Earnings release
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2024-06-17 11:14 sec.gov/Archives/edgar/data/1005516/000121390021045829/ea146716ex99-1_bosbetter.htm EX - 99.1 2 ea146716ex99-1 bosbetter.htm PRESS RELEASE : B.O.S. BETTER ONLINE SOLUTIONS REPORTS SECOND QUARTER OF 2021 FINANCIAL RESULTS BOS Reports Second Quarter of the Year 2021 Financial Results Fourth Consecutive Profitable Quarter RISHON LE ZION , Israel , August 31 , 2021 Exhibit 99.1 BOS Better Online Solutions Ltd. ( " BOS " or the " Company " ) ( NASDAQ : BOSC ) reported its financial results for the second quarter of the year 2021 . Revenues for the second quarter of 2021 were $ 9.2 million compared to $ 7.5 million in the comparable quarter last year , a 23.4 % growth . Gross profit margin for the second quarter of 2021 was 17.3 % compared to 11.7 % in the comparable quarter last year . Operating profit for the second quarter was $ 129,000 compared to an operating loss of $ 1.4 million in the comparable quarter last year . Net income for the second quarter of 2021 was $ 141,000 or $ 0.03 per basic share compared to a net loss of $ 1.4 million or $ 0.34 per basic share in the comparable quarter last year . Eyal Cohen , BOS's CEO stated : " While we still have significant business challenges to solve in the Robotic division , I am encouraged by the continuing improvement in our financial results . Regarding the year 2021 outlook , we reiterate our expectation for revenues over $ 33 million and a net profit of above $ 1 million . ” BOS will host a conference call on Tuesday , August 31 , 2021 , at 9:00 a.m. EDT - 4:00 p.m. , Israel Time . A question - and - answer session will follow management's presentation . To access the conference call , please dial one of the following numbers : US : + 1-888-281-1167 , International : + 972-3-9180644 . For those unable to listen to the live call , a replay of the call will be available the next day on the BOS website : www.boscom.com About BOS BOS is a global provider of custom - made robots and an integrator of off - the - shelf automation systems for industrial and logistics processes . BOS also provides supply chain services , mainly for the aerospace and defense industries worldwide . For more information , please visit our websites : Corporate - www.boscom.com | Robotics - www.imdecol.com RFID - www.dimex.co.il | Supply Chain - www.odem.co.il Contact : Eyal Cohen , CEO + 972-542525925 | eyalc@boscom.com https://www.sec.gov/Archives/edgar/data/1005516/000121390021045829/ea146716ex99-1_bosbetter.htm 1/8