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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