BOS Better Online Solutions Ltd. (“BOS” or the “Company”) (NASDAQ: BOSC) reported its financial results for the third quarter of the year 2022. And the results are quiet reasonable and satisfying. All the talk – suddenly – about the decline of the Israeli Hi-Tech sector are vain talks without much substance. BOS is just one example of a healthy Israeli company among many healthy companies in Israel.
BOS, based in Rishon Le Zion (Israel), 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 & automation systems for the industrial and logistic processes.
The key figures in a nutshell:
Revenues for the third quarter of 2022 grew by 13% to $9 million from $8 million in the comparable quarter last year.
Gross profit margin for the third quarter of 2022 improved to 22.1%, compared to 19.6% in the comparable quarter last year.
Operating profit for the third quarter amounted to $235,000 compared to an operating profit of $96,000 in the comparable quarter last year.
EBITDA for the third quarter amounted to $352,000 compared to $178,000 in the comparable quarter last year.
Net income for the third quarter of 2022 amounted to $274,000 or $0.05 per basic share compared to $87,000 or $0.02 per basic share in the comparable quarter last year.
Eyal Cohen, BOS’s CEO stated: “We concluded the first nine months of 2022 with $30 million of revenues, EBITDA of $1.6 million and net income of $745,000. Financial expenses during that period included a cost of $342,000 that was attributed to foreign exchange differences between the Israeli NIS and the US dollar.”
VonNaftali/מנפּתלי/ByNaftali 