The following is a summary of the B.O.S. Better Online Solutions Ltd. (BOSC) Q4 2023 Earnings Call Transcript:
Financial Performance:
B.O.S. reported significant growth year-over-year with revenue growing from $33.6 million in 2021 to $44.2 million in 2023.
Profitability also improved dramatically as EBITDA surged from below $1 million in 2021 to over $3 million in 2023.
Shareholders' equity nearly doubled while total assets grew slightly over a two-year span.
Business Progress:
The Supply Chain Division broadened the range of electronic manufacturers it represents and bolstered its salesforce, actions that are forecasted to propel revenue growth in 2024.
The Intelligent Robotics division is banking on its transition from the civilian to the defense sector to significantly contribute to the company's growth in 2024.
B.O.S envisions a 10% increase in net income to $2.2 million in 2024 and intends to extend the RFID Division's operations to the retail store.
More details: BOS Better Online Solutions IR
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.