B.O.S. Better Online Solutions (BOSC) Posts 2 Consecutive Increases in Q4, FY Results

QualityStocks would like to highlight B.O.S. Better Online Solutions Ltd. (NASDAQ: BOSC), a leading Israeli provider of RFID and Supply Chain solutions to global enterprises. BOS' RFID and supply chain offerings are helping customers worldwide improve the efficiency of enterprise logistics and organizational monitoring and control.

In the company’s news yesterday,

B.O.S. Better Online Solutions reported its financial results for the fourth quarter and for the year ended December 31, 2010.

The company reported that its fourth-quarter revenues grew 24 percent to $78 million, up from $6.3 million in the comparable quarter of 2009. Operating income amounted to $264,000, compared to an operating loss of $2 million in the same quarter last year, reflecting the fourth consecutive quarter in 2010 that the company has posted an operating income.

EBITDA was reported at $453,000, compared to a negative EBITDA of $1.7 million in the same quarter last year. Net income was $84,000, compared to a net loss of $2.9 million in the same quarter last year, reflecting the third consecutive quarter in 2010 that B.O.S has posted a net profit. Net income (excluding amortization of intangible assets and stock-based compensation) was reported at $289,000, compared to a net loss of $2.5 million in the same quarter last year.

For full-year 2010, B.O.S. reported that revenues grew by 18 percent to $30.2 million, up from $25.5 million in the same period last year. Operating income amounted to $1.3 million, compared to an operating loss of $4.7 million in the same period last year. EBITDA was $2.1 million, compared to a negative EBITDA of $3.1 million in the same period last year. Net profit amounted to $171,000, compared to a net loss of $6 million in the same period last year.

Yuval Viner, B.O.S. CEO, said the company anticipates continued growth throughout 2011 as it seeks to build relationships in internationally.

“We are pleased to report ongoing growth trends and improved results for our continuing operations, for the fourth consecutive quarter in 2010. We expect a net profit (on a GAAP basis) in 2011. Our outlook for revenues in 2011 is at least $33 million, reflecting a 10 percent growth over 2010 continued operations. We are also forecasting EBITDA to grow by 10 percent or more, to at least $2.3 million, compared to $2.1 million last year. We are in the process of establishing partnerships with systems integrators in Europe, and we expect 2011 to be the first year of international sales of our BOS ID software platform,” Viner stated in the press release.

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Forward-Looking Statement:

This release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events or future performance of the company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. Risks and uncertainties applicable to the company and its business could cause the company's actual results to differ materially from those indicated in any forward-looking statements.