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BOS Reports Record $15 Million in Revenues for the First Quarter of 2025

1. BOSC's revenues grew by 33.1% to $15 million in Q1 2025. 2. Net income increased by 82.3% to $1.35 million per share. 3. EBITDA jumped 86.2% to $1.9 million from previous year. 4. Backlog decreased from $27 million to $22 million as of March 31, 2025. 5. CEO expressed optimism about surpassing the full-year revenue outlook.

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Why Bullish?

BOSC's strong revenue and profit growth in Q1 suggests its strategic focus is effective, likely boosting investor confidence.

How important is it?

Strong financial results and optimistic outlook are crucial for stock performance and investor sentiment.

Why Short Term?

Immediate investor sentiment may shift positively due to reported financial performance, influencing share prices in the near term.

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LMTNOCBA
RISHON LE ZION, Israel, May 29, 2025 (GLOBE NEWSWIRE) -- BOS Better Online Solutions Ltd. ("BOS" or the "Company") (NASDAQ: BOSC) reported its financial results for the first quarter of the year 2025. First Quarter 2025 Financial Highlights: Revenues increased by 33.1% to $15.0 million from $11.3 million in the first quarter of the year 2024;Gross profit margin improved to 23.9% compared to 22.7% in the first quarter of the year 2024;EBITDA increased by 86.2% to $1.9 million compared to $1.0 million in the first quarter of the year 2024; Operating expenses increased by only 7.7% compared to the 33.1% increase in revenues, demonstrating operating leverage;Net income increased by 82.3% to $1.35 million or $0.23 per basic share compared to $741,000 or $0.13 per basic share in the first quarter of the year 2024;Backlog was $22 million as of March 31, 2025 compared to $27 million as of December 31, 2024. Eyal Cohen, Chief Executive Officer at BOS, stated: “I am pleased to report record revenues and record net income in the first quarter, demonstrating the success of our strategic focus on the defense sector and diligent operating efficiency. We continue to capitalize on the growing opportunities in this rapidly changing sector by increasing contracting activity with existing customers and securing new customers.” “Based on our first quarter performance and contracted backlog, we are optimistic about surpassing our full-year outlook for 2025, which are revenues of $44 million and net income of $2.5 million,” Cohen concluded. “Our record results in the first quarter reflect BOS’s long-term investments in developing a diverse product offering and establishing a robust operational and financial framework, all of which are specifically designed to meet the evolving and distinct demands of the defense industry,” said Avidan Zelicovsky, BOS President. BOS will host a video conference meeting on May 29, 2024 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: https://us06web.zoom.us/j/83920447982?pwd=nxng3dstyBqK9argz8YQSsH9Cx4VkE.1 For those unable to participate in the video conference, a recording of the meeting will be available the next day on the BOS website: www.boscom.com 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 www.boscom.com. For additional information, contact: Matt Kreps, Managing DirectorDarrow Associates+1-214-597-8200mkreps@darrowir.com Eyal Cohen, CEO+972-542525925eyalc@boscom.com Use of Non-GAAP Financial InformationBOS 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 StatementsThe 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 OPERATIONSU.S. dollars in thousands   Three months ended March 31,    Year endedDecember 31,    2025   2024    2024    (Unaudited)     (Unaudited)     (Audited)       Revenues $15,026  $11,287   $39,949 Cost of revenues  11,437   8,727    30,655 Gross profit  3,589   2,560    9,294 Operating costs and expenses:       Research and development  41   44    175 Sales and marketing  1,263   1,162    4,394 General and administrative  542   508    2,113 Impairment of intangible assets and Goodwill  -   -    1,173 Total operating costs and expenses  1,846   1,714    7,855         Operating income  1,743   846    1,439 Financial expenses, net  (272)  (105)   (139)Income before taxes on income  1,471   741    1,300 Income taxes benefits (expenses)  (120)  -    1,000 Net income $1,351  $741   $2,300         Basic net income per share $0.23  $0.13   $0.40 Diluted net income per share $0.22  $0.13   $0.39 Weighted average number of shares used in computing basic net income per share  5,900   5,748    5,756 Weighted average number of shares used in computing diluted net income per share  6,273   5,828    5,887         Number of outstanding shares as of March 31, 2025 and 2024 and December 31, 2024  5,924   5,748    5,793   CONSOLIDATED BALANCE SHEETS(U.S. dollars in thousands)   March 31, 2025  December 31, 2024   (Unaudited) (Audited) ASSETS               CURRENT ASSETS:       Cash and cash equivalents $3,844  $3,368 Restricted bank deposits  66   185 Trade receivables, net  15,839   11,787 Other accounts receivable and prepaid expenses  1,235   1,150 Inventories  7,505   7,870       Total current assets  28,489   24,360       LONG-TERM ASSETS  167   177       PROPERTY AND EQUIPMENT, NET  3,362   3,417       OPERATING LEASE RIGHT-OF-USE ASSETS, NET  727   779       DEFERRED TAX ASSETS  981   1,000       OTHER INTANGIBLE ASSETS, NET  407   422       GOODWILL  4,188   4,188       Total assets $38,321  $34,343   CONSOLIDATED BALANCE SHEETS(U.S. dollars in thousands)   March 31, 2025 December 31, 2024  (Unaudited) (Audited)     LIABILITIES AND SHAREHOLDERS' EQUITY         CURRENT LIABILITIES:    Current maturities of long-term loans $342  $439 Operating lease liabilities, current  161   176 Trade payables  7, 769   6,362 Employees and payroll accruals  1,128   1,087 Deferred revenues  2,543   2,003 Accrued expenses and other liabilities  1,091   598      Total current liabilities  13,034   10,665      LONG-TERM LIABILITIES:    Long-term loans, net of current maturities  921   980 Operating lease liabilities, non-current  530   576 Long-term deferred revenues  273   293 Accrued severance pay, net  514   498      Total long-term liabilities  2,238   2,347           TOTAL SHAREHOLDERS' EQUITY  23,049   21,331           Total liabilities and shareholders' equity $38, 321  $34,343   CONDENSED CONSOLIDATED EBITDA(U.S. dollars in thousands)   Three months ended March 31, Year ended December 31,   2025   2024   2024        Operating income $1,743  $846  $1,439 Add:      Impairment of Goodwill and other intangible assets    -   1,173 Amortization of intangible assets  15   47   190 Stock-based compensation  9   21   74 Depreciation  101   89   370 EBITDA $1,868  $1,003  $3,246   SEGMENT INFORMATION(U.S. dollars in thousands) RFID SupplyChain Solutions IntelligentRobotics Intercompany Consolidated     Three months ended March 31, 2025 Revenues $ 3,259 $   11,390   496 (119 ) $  15,026   Gross profit     707   2,756   126  -     3,589   Allocated operating expenses    529   1,048   68  -     1,645   Unallocated operating expenses*   -   -   201   Income from operations $      178 $     1,708 $         58   1,743   Financial expenses and tax on income   (392 ) Net income $          1,351     RFID   SupplyChain Solutions   IntelligentRobotics Intercompany Consolidated     Three months ended March 31, 2024 Revenues $ 3,683 $     7,356 250   (2 ) $       11,287   Gross profit    992   1,484 84                -   2,560   Allocated operating expenses    565   909         62                -   1,536   Unallocated operating expenses*   -    -   -    178   Income  from operations   $      427   $        575 $         22    846   Financial expenses and tax on income     (105 ) Net income $            741   SEGMENT INFORMATION(U.S. dollars in thousands)     RFID   Supply Chain Solutions   IntelligentRobotics   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 benefit             861                Net income            $  2,300   *Unallocated operating expenses include costs not specific to a particular segment but general to the entire 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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