B.O.S. Expects to Record a Write-Off of $600,000 Related to Recent Robotics Acquisition
B.O.S. Better Online Solutions - Ordinary Shares (BOSC)
US:NASDAQ Investor Relations:
group.hugoboss.com/en/investor-relations
Company Research
Source: GlobeNewswire
RISHON LEZION, Israel, Oct. 29, 2019 (GLOBE NEWSWIRE) -- B.O.S. Better Online Solutions Ltd. ("BOS" or the "Company") (NASDAQ: BOSC), a global provider of intelligent systems and services for production and logistics, announced today that it expects to record a write-off of approximately $600,000 in the third quarter of 2019, primarily related to its robotics acquisition. Eyal Cohen, BOS Co-CEO and CFO, stated, “In connection with our acquisition of the robotics business of Imdecol Ltd. ("Imdecol"), we agreed to act as Imdecol’s subcontractor to complete certain existing contracts, which were not assigned to BOS as part of the transaction. We have experienced unexpected cost overruns and delays in the completion of these contracts, which cannot be passed on to the customers. Although Imdecol remains responsible for such cost overruns, BOS does not expect that Imdecol will be able to pay these amounts, so BOS expects to write off a portion of Imdecol's debt in the amount of appr
Show less
Read more
Impact Snapshot
Event Time:
BOSC
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
BOSC alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
BOSC alerts
High impacting B.O.S. Better Online Solutions - Ordinary Shares news events
Weekly update
A roundup of the hottest topics
BOSC
News
- BOS Secures $2.7 Million Defense Related OrderGlobeNewswire
- BOS' Supply Chain Division Receives a $500,000 order from a Customer in IndiaGlobeNewswire
- BOS’ CEO to Participate in LD Micro Main Event in Los Angeles, October 28-30, 2024GlobeNewswire
- BOS to Release Financial Results for the Third Quarter of 2024 and Host a Video Conference Call on November 27, 2024 (Changed Date)GlobeNewswire
- BOS to Release Financial Results for the Third Quarter of 2024 and Host a Video Conference Call on November 28, 2024GlobeNewswire
BOSC
Sec Filings
- 10/15/24 - Form 6-K
- 9/30/24 - Form 6-K
- BOSC's page on the SEC website