BOS Continues Strong Growth Trajectory in Q2 2025, Sales Increase 36% Year-Over-Year
BOS Better Online Solutions (NASDAQ:BOSC) reported strong Q2 2025 financial results, with revenue surging 36.4% to $11.5 million compared to Q2 2024. Net income increased 52.7% to $765,000 ($0.13 per basic share), while EBITDA rose to $898,000.
The company achieved record year-to-date sales of $26.5 million and net income of $2.1 million. Based on strong performance, BOS raised its 2025 guidance, now expecting revenues between $45-48 million and net income of $2.6-3.1 million.
However, the company faced margin pressures, with consolidated gross profit margin declining to 22.8% from 26.0%, primarily due to RFID division challenges. BOS recorded a $700,000 non-cash goodwill impairment charge, offset by a $696,000 currency gain.
BOS Better Online Solutions (NASDAQ:BOSC) ha annunciato solidi risultati finanziari per il secondo trimestre 2025: i ricavi sono saliti del 36,4% a $11,5 milioni rispetto al Q2 2024. L'utile netto è cresciuto del 52,7% a $765.000 ($0,13 per azione base), mentre l'EBITDA è aumentato a $898.000.
La società ha raggiunto vendite record da inizio anno per un totale di $26,5 milioni e un utile netto cumulato di $2,1 milioni. Grazie alle performance solide, BOS ha alzato la guidance 2025, ora prevedendo ricavi tra $45-48 milioni e un utile netto tra $2,6-3,1 milioni.
Tuttavia, i margini hanno subito pressioni: il margine lordo consolidato è sceso al 22,8% dal 26,0%, principalmente a causa di criticità nella divisione RFID. BOS ha registrato una svalutazione non monetaria dell'avviamento di $700.000, compensata da un guadagno valutario di $696.000.
BOS Better Online Solutions (NASDAQ:BOSC) presentó sólidos resultados financieros del segundo trimestre de 2025: los ingresos aumentaron un 36,4% hasta $11,5 millones frente al Q2 de 2024. El beneficio neto creció un 52,7% hasta $765.000 ($0,13 por acción básica), mientras que el EBITDA subió a $898.000.
La compañía alcanzó ventas acumuladas récord de $26,5 millones y un beneficio neto de $2,1 millones. Con este buen desempeño, BOS elevó su previsión para 2025, esperando ahora ingresos entre $45-48 millones y un beneficio neto de $2,6-3,1 millones.
No obstante, los márgenes sufrieron presión: el margen bruto consolidado cayó al 22,8% desde 26,0%, principalmente por problemas en la división RFID. BOS anotó un cargo por deterioro del goodwill no monetario de $700.000, compensado por una ganancia cambiaria de $696.000.
BOS Better Online Solutions (NASDAQ:BOSC)� 2025� 2분기� 견조� 실적� 발표했습니다. 매출은 전년 동기 대� 36.4% 증가� $1,150�� 기록했습니다. 순이익은 52.7% 증가� $76�5,000($보통� 기준 주당 $0.13)이며, EBITDA� $89�8,000으로 증가했습니다.
회사� 연초 누적 매출� $2,650�, 누적 순이익이 $210�으로 사상 최대� 달성했습니다. 강한 실적� 바탕으로 BOS� 2025� 가이던스를 상향 조정� 매출� $45-48백만 범위, 순이익을 $2.6-3.1백만으로 예상하고 있습니다.
다만, 마진은 압박� 받았습니�. 통합 매출총이익률은 RFID 부� 문제� 인해 26.0%에서 22.8%� 하락했습니다. BOS� 비현금성 영업� 손상차손 $70�� 계상했으�, $69.6�� 환율 이익으로 상쇄되었습니�.
BOS Better Online Solutions (NASDAQ:BOSC) a publié de solides résultats pour le 2e trimestre 2025 : le chiffre d'affaires a bondi de 36,4% à 11,5 M$ par rapport au T2 2024. Le résultat net a augmenté de 52,7% à 765 000 $ (0,13 $ par action de base), tandis que l'EBITDA a progressé à 898 000 $.
La société a enregistré des ventes cumulées record depuis le début de l'année de 26,5 M$ et un résultat net cumulé de 2,1 M$. Au vu de ces performances, BOS a relevé ses prévisions pour 2025, anticipant désormais des revenus compris entre 45 et 48 M$ et un résultat net de 2,6 à 3,1 M$.
Cependant, les marges ont été sous pression : la marge brute consolidée est tombée à 22,8% contre 26,0%, principalement en raison de difficultés dans la division RFID. BOS a enregistré une charge de dépréciation fiscale non monétaire de l'écart d'acquisition de 700 000 $, compensée par un gain de change de 696 000 $.
BOS Better Online Solutions (NASDAQ:BOSC) meldete starke Finanzergebnisse für das zweite Quartal 2025: die Umsätze stiegen um 36,4% auf $11,5 Mio. im Vergleich zu Q2 2024. Der Nettogewinn erhöhte sich um 52,7% auf $765.000 ($0,13 je Stammaktie), während das EBITDA auf $898.000 anstieg.
Das Unternehmen erzielte einen Rekordumsatz seit Jahresbeginn von $26,5 Mio. und einen kumulierten Nettogewinn von $2,1 Mio.. Aufgrund der starken Entwicklung hat BOS seine Prognose für 2025 angehoben und erwartet nun Umsätze zwischen $45�48 Mio. sowie einen Nettogewinn von $2,6�3,1 Mio..
Allerdings standen die Margen unter Druck: die konsolidierte Bruttomarge sank auf 22,8% von 26,0%, hauptsächlich aufgrund von Problemen in der RFID-Sparte. BOS verbuchte eine nicht zahlungswirksame Goodwill-Abschreibung in Höhe von $700.000, die durch einen Währungsgewinn von $696.000 teilweise ausgeglichen wurde.
- Revenue growth of 36.4% year-over-year to $11.5 million in Q2 2025
- Net income increased 52.7% to $765,000 in Q2 2025
- Strong contracted backlog of $24 million as of June 30, 2025
- Cash position improved to $5.2 million from $3.6 million at year-end 2024
- Raised full-year 2025 guidance for both revenue and net income
- Record year-to-date sales of $26.5 million and net income of $2.1 million
- Consolidated gross profit margin declined to 22.8% from 26.0% year-over-year
- RFID division experiencing operational inefficiencies with margin drop to 19.1%
- Supply Chain division gross margin decreased to 24% from 28%
- Non-cash goodwill impairment charge of $700,000 recorded
Insights
BOS delivers exceptional 36% revenue growth and 53% earnings growth, raising full-year guidance despite temporary margin pressures.
BOS's Q2 results reflect impressive momentum with revenue jumping
The contracted backlog of
Management's decision to raise full-year guidance—now projecting revenues of
There are some margin challenges to monitor. The consolidated gross margin contracted to
With record year-to-date sales of
Company Raises Full-Year Revenue and Net Income Guidance
RISHON LE ZION, Israel, Aug. 21, 2025 (GLOBE NEWSWIRE) -- BOS Better Online Solutions Ltd. ("BOS" or the "Company") (Nasdaq: BOSC) reported financial results for the second quarter and first half ended June 30, 2025, continuing its growth trajectory.
Second Quarter 2025 Financial Highlights
- Revenue increased
36.4% to$11.5 million , compared to$8.5 million in Q2 2024. - Net income increased
52.7% to$765,000 , or$0.13 per basic share, compared to$501,000 , or$0.09 per basic share, in Q2 2024. - EBITDA increased to
$898,000 compared to$817,000 in Q2 2024. - Contracted Backlog was
$24 million as of June 30, 2025, compared to$22 million on March 31, 2025, and$27 million on December 31, 2024. - Cash and Equivalents were
$5.2 million as of June 30, 2025, compared to$3.6 million as of December 31, 2024.
Eyal Cohen, Chief Executive Officer of BOS, stated: "Our strategic focus on the defense sector, combined with efforts to diversify our customer base and expand our product offerings, delivered robust
"Based on these strong results and contracted activity for the second half of the year with both existing and new customers, we are raising our 2025 financial outlook. We now expect revenues between
"With
Moshe Zeltzer, Chief Financial Officer of BOS, stated: "While we continued to achieve strong sales growth, we are focused on addressing temporary margin pressures in our RFID division. During the second quarter, consolidated gross profit margin was
"The RFID division's gross profit margin decreased to
"The Supply Chain division's gross profit margin was
"In connection with the RFID restructuring initiatives, the Company recorded a non-cash goodwill impairment charge of
Investor Conference Call
BOS will host a video conference meeting on August 21, 2025 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:
For those unable to participate in the video conference, a recording of the meeting will be available the next day on the BOS website:
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 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 .
For additional information, contact:
Matt Kreps, Managing Director
Darrow Associates
+1-214-597-8200
[email protected]
Eyal Cohen, CEO
+972-542525925
[email protected]
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.
CONSOLIDATED STATEMENTS OF OPERATIONS | ||||||||||||||||
U.S. dollars in thousands (except share and per share numbers) | ||||||||||||||||
Six months ended June 30, | Three months ended June 30, | |||||||||||||||
2025 | 2024 | 2025 | 2024 | |||||||||||||
(Unaudited) | (Unaudited) | |||||||||||||||
Revenues | $ | 26,553 | $ | 19,734 | $ | 11,527 | $ | 8,447 | ||||||||
Cost of revenues | 20,334 | 14,976 | 8,896 | 6,249 | ||||||||||||
Gross profit | 6,219 | 4,758 | 2,631 | 2,198 | ||||||||||||
Operating costs and expenses: | ||||||||||||||||
Research and development | 87 | 84 | 45 | 40 | ||||||||||||
Sales and marketing | 2,540 | 2,213 | 1,277 | 1,051 | ||||||||||||
General and administrative | 1,081 | 956 | 539 | 448 | ||||||||||||
Impairment of Goodwill | 700 | - | 700 | - | ||||||||||||
Total operating costs and expenses | 4,408 | 3,253 | 2,561 | 1,539 | ||||||||||||
Operating income | 1,811 | 1,505 | 70 | 659 | ||||||||||||
Financial income (expenses), net | 424 | (262 | ) | 696 | (157 | ) | ||||||||||
Income before taxes on income | 2,235 | 1,243 | 766 | 502 | ||||||||||||
Taxes on income | 121 | 1 | 1 | 1 | ||||||||||||
Net income | $ | 2,114 | $ | 1,242 | $ | 765 | $ | 501 | ||||||||
Basic net income per share | $ | 0.36 | $ | 0.22 | $ | 0.13 | $ | 0.09 | ||||||||
Diluted net income per share | $ | 0.33 | $ | 0.21 | $ | 0.12 | $ | 0.09 | ||||||||
Weighted average number of shares used in computing basic net income per share | 5,925 | 5,748 | 5,950 | 5,748 | ||||||||||||
Weighted average number of shares used in computing diluted net income per share | 6,385 | 5,833 | 6,438 | 5,837 | ||||||||||||
Number of outstanding shares as of June 30, 2025 and2024 | 6,060 | 5,748 | 6,060 | 5,748 |
CONSOLIDATED BALANCE SHEETS | ||||||||
(U.S. dollars in thousands) | ||||||||
June 30, 2025 | December 31, 2024 | |||||||
(Unaudited) | (Audited) | |||||||
ASSETS | ||||||||
CURRENT ASSETS: | ||||||||
Cash and cash equivalents | $ | 5,170 | $ | 3,368 | ||||
Restricted bank deposits | 65 | 185 | ||||||
Trade receivables | 15,689 | 11,787 | ||||||
Other accounts receivable and prepaid expenses | 1,165 | 1,150 | ||||||
Inventories | 6,917 | 7,870 | ||||||
Total current assets | 29,006 | 24,360 | ||||||
LONG-TERM ASSETS | 146 | 177 | ||||||
PROPERTY AND EQUIPMENT, NET | 3,483 | 3,417 | ||||||
OPERATING LEASE RIGHT-OF-USE ASSETS, NET | 834 | 779 | ||||||
DEFERRED TAX ASSETS | 1,082 | 1,000 | ||||||
OTHER INTANGIBLE ASSETS, NET | 392 | 422 | ||||||
GOODWILL | 3,488 | 4,188 | ||||||
Total assets | $ | 38,431 | $ | 34,343 |
CONSOLIDATED BALANCE SHEETS | ||||||||
(U.S. dollars in thousands) | ||||||||
June 30, 2025 | December 31, 2024 | |||||||
(Unaudited) | (Audited) | |||||||
LIABILITIES AND SHAREHOLDERS' EQUITY | ||||||||
CURRENT LIABILITIES: | ||||||||
Current maturities of long term loans | $ | 278 | $ | 439 | ||||
Operating lease liabilities, current | 223 | 176 | ||||||
Trade payables | 6,088 | 6,362 | ||||||
Employees and payroll accruals | 1,072 | 1,087 | ||||||
Deferred revenues | 3,174 | 2,003 | ||||||
Accrued expenses and other liabilities | 844 | 598 | ||||||
Total current liabilities | 11,679 | 10,665 | ||||||
LONG-TERM LIABILITIES: | ||||||||
Long-term loans, net of current maturities | 971 | 980 | ||||||
Operating lease liabilities, non-current | 652 | 576 | ||||||
Long term deferred revenues | 290 | 293 | ||||||
Accrued severance pay | 609 | 498 | ||||||
Total long-term liabilities | 2,522 | 2,347 | ||||||
TOTAL SHAREHOLDERS' EQUITY | 24,230 | 21,331 | ||||||
Total liabilities and shareholders' equity | $ | 38,431 | $ | 34,343 |
CONDENSED CONSOLIDATED EBITDA | ||||||||||||||||
(U.S. dollars in thousands) | ||||||||||||||||
Six months ended June 30, | Three months ended June 30, | |||||||||||||||
2025 | 2024 | 2025 | 2024 | |||||||||||||
Operating income | $ | 1,811 | $ | 1,505 | $ | 70 | $ | 659 | ||||||||
Add: | ||||||||||||||||
Impairment of Goodwill | 700 | - | 700 | - | ||||||||||||
Amortization of intangible assets | 30 | 95 | 15 | 47 | ||||||||||||
Stock-based compensation | 20 | 42 | 10 | 21 | ||||||||||||
Depreciation | 204 | 179 | 103 | 90 | ||||||||||||
EBITDA | $ | 2,765 | $ | 1,821 | $ | 898 | $ | 817 |
SEGMENT INFORMATION | ||||||||||||||||||||
(U.S. dollars in thousands) | ||||||||||||||||||||
RFID | Supply Chain Solutions | Intelligent Robotics | Intercompany | Consolidated | ||||||||||||||||
Six months ended June 30, 2025 | ||||||||||||||||||||
Revenues | $ | 6,168 | $ | 19,734 | $ | 868 | $ | (217 | ) | $ | 26,553 | |||||||||
Gross profit | 1,261 | 4,753 | 205 | - | 6,219 | |||||||||||||||
Allocated operating expenses | 1,060 | 2,076 | 141 | - | 3,277 | |||||||||||||||
Impairment of goodwill and intangible assets | 700 | 30 | - | 730 | ||||||||||||||||
Unallocated operating expenses* | - | - | - | 401 | ||||||||||||||||
Income (loss) from operations | $ | (499 | ) | $ | 2,647 | $ | 64 | - | 1,811 | |||||||||||
Financial income and tax on income | 303 | |||||||||||||||||||
Net income | $ | 2,114 | ||||||||||||||||||
RFID | Supply Chain Solutions | Intelligent Robotics | Intercompany | Consolidated | ||||||||||||||||
Six months ended June 30, 2024 | ||||||||||||||||||||
Revenues | $ | 6,662 | $ | 12,687 | $ | 401 | $ | (16 | ) | $ | 19,734 | |||||||||
Gross profit | 1,620 | 2,988 | 150 | - | 4,758 | |||||||||||||||
Allocated operating expenses | 1,103 | 1,683 | 122 | - | 2,908 | |||||||||||||||
Unallocated operating expenses* | - | - | - | 345 | ||||||||||||||||
Income from operations | $ | 517 | $ | 1,305 | $ | 28 | - | 1,505 | ||||||||||||
Financial expenses and tax on income | (263 | ) | ||||||||||||||||||
Net income | $ | 1,242 | ||||||||||||||||||
* 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.
SEGMENT INFORMATION | ||||||||||||||||||||
(U.S. dollars in thousands) | ||||||||||||||||||||
RFID | Supply Chain Solutions | Intelligent Robotics | Intercompany | Consolidated | ||||||||||||||||
Three months ended June 30, 2025 | ||||||||||||||||||||
Revenues | $ | 2,910 | $ | 8,344 | $ | 371 | $ | (98 | ) | $ | 11,527 | |||||||||
Gross profit | 555 | 1,997 | 79 | - | 2,631 | |||||||||||||||
Allocated operating expenses | 531 | 1,042 | 73 | - | 1,646 | |||||||||||||||
Impairment of goodwill and intangible assets | 700 | 15 | - | 715 | ||||||||||||||||
Unallocated operating expenses* | - | 200 | ||||||||||||||||||
Income (loss) from operations | $ | (676 | ) | $ | 940 | $ | 6 | - | 70 | |||||||||||
Financial income and tax on income | 695 | |||||||||||||||||||
Net income | $ | 765 | ||||||||||||||||||
RFID | Supply Chain Solutions | Intelligent Robotics | Intercompany | Consolidated | ||||||||||||||||
Three months ended June 30, 2024 | ||||||||||||||||||||
Revenues | $ | 2,979 | $ | 5,330 | $ | 152 | $ | (14 | ) | $ | 8,447 | |||||||||
Gross profit | 629 | 1,503 | 66 | - | 2,198 | |||||||||||||||
Allocated operating expenses | 538 | 774 | 60 | - | 1,372 | |||||||||||||||
Unallocated operating expenses* | - | 167 | ||||||||||||||||||
Income from operations | $ | 91 | $ | 729 | $ | 6 | - | 659 | ||||||||||||
Financial expenses and tax on income | (158 | ) | ||||||||||||||||||
Net income | $ | 501 | ||||||||||||||||||
* 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.
