Reports Q3 revenue $9.83M vs. 9.81M last year. Eyal Cohen, BOS’ CEO, stated: “We are pleased with our Q3 and nine-month results, which highlight improved profitability driven primarily by enhanced operational efficiency and higher product mix margins. However, we now anticipate falling short of our projected $46M annual revenue target, and expect to close 2024 with approximately $40M in revenues. This shortfall stems largely from the delay in the delivery of customer orders, which we had anticipated for completion before year-end.”
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on BOSC:
- BOS Better Online Solutions secures $2.7M defense sector order
- BOS Better Online Solutions receives $500,000 order from customer in India
- BOS Announces Annual General Meeting and Key Votes
- BOS Solutions Reports Mid-Year Financials
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
