansion [6] Market Data and Key Metrics Changes - The Israeli defense budget increased by 73% year-over-year, while Europe's defense budget rose by 16%, creating a favorable demand environment for the company [7] - The company achieved a compounded annual growth rate of 49% in net income from 2021 to 2025 [7] Company Strategy and Development Direction - The growth strategy is based on deepening client relationships and international expansion, particularly through partnerships with Israeli defense global subcontractors [5][6] - The company is exploring acquisition opportunities that align with its business, particularly in the civil and defense markets [11] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in exceeding the full-year targets due to a strong backlog and favorable market conditions [4][25] - The company maintains a conservative approach while focusing on organic growth opportunities, especially in the Israeli and Indian markets [11] Other Important Information - The company has a strong financial foundation with $4 million in cash, zero bank debt, and $23 million in equity, providing flexibility for strategic growth [7][8] - The company trades at a price-to-earnings ratio of 10 and a price-to-book value ratio of 1, indicating attractive valuation compared to broader market multiples [8] Q&A Session Summary Question: Can you talk about margins moving forward as the company continues to grow and expand? - Management indicated that gross margins are expected to remain stable as the company expands its offerings, allowing for higher pricing and margins [10] Question: Do you see continued growth coming from the defense sector? - Management confirmed that the defense market is robust, with a focus on organic growth opportunities, while also exploring potential acquisitions [11] Question: Can you address the backlog? - The backlog dropped to $22 million, which is still considered high and covers a significant portion of annual revenues, reflecting confidence in future performance [15][24] Question: Was there a specific defense program that drove the business this quarter? - Management noted that components were embedded in one of Israel's leading munitions, indicating a broad-based demand rather than reliance on a single program [17] Question: Any plans for the $4 million in cash? - The cash will be used for working capital and potential future acquisitions in the defense market [20] Question: Can you provide comments about the second quarter? - Management stated that they usually provide an annual outlook and will have more information for the second quarter results in August [27]
BOS Reports Record $15 Million in Revenues for the First Quarter of 2025
Globenewswire· 2025-05-29 11:30
Core Insights - BOS Better Online Solutions Ltd. reported record revenues and net income for Q1 2025, driven by a strategic focus on the defense sector and operational efficiency [3][4] - The company anticipates exceeding its full-year 2025 outlook of $44 million in revenues and $2.5 million in net income based on Q1 performance and contracted backlog [3] Financial Performance - Revenues increased by 33.1% to $15.0 million from $11.3 million in Q1 2024 [7] - Gross profit margin improved to 23.9% compared to 22.7% in Q1 2024 [7] - EBITDA rose by 86.2% to $1.9 million from $1.0 million in Q1 2024 [7] - Operating expenses increased by only 7.7%, demonstrating operating leverage against the 33.1% revenue increase [7] - Net income increased by 82.3% to $1.35 million or $0.23 per basic share compared to $741,000 or $0.13 per basic share in Q1 2024 [7] Operational Highlights - The backlog as of March 31, 2025, was $22 million, down from $27 million as of December 31, 2024 [7] - The company integrates advanced technologies across three specialized divisions: Intelligent Robotics, RFID, and Supply Chain [5][6] Segment Information - For Q1 2025, revenues by segment were: Supply Chain $3.3 million, RFID $11.4 million, and Intelligent Robotics $0.5 million [19] - Gross profit by segment was: Supply Chain $0.7 million, RFID $2.8 million, and Intelligent Robotics $0.1 million [19]
BOS Secures Orders for Two New Robotic Packing and Palletizing Systems from Food Manufacturing Customers in Israel
Globenewswire· 2025-05-12 13:00
Core Viewpoint - BOS Better Online Solutions Ltd. has secured new orders for automated end-of-line systems from two food manufacturing customers, highlighting the company's focus on enhancing supply chain efficiency through automation [1][2]. Group 1: New Orders and Financial Impact - The new orders, valued at approximately $270,000, will be installed at manufacturing sites in Israel [2]. - These orders are a result of collaboration between BOS's RFID and Intelligent Robotics divisions, showcasing the company's integrated approach to supply chain solutions [2]. Group 2: Technology and Automation - The automated systems will perform critical tasks such as automatic carton erection, robotic printing and labeling, automatic box sealing, and robotic arm palletizing, which are essential for improving operational efficiency [3]. - The automation of end-of-line processes is crucial for manufacturers aiming to increase capacity and reliability, especially in areas with limited workforce availability [5]. Group 3: Future Opportunities - Each customer has multiple sites, which may lead to further opportunities for implementing similar end-of-line solutions across their facilities, enhancing overall operating efficiency and cost reduction [6]. - BOS is set to report its first quarter 2025 results on May 29, 2025, which may provide further insights into the company's financial performance and growth prospects [6]. Group 4: Company Overview - BOS operates through three specialized divisions: Intelligent Robotics, RFID, and Supply Chain, each focusing on different aspects of supply chain technology to improve efficiency and precision [8].
BOS to Release First Quarter 2025 Results on May 29, 2025
Globenewswire· 2025-04-10 13:00
Core Viewpoint - BOS Better Online Solutions Ltd. will release its financial results for the first quarter of 2025 on May 29, 2025, before the market opens [1] Company Overview - BOS specializes in integrating supply chain technologies for sectors including aerospace, defense, industrial, and retail [1][2] - The company operates through three specialized divisions: Intelligent Robotics Division, RFID Division, and Supply Chain Division [4] Upcoming Events - A video conference call will be held on May 29, 2025, at 8:30 a.m. EDT, which will include a question-and-answer session following the management's presentation [2] - A recording of the conference will be available on the BOS website the day after the event [2]
BOS RFID Division Secures $375,000 Order for New Product Line
Newsfilter· 2025-04-08 13:00
Core Insights - BOS Better Online Solutions Ltd. has secured a new order worth $375,000 for an automatic sorting machine from a global fashion retailer, scheduled for delivery in Q4 2025 [1][2] - The order reflects the strong sales momentum in 2025 for BOS, particularly in its RFID division, which has expanded its offerings to include automatic sorting and packing machines [2] - The automatic sorting machines are designed to enhance shipment accuracy, increase volume capacities, and reduce reliance on workforce resources, positioning the RFID division as a vital growth engine for the company [2] Company Overview - BOS integrates advanced technologies across three specialized divisions: Intelligent Robotics, RFID, and Supply Chain [4] - The Intelligent Robotics division focuses on automating industrial and logistics inventory processes, improving efficiency and precision [4] - The RFID division optimizes inventory management with solutions for marking and tracking, ensuring real-time visibility and control [4] - The Supply Chain division integrates franchised components directly into customer products, addressing evolving needs for innovative solutions [4]
B.O.S. Better Online Solutions .(BOSC) - 2024 Q4 - Annual Report
2025-03-31 19:48
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].
B.O.S. Better Online Solutions .(BOSC) - 2024 Q4 - Earnings Call Transcript
2025-03-31 14:16
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 the year [19] Market Data and Key Metrics Changes - The Israeli defense budget rose 73% year-over-year, while Europe's defense budget increased by 16% year-over-year, positively impacting key clients and the company [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 strong backlog and growth in the defense sector as key drivers [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, which impacted 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]
B.O.S. Better Online Solutions .(BOSC) - 2024 Q4 - Annual Report
2025-03-31 14:14
Exhibit 99.1 BOS Reports Financial Results for the Fourth Quarter and Full Year 2024 Net Income Rises 14.7% Year-Over-Year on Increased Gross Margin, Ef icient Operations Provides Initial 2025 Outlook for Further 10% Growth in Sales and Net Income RISHON LE ZION, Israel, March 31, 2025 – BOS Better Online Solutions Ltd. ("BOS" or the "Company") (NASDAQ: BOSC) reported its financial results for the fourth quarter and full year 2024. Fourth Quarter 2024 Financial Highlights: Eyal Cohen, BOS' CEO, stated: "BOS ...