Earnings Buzz:- B.O.S. Better Online Solutions Ltd. (NASDAQ:BOSC)

B.O.S. Better Online Solutions Ltd. (NASDAQ:BOSC) remained among the day losers and traded with change of -1.29% on volume of 418793 shares in the last session as compared to average volume of 38819 shares. During last trade its minimum price was $2.25 and it gained highest price of $2.56. BOSC has total market capitalization of $7720054. Its closing value stands at $2.3.

The stock was flat in the 5 days activity 0.00%. The one month performance of stock was 3.65%. BOSC shares are at 13.87% for the quarter and driving a 12.19% return over the course of the past year and is now at 5.02% since this point in 2018.  Right now BOSC beta is 0.68. The average volatility for the week and month was at 8.53% 6.43% respectively. There are 3.26M shares outstanding and 2.60M shares are floated in market. 59 employees work in the Company. It has market cap of $7.50M.

B.O.S. Better Online Solutions Ltd. (NASDAQ:BOSC), a leading Israeli integrator of RFID and Mobile solutions and a global provider of Supply Chain solutions to enterprises, today reported its financial results for the fiscal 2018 first quarter, ended March 31, 2018.

In the quarter ended March 31, 2018, BOS reported revenues of $8.3 million, a 17% increase as compared to $7.1 million of revenues in the comparable quarter in 2017.  Net income for the first quarter of 2018 was $205,000, or $0.06 per basic and diluted share, an increase of 39% as compared to a net income of $147,000, or $0.05 per basic and diluted share, in the first quarter of 2017.  EBITDA (Earnings Before Interest, Taxes, Depreciation and Amortization) was $365,000 for the first quarter of 2018, as compared to $315,000 for the first quarter of 2017. (See Reconciliation of Net Income to EBITDA in the supplemental table included at the end of this release).

As of March 31, 2018,  BOS reported working capital of $7.1 million, long term debt of $2.7 million, and shareholders’ equity of $10.4 million ($3.10 per basic and diluted share).

Yuval Viner, BOS’ Co-CEO stated, “Fiscal 2018 is off to a good start with strong organic revenue growth, increased international sales outside of our core Israeli market and a healthy backlog in place.  There is an expanding need for the solutions we offer, and our primary end markets such as aerospace, defense and logistic centers are growing.   Since January 2018 we’ve announced 5 new orders, and we remain focused on surpassing the expectations of our blue chip customer base, accessing new project awards and continuing to win contracts from new customers.”

Eyal Cohen, BOS’ Co-CEO added, “We saw strong performance from both of our divisions in the first quarter. In particular, we recorded  a 15% revenue increase in our RFID & Mobile division, attributable to new customers and a 20% revenue improvement in our Supply Chain Solutions division, related to new orders from existing customers. In addition to our leadership position in Israel, the BOS brand continues to gain recognition in the international marketplace, particularly India, where we are capturing market share. I am also pleased to announce on engagement with an investor relations firm, Institutional Marketing Services (“IMS”). IMS will collaborate with the BOS management team to achieve broader investor awareness and educate the investment community on the Company’s key business developments and growth objectives.

Shares of B.O.S Better Online Solutions Ltd. have been recently spotted trading -22.56% off of the 52-week high price. On the other end, company shares have been noted 50.32% away from the low price over the last 52-weeks. 52 week range of the stock remained $ 1.53 – 2.97. Switching over to some distances from popular moving averages, we see that the stock has been recorded 3.92% away from the 50 day moving average and 11.87% away from the 200 day moving average. Moving closer, we can see that shares have been trading 1.68% off of the 20-day moving average.

Category – Technology

Grady Lawley is a blogger and press writer, has worked on topics like earnings reports, hot stocks and market news. He is an experienced professional with 10+ years in research, analysis and reporting. He enjoys taking complex ideas and translating them into content aimed at the general public. He has personal interests in health, fitness, animal care, gardening, travel, world politics, and current social issues, but always willing to learn something new. Grady has a Masters in Applied Finance and Investment. He specializes in income trading using options, is very conservative in his style and believes patience in waiting for the best setups is the key to successful trading. He covers articles for Technology category.

Email Contact: Grady@thenewsbloom.org

 

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