BOS Better Online Solutions (BOSC) has released an update.
BOS Better Online Solutions Ltd. reported a steady net income of $1.2 million for the first half of 2024 and a slight decrease in revenues by 16% compared to the previous year. Despite initial revenue dips due to reduced defense sector inventory, a resurgence in demand is indicated by $5.4 million in new orders since the start of Q3. The company also improved its gross profit margin and reduced operating expenses, maintaining a positive outlook for the year with projected revenue and net income increases.
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