Q4 2025 BOS Better Online Solutions Ltd Earnings Call Transcript
Key Points
- BOS Better Online Solutions Ltd (BOSC) achieved a record revenue of $51 million in 2025, marking a 27% year-over-year growth.
- Net income increased by 57% year-over-year to a record $3.6 million, showcasing the company's ability to drive profitable growth.
- The company has a substantial contracted backlog of $24 million, providing good visibility into future revenue streams.
- BOSC is expanding its geographic reach by appointing an Indian company to represent it in the Indian market, a strategic move to tap into the growing defense subcontracting hub.
- The company's financial foundation is strong, with cash and equivalents growing to $11.8 million and shareholders' equity increasing to almost $29 million.
- The ongoing geopolitical tension in Israel has negatively impacted the RFID division, leading to goodwill impairment charges of $700,000 in 2024 and $1.2 million in 2025.
- The USD to Israeli shekel exchange rate has resulted in an expected increase of $600,000 in Israeli shekel-denominated operating expenses for 2026.
- The company recognized $800,000 in non-recurring currency exchange income in 2025 due to the dollar's weakness, which is not expected to repeat in 2026.
- Despite strong performance, BOSC's stock is trading near book value, significantly undervalued compared to the Russell 2000 index.
- The guidance for 2026 projects flat revenue and net income compared to 2025, reflecting a conservative outlook amidst geopolitical uncertainties.
Good morning, and thank you for making the time to join our full-year 2025 results call.
Joining me is Mr. Moshe Zelzer, our Chief Financial Officer.
And I am pleased to report that '25 was an outstanding year for both on multiple metrics, and I am grateful to our team for the hard work and commitment in achieving these results.
We delivered strong revenue growth throughout the year, setting multiple record quarters and increasing our outlook three times.
Ultimately, we completed the year '25 growing 27% year-over-year to a record $51 million in revenues.
And our net income grew year-over-year by 57% to a record $3.6 million, demonstrating our ability to drive profitable growth leverage in our model.
Even with this growth, we exited the year with a substantial contracted backlog of $24 million, giving us good visibility into the year ahead.
Looking forward. I want to share the key terms that will shape our trajectory in 2026.
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