Business
BOS Announces 2025 Financial Outlook with Initial 10% Year-Over-Year Revenue Growth Target, Further Increased Profitability
RISHON LE ZION, Israel, Jan. 21, 2025 (GLOBE NEWSWIRE) -- BOS Better Online Solutions Ltd. (“BOS” or the “Company”) (NASDAQ: BOSC), a global integrator of
About this update from B.o.s. Better Online Solutions
[{"type":"text","content":"RISHON LE ZION, Israel, Jan. 21, 2025 (GLOBE NEWSWIRE) -- BOS Better Online Solutions Ltd. (“BOS” or the “Company”) (NASDAQ: BOSC), a global integrator of supply chain technologies, today announced its initial financial outlook for 2025. The Company expects revenue of at least $44 million, and net income of at least $2.4 million, based on its current operating plans. The Company’s initial 2025 outlook does not include the benefit of potential strategic acquisitions that may add further scale, operating synergies or net income accretion to its operating model. “Our 2025 plan anticipates year-over-year revenue growth of at least 10 percent from our 2024 guidance of approximately $40 million, plus corresponding increased profitability at the net income line. These results will be driven by new customer contract awards from our robust sales pipeline, increased defense spending in key markets and potential growth in RFID division activity. We expect to pair this revenue growth with steady execution across our business verticals and continued operating cost efficiency to further increase our net income performance,” said Eyal Cohen, Chief Executive Officer of BOS. “We also continue to carefully evaluate potential tuck-in opportunities for 2025 that may add complementary capabilities that our customers are seeking from BOS and enhance the scale of our existing business lines,” said Cohen. About BOS Better Online Solutions Ltd.BOS integrates cutting-edge technologies to streamline and enhance supply chain operations across three specialized divisions: Intelligent Robotics Division: Automates industrial and logistics inventory processes through advanced robotics technologies, improving efficiency and precision.RFID Division: Optimizes inventory management with state-of-the-art solutions for marking and tracking, ensuring real-time visibility and control.Supply Chain Division: Integrates franchised components directly into customer products, meeting their evolving needs for developing cutting-edge products. 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 ...