BOS Supply Chain Division Receives an Order in the Amount of $850,000
30 Agosto 2022 - 2:30PM
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 $850,000, for delivery during year 2023.
Avidan Zelicovski, BOS’ President, stated: “This is an order
from an existing Israeli customer, which has placed orders in the
total amount of $3.2 million since the beginning of the year. These
orders demonstrate the strong added value our supply chain services
provide to manufacturers. In the first six months of the year 2022
the revenues of the Supply Chain Division grew by 40%, to $12.9
million, from $9.3 million in the comparable period of last year.
Its operating income grew by 80%, to $990,000 in the first six
months of the year 2022, from $551,000 in the comparable period of
last 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 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.
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