B.O.S. Better Online Solutions Ltd. (BOSC), a company founded in 1990 and headquartered in Rishon LeZion, Israel, delivers comprehensive intelligent robotics, radio ...
B.O.S. Better Online Solutions Ltd. (NASDAQ: BOSC) is an Israel-headquartered provider of enterprise automation and identification technologies focused on helping customers improve production and logistics execution. Founded in 1990 in Rishon LeZion, the company operates primarily through three integrated lines of business: Intelligent Robotics, RFID (radio frequency identification) / AIDC ...B.O.S. Better Online Solutions Ltd. (NASDAQ: BOSC) is an Israel-headquartered provider of enterprise automation and identification technologies focused on helping customers improve production and logistics execution. Founded in 1990 in Rishon LeZion, the company operates primarily through three integrated lines of business: Intelligent Robotics, RFID (radio frequency identification) / AIDC solutions, and a Supply Chain division that supports sourcing, distribution, and inventory/quality management of electro-mechanical and electronic components.
In its Intelligent Robotics division, BOSC designs and builds custom-engineered equipment used in industrial automation—particularly systems that support product assembly and packaging workflows. These solutions are typically tailored to the physical and process needs of a customer’s production environment, positioning BOSC as a systems integrator for specific manufacturing tasks rather than a purely off-the-shelf equipment vendor.
The RFID segment is the core of BOSC’s technology platform. It supplies hardware for data capture and identification—such as thermal and barcode printing devices, RFID and barcode scanning equipment, and wireless/mobile terminals (including solutions for forklift environments). BOSC also provides RFID tags (active and passive) and related consumables (for example, ribbons and labels). Beyond devices, the company delivers RFID systems and software-oriented capabilities, including a proprietary Warehouse Management System designed to optimize logistics operations in distribution centers and warehouses. It also offers specialized data collection for environments such as libraries, as well as solutions that support monitoring and tracking across industrial packaging lines, production processes, and transportation-related use cases.
BOSC’s RFID offerings extend to lifecycle services, including maintenance and repair for installed data collection hardware, flexible service/contract models, on-site inventory counts, and asset tagging and verification for both corporate and governmental clients.
The Supply Chain division complements the technology stack by providing sourcing and distribution of components and communication-related products. It emphasizes component consolidation, inventory and quality-control management, and ongoing inventory management services—often serving demanding sectors such as aerospace, defense, and other industrial customers where parts traceability, quality assurance, and project-based procurement are critical.
From a go-to-market perspective, BOSC sells through multiple channels, including direct sales, authorized sales agents, and a distributor network. Financially, the provided market data indicates a relatively small capitalization (market cap roughly in the tens of millions of USD) and modest profitability metrics typical of a niche technology/automation provider, with an estimated market price around the low single-digit USD range at the time of the snapshot. The company’s operating focus suggests that revenues are supported by a mix of product sales (hardware, tags/consumables), project/system deployments, and recurring service and support revenue. CEO is Eyal Cohen, and the company employs about 84 full-time employees, reflecting a lean operating model for a specialized systems and solutions business.
YoYYoY means Year-over-Year. It compares the latest annual value with the previous annual value to show long-term trend strength.
QoQQoQ means Quarter-over-Quarter. It compares the latest quarter with the immediately previous quarter to show short-term momentum changes.
RevenueThe total money that came through the front door from selling things, before paying a single bill. Think of it as the grand total of every credit card swipe from customers. (YoY compares this year to last year's performance, while QoQ compares the current three months to the previous three).
$50.6M
+26.6%
+30.4%
Net IncomeThe absolute bottom line. If the company paid every single supplier, employee, banker, and tax collector, this is the actual money left in their pocket at the end of the day.
$3.6M
+57.0%
+78.4%
Gross MarginThe basic markup. If they sell a $100 pair of sneakers, this percentage tells you how much of that price tag is profit right after paying for the rubber and shoelaces, but before paying for things like store rent or TV commercials.
+23.9%
+2.6%
-7.7%
Operating MarginThe 'day job' efficiency score. Out of every dollar a customer spends, this shows how many cents the company keeps after making the product AND paying for all the everyday corporate overhead (like salaries, marketing, and keeping the lights on).
+8.1%
+24.2%
+23.4%
Net MarginThe final take-home percentage. When you strip away every conceivable cost, tax, and interest payment, this is the exact number of cents the company truly gets to keep from every dollar in sales.
+7.1%
+24.0%
+36.8%
Free Cash FlowThe holy grail of corporate cash. It's the spendable, physical money left over after the business pays for its daily operations AND buys the big, expensive upgrades (like new factories or servers) it needs to survive. This is the 'free' money they can use to pay dividends or buy back stock.
$4.6M
+492.8%
—
FCF MarginThe ultimate cash conversion rate. It shows how good the company is at turning regular sales directly into cold, hard, spendable cash. A high percentage means the business is an absolute cash-printing machine.
+9.1%
+368.3%
—
Debt / EquityThe financial risk gauge. It compares how much of the company's empire was built using borrowed money (loans) versus the owners' own money (shareholders). A high number means they are heavily leveraged and playing a riskier game; a low number means they are playing it safe.
9.6%
-5.3%
-0.5%
Current RatioThe 12-month survival check. It simply compares the cash they have right now (plus things they can quickly turn into cash) against the immediate bills they absolutely must pay this year. A score above 1 means they have enough in the wallet to cover the upcoming bills without panicking.
2.70x
+18.0%
-3.9%
Total AssetsThe absolute size of the company's empire. It bundles together absolutely everything of value they own—from the cash in the register and the inventory in the warehouse, to the software patents in the vault and the factories on the ground.
Unknown Attendee: Ladies and gentlemen, welcome to B.O.S. Q2 Investor Summit. Thank you for joining us today. Before we begin, a brief reminder that this call contains forward-looking statements relating to B.O.S.' business, financial condition and results of operations. These statements are subject to risks and uncertainties that could cause actual results to differ materially from those anticipated. Such statements include, but are not limited to, matters relating to product demand, pricing, market acceptance, economic conditions and technology development as further detailed in the company's filings with the various securities authorities. Before I turn things over to management, I would like to give a brief recap of the results we just released. The growth momentum continued. Second quarter 2026 revenue grew 29% year-over-year, helping offset a softer first quarter of 2026 and bringing trailing 12-month revenue to the same level as our record 2025 revenue. We anticipate that full year 2026 revenue will exceed full year 2025 revenue. Our backlog remained at a record $31 million as of the end of the second quarter of 2026. Approximately $20 million of the backlog is scheduled for delivery by year-end. Together with first half revenue, this amount represents approximately 91% of our full year 2025 revenue. Despite the increase in our operating expenses due to the dollar's devaluation, we believe we will offset this through revenue growth and improved gross profit margins. As a result, we expect net income for full year 2026 to exceed $3.6 million we achieved in year 2025. Our balance sheet is solid. Shareholders' equity stands at $30.9 million and cash stands at $10 million. That gives us the flexibility to capitalize on organic and M&A opportunities. B.O.S. is a company with a growing backlog, accelerating revenues, a clean balance sheet and exposure to some of the strongest structural trends in the global economy, defense spending, automation and supply chain modernization. And yet, B.O.S. currently has a market capitalization of approximately $31 million and its enterprise value, market cap less cash is approximately $21 million. For comparison, the Russell Microcap Index trades at approximately 2x book value versus B.O.S. trades 1x book value. Russell Microcap Index price-to-earnings ratio of roughly 16x compared to our roughly 9x. Thank you for watching. Now I will turn the call over to Eyal Cohen, CEO.
Eyal Cohen: Good morning. Great to see you again in our quarterly conference. Joining me today is Moshe, our Chief Financial Officer. I'm pleased to see strong participation today, including many new names following the recent virtual conferences we participated during May, June and July. Let me start by sharing a few thoughts on how the business is progressing. I'm very pleased with our financial performance, financial position, management team, Board members and the growth opportunities in front of us. This has given us the confidence to …
