BOS Better Online Solutions rises on Q1 results

BOS Better Online Solutions

31/05/2022 18:55

** Shares of inventory management services provider BOS
Better Online Solutions  BOSC.O  rise as much as 21% to $2.64;
highest in more than 1-1/2 months
    ** Stock last up 11%, on track for best day since March 2022
    ** Company posts Q1 revenue of $10.8 mln, up 47%
 urn:newsml:reuters.com:*:nGNX9NdYzk
    ** Q1 net income rose to $314,000, or 6 cents per share,
from $123,000, or 2 cents per share, a year earlier
    ** "The globally increasing demand for electronic components
and the military conflict in Europe were catalysts for the
growth of the supply chain division" - CEO Eyal Cohen
    ** Company's shares down ~17% this year

 (Reporting by Ananya Mariam Rajesh in Bengaluru)
 ((AnanyaMariam.Rajesh@thomsonreuters.com; Twitter: https://twitter.com/AnanyaMariam))