Category: Uncategorized

B.O.S. Scheduled to Release Financial Results for the First Quarter of year 2015, on Thursday, May 28, 2015

Rishon Lezion, Israel — May 6, 2015 — B.O.S. Better Online Solutions Ltd. (“BOS”) (NASDAQ: BOSC), a leading Israeli provider of RFID and Supply Chain solutions to enterprises, announced today that it scheduled the release of its financial results for the first quarter of year 2015 to Thursday, May 28, 2015.
BOS will host a conference call on Monday, June 1, 2015 at 10a.m. EDT – 5:00 p.m., Israel Time.

A question-and-answer session will follow management’s presentation. Interested parties may participate in the conference call by dialing + 972-3-9180644, approximately five to ten minutes before the call start time.
For those unable to listen to the live call, a script of the call will be available the next day after the call on BOS’s website, at: http://www.boscorporate.com

About BOS
B.O.S. Better Online Solutions Ltd. (BOSC) is a leading Israeli provider of RFID and Supply Chain solutions to enterprises. BOS’ RFID and mobile division offers both turnkey integration services as well as stand-alone products, including best-of-breed RFID and AIDC hardware and communications equipment, BOS middleware and industry-specific software applications.

The Company’s supply chain division provides electronic components consolidation services to the aerospace, defense, medical and telecommunications industries as well as to enterprise customers worldwide. For more information, please visit: www.boscorporate.com.

Rishon Lezion, Israel — October 22, 2014 — B.O.S. Better Online Solutions Ltd. (“BOS”) (NASDAQ: BOSC), today announced that its RFID & Mobile division in cooperation with Live in Clean City  Ltd. (“Clean City”), has successfully completed the first implementation of an RFID based system for tracking garbage trucks (“RFID System”). Clean City is a leading provider of technological solutions for waste management in municipalities in Israel. By using an RFID System, waste can be identified and tracked through the entire waste chain. RFID tags are attached to waste containers and the trucks are equipped with RFID readers thereby improving the verification of pickups and tracking the number of times a container is used for collection.  The RFID System was integrated at the Modiin municipality in Israel. Mr. Yizhak Gazit, CEO of Clean City stated: “Waste management is a growing industry. It’s also an industry that has turned to technology to help manage many aspects of its day to day operation. RFID has been used by municipalities outside of Israel, to increase efficiency of waste management. We teamed up with BOS’ RFID and Mobile division due to its long experience in RFID based systems. Together with BOS, we plan to offer to all the major municipalities in Israel an RFID System for waste management.” Mr. Yuval Viner, BOS CEO, stated: “Waste containers come in many forms, materials and sizes, but they are all subject to harsh environments and rough handling. Being outdoors, waste containers are exposed to cold wet, heat and machine abuse. Only RFID tags can withstand such conditions and continue to function throughout the life cycle of these containers and allow constant monitoring. Together with Clean City, we are able to offer municipalities a one stop shop for waste management solutions. I am confident that this collaboration has a promising future”.About BOS B.O.S. Better Online Solutions Ltd. (BOSC) is a leading provider of RFID and Supply Chain solutions to enterprises in Israel. BOS’ RFID and mobile division offers both turnkey integration services as well as stand-alone products, including best-of-breed RFID and AIDC hardware and communications equipment and software applications. The Company’s supply chain division provides electronic components consolidation services to the aerospace, defense, medical and telecommunications industries as well as to enterprise customers worldwide. For more information, please visit: www.boscorporate.com

*Ladies and gentleman, Thank you for standing by.   The conference will begin shortly.
B.O.S.

Ve’idan Conference Coordinator:
Ladies and gentlemen, thank you for standing by.
Welcome to the BOS 1st  Quarter of year 2013 results conference call.
All participants are at present in listen-only mode.   Following management’s formal presentation instructions will be given for the question and answer session.  
For operator assistance during the conference, please press *0.
As a reminder, this conference call is being recorded, and will be available on the BOS website as of tomorrow.

I would like to remind everyone that this conference call may contain projections or other forward-looking statements regarding future events or the future performance of the Company.   These statements are only predictions and may change as time passes.   B.O.S. does not assume any obligation to update that information.   Actual events or results may differ materially from those projected, including as a result of changing industry and market trends, reduced demand for our products, the timely development of our new products and their adoption by the market, increased competition in the industry and price reductions, as well as due to risks identified in the documents filed by the Company with the SEC.”

I would now like to hand over the call to Mr. Yuval Viner, CEO of the company.  
Go ahead Yuval.
Thank you and good morning to all our listeners in the US and good afternoon to those who are joining us from Israel and Europe.

In recent years, we have worked in a very challenging economic environment, both globally and locally. In 2010, following the appointment of BOS’ new management, we took a strategic decision  to strengthen BOS’ financial condition by: (a) reducing debt, (b) reducing business risks by closing non profitable product lines; and (c)  making selective M&A activities, all with the objective of  becoming profitable (on a non GAAP basis).

Looking back, we believe that we have made good progress on these goals, as Eyal will provide additional  detail shortly.

Today we feel much more comfortable to start the second step of our plan, which is growing our business. These days we are working intensively on our plan for 2014, which we hope will gradually set BOS on a path of growth and will positively affect our outlook for 2014.  Our outlook for 2013 remains to end the year with a profit on a NON GAAP basis.

Going back to the first quarter results:
The results for the first quarter of fiscal 2013 reflect a bottom line improvement over the comparable period of last year, primarily as a result of an increase in the RFID and mobile division’s gross profit and a decrease in financial expenses. However, the revenues and gross margin of the supply chain division were lower than the comparable period of last year, which adversely affected the results for the first quarter of fiscal 2013. On the positive side, the supply chain division backlog is relatively high, and amounted to $8 million. In addition, the supply chain division has recently entered into an agreement with a leading aircraft manufacturer. I am confident that the upcoming quarters of the supply chain division will generate higher revenues and an improved gross profit, which could positively impact the financial results of BOS.

Now, I would like to turn over the call to Eyal Cohen.

Eyal Cohen:

Thank you Yuval.
Since  2009, our loans  were reduced from $15m to $8m in year 2012, and we will continue to reduce our loans  in 2013.

Since 2010, we are profitable on a NON GAAP basis, excluding a relatively minor loss in year 2011.As Yuval Mentioned before we will end year 2013 with a profit on a NON GAAP basis.

As a result of the reduction in our loans and the improved results, the ratio of loans’ to EBITDA was significantly reduced from 25 years in 2011 down to 13 years in 2012. We plan to continue to improve this ratio in year 2013.

This completes the financial review.  
Thank you.

Ve’idan Conference Coordinator:
Thank you, sir.   Ladies and Gentlemen, at this time we will begin the question and answer session.   If you have a question, please press *1.
If you wish to decline from the polling process please press *2
 If you are using speaker equipment, kindly lift the handset before pressing the numbers.   Your questions will be polled in the order they are received.    
 Please standby while we poll for your questions.

[I repeat, if you have a question please press *1]

The first question is from _______________of ________________.

If you have a question, please press *1.
If you wish to decline from the polling process please press *2
 If you are using speaker equipment, kindly lift the handset before pressing the numbers.   Your questions will be polled in the order they are received.    
 Please standby while we poll for your questions.

The next question is from _______________of ________________.

There are no questions at this time.
Before I ask Mr. Viner to go ahead with his closing statement, I would like to remind participants that a replay of this call will be available on the Company’s website:  www.boscorporate.com  by tomorrow.
Mr. Viner would you like to make your concluding statement?
Yes;  Thank you.

We are continuing our day-to-day effort to streamline our operations, improve our products, strengthen our financial position and expand our business overseas. We are confident that we will meet our challenges.

Thank you all for joining us today.

This concludes BOS 1st Quarter of year 2013 results conference call.  
Thank you for your participation.   You may go ahead and disconnect.

B.O.S. Announces Financial Results for Second Quarter of 2012

RISHON LEZION, Israel, August 9, 2012 (GLOBE NEWSWIRE) – B.O.S. Better Online Solutions Ltd. (the “Company”, “BOS”) (Nasdaq: BOSC), a leading Israeli provider of RFID and Supply Chain Solutions to global enterprises, today reported its financial results for the three months ended June 30, 2012.
Revenues for the second quarter of fiscal 2012 amounted to $5.9 million, compared to $8.4 million in the comparable quarter last year. Gross margin improved to 22.2% from 20.5% in the comparable quarter last year.

Operating profit for the second quarter of fiscal 2012 amounted to $132,000 compared to operating loss of $89,000 in the comparable period of last year.

Net loss for the second quarter of fiscal 2012 was reduced to $214,000 from a net loss of $324,000 in the comparable period of last year.

On a non-GAAP basis, the net profit for the second quarter of 2012 was $10,000 compared to a net loss of $17,000 in the comparable period of last year.

EBITDA for the second quarter of fiscal 2012 increased to $251,000 from $139,000 in the comparable period of last year.

Yuval Viner, BOS CEO, stated: “Revenues for the second quarter of year 2012 reflect the continued slowdown in our markets. As part of our ongoing efforts to operate within this difficult market, we have adjusted our costs and have already achieved improved results which are reflected in the gross margin rate, in the operating profit and in our net profit on a non-GAAP basis. We continue to invest in expanding our product offerings to support future growth.” 
  
Eyal Cohen, BOS CFO, stated: “Net cash flow provided by operating activities for the second quarter of fiscal 2012 was $1.1 million. We used the proceeds from operating activities to reduce our bank loans to $7.5 million as of June 30, 2012 from $8.5 million as of March 31, 2012”.

Conference Call
BOS will host a conference call on Monday, August 13, 2012 at 10:00 a.m. EDT / 5:00 p.m. Israel Time. A question-and-answer session will follow management’s presentation. Interested parties may participate in the conference call by dialing the following numbers approximately five to ten minutes before the call start time: International
+ 972-3-9180650

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

Contact:
B.O.S. Better Online Solutions Ltd.
Mr. Eyal Cohen, CFO
+972-54-2525925
eyalc@boscom.com

About BOS
B.O.S. Better Online Solutions Ltd. (Nasdaq:BOSC – News) is a leading provider of RFID and Supply Chain solutions to global enterprises. BOS’ RFID and mobile division offers both turnkey integration services as well as stand-alone products, including best-of-breed RFID and AIDC hardware and communications equipment, BOS middleware and industry-specific software applications. The Company’s supply chain division provides electronic components consolidation services to the aerospace, defense, medical, automotive and telecommunications industries as well as to enterprise customers worldwide.
For more information, please visit: www.boscom.com

Use of Non-GAAP Financial Information
BOS reports financial results in accordance with U.S. 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, 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 and continued availability of financing for working capital purposes and to refinance outstanding indebtedness; and additional risks and uncertainties detailed in BOS’s periodic reports and registration statements filed with the U.S. Securities 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

Click here to file the full Q2 results

B.O.S Announces Financial Results for Third Quarter of 2011

RISHON LEZION, Israel, November 30, 2011 (GLOBE NEWSWIRE) – B.O.S Better Online Solutions Ltd. (the “Company”, “BOS”) (Nasdaq: BOSC), a leading Israeli provider of RFID and Supply Chain solutions to global enterprises, today reported its financial results for the three and nine months ended September 30, 2011.

On a GAAP basis, the Company had a net loss of $826,000, for the three months ended September 30, 2011 as compared to net income of $10,000 in the three months ended September 30, 2010 (and a net loss of $324,000 in the three months ended June 30, 2011.) The Company had a net loss of $1,113,000 in the nine months ended September 30, 2011, as compared to net income of $25,000 in the nine months ended September 30, 2010.

On a non GAAP basis, the Company had a net loss of $381,000 for the three months ended September 30, 2011, as compared to net income of $288,000 for the three months ended September 30, 2010. The Company had a net loss of $20,000 for the nine months ended September 30, 2011, as compared to net income of $869,000 in the nine months of 2010.
The increase in loss on a GAAP basis in the third quarter resulted mainly from: (a) a reduction in the gross margin of the Supply Chain division (from 18.9% to 15%, or $200,000) due to increased competition, and  (b) a $150,000 loss related to currency hedging contracts.  The gross margin of our RFID & Mobile Solutions division increased from 21% in the second quarter to 23% in the third quarter, due to improved results of the software activity.

Yuval Viner, BOS CEO, stated: “We are continuing to invest in our software solutions, which are our strategic growth engine for the coming years. In the recent months we have made significant progress toward our goal to turn our software activity into a profitable business.

We have implemented cost reductions, which we expect will lower our expenses by $100,000 in the fourth quarter of 2011, and by an additional $70,000 in the first quarter of 2012. The cost reductions include non-cash savings in the amount of $20,000 per quarter, due to the voluntary waiver by our senior management of all of its unvested options, reflecting management’s commitment to the Company’s profitability targets.

     In light of the financial results, we are updating our forecast for 2011, as follows:
• Revenue forecast remains unchanged: we expect revenues to exceed $33 million.
• EBITDA forecast is reduced to $0.8 million, from our latest forecast of $1.4 million.
• Net profit, on a non-GAAP basis, will reflect a minor loss.”
Eyal Cohen, BOS CFO, said: “The previously announced conversion of our debt at a premium of 36% over the current share price, which is subject to shareholders’ approval, will result in: (a) a reduction in our short term liabilities by $3 million, (b) an increase in our equity by $2.5 million, (c) a reduction in our annual finance expense that amounted to $360,000 in the first nine months of 2011, and (d) an expected $1.5 million non cash expense in the fourth quarter of 2011, due to the reduced conversion share price.”
 Mr. Cohen added: “The cost reductions and the conversion will lower our expenses by approximately $1 million in 2012, and allow us to allocate additional funds for further development of our business.”

Conference Call
BOS will host a conference call on Thursday, December 1, 2011 at 10:00 a.m. Eastern Standard Time / 5:00 p.m. Israel Time. A question-and-answer session will follow management’s presentation. Interested parties may participate in the conference call by dialing the following numbers approximately five to ten minutes before the call start time:
 North America + 1-888-668-9141
Israel + 03-9180644
International + 972-3-9180644
For those unable to listen to the live call, a replay of the call will be available from the day after the call on BOS’s website, at: http://www.boscorporate.com
 Contact:
B.O.S. Better Online Solutions Ltd.
Mr. Eyal Cohen, CFO
+972-54-2525925
eyalc@boscom.com

About BOS
B.O.S. Better Online Solutions Ltd. (Nasdaq:BOSC – News) is a leading provider of RFID and Supply Chain solutions to global enterprises. BOS’ RFID and mobile division offers both turnkey integration services as well as stand-alone products, including best-of-breed RFID and AIDC hardware and communications equipment, BOS middleware and industry-specific software applications. The Company’s supply chain division provides electronic components consolidation services to the aerospace, defense, medical and telecommunications industries as well as to enterprise customers worldwide.
For more information, please visit: www.boscom.com
Use of Non-GAAP Financial Information
BOS reports financial results in accordance with U.S. 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, 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 and continued availability of financing for working capital purposes and to refinance outstanding indebtedness; and additional risks and uncertainties detailed in BOS’s periodic reports and registration statements filed with the U.S. Securities 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.

Click here to download the full Q3 2011 resultshttps://boscom.funet.co.il/wp-content/uploads/2020/02/0.pdf

B.O.S. Better Online Solutions Selected for Data Collection and Traceability Project by Plasan

Better Online Solutions Ltd. (“BOS”) (NASDAQ: BOSC) today announced that it has been selected by Plasan Sasa Ltd., a preferred armor supplier for the Israeli Defense Forces and an approved armor protection supplier to Ministries of Defense around the world, for a data collection optimization project.

The objective of the project is to optimize data collection on the production floor and to enhance the traceability of parts and final products for Plasan, which develops, manufactures and assembles Add-On Armor Kits for tactical wheeled vehicles, fixed and rotary wing aircraft, personal protection and civilian armor vehicles.

The solution will be based on BOS’ proprietary BOS ID software platform, as well as various mobile terminals, scanners, and other hardware, and will communicate with Plasan’s PLC (programmable logic controller) system, as well as with its Oracle-based ERP system.

“We decided to work with BOS because we liked the flexibility of its software platform, which will improve our ability to make adaptations quickly and without the need for additional software programming or development,” said Chen Cohen, VP Operations at Plasan. “This project will enable us to achieve improved visibility in our supply chain, thereby better serving our customers worldwide.”

“We are thrilled to have been selected by Plasan, a market leader in its industry, for this important data collection project. The project is expected to be fully deployed by the end of 2011,” said Yuval Viner, BOS CEO. “Although the project will not have a significant effect on our 2010 financial results, it does point to the potential of our BOS ID platform in Israel and abroad, and we view it as the beginning of a long-term relationship with Plasan.”

B.O.S. Better Online Solutions Supplies Israel’s Home Front Command with Multi-function Rugged Handheld Computers for Gas Mask Distribution Effort

Rishon Letzion, Israel — May 3, 2010 —B.O.S. Better Online Solutions Ltd. (“BOS”) (NASDAQ: BOSC), today announced the successful implementation and delivery of ruggedized Pocket PC/scanner/phone/GPS devices to Israel’s Home Front Command, for use in the massive effort to distribute new gas masks to every household, which began last month.

BOS expects revenues from the transaction to exceed $150,000.

The Israel Postal Company is distributing the new gas mask kits on behalf of the Home Front Command, and is using the M-3 mobile Hebrew-enabled handheld terminals supplied by BOS to track the kits at distribution centers throughout the country, as well as through its home delivery service. Families have the option of either collecting their gas masks for free at a branch of the Postal Company, or paying 25 NIS per household for a representative to make a home visit and fit gas masks on each person who lives in the household.

In addition to supplying the M3 Mobile terminals and accessories, BOS advised the Home Front Command on mobile and cellular data collection applications for the distribution effort. BOS continues to provide technological support to the IDF unit responsible for the technological aspects of the project.

Each gas mask kit distributed or collected – whether at the distribution centers or delivered to individual households – has a bar code that will be read by the M3 Mobile handheld terminals. Data on individual gas masks is then sent to the central server, enabling the Home Front Command to have a complete picture of which kit has gone to which household.

“We are very pleased to be part of this important national security effort,” said Yuval Viner, BOS CEO. “The data collected from our devices will provide the Home Front Command with necessary tools to manage and optimize the distribution of the gas masks.”