株探米国株
英語
エドガーで原本を確認する
6-K 1 ea0243849-6k_bosbetter.htm REPORT OF FOREIGN PRIVATE ISSUER

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 6-K

 

Report of Foreign Private Issuer

 

Pursuant to Rule 13a - 16 or 15d -16

Under the Securities Exchange Act of 1934

 

For the Month of May 2025

 

Commission file number 001-14184

 

B.O.S. Better Online Solutions Ltd.

(Translation of Registrant’s Name into English)

 

20 Freiman Street, Rishon LeZion, 7535825, Israel 

(Address of principal executive office)

 

Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.

 

Form 20-F ☒     Form 40-F ☐

 

 

 


 

B.O.S. Better Online Solutions Ltd.

 

The GAAP financial statements, included in the Press Release that is attached to this Form 6-K, are hereby incorporated by reference into all effective Registration Statements filed by us under the Securities Act of 1933, as amended, to the extent not superseded by documents or reports subsequently filed or furnished.

 

The following exhibit is attached:

 

99.1   Press Release: BOS Reports Record $15 Million in Revenues for the First Quarter of 2025.

 

1


 

Signature

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this Report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

  B.O.S. Better Online Solutions Ltd.
  (Registrant)
     
  By: /s/ Moshe Zeltzer
    Moshe Zeltzer
    Chief Financial Officer

 

Dated: May 29, 2025

 

2


 

EXHIBIT INDEX

 

EXHIBIT NO.   DESCRIPTION
     
99.1   Press Release: BOS Reports Record $15 Million in Revenues for the First Quarter of 2025.

 

 

3

 

EX-99.1 2 ea024384901ex99-1_bosbetter.htm PRESS RELEASE: BOS REPORTS RECORD $15 MILLION IN REVENUES FOR THE FIRST QUARTER OF 2025

Exhibit 99.1

 

BOS Reports Record $15 Million in Revenues for the First Quarter of 2025

 

RISHON LE ZION, Israel, May 29, 2025 – BOS Better Online Solutions Ltd. (“BOS” or the “Company”) (NASDAQ: BOSC) reported its financial results for the first quarter of the year 2025.

 

First Quarter 2025 Financial Highlights:

 

Revenues increased by 33.1% to $15.0 million from $11.3 million in the first quarter of the year 2024;

 

Gross profit margin improved to 23.9% compared to 22.7% in the first quarter of the year 2024;

 

EBITDA increased by 86.2% to $1.9 million compared to $1.0 million in the first quarter of the year 2024;

 

Operating expenses increased by only 7.7% compared to the 33.1% increase in revenues, demonstrating operating leverage;

 

Net income increased by 82.3% to $1.35 million or $0.23 per basic share compared to $741,000 or $0.13 per basic share in the first quarter of the year 2024;

 

Backlog was $22 million as of March 31, 2025 compared to $27 million as of December 31, 2024.

 

Eyal Cohen, Chief Executive Officer at BOS, stated: “I am pleased to report record revenues and record net income in the first quarter, demonstrating the success of our strategic focus on the defense sector and diligent operating efficiency. We continue to capitalize on the growing opportunities in this rapidly changing sector by increasing contracting activity with existing customers and securing new customers.”

 

“Based on our first quarter performance and contracted backlog, we are optimistic about surpassing our full-year outlook for 2025, which are revenues of $44 million and net income of $2.5 million,” Cohen concluded.

 

“Our record results in the first quarter reflect BOS’s long-term investments in developing a diverse product offering and establishing a robust operational and financial framework, all of which are specifically designed to meet the evolving and distinct demands of the defense industry,” said Avidan Zelicovsky, BOS President.

 

BOS will host a video conference meeting on May 29, 2024 at 8:30 a.m. EDT. A question-and-answer session will follow management’s presentation. To access the video conference meeting, please click on the following link: https://us06web.zoom.us/j/83920447982?pwd=nxng3dstyBqK9argz8YQSsH9Cx4VkE.1

 

For those unable to participate in the video conference, a recording of the meeting will be available the next day on the BOS website: www.boscom.com BOS integrates cutting-edge technologies to streamline and enhance supply chain operations for global customers in the aerospace, defense, industrial and retail sectors.

 


 

About BOS

 

The Company integrates 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 innovative solutions.

 

For more information on BOS Better Online Solutions Ltd., visit www.boscom.com.

 

For additional information, contact:

 

Matt Kreps, Managing Director

Darrow Associates

+1-214-597-8200

mkreps@darrowir.com

 

Eyal Cohen, CEO

+972-542525925

eyalc@boscom.com

 

Use of Non-GAAP Financial Information

 

BOS reports financial results in accordance with US GAAP and herein provides some non-GAAP measures. These non-GAAP measures are not in accordance with, nor are they a substitute for, GAAP measures. These non-GAAP measures are intended to supplement the Company’s presentation of its financial results that are prepared in accordance with GAAP. The Company uses the non-GAAP measures presented to evaluate and manage the Company’s operations internally. The Company is also providing this information to assist investors in performing additional financial analysis that is consistent with financial models developed by research analysts who follow the Company. The reconciliation set forth below is provided in accordance with Regulation G and reconciles the non-GAAP financial measures with the most directly comparable GAAP financial measures.

 

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 in the forward-looking statements, all of which are difficult to predict and many of which are beyond the control of BOS. These risk factors and uncertainties include, amongst others, the dependency of sales being generated from one or few major customers, the uncertainty of BOS being able to maintain current gross profit margins, inability to keep up or ahead of technology and to succeed in a highly competitive industry, inability to maintain marketing and distribution arrangements and to expand our overseas markets, uncertainty with respect to the prospects of legal claims against BOS, the effect of exchange rate fluctuations, general worldwide economic conditions, the effect of the war against the Hamas and other parties in the region, the continued availability of financing for working capital purposes and to refinance outstanding indebtedness; and additional risks and uncertainties detailed in BOS’ periodic reports and registration statements filed with the US Securities and Exchange Commission. BOS undertakes no obligation to publicly update or revise any such forward-looking statements to reflect any change in its expectations or in events, conditions or circumstances on which any such statements may be based, or that may affect the likelihood that actual results will differ from those set forth in the forward-looking statements.

 

2


 

CONSOLIDATED STATEMENTS OF OPERATIONS
U.S. dollars in thousands

 

 

    Three months ended
March 31,
    Year ended
December 31,
 
    2025     2024     2024  
    (Unaudited)     (Unaudited)     (Audited)  
                   
Revenues   $ 15,026     $ 11,287     $ 39,949  
Cost of revenues     11,437       8,727       30,655  
Gross profit     3,589       2,560       9,294  
Operating costs and expenses:                        
Research and development     41       44       175  
Sales and marketing     1,263       1,162       4,394  
General and administrative     542       508       2,113  
Impairment of intangible assets and Goodwill     -       -       1,173  
Total operating costs and expenses     1,846       1,714       7,855  
                         
Operating income     1,743       846       1,439  
Financial expenses, net     (272 )     (105 )     (139 )
Income before taxes on income     1,471       741       1,300  
Income taxes benefits (expenses)     (120 )     -       1,000  
Net income   $ 1,351     $ 741     $ 2,300  
                         
Basic net income per share   $ 0.23     $ 0.13     $ 0.40  
Diluted net income per share   $ 0.22     $ 0.13     $ 0.39  
Weighted average number of shares used in computing basic net income per share     5,900       5,748       5,756  
Weighted average number of shares used in computing diluted net income per share     6,273       5,828       5,887  
                         
Number of outstanding shares as of March 31, 2025
and 2024 and December 31, 2024
    5,924       5,748       5,793  

 

3


 

CONSOLIDATED BALANCE SHEETS
(U.S. dollars in thousands)

 

    March 31,
2025
    December 31, 2024  
    (Unaudited)     (Audited)  
ASSETS            
             
CURRENT ASSETS:            
Cash and cash equivalents   $ 3,844     $ 3,368  
Restricted bank deposits     66       185  
Trade receivables, net     15,839       11,787  
Other accounts receivable and prepaid expenses     1,235       1,150  
Inventories     7,505       7,870  
                 
Total current assets     28,489       24,360  
                 
LONG-TERM ASSETS     167       177  
                 
PROPERTY AND EQUIPMENT, NET     3,362       3,417  
                 
OPERATING LEASE RIGHT-OF-USE ASSETS, NET     727       779  
                 
DEFERRED TAX ASSETS     981       1,000  
                 
OTHER INTANGIBLE ASSETS, NET     407       422  
                 
GOODWILL     4,188       4,188  
                 
Total assets   $ 38,321     $ 34,343  

 

4


 

CONSOLIDATED BALANCE SHEETS
(U.S. dollars in thousands)

 

    March 31,
2025
    December 31,
2024
 
    (Unaudited)     (Audited)  
             
LIABILITIES AND SHAREHOLDERS’ EQUITY            
             
CURRENT LIABILITIES:            
Current maturities of long-term loans   $ 342     $ 439  
Operating lease liabilities, current     161       176  
Trade payables     7, 769       6,362  
Employees and payroll accruals     1,128       1,087  
Deferred revenues     2,543       2,003  
Accrued expenses and other liabilities     1,091       598  
Total current liabilities     13,034       10,665  
                 
LONG-TERM LIABILITIES:                
Long-term loans, net of current maturities     921       980  
Operating lease liabilities, non-current     530       576  
Long-term deferred revenues     273       293  
Accrued severance pay, net     514       498  
                 
Total long-term liabilities     2,238       2,347  
                 
TOTAL SHAREHOLDERS’ EQUITY     23,049       21,331  
                 
Total liabilities and shareholders’ equity   $ 38, 321     $ 34,343  

 

5


 

CONDENSED CONSOLIDATED EBITDA
(U.S. dollars in thousands)

 

   

Three months ended
March 31,

    Year ended
December 31,
 
    2025     2024     2024  
                   
Operating income   $ 1,743     $ 846     $ 1,439  
Add:                        
Impairment of Goodwill and other intangible assets             -       1,173  
Amortization of intangible assets     15       47       190  
Stock-based compensation     9       21       74  
Depreciation     101       89       370  
EBITDA   $ 1,868     $ 1,003     $ 3,246  

 

6


 

SEGMENT INFORMATION

(U.S. dollars in thousands)

 

    RFID     Supply Chain
Solutions
    Intelligent
Robotics
    Intercompany     Consolidated  
    Three months ended March 31, 2025  
                               
Revenues   $ 3,259     $ 11,390       496       (119 )   $ 15,026  
                                         
                                         
Gross profit     707       2,756       126       -       3,589  
                                         
Allocated operating expenses     529       1,048       68       -       1,645  
                                         
Unallocated operating expenses*             -       -               201  
                                         
Income from operations   $ 178     $ 1,708     $ 58               1,743  
                                         
Financial expenses and tax on income                                     (392 )
                                         
Net income                                   $ 1,351  

 

    RFID     Supply Chain
Solutions
    Intelligent
Robotics
    Intercompany     Consolidated  
    Three months ended March 31, 2024  
                               
Revenues   $ 3,683     $ 7,356       250       (2 )   $ 11,287  
                                         
                                         
Gross profit     992       1,484       84       -       2,560  
                                         
                                         
Allocated operating expenses     565       909       62       -       1,536  
                                         
Unallocated operating expenses*     -       -       -               178  
                                         
Income  from operations   $ 427     $ 575     $ 22               846  
                                         
Financial expenses and tax on income                                     (105 )
                                         
Net income                                   $ 741  

 

7


 

SEGMENT INFORMATION

(U.S. dollars in thousands)

 

    RFID    

Supply Chain
Solutions

    Intelligent Robotics     Intercompany     Consolidated  
    Year ended December 31, 2024  
                               
Revenues   $ 12,877     $ 25,829       1,410       (167 )   $ 39,949  
                                         
                                         
Gross profit     3,533       5,430       331               9,294  
                                         
                                         
Allocated operating expenses     2,273       3,338       274               5,885  
                                         
Impairment of goodwill and intangible assets     984       189       -               1,173  
                                         
Unallocated operating expenses*     -       -       -               797  
                                         
Income from operations   $ 276     $ 1,903     $ 57               1,439  
                                         
Financial expenses and tax benefit                                     861  
                                         
Net income                                   $ 2,300  

 

* Unallocated operating expenses include costs not specific to a particular segment but general to the entire group, such as expenses incurred for insurance of directors and officers, public company fees, legal fees, and other similar corporate costs.

 

8