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BOS Better Online Solutions ( (BOSC) ) has issued an update.
BOS Better Online Solutions Ltd. reported its financial results for the fourth quarter and full year 2024, showing a 14.7% increase in net income to $2.3 million despite a 9.7% decline in revenues due to post-COVID restocking activities in 2023. The company improved its gross profit margin to 23.3% and reduced financial expenses significantly. Looking forward to 2025, BOS anticipates a 10% growth in sales and net income, driven by a strong backlog and new defense sector orders. The company is focusing on expanding its presence in the defense sector and exploring new overseas markets. Additionally, BOS announced leadership changes with Osnat Gur appointed as Board Chair and Avi Dadon joining as a new independent director, bringing extensive experience in management and defense procurement.
More about BOS Better Online Solutions
BOS Better Online Solutions Ltd. is a company that integrates cutting-edge technologies to streamline and enhance supply chain operations across three specialized divisions: Intelligent Robotics, RFID, and Supply Chain. The Intelligent Robotics Division automates industrial and logistics inventory processes, the RFID Division optimizes inventory management with advanced solutions, and the Supply Chain Division integrates franchised components into customer products.
YTD Price Performance: 18.43%
Average Trading Volume: 56,900
Technical Sentiment Signal: Strong Sell
Current Market Cap: $22.58M
Find detailed analytics on BOSC stock on TipRanks’ Stock Analysis page.