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6-K 1 ea0284324-6k_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 March 2026

 

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into all effective Registration Statements filed by us under the Securities Act of 1933, as amended, to the extent not superseded by documents or reports subsequently filed or furnished.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 Financial Results for the Fourth Quarter and the Full Year 2025.

 

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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: March 31, 2026

 

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EXHIBIT INDEX

 

EXHIBIT NO.   DESCRIPTION
     
99.1   Press Release: BOS Reports Financial Results for the Fourth Quarter and the Full Year 2025.

 

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EX-99.1 2 ea028432401ex99-1.htm PRESS RELEASE: BOS REPORTS FINANCIAL RESULTS FOR THE FOURTH QUARTER AND THE FULL YEAR 2025

Exhibit 99.1

 

BOS Reports Financial Results for the Fourth Quarter and Full Year 2025

 

Delivers Record Year Performance

 

Provides Initial 2026 Revenue and Net Income Guidance

 

RISHON LE ZION, Israel, March 31, 2026 (GLOBE NEWSWIRE) -- BOS Better Online Solutions Ltd. (BOSC) today reported financial results for the fourth quarter and full-year ended December 31, 2025, including record revenue and profitability.

 

Fourth Quarter 2025 Financial Highlights:

 

Revenues
$12.6M +21.5%
Compared to $10.4M in Q4 2024
  EBITDA
$944K +32%
Compared to $715K in Q4 2024
     
Net Income
$819K +68.9%
Compared to $485K in Q4 2024
  EPS
$0.12 +50%
Compared to $0.08 in Q4 2024
     
Cash & Equivalent
$11.8M
As of December 31, 2025
  Contracted Backlog
$24M
As of December 31, 2025

 

Full Year 2025 Financial Highlights:

 

Revenues
$50.6M +26.6%
Compared to $39.9M in 2024
  EBITDA
$4.6M +42.6%
Compared to $3.2M in 2024
     
Net Income
$3.6M +57.0%
Compared to $2.3M in 2024
  EPS
$0.59 +47.5%
Compared to $0.40 in 2024

 

Eyal Cohen, Chief Executive Officer of BOS, stated: “We are pleased to report record revenues and net income for the full year 2025, capping an outstanding year of growth for BOS. We demonstrated sustained business momentum, most notably in our defense related business lines where we continue to see robust demand for both our supply chain and robotics solutions, and maintained our diligent operating discipline.

 

“Supply chain division revenues grew by 40% during the year, demonstrating the benefit of our global diversification strategy. We continue to focus on expanding our opportunities in this key sector through deeper engagement with existing customers, strategic wins with new customers and entry into additional global markets, such as India, which is a growing hub for subcontracting programs with Israeli defense customers.

 

 


 

“Our RFID division experienced a $665,000 operating loss for the full year, primarily due to a goodwill impairment charge of $1.2 million. Absent this charge, the division would have generated approximately $535,000 in operating income. The ongoing geopolitical tension in Israel since October 2023 negatively impacted the Israeli commercial market, which constitutes the primary revenue base for the RFID division; as a result, goodwill write-offs were recorded totaling $700,000 in 2024 and an additional $1.2 million in 2025. Q4 performance showed a 27% increase in revenues year-over-year, a positive indication that we can return this division to a growth trajectory in 2026.”

 

“Finally, our Intelligent Robotics division continues to deliver steady profitability improvements year-over-year, as well as increased backlog, demonstrating our team’s ability to drive operational excellence across all business units.

 

“Bringing our record year together, we generated strong operating cash flow and working capital performance that increased cash and cash equivalents to a record $11.8 million, providing a solid foundation to support our continued investment in strategic growth.”

 

Cohen concluded: “We continue our policy of issuing a conservative initial outlook, with updates provided as the year progresses. While we maintain strong exposure to the defense markets, ongoing geopolitical tensions lead us to initially project 2026 at a level consistent with 2025 revenues of $51 million and net income of $3.6 million.”

 

Investor Conference Call

 

Date & Time   Format   Recording
         
March 31, 2026 at 8:30 a.m   Video conference call followed by a question-and-answer session after management’s presentation     For those unable to participate in the live call, a recording will be available the following day on the BOS website: www.boscom.com

 

To access the video conference meeting, please click on the following link:https://us06web.zoom.us/j/7481721806?pwd=pmXNiVvvvuicaar9aMkZVqRUNaqK3s.1&omn=85823576

 

About BOS

 

BOS integrates cutting-edge technologies to streamline and enhance supply chain operations for global customers in the aerospace, defense, industrial and retail sectors. The Company operates three specialized divisions:

 

Supply Chain Division   RFID Division   Intelligent Robotics Division
         
Integrates franchised components directly into customer products, meeting their evolving needs for developing innovative solutions.   Optimizes inventory management with state-of-the-art solutions for marking and tracking, ensuring real-time visibility and control.   Automates industrial and logistics inventory processes through advanced robotics technologies, improving efficiency and precision.

 

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

 

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Contacts:

 

Matt Kreps, Managing Director | Darrow Associates | +1-214-597-8200 | mkreps@darrowir.com

 

Eyal Cohen, CEO | BOS | +972-542525925 | eyalc@boscom.com

 

Use of Non-GAAP Financial Information

 

BOS reports financial results in accordance with U.S. GAAP and also provides certain 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 prepared in accordance with GAAP. The Company uses these non-GAAP measures to evaluate and manage its operations internally and is providing this information to assist investors in performing additional financial analysis 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.

 

Contracted backlog

 

Represents the estimated value of firm customer orders under contract as of the date indicated. Backlog is not a guarantee of future revenues, and may be canceled, modified, or delayed by customers.

 

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 a 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 ongoing armed conflict and security conditions in Israel and 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.

 

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CONSOLIDATED STATEMENTS OF OPERATIONS

U.S. dollars in thousands (except share and per share numbers)

 

    Year ended
December 31,
    Three months ended
December 31,
 
    2025     2024     2025     2024  
    (Audited)     ( Audited)  
             
Revenues   $ 50,569     $ 39,949     $ 12,623     $ 10,388  
Cost of revenues     38,494       30,655       9,602       8,007  
Gross profit     12,075       9,294       3,021       2,381  
                                 
Operating costs and expenses:                                
Research and development     178       175       47       50  
Sales and marketing     5,242       4,394       1,336       1,118  
General and administrative     2,547       2,113       826       656  
Impairment of intangible assets     -       466                  
Impairment of Goodwill     1,200       707       500       1,173  
Total operating costs and expenses     9,167       7,855       2,709       2,997  
                                 
Operating income     2,908       1,439       312       (616 )
Financial income (expenses), net     590       (139 )     208       99  
Income before taxes on income     3,498       1,300       520       (517 )
Taxes on income (income taxes)     (113 )     (1,000 )     (299 )     (1,002 )
Net income   $ 3,611     $ 2,300     $ 819     $ 485  
                                 
Basic net income per share   $ 0.59     $ 0.40     $ 0.12     $ 0.08  
Diluted net income per share   $ 0.57     $ 0.39     $ 0.12     $ 0.08  
Weighted average number of shares used in computing basic net income per share     6,161       5,756       6,614       5,776  
Weighted average number of shares used in computing diluted net income per share     6,312       5,887       6,779       5,975  
                                 
Number of outstanding shares as of December 31, 2025 and  2024     7,029       5,793       7,029       5,793  

 

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CONSOLIDATED BALANCE SHEETS

(U.S. dollars in thousands)

 

    December 31,
2025
    December 31,
2024
 
    (Audited)     (Audited)  
ASSETS            
             
CURRENT ASSETS:            
Cash and cash equivalents   $ 11,825     $ 3,368  
Restricted bank deposits     98       185  
Trade receivables     15,638       11,787  
Other receivable and prepaid expenses     1,440       1,150  
Inventories     6,541       7,870  
                 
Total current assets     35,542       24,360  
                 
OTHER LONG-TERM ASSETS     128       177  
                 
PROPERTY AND EQUIPMENT, NET     3,449       3,417  
                 
OPERATING LEASE RIGHT-OF-USE ASSETS, NET     926       779  
                 
DEFERRED TAX ASSETS     1,250       1,000  
                 
OTHER INTANGIBLE ASSETS, NET     361       422  
                 
GOODWILL     2,988       4,188  
                 
Total assets   $ 44,644     $ 34,343  

 

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CONSOLIDATED BALANCE SHEETS

(U.S. dollars in thousands)

 

    December 31,
2025
    December 31,
2024
 
    (Audited)     (Audited)  
             
LIABILITIES AND SHAREHOLDERS’ EQUITY            
             
CURRENT LIABILITIES:            
Short term loan and Current maturities of long-term loans   $ 775     $ 439  
Operating lease liabilities, current     251       176  
Trade payables     6,778       6,362  
Employees and payroll accruals     1,266       1,087  
Deferred revenues     3,129       2,003  
Accrued expenses and other liabilities     983       598  
                 
Total current liabilities     13,182       10,665  
                 
LONG-TERM LIABILITIES:                
Long-term loans, net of current maturities     972       980  
Operating lease liabilities, non-current     768       576  
Long term deferred revenues     286       293  
Accrued severance pay     732       498  
                 
Total long-term liabilities     2,758       2,347  
                 
TOTAL SHAREHOLDERS’ EQUITY     28,704       21,331  
                 
Total liabilities and shareholders’ equity   $ 44,644     $ 34,343  

 

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CONDENSED CONSOLIDATED EBITDA

(U.S. dollars in thousands)

 

    Year ended
December 31,
    Three months ended
December 31,
 
    2025     2024     2025     2024  
                         
Operating income (loss)   $ 2,908     $ 1,439     $ 312     $ (616 )
Add:                                
Impairment of Goodwill     1,200       1,173       500       1,173  
Amortization of intangible assets     60       190       15       47  
Stock-based compensation     41       74       10       11  
Depreciation     419       370       107       100  
EBITDA   $ 4,628     $ 3,246     $ 944     $ 715  

 

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SEGMENT INFORMATION

(U.S. dollars in thousands)

 

    RFID     Supply Chain Solutions     Intelligent Robotics     Intercompany     Consolidated  
    Year ended December 31, 2025  
                               
Revenues   $ 13,587     $ 35,545     $ 1,847     $ (410 )   $ 50,569  
                                         
Gross profit     2,900       8,745       430       -       12,075  
                                         
Allocated operating expenses     2,365       4,277       276       -       6,918  
                                         
Impairment and amortization of intangible assets     1,200       60       -               1,260  
                                         
Unallocated operating expenses*     -       -       -               989  
                                         
Income (loss) from operations   $ (665 )   $ 4,408     $ 154       -       2,908  
                                         
Financial income and tax on income                                     703  
                                         
Net income                                   $ 3,611  

 

    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 on income                                     861  
                                         
Net income                                   $ 2,300  

 

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

 

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SEGMENT INFORMATION

(U.S. dollars in thousands)

 

    RFID     Supply Chain Solutions     Intelligent Robotics     Intercompany     Consolidated  
    Three months December 31, 2025  
                               
Revenues   $ 4,379     $ 7,695     $ 668     $ ((119     $ 12,623  
                                         
Gross profit     1,092       1,861       68       -       3,021  
                                         
Allocated operating expenses     727       1,073       65       -       1,865  
                                         
Impairment and amortization of intangible assets     500       15       -               515  
                                         
Unallocated operating expenses*                             -       329  
                                         
Income from operations   $ (135 )   $ 773     $ 3       -       312  
                                         
Financial income and tax on income                                     507  
                                         
Net income                                   $ 819  

 

    RFID     Supply Chain Solutions     Intelligent Robotics     Intercompany     Consolidated  
    Three months ended December 31, 2024  
                               
Revenues   $ 3,445     $ 6,806     $ 171       (34 )   $ 10,388  
                                         
Gross profit     1,151       1,186       44       -       2,381  
                                         
Allocated operating expenses     605       883       84       -       1,572  
Impairment of goodwill and intangible assets     984       189       -               1,173  
                                         
Unallocated operating expenses*                                     252  
                                         
Income (loss) from operations   $ (438 )   $ 114     $ (40 )             (616 )
                                         
Financial expenses and tax on income                                     1,101  
                                         
Net income                                   $ 485  

 

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

 

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