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B.O.S. Better Online Solutions Ltd. (BOSC)

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
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4.1600-0.0200 (-0.48%)
As of 1:29PM EDT. Market open.
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Chart Events
Neutralpattern detected
Previous Close4.1800
Open4.1800
Bid4.1000 x 1100
Ask4.1300 x 900
Day's Range4.0600 - 4.3000
52 Week Range2.0900 - 4.4000
Volume173,106
Avg. Volume171,688
Market Cap21.606M
Beta (5Y Monthly)0.81
PE Ratio (TTM)N/A
EPS (TTM)-0.2230
Earnings DateAug 24, 2021 - Aug 30, 2021
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target EstN/A
  • GlobeNewswire

    BOS Reports First Quarter of the Year 2021 Financial Results

    Third Consecutive Profitable QuarterRISHON LE ZION, Israel, May 27, 2021 (GLOBE NEWSWIRE) -- 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 InformationBOS 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 StatementsThe 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. CONSOLIDATED STATEMENTS OF OPERATIONSU.S. dollars in thousands Three months ended Year ended March 31, December 31, 2021 2020 2020 (Unaudited) (Audited) Revenues $7,328 $7,468 $33,551 Cost of revenues 5,648 5,784 27,433 Gross profit 1,680 1,684 6,118 Operating costs and expenses: Research and development 60 18 112 Sales and marketing 952 1,107 3,922 General and administrative 434 449 1,747 Impairment of Goodwill and intangible assets - - 988 Total operating costs and expenses 1,446 1,574 6,769 Operating Income (loss) 234 110 (651)Financial expenses, net (111) (56) (348)Other income, net - - 39 Net income (loss) $123 $54 $(960) Basic and diluted net income (loss) per share $0.02 $0.01 $(0.22)Weighted average number of shares used in computing basic net income (loss) per share 5,157 4,258 4,298 Weighted average number of shares used in computing diluted net income (loss) per share 5,185 4,258 4,298 CONSOLIDATED BALANCE SHEETS(U.S. dollars in thousands) March 31, 2021 December 31, 2020 (Unaudited) (Audited)ASSETS CURRENT ASSETS: Cash and cash equivalents $1,662 $1,036 Restricted bank deposits 136 140 Trade receivables 8,961 9,172 Other accounts receivable and prepaid expenses 1,173 1,311 Inventories 5,841 4,871 Total current assets 17,772 16,530 LONG-TERM ASSETS 62 59 PROPERTY AND EQUIPMENT, NET 949 956 OPERATING LEASE RIGHT-OF-USE ASSETS, NET 985 767 OTHER INTANGIBLE ASSETS, NET 35 40 GOODWILL 4,676 4,676 Total assets $24,479 $23,028 CONSOLIDATED BALANCE SHEETS(U.S. dollars in thousands) March 31, 2021 December 31, 2020 (Unaudited) (Audited) LIABILITIES AND SHAREHOLDERS' EQUITY CURRENT LIABILITIES: Current maturities of long term loans $786 $815Operating lease liabilities, current 459 557Trade payables 5,327 5,492Employees and payroll accruals 805 985Deferred revenues 739 601Advances net of inventory in process 230 68Accrued expenses and other liabilities 111 391 Total current liabilities 8,457 8,909 LONG-TERM LIABILITIES: Long-term loans, net of current maturities 984 1,216Operating lease liabilities, non-current 652 367Long term deferred revenues 197 303Accrued severance pay 335 364 Total long-term liabilities 2,168 2,250 TOTAL SHAREHOLDERS' EQUITY 13,854 11,869 Total liabilities and shareholders' equity $24,479 $23,028 CONDENSED CONSOLIDATED EBITDA (U.S. dollars in thousands) Three months ended March 31, Year ended December 31, 2021 2020 2020 Operating income (loss) $ 234 $ 110 $ (651 ) Add: Impairment of Goodwill and other intangible assets - - 988 Amortization of intangible assets 5 26 40 Stock-based compensation 15 21 65 Depreciation 54 71 270 EBITDA $ 308 $ 228 $ 712 SEGMENT INFORMATION(U.S. dollars in thousands) 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 Operating income (loss) $247 $57 $(70) $- $234 RFID Supply Chain Solutions Intelligent Robotics Intercompany Consolidated Three months ended March 31, 2020 Revenues $ 3,305 $ 4,081 $ 104 $ (22) $ 7,468 Gross profit (loss) $ 940 $ 858 $(114) $- $ 1,684 Operating income (loss) $ 321 $ 184 $(395) $- $ 110 RFID SupplyChain Solutions Intelligent Robotics Intercompany Consolidated Year ended December 31,2020 Revenues $12,455 $18,594 $2,502 $- $33,551 Gross profit (loss) $3,265 $3,724 $(871) $- $6,118 Impairment of goodwill and intangible assets - $(988) - (988) Operating income (loss) $941 $1,130 $(2,722) $- $(651)

  • GlobeNewswire

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

    RISHON LEZION, Israel, May 11, 2021 (GLOBE NEWSWIRE) -- 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: 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

  • Estimating The Intrinsic Value Of B.O.S. Better Online Solutions Ltd. (NASDAQ:BOSC)
    Simply Wall St.

    Estimating The Intrinsic Value Of B.O.S. Better Online Solutions Ltd. (NASDAQ:BOSC)

    Today we'll do a simple run through of a valuation method used to estimate the attractiveness of B.O.S. Better Online...