BOS Reports Record $15 Million in Revenues for the First Quarter of 2025

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]