BOS Better Online: BOS Reports 60% Growth in Orders Received in Q1 2022 – Form 6-K

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BOS announces 60% growth in orders received in the first quarter of 2022

RISHON LE ZION, Israel, April 26, 2022 (GLOBE NEWSWIRE) — BOS Better Online Solutions Ltd. (“BOS” or the “Company”) (NASDAQ:BOSC) today announced that orders received during the first quarter of 2022 reached a record $13.8 million. This reflects a 60% increase over the dollar amount of orders in the comparable period last year. Most orders are for delivery in 2022.

Eyal Cohen, CEO of BOS, said: “This order growth is organic and does not include orders attributed to the acquisition of the Dagesh assets, which we completed on March 1, 2022.

Growth is the result of:

a) Increased demand for the Supply Chain Division’s products and services from defense and aviation customers;

b) Expansion of the number of logistics centers opened in Israel, which increased the demand for the products and services of the RFID division”.

About BOS

BOS provides services and systems for production and inventory management in three channels:

·

Services – The Supply Chain division ensures the supply and kitting of stocks.

·

Integration – the RFID division provides off-the-shelf software and equipment to track and manage inventory in the production floor and warehouse.

·

Development – the Intelligent Robotics division develops and builds tailor-made robot cells for industrial and logistics processes.

Contact: Eyal Cohen, CEO
+972-542525925 | [email protected]

Safe Harbor Regarding Forward-Looking Statements

The forward-looking statements contained herein reflect management’s current beliefs regarding future events and financial performance. These forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those contained 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, among others, the dependence of sales generated by one or a few large customers, the uncertainty of BOS’s ability to maintain current gross profit margins, the inability to keep up with or outpace technology and to succeed in a highly competitive industry, failure to successfully integrate and realize the potential benefits of acquiring the business operations of Imdecol Ltd. (the Robotics business line) and Dagesh Inventory Counting and Maintenance Ltd., inability to maintain marketing and distribution agreements and expand our business in overseas markets, uncertainty about the prospects of legal claims against BOS , the effect of exchange rate fluctuations, general global economic conditions, military and political upheaval, the impact of the COVID-19 virus, and the continued availability of financing for working capital purposes and to refinance outstanding debt. Additional risks and uncertainties are detailed in BOS’s periodic reports and registration statements filed with the United States Securities and Exchange Commission. BOS undertakes no obligation to publicly update or revise these forward-looking statements to reflect any change in its expectations or in events, conditions or circumstances on which such statements may be based, or which may affect the likelihood that actual results differ from those set forth in the forward-looking statements.

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