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BOSC BOS Better Online Solutions News Story

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Israel's BOS Q1 revenue falls on prior-year one-time boost, backlog rises 29%

Israel's BOS Q1 revenue falls on prior-year one-time boost, backlog rises 29%


Overview

  • Israel supply chain tech integrator's Q1 revenue declined yr/yr, reflecting prior-year one-time boost

  • Q1 net income and EPS fell from prior year

  • Company backlog grew 29% to $31 mln, expects to exceed annual revenue target


Outlook

  • BOS now expects to exceed its full-year revenue target of $51 mln

  • Company maintains full-year net income target of $3.6 mln amid currency pressure

  • BOS says it is working to accelerate revenue growth and improve gross profit margins


Result Drivers

  • CURRENCY IMPACT - Higher operating expenses driven by 13.6% depreciation of U.S. dollar against Israeli shekel, pressuring profitability

  • INDIA ORDERS - $3.3 mln in Q1 orders from Indian customers, up from $172,000 in prior-year quarter, boosted Supply Chain division

  • WIRE PRODUCTS ACQUISITION - Full ownership of wire products joint venture contributed $500,000 in Q1 revenue and positions division for growth


Company press release: ID:nGNX3jNjh5


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q1 Revenue

$11.39 mln

Q1 EPS

$0.11

Q1 Net Income

$765,000

Q1 Gross Profit

$2.83 mln

Q1 Operating Income

$665,000

Q1 Pretax Profit

$785,000


Analyst Coverage

  • The one available analyst rating on the shares is "buy"

  • The average consensus recommendation for the industrial machinery & equipment peer group is "buy"

  • Wall Street's median 12-month price target for BOS Better Online Solutions Ltd is $8.00, about 68.4% above its May 27 closing price of $4.75


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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