BOS Better Online Solutions reports a 24.8% rise in Q3 profit despite forecasting a $40 million revenue shortfall for 2024.

Israeli tech company BOS Better Online Solutions reported a 24.8% rise in operating profit to $551,000 for Q3 2024, with revenues at $9.83 million, flat compared to last year. Despite forecasting a revenue shortfall of around $40 million for 2024 due to delayed customer orders, the company is on track to meet its net income target of $2.2 million. CEO Eyal Cohen highlighted strong growth prospects in the defense sector, where the company has seen a 15% increase in its backlog to $23 million.

November 27, 2024
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