BOS’ Intelligent Robotics Division Receives a $300,000 Order from an Israeli Customer

RISHON LE ZION, Israel, June 2, 2022 (GLOBE NEWSWIRE) — BOS Better Online Solutions Ltd. (“BOS” or the “Company”) (NASDAQ: BOSC) announced today that its Intelligent Robotics Division had received a $300,000 order.

Eyal Cohen, BOS’s CEO, stated: “This order from an existing customer demonstrates the clear added value of our Robotics systems to industrial automation. We focus on recurring sales to existing customers and also target new customers with ongoing extensive automation needs. We carefully choose the projects we undertake in order to reduce the development risks inherent to custom-made robotics and automation systems.” 

About BOS

BOS provides services and systems for inventory production and management in three channels:

  • Services – The Supply Chain division provides inventory procurement and kitting – www. BOSSupplyChain.com.
  • Integration – the RFID division provides off-the-shelf software and equipment to track and manage inventory in the production floor and warehouse – www.BOSRFID.com.
  • Development – the Intelligent Robotics division develops and builds custom-made robotic cells for industrial and logistic processes – www.BOSRobotics.com.

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 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) and Dagesh Inventory Counting and Maintenance Ltd.,  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, the 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.

BOS Reports First Quarter of the Year 2022 Financial Results

47% growth in revenues

RISHON LE ZION, Israel, May 31, 2022 – BOS Better Online Solutions Ltd. (“BOS” or the “Company”) (NASDAQ: BOSC) reported its financial results for the first quarter of the year 2022.

Revenues for the first quarter of 2022 increased by 47% to $10.8 million compared to $7.3 million in the comparable quarter of last year.

Operating income for the first quarter of 2022 increased by 98% to $465,000 compared to $234,000 in the comparable quarter of last year.

Net income for the first quarter of 2022 increased by 155% to $314,000 or $0.06 per basic share compared to a net income of $123,000 or $0.02 per basic share in the comparable quarter of 2021.

Eyal Cohen, BOS’s CEO stated: “I am encouraged by the strong opening of the first quarter of the year 2022. The globally increasing demand for electronic components and the military conflict in Europe were  catalysts for the growth of the Supply Chain division. In addition, the increase in the number of logistic centers in Israel and the return of the retail stores to work on a full scale supported the growth of the RFID division. Looking forward, I anticipate that the shortage of workers for production and the logistics operations will be a growth engine for our Intelligent Robotic division”. 

BOS will host a conference call on Tuesday, May 31, 2022 at 9:00 a.m. EDT – 4:00 p.m., Israel Time. A question-and-answer session will follow the 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 provides services and systems for inventory production and management in three channels:

  •     Services – The Supply Chain division provides inventory procurement and kitting.
  •     Integration – the RFID division provides off-the-shelf software and equipment to track and manage inventory in the production floor and warehouse.
  •     Development – the Intelligent Robotics division develops and builds custom-made robotic cells for the industrial and logistic processes.

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) and of Dagesh Inventory Counting and Maintenance Ltd., 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.


CONSOLIDATED STATEMENTS OF OPERATIONS

U.S. dollars in thousands

   

Three months ended
March 31,

 

Year ended
December 31,

   

2022

 

2021

 

2021

   

(Unaudited)

 

(Audited)

             

Revenues

 

              $10,789

 

            $7,328

 

              $33,634

Cost of revenues

 

8,537

 

5,648

 

27,048

Gross profit 

 

2,252

 

1,680

 

6,586

             

Operating costs and expenses:

           

    Research and development

 

51

 

60

 

208

    Sales and marketing 

 

1,150

 

952

 

3,955

    General and administrative 

 

527

 

434

 

1,906

  Acquisition expenses

 

59

 

 

Total operating costs and expenses

 

1,787

 

1,446

 

6,069

             

Operating Income 

 

465

 

234

 

517

Financial expenses, net

 

(151)

 

(111)

 

(105)

Income before taxes on income 

 

314

 

123

 

412

Taxes on income

 

 

 

39

Net income 

 

$                314

 

$               123

 

$              451

             

Basic net income per share

 

    $             0.06 

 

$          0.02

 

$             0.09

Diluted net income  per share

 

    $             0.06 

 

$          0.02

 

$            0.08

Weighted average number of shares used in computing basic net income per share

 

5,251

 

            5,157

 

                  5,212

Weighted average number of shares used in computing diluted net income per share

 

            5,291

 

            5,185

 

                  5,424

Number of outstanding shares as of March 31, 2022 and 2021 and December 31, 2021

 

            5,251

 

        5,185

 

                  5,251

CONSOLIDATED BALANCE SHEETS

 (U.S. dollars in thousands)

   

  March 31, 2022

 

December 31, 2021

   

(Unaudited)

 

     (Audited)

ASSETS

       
         

CURRENT ASSETS:

       

Cash and cash equivalents 

 

$ 1,300

 

$    1,875

Restricted bank deposits 

 

239

 

                242

Trade receivables 

 

10,552

 

9,209

Other accounts receivable and prepaid expenses 

 

1,408

 

977

Inventories 

 

5,541

 

5,567

         

Total current assets

 

19,040

 

17,870

         

LONG-TERM ASSETS

 

135

 

150

         

PROPERTY AND EQUIPMENT, NET

 

1,073

 

1,097

         

OPERATING LEASE RIGHT-OF-USE ASSETS, NET

 

858

 

944

         

OTHER INTANGIBLE ASSETS, NET 

 

580

 

20

         

GOODWILL 

 

4,895

 

4,676

         

Total assets

 

      $ 26,581

 

$      24,757


CONSOLIDATED BALANCE SHEETS

(U.S. dollars in thousands)

   

March 31, 2022

 

December 31, 2021

   

(Unaudited)

 

(Audited)

         

LIABILITIES AND SHAREHOLDERS’ EQUITY

       
         

CURRENT LIABILITIES:

       

Current maturities of long term loans

 

$ 670

 

$        740

Operating lease liabilities, current

 

475

 

538

Trade payables 

 

6,711

 

5,200

Employees and payroll accruals

 

1,118

 

996

Deferred revenues

 

455

 

917

Advances net of inventory in process

 

371

 

249

Accrued expenses and other liabilities 

 

333

 

112

         

Total current liabilities

 

10,133

 

8,752

         

LONG-TERM LIABILITIES:

       

Long-term loans, net of current maturities 

 

505

 

681

Operating lease liabilities, non-current

 

518

 

565

Long term deferred revenues

 

465

 

132

Accrued severance pay

 

273

 

280

         

Total long-term liabilities

 

1,761

 

1,658

         
         

TOTAL SHAREHOLDERS’ EQUITY

 

14,687

 

14,347

         
         

Total liabilities and shareholders’ equity

 

$   26,581

 

$ 24,757


CONDENSED CONSOLIDATED EBITDA

 (U.S. dollars in thousands)

   

Three months ended 

March 31,

 

Year ended December 31,

   

2022

 

2021

 

2021

 
             

Operating income 

 

                                                                                                                      $          465

 

                                                                                                                      $          234

 

$        517 

 

  Add:

           

Amortization of intangible assets 

 

14

 

5

 

20

 

Stock-based compensation

 

25

 

15

 

67

 

Depreciation

 

58

 

54

 

238

 

EBITDA

 

$        562

 

$        308

 

$    842

 
               

SEGMENT INFORMATION

(U.S. dollars in thousands)



   

RFID

 

Supply

Chain Solutions

 

Intelligent Robotics

 

Intercompany

 

Consolidated

 
       

Three months ended March 31,

2022

 
                       
                       

Revenues 

 

$ 4,103

 

$ 6,508

 

178

 

$

 

$ 10,789

 
                       
                       

Gross profit

 

1,031

 

1,244

 

        (23)

 

            –     

 

2,252

 
                       

Allocated operating expenses

 

627

 

776

 

        141

 

            –     

 

1,544

 
                       

Acquisition expenses

 

59

 

 

     

59

 
                       

Unallocated operating expenses*

 

 

 

     

184

 
                       

Income (loss) from operations

 

$ 345

 

$ 468

 

$ (164)

 

            –     

 

465

 
                       

Financial expenses 

                 

(151)

 
                       

Net income

                 

$ 314

 
                       
                       
                       

 

   

RFID

 

Supply

Chain Solutions

 

Intelligent Robotics

 

Intercompany

 

Consolidated

 
       

Three months ended March 31,

2021

 
                       
                       

Revenues 

 

$ 2,948

 

$ 3,954

 

454

 

$ (28)

 

$ 7,328

 
                       
                       

Gross profit

 

848

 

648

 

184

 

            –     

 

1,680

 
                       

Allocated operating expenses

 

545

 

535

 

        198

 

            –     

 

1,278

 
                       

Unallocated operating expenses*

 

 

 

     

169

 
                       

Income (loss) from operations

 

$ 303

 

$ 113

 

$ (14)

 

            –     

 

234

 
                       

Financial expenses 

                 

(111)

 
                       

tax on income

                     
                       

Net income

                 

$ 123

 
                       
                       
                       

 

   

RFID

 

Supply

Chain Solutions

 

Intelligent Robotics

 

Intercompany

 

Consolidated

 
       

Year ended December 31,

2021

 
                       
                       

Revenues 

 

$ 13,192

 

$ 19,008

 

1,576

 

$           (142)

 

$ 33,634

 
                       
                       

Gross profit (loss)

 

3,338

 

3,708

 

        (460)

 

            –     

 

6,586

 
                       

Allocated operating expenses

 

2,300

 

2,497

 

        573

 

            –     

 

5,370

 
                       

Unallocated operating expenses*

 

 

 

     

699

 
                       

Income (loss) from operations

 

$ 1,038

 

$ 1,211

 

$ (1,033)

 

            –     

 

517

 
                       

Financial expenses 

                 

(105)

 
                       

tax on income

                 

39

 
                       

Net income

                 

$ 451

 
                       
                       
                       



BOS’ RFID Division Receives an Order in the amount of $330,000

RISHON LE ZION, Israel, May 23, 2022 (GLOBE NEWSWIRE) — BOS Better Online Solutions Ltd. (“BOS” or the “Company”) (NASDAQ: BOSC) announced today that its RFID Division has received an order for an amount of $330,000 from an Israeli defense-industry customer.

Uzi Parizat, VP of sales and marketing of the RFID Division, stated: “This is a significant order for warehouse management software and mobile equipment for tracing inventory. The order is for delivery through the year 2023”.

Eyal Cohen, BOS’ CEO, stated: “I am very pleased that this customer of our Supply Chain division has now placed an order with our RFID division. In the future, we hope to be able to provide this customer also with the customized robotic systems of our Intelligent Robotics division.”

About BOS

BOS provides services and systems for inventory production and management in three channels:

  • Services – The Supply Chain division provides inventory procurement and kitting.
  • Integration – the RFID division provides off-the-shelf software and equipment to track and manage inventory in the production floor and warehouse.
  • Development – the Intelligent Robotics division develops and builds custom-made robotic cells for the industrial and logistic processes.

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 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) and Dagesh Inventory Counting and Maintenance Ltd., 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.

BOS Purchases Warehouses and Office Space for Self-use

RISHON LE ZION, Israel, May 9, 2022 (GLOBE NEWSWIRE) — BOS Better Online Solutions Ltd. (“BOS” or the “Company”) (NASDAQ: BOSC) announced today that it has purchased 546 sqm of offices, 495 sqm of warehouses and nine parking spots in Rishon Le Zion, Israel. The purchased real-estate is part of the facilities BOS has been leasing in Rishon Lezion. BOS shall pay for this acquisition NIS 6.5 million (approximately $1.9 million).

Eyal Cohen, BOS’ CEO, stated: “BOS leases 2,131 sqm in Rishon Lezion and 710 sqm in Rosh Hain, both in Israel. Our monthly lease expense for the facilities we acquired amounts to $10,000. This lease expense, and our expectation that it shall increase significantly upon lease renewal, led us to pursue the acquisition. 

We plan to finance the purchase by a long-term bank loan in the amount NIS 4.5 million (approximately $1.3 million) in addition to cash we have at hand.” 

About BOS

BOS provides services and systems for inventory production and management in three channels:

  • Services – The Supply Chain division provides inventory procurement and kitting.
  • Integration – the RFID division provides off-the-shelf software and equipment to track and manage inventory in the production floor and warehouse.
  • Development – the Intelligent Robotics division develops and builds custom-made robotic cells for the industrial and logistic processes.

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 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) and Dagesh Inventory Counting and Maintenance Ltd., 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, military and political upheavals,  the impact of the COVID-19 virus and continued availability of financing for working capital purposes and to refinance outstanding indebtedness. Additional risks and uncertainties are 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.

Bos Announces $990,000 Registered Direct Offering

RISHON LEZION, Israel, May 2, 2022 (GLOBE NEWSWIRE) — BOS Better Online Solutions Ltd. (“BOS” or the “Company”) (NASDAQ: BOSC), announced today that it entered into a definitive agreement with several investors for the purchase and sale of 450,000 Ordinary Shares and 225,000 Warrants at a combined purchase price of $990,000 in a registered direct offering. The Warrants will have an exercise price of $2.20 per share, will be immediately exercisable and will expire in five years. The closing of the offering is expected to occur on or about May 3, 2022, subject to the satisfaction of customary closing conditions.

Ages Financial Services, Ltd. 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 BOS, 20 Freiman Street, Rishon LeZion, 75100, Israel or by telephone at (+972) 3-954-2000, or by email at eyalc@boscom.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 B.O.S. Better Online Solutions Ltd.

BOS provides services and systems for inventory production and management in three channels:

Services – The Supply Chain division provides inventory procurement and kitting.

Integration – the RFID division provides off-the-shelf software and equipment to track and manage inventory in the production floor and warehouse.

Development – the Intelligent Robotics division develops and builds custom-made robotic cells for the industrial and logistic processes.

For more information, please visit our new website: www.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 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) and of Dagesh Inventory Counting and Maintenance Ltd., 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.

BOS Reports a 60% Growth in Orders Received in the First Quarter of the Year 2022

RISHON LE ZION, Israel, April 26, 2022 (GLOBE NEWSWIRE) — BOS Better Online Solutions Ltd. (“BOS” or the “Company”) (NASDAQ: BOSC) announced today that orders received during the first quarter of 2022 reached a record amount of $13.8 million. This  reflects an increase of 60% over the dollar amount of orders in the comparable period of last year. Most of the orders are for delivery in the year 2022.  

Eyal Cohen, BOS’ CEO, stated: “This growth in orders is organic and does not include orders attributed to the acquisition of the assets of Dagesh, which we completed on March 1, 2022. 

The growth is a result of:

  1. a) An increased demand for the Supply Chain division’s products and services from customers in the defense and aviation industries; 
  2. b) Expansion  in the number of logistic centers opened in Israel, which increased the demand for the RFID division’s products and services”. 

About BOS

BOS provides services and systems for inventory production and management in three channels:

  • Services – The Supply Chain division provides inventory procurement and kitting.
  • Integration – the RFID division provides off-the-shelf software and equipment to track and manage inventory in the production floor and warehouse.
  • Development – the Intelligent Robotics division develops and builds custom-made robotic cells for industrial and logistic processes.

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 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) and Dagesh Inventory Counting and Maintenance Ltd., 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, military and political upheavals,  the impact of the COVID-19 virus and continued availability of financing for working capital purposes and to refinance outstanding indebtedness. Additional risks and uncertainties are 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.

BOS to Release Financial Results for the First Quarter of 2022 and Host Conference Call on May 31, 2022

RISHON LEZION, Israel, April 25, 2022– 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 2022 before the market opens on Tuesday, May 31, 2022.

BOS will host a conference call on May 31, 2022 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 provides services and systems for inventory production and management in three channels:

  • Services – The Supply Chain division provides inventory procurement and kitting.
  • Integration – the RFID division provides off-the-shelf software and equipment to track and manage inventory in the production floor and warehouse.
  • Development – the Intelligent Robotics division develops and builds custom-made robotic cells for the industrial and logistic processes.

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

BOS Supply Chain Division Receives an Order in the amount of $625,000

RISHON LE ZION, Israel, April 12, 2022 (GLOBE NEWSWIRE) — BOS Better Online Solutions Ltd. (“BOS” or the “Company”) (NASDAQ: BOSC) announced today that its Supply Chain  Division has received an order in the amount of $625,000 for delivery this year.

Avidan Zelicovski, BOS’ President, stated: “This an order from an existing US customer.  It demonstrates the clear added value of our supply chain services to manufacturers worldwide. I am encouraged by the growing demand for our supply chain services and I believe that this trend will continue this year.”

About BOS

BOS provides services and systems for inventory production and management in three channels:

  • Services – The Supply Chain division provides inventory procurement and kitting.
  • Integration – the RFID division provides off-the-shelf software and equipment to track and manage inventory in the production floor and warehouse.
  • Development – the Intelligent Robotics division develops and builds custom-made robotic cells for the industrial and logistic processes.

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 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) and Dagesh Inventory Counting and Maintenance Ltd., 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.

BOS Reports Financial Results for the Fourth Quarter and the Year 2021

BOS Reports Financial Results for the Fourth Quarter and the Year 2021

RISHON LE ZION, Israel, March 30, 2022 – BOS Better Online Solutions Ltd. (“BOS” or the “Company”) (NASDAQ: BOSC) reported financial results for the fourth quarter and the year 2021.

Eyal Cohen, BOS’s CEO, stated: “We have made positive progress in the year 2021, although revenues were roughly the same as in the year 2020:

  • Gross profit margin improved to 19.6% in the year 2021 from 18.2% in the year 2020;
  • Operating expenses decreased to $6.1 million in the year 2021 from $6.8 million in the year 2020;
  • Financial expenses decreased to $105,000 in the year 2021 from $348,000 in the year 2020.

As a result, net income for the year 2021 amounted to $451,000 as compared to a $960,000 net loss in the year 2020”.

Eyal Cohen added: “On March 10, 2022, we announced that BOS’ RFID division acquired the assets of Dagesh, which provides inventory counting services in Israel. In addition,  on March 28, 2022, we announced that BOS’ Supply Chain division received a $2.4 million order from an existing customer, for delivery this year. This advances us towards our financial targets for the year 2022, which are revenues over $35 million (compared to $33.6 million in the year 2021) and net income to exceed $1 million (compared to a net income of $451,000 in the year 2021.”)

BOS will host a conference call on Wednesday, March 30, 2022, 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.boscom.com

About BOS

BOS provides services and systems for inventory production and management in three channels:

  •     Services – The Supply Chain division provides inventory procurement and kitting.
  •     Integration – the RFID division provides off-the-shelf software and equipment to track and manage inventory in the production floor and warehouse.
  •     Development – the Intelligent Robotics division develops and builds custom-made robotic cells for the industrial and logistic processes.

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) and of Dagesh Inventory Counting and Maintenance Ltd., 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 2021 financial results

BOS Supply Chain Division Receives an Order in the Amount of $2.4 million

RISHON LE ZION, Israel, March 28, 2022 (GLOBE NEWSWIRE) — BOS Better Online Solutions Ltd. (“BOS” or the “Company”) (NASDAQ: BOSC) announced today that its Supply Chain  Division has received an order in the amount of $2.4 million for delivery this year.

Hagit Eliyahu, VP of Sales of the Supply Chain Division, stated: “This is an order from an existing customer in Israel, and it demonstrates the strong added value of our supply chain services to manufacturers”.

Avidan Zelicovski, BOS’ President, stated: “I am encouraged by the growing demand for the Supply Chain division’s services, that is reflected in a record level of backlog. Most of the Supply Chain division’s sales are to the Israeli defense industry, and I believe this trend will continue this year in view of the military operations in Europe.”

About BOS

BOS provides services and systems for inventory production and management in three channels:

  • Services – The Supply Chain division provides inventory procurement and kitting.
  • Integration – the RFID division provides off-the-shelf software and equipment to track and manage inventory in the production floor and warehouse.
  • Development – the Intelligent Robotics division develops and builds custom-made robotic cells for the industrial and logistic processes.

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 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) and Dagesh Inventory Counting and Maintenance Ltd., 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.