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Stock impact report

BOS Reports Fourth Quarter and Year End 2019 Financial Results

B.O.S. Better Online Solutions - Ordinary Shares (BOSC) 
US:NASDAQ Investor Relations: group.hugoboss.com/en/investor-relations
Company Research Source: GlobeNewswire
RISHON LE ZION, Israel, March 31, 2020 (GLOBE NEWSWIRE) -- BOS Better Online Solutions Ltd. ("BOS" or the "Company") (NASDAQ: BOSC), a global provider of intelligent systems and services for production and logistics, reported its financial results for the fourth quarter and full year ended December 31, 2019. Revenues for the fourth quarter and the year 2019 amounted to $9.4 million and $33.8 million, respectively. The Company’s recent guidance for the year 2019 revenues was $33.0 million. In comparison, revenues for the fourth quarter and the year 2018 amounted to $9.1 million and $32.7 million, respectively. Net loss for the fourth quarter and the year 2019 amounted to $335,000 and $913,000, respectively. In the fourth quarter and for the year 2019, we recorded an intangible assets write-off and acquisition expenses, both related to the Robotics business, of $370,000 and $1.1 million, respectively. Non-GAAP net income for the fourth quarter and the year 2019 amounted to $183,000 Show less Read more
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