BOS to Release Financial Results for the Second Quarter of 2021 on Tuesday, August 31, 2021

RISHON LEZION, Israel, July 19, 2021 — B.O.S. Better Online Solutions Ltd. (“BOS” or the “Company”) (NASDAQ: BOSC), announced today that it will release its financial results for the second quarter of 2021 on Tuesday, August 31, 2021.

BOS will host a conference call on Tuesday, August 31, 2021 at 9:00 a.m. EDT – 4:00 p.m., Israel Time. A question-and-answer session will follow management’s presentation. To access the conference call, please dial one of the following numbers:

US: +1-888-281-1167, International: +972-3-9180644.

For those unable to listen to the live call, a replay of the call will be available the next day on the BOS website: www.boscom.com 

About BOS

BOS is a global provider of custom-made robots and an integrator of off-the-shelf automation systems for industrial and logistics processes. BOS also provides supply chain services, mainly for the aerospace and defense industries worldwide.

For more information, please visit our websites:
Corporate – www.boscom.com    | Robotics– www.imdecol.com
RFID – www.dimex.co.il  | Supply Chain – www.odem.co.il

Contact:
Eyal Cohen, CEO
+972-542525925 | eyalc@boscom.com

May 27,2021

BOS Reports First Quarter of the Year 2021 Financial Results

Third Consecutive Profitable Quarter

RISHON LE ZION, Israel, May 27, 2021 – BOS Better Online Solutions Ltd. (“BOS” or the “Company”) (NASDAQ: BOSC) reported its financial results for the first quarter of the year 2021.

Revenues for the first quarter of 2021 were $7.3 million compared to $7.5 million in the comparable quarter last year. The decrease in revenues was attributed mostly to the RFID division, and reflects the adverse effects of the COVID-19 pandemic. We expect to make up the shortfall in first-quarter revenues during the rest of 2021.

Operating profit for the first quarter increased to $234,000 compared to $110,000 in the comparable quarter last year. The increase   is attributed to the improvement in the Robotics division operational results (see segment tables below).

Financial expenses in the first quarter of 2021 increased to $111,000 from $56,000 in the comparable quarter last year, due to the decrease in the exchange rate of the U.S. dollar to the Israeli Shekel.

Net income for the first quarter of 2021 was $123,000 or $0.02 per basic share compared to a net income of $54,000 or $0.01 per basic share in the first quarter of 2020.

Eyal Cohen, BOS’s CEO stated: “I am encouraged by the continuing improvement in the operational results of the Robotics division that has positively affected the first quarter of the year 2021, as compared to the comparable quarter last year. We are working extensively to strengthen and develop the growth engines of our divisions, by expanding our product offerings, developing new solutions, and branching into new territories and segments. Regarding the year 2021, we reiterate our expectation for revenues  in excess of $33 million and a net profit of above $1 million.” 

BOS will host a conference call on Friday, May 28, 2021 at 9:00 a.m. EDT – 4:00 p.m., Israel Time. A question-and-answer session will follow management’s presentation.

To access the conference call, please dial one of the following numbers:

US: +1-888-281-1167, International: +972-3-9180644.

For those unable to listen to the live call, a replay of the call will be available the next day on the BOS website: www.boscom.com

About BOS

BOS is a global provider of custom-made robots and an integrator of off-the-shelf automation systems for industrial and logistics processes. BOS also provides supply chain services, mainly for the aerospace and defense industries worldwide.

For more information, please visit our websites:

Corporate – www.boscom.com | Robotics– www.imdecol.com

RFID – www.dimex.co.il | Supply Chain – www.odem.co.il

Contact:
Eyal Cohen, CEO
+972-542525925 | eyalc@boscom.com

 

Use of Non-GAAP Financial Information
BOS reports financial results in accordance with US GAAP and herein provides some non-GAAP measures. These non-GAAP measures are not in accordance with, nor are they a substitute for, GAAP measures. These non-GAAP measures are intended to supplement the Company’s presentation of its financial results that are prepared in accordance with GAAP. The Company uses the non-GAAP measures presented to evaluate and manage the Company’s operations internally. The Company is also providing this information to assist investors in performing additional financial analysis that is consistent with financial models developed by research analysts who follow the Company. The reconciliation set forth below is provided in accordance with Regulation G and reconciles the non-GAAP financial measures with the most directly comparable GAAP financial measures.

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), 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.

Q1 2021 financial results

BOS to Release Financial Results for the First Quarter of 2021 on Thursday, May 27, 2021

RISHON LEZION, Israel, May 11, 2021 – B.O.S. Better Online Solutions Ltd. (“BOS” or the “Company”) (NASDAQ: BOSC), announced today that it will release its financial results for the first quarter of 2021 on Thursday, May 27, 2021.

BOS will host a conference call on Friday, May 28, 2021 at 9:00 a.m. EDT – 4:00 p.m., Israel Time. A question-and-answer session will follow management’s presentation.

To access the conference call, please dial one of the following numbers:
US: +1-888-281-1167, International: +972-3-9180644.

For those unable to listen to the live call, a replay of the call will be available the next day on the BOS website: https://www.boscorporate.com

About BOS
BOS is a global provider of custom-made robots and an integrator of off-the-shelf automation systems for industrial and logistics processes.

BOS also provides supply chain services, mainly for the aerospace and defense industries worldwide.

For more information, please visit our websites:
Corporate – www.boscom.com | Robotics– www.imdecol.com
RFID – www.dimex.co.il | Supply Chain – www.odem.co.il

Contact:
Eyal Cohen, CEO
+972-542525925 | eyalc@boscom.com

March 30, 2020

BOS Reports Fourth Quarter and Year-End 2020 Financial Results

 

Second Consecutive Quarter with Growth in Revenues and Profit

RISHON LE ZION, Israel, March 30, 2021 – BOS Better Online Solutions Ltd. (“BOS” or the “Company”) (NASDAQ: BOSC), reported its financial results for the fourth quarter and year-end 2020.

Fourth-quarter of the year 2020:

Revenues grew by 11% to $10.4 million from $9.4 million in the comparable quarter last year.

Operating profit amounted to $372,000, compared to an operating loss of $232,000 in the comparable quarter last year.

Net income amounted to $248,000, compared to a net loss of $322,000 in the comparable quarter last year.

The year 2020:

Revenue amounted to $33.6 million compared to $33.8 million in 2019.

Operating loss amounted to $651,000 compared to an operating loss of $631,000 in 2019.

Net loss amounted to $960,000 compared to a net loss of $913,000 in 2019.

Eyal Cohen, BOS’ CEO, stated: “I am pleased with a second consecutive quarter with growth in revenues and net income. Regarding the year 2021, we expect our revenues to exceed $33 million and a net profit of above $1 million.”

BOS will host a conference call on Tuesday, March 30, 2021, at 9:00 a.m. EDT – 4:00 p.m., Israel Time. A question-and-answer session will follow management’s presentation. To access the conference call, please dial one of the following numbers:

US: +1-888-281-1167, International: +972-3-9180644. For those unable to listen to the live call, a replay of the call will be available the next day on the BOS website: http://www.boscorporate.com

 About BOS

BOS is a global provider of custom-made robots and an integrator of off-the-shelf automation systems for industrial and logistics processes. BOS also provides supply chain services, mainly for the aerospace and defense industries worldwide.

For more information, please visit our websites:

Corporate – www.boscom.com | Robotics– www.imdecol.com

RFID – www.dimex.co.il | Supply Chain – www.odem.co.il

Contact:
Eyal Cohen, CEO
+972-542525925 | eyalc@boscom.com

 

Use of Non-GAAP Financial Information
BOS reports financial results in accordance with US GAAP and herein provides some non-GAAP measures. These non-GAAP measures are not in accordance with, nor are they a substitute for, GAAP measures. These non-GAAP measures are intended to supplement the Company’s presentation of its financial results that are prepared in accordance with GAAP. The Company uses the non-GAAP measures presented to evaluate and manage the Company’s operations internally. The Company is also providing this information to assist investors in performing additional financial analysis that is consistent with financial models developed by research analysts who follow the Company. The reconciliation set forth below is provided in accordance with Regulation G and reconciles the non-GAAP financial measures with the most directly comparable GAAP financial measures.

 

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 Intelligent Robotics business line), 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.

Q4 2020 Financial results

February 16, 2021

BOS’ Supply Chain Division Receives First Order from the United Arab Emirates

RISHON LEZION, Israel, February 16, 2021 – BOS Better Online Solutions Ltd. (“BOS” or the “Company”) (NASDAQ: BOSC), announced today that its Supply Chain Division has received its first order for electronic components from a United Arab Emirates customer. The order, in the amount of $180,000, is for delivery through the year 2021.

Avidan Zelicovski, BOS’ President, stated: “I am very pleased with this initial  penetration into the United Arab Emirates’ market. It is a new territory for us and has potential to grow our business.”

January 25, 2021

BOS to Release Fourth Quarter and Year End 2020 Financial Results and Host Conference Call on Tuesday, March 30, 2021

RISHON LEZION, Israel, January 25, 2021 – B.O.S. Better Online Solutions Ltd. (“BOS” or the “Company”) (NASDAQ: BOSC), announced today that it will release its financial results for the fourth quarter of 2020 and the year ended December 31, 2020 before the market opens on Tuesday, March 30, 2021.

BOS will host a conference call on Tuesday, March 30, 2021 at 9:00 a.m. EDT – 4:00 p.m., Israel Time. A question-and-answer session will follow management’s presentation. To access the conference call, please dial one of the following numbers:

US: +1-888-281-1167, International: +972-3-9180644.

For those unable to listen to the live call, a replay of the call will be available the next day on the BOS website: http://www.boscorporate.com

 

About BOS

BOS is a global provider of custom-made robots and an integrator of off-the-shelf automation systems for industrial and logistics processes. BOS also provides supply chain services, mainly for the aerospace and defense industries worldwide.

For more information, please visit our websites:

Corporate – www.boscom.com    | Robotics– www.imdecol.com

RFID – www.dimex.co.il  | Supply Chain – www.odem.co.il

Contact:

Eyal Cohen, CEO

+972-542525925 | eyalc@boscom.com

January 06, 2021

 

BOS Appoints Vice President for Robotics Sales in North America

BOS’ Robotics Division to Focus on the North American Market

RISHON LE ZION, Israel, January 6, 2021 — BOS Better Online Solutions Ltd. (“BOS” or the “Company”) (NASDAQ: BOSC), announced today that it has appointed Mr. Sam Michael as Vice President for Robotics Sales in North America.

Eyal Cohen, BOS’ CEO, stated: “Sam has 30 years of experience in sales to the U.S. plastic industry, which is a key market for BOS’ Robotics division. Sam has previously served as Sales Director at Milacron and Husky, which are global manufacturers of engineered systems for plastic manufacturers.  BOS will also strengthen its customer support by providing a U.S.-based technician ready to serve U.S. customers.

These changes put us in a good position to increase our market share in the U.S. and support BOS’ revenue growth in 2021.”

 

About BOS Better Online Solutions Ltd.

BOS used a shorter version: BOS is a global provider of custom-made intelligent robots and an integrator of off-the-shelf automation systems for industrial and logistics processes. BOS also provides supply chain services, mainly for the aerospace and defense industries worldwide.

For more information, please visit our websites:

Corporate – www.boscom.com    | Robotics– www.imdecol.com

RFID – www.dimex.co.il  | Supply Chain – www.odem.co.il

 

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 a 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, 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; risks associated with completing and successfully integrating an acquisition with BOS’s existing business; and additional risks and uncertainties detailed in BOS’ periodic reports and registration statements filed with the U.S. 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.

December 30, 2020

BOS BETTER ONLINE SOLUTIONS LTD. ANNOUNCES $2 MILLION

REGISTERED DIRECT OFFERING

RISHON LEZION, Israel, Dec. 30, 2020 (GLOBE NEWSWIRE) — BOS Better Online Solutions Ltd. (“BOS” or the “Company”) (NASDAQ: BOSC), announced today that it has entered into a definitive agreement with several institutional investors for the purchase and sale of 800,000 Ordinary Shares and 720,000 Warrants at a combined purchase price of $2.50 in a registered direct offering. The Warrants will have an exercise price of $2.75 per share, will be immediately exercisable and will expire in five years. The closing of the offering is expected to occur on or about January 4, 2020, subject to the satisfaction of customary closing conditions.

A.G.P./Alliance Global Partners is acting as sole financial advisor for the offering.

This offering is being made pursuant to an effective shelf registration statement on Form F-3 (File No. 333-249597) previously filed with the U.S. Securities and Exchange Commission (the “SEC”). A prospectus supplement describing the terms of the proposed offering will be filed with the SEC and will be available on the SEC’s website located at http://www.sec.gov. Electronic copies of the prospectus supplement may be obtained, when available, from A.G.P./Alliance Global Partners, 590 Madison Avenue, 28th Floor, New York, NY 10022, or by telephone at (212) 624-2060, or by email at prospectus@allianceg.com.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About BOS Better Online Solutions Ltd.
BOS is a global provider of intelligent systems and services for production and logistics. BOS’ Robotics and RFID Division offers intelligent robotics and RFID systems for industrial and logistics processes as well as for retail store management. BOS’ Supply Chain Division provides electronic components, mainly for the aerospace, defense and other industries worldwide. Its services include the consolidation of components from a vast number of suppliers, long term scheduling and kitting.

For more information, please visit www.boscom.com or 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 a 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, 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; risks associated with completing and successfully integrating an acquisition with BOS’s existing business; and additional risks and uncertainties detailed in BOS’ periodic reports and registration statements filed with the U.S. 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.

 

 

December 17, 2020

Annual General Meeting

The Registrant hereby announces that at the Annual General Meeting of shareholders held on December 16, 2020, the following proposed resolutions were adopted:

1. To re-elect and elect (as applicable) the following to serve as directors on the Company’s Board of Directors for such terms as set forth below, and until their successors have been duly elected and qualified:

         a.       Michael Osborne – for a term of 3 years (Class A);

         b.       Eyal Cohen – for a term of 2 years (Class B).

 

Mr. Ralph Sassun was not re-elected to the Board of Directors.

 

2. To approve the New Compensation Policy;

 

3. To approve the grant of options to the Company’s Chairman;

 

4. To approve the cancellation of the nominal value of the Company’s Ordinary Shares;

 

5. To approve an increase of the Company’s authorized share capital;

 

6. To appoint Fahn Kanne & Co. Grant Thornton Israel, as the Company’s Independent Auditors for the year ending December 31, 2020, and for such additional period until the next annual general meeting of shareholders.

 

For additional details please refer to the proxy statement filed under Form 6-K on November 4, 2020.

November 30, 2020

BOS Reports Third Quarter 2020 Financial Results

Profitable Third Quarter and Positive Outlook for 2021

 

RISHON LEZION, Israel, November 30, 2020 – BOS Better Online Solutions Ltd. (“BOS” or the “Company”) (NASDAQ: BOSC), reported its financial results for the third quarter and nine months ended September 30, 2020.

Third-quarter results:
Revenues grew by 3% to $8.2 million from $7.9 million in the comparable quarter last year.

Gross profit grew by 21% to $1.7 million from $1.4 million in the comparable quarter last year.

Operating profit amounted to $227,000, compared to an operating loss of $724,000 in the comparable quarter last year.

Net income amounted to $179,000, compared to a net loss of $754,000 in the comparable quarter last year.

Nine-month results:
Revenue decreased by 5% to $23.1 million from $24.5 million in the comparable period last year.

Gross profit decreased by 11% to $4.2 million from $4.8 million in the comparable period last year.

Operating loss amounted to $1 million, compared to an operating loss of $400,000 in the comparable period last year.

Net loss amounted to $1.2 million compared to a net loss of $600,000 in the comparable period last year.

Eyal Cohen, BOS’ CEO, stated: “In the third quarter, all of our business units presented improved results as compared to the comparable quarter last year and the first half of 2020. We are encouraged by the third-quarter results, and we anticipate that the fourth quarter will continue this trend of improvement.”

“During the third quarter, we made progress in streamlining the operational, marketing, and sales platform of our Intelligent Robotic business unit. We anticipate that this process will support the unit’s growth and that is will show profits in the year 2021. “

Outlook 

Mr. Cohen added: “We expect the year 2020 revenues to be between $32 and $33 million compared to revenues of $33.8 million in 2019. The decrease in revenues is primarily attributable to the effects of the covid 19 pandemic on sales of all of the Company’s operating businesses. We further anticipate that the fourth quarter of 2020 will be profitable.

Regarding the year 2021, we expect our revenues to exceed $33 million and a net profit of above $1 million.”

BOS will host a conference call on Monday, November 30, 2020, at 10:00 a.m. EST – 5:00 p.m., Israel Time. A question-and-answer session will follow management’s presentation.

To access the conference call, please dial one of the following numbers:

US: +1-888-281-1167, International: +972-3-9180644.

For those unable to listen to the live call, a replay of the call will be available the next day on the BOS website: www.boscom.com

About BOS

BOS is a global provider of custom-made intelligent robots and an integrator of off-the-shelf automation systems for industrial and logistics processes. BOS also provides supply chain services, mainly for the aerospace and defense industries worldwide.

For more information, please visit www.boscom.com or contact:

Eyal Cohen, CEO

+972-542525925 eyalc@boscom.com

 

 

Use of Non-GAAP Financial Information

BOS reports financial results in accordance with US GAAP and herein provides some non-GAAP measures. These non-GAAP measures are not in accordance with, nor are they a substitute for, GAAP measures. These non-GAAP measures are intended to supplement the Company’s presentation of its financial results that are prepared in accordance with GAAP. The Company uses the non-GAAP measures presented to evaluate and manage the Company’s operations internally. The Company is also providing this information to assist investors in performing additional financial analysis that is consistent with financial models developed by research analysts who follow the Company. The reconciliation set forth below is provided in accordance with Regulation G and reconciles the non-GAAP financial measures with the most directly comparable GAAP financial measures.

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), 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.

Q3 2020 Financial results