Earnings release
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Post navigation Second Quarter Revenue Grew 29 % Year - Over - Year to $ 14.9 Million Raises Full - Year 2026 Net Income Guidance _ RISHON LE ZION , Israel , August 20 , 2026 BOS Better Online Solutions Ltd. ( " BOS " or the " Company " ) ( Nasdaq : BOSC ) , an integrator of supply chain technologies for the aerospace , defense , industrial and retail sectors , today announced its financial results for the second quarter and first half ended June 30 , 2026 . Second Quarter 2026 Financial Highlights • Revenue was $ 14.9 million , up 29 % from $ 11.5 million in the second quarter of 2025 . • Gross profit was $ 3.4 million , or 23.0 % of revenue , compared to $ 2.6 million , or 22.8 % of revenue , in the second quarter of 2025 . Operating income was $ 1.1 million , compared to $ 0.1 million in the second quarter of 2025 , which included a $ 0.7 million goodwill impairment charge . • EBITDA was $ 1.3 million , compared to $ 0.9 million in the second quarter of 2025 . • Net income was $ 1.4 million , or $ 0.19 per diluted share , compared to net income of $ 0.8 million , or $ 0.12 per diluted share , the second quarter of 2025 . First Half 2026 Financial Highlights • Revenue was $ 26.2 million , compared to $ 26.6 million in the first half of 2025 . • Gross profit was $ 6.2 million , or 23.8 % of revenue , compared to $ 6.2 million , or 23.4 % of revenue , in the first half of 2025 . • Operating income was $ 1.7 million , compared to $ 1.8 million in the first half of 2025 ; the 2025 period included a $ 0.7 million goodwill impairment charge . • EBITDA was $ 2.2 million , compared to $ 2.8 million in the first half of 2025 . • Net income was $ 2.1 million , or $ 0.30 per diluted share , compared to net income of $ 2.1 million , or $ 0.33 per diluted share , in the first half of 2025 . " Second - quarter 2026 revenue grew 29 % year - over - year , helping offset a softer first quarter of 2026 and bringing first - half 2026 revenue roughly in line with last year , " said Eyal Cohen , BOS ' CEO . " Our backlog remained at a record $ 31 million as of the end of the second quarter of 2026 , unchanged from the previous quarter , despite 30 % quarter - over - quarter revenue growth . Approximately $ 20 million of the backlog is scheduled for delivery by year - end . Together with first - half revenue , this amount represents approximately 91 % of our full - year 2025 revenue . Accordingly , we continue to expect full - year 2026 revenue to exceed $ 51 million , and we are raising our net income guidance to exceed $ 3.6 million . Growth in the first half was led by our RFID division , up 17.5 % year - over - year , while Supply Chain revenue softened by 5.8 % , which we view as temporary based on backlog trends , " concluded Eyal Cohen . Moshe Zeltzer , BOS ' Chief Financial Officer , stated : " The depreciation of the U.S. dollar against the New Israeli Shekel increased our operating expenses by approximately $ 0.6 million in the first half of 2026 , compared to the first half of 2025 , creating pressure on our profitability . We are responding to the depreciation of the U.S. dollar by working to accelerate revenue growth and improve gross profit margins . The diluted earnings per share for the first half declined to $ 0.30 from $ 0.33 in the comparable period primarily due to 970,000 shares issued upon warrant and option exercises in the second half of 2025 . The proceeds from the exercises amounted to $ 2.9 million , which we plan to deploy toward acquisitions