Bos Better Online Solutions Ltd 6-K, filed Apr 26, 2022
Bos Better Online Solutions Ltd (BOSC)
About this 6-K
Bos Better Online Solutions Ltd filed this 6-K on April 26, 2022.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6 - K
Report of Foreign Private Issuer
Pursuant to Rule 13a - 16 or 15d -16
Under the Securities Exchange Act of 1934
For the Month of April 2022
Commission file number 001-14184
B.O.S. Better Online Solutions Ltd.
(Translation of Registrant's Name into English)
20 Freiman Street, Rishon LeZion, 7535825, Israel
(Address of principal executive office)
Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.
Form 20-F ☒ Form 40-F ________
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ___________
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ___________
B.O.S. Better Online Solutions Ltd.
The Press Release that is attached to this Form 6-K, is hereby incorporated by reference into all effective Registration Statements filed by us under the Securities Act of 1933, as amended, to the extent not superseded by documents or reports subsequently filed or furnished.
The following exhibit is attached:
| 99.1 | Press Release: BOS Reports a 60% Growth in Orders Received in the First Quarter of the Year 2022. |
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Signature
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this Report to be signed on its behalf by the undersigned, thereunto duly authorized.
| B.O.S. Better Online Solutions Ltd. | ||
| (Registrant) | ||
| By: | /s/ Moshe Zeltzer | |
| Moshe Zeltzer | ||
| Chief Financial Officer | ||
Dated: April 26, 2022
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EXHIBIT INDEX
| EXHIBIT NO. | DESCRIPTION | |||
| 99.1 | Press Release: BOS Reports a 60% Growth in Orders Received in the First Quarter of the Year 2022. | |||
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Exhibit 99.1
BOS Reports a 60% Growth in Orders Received in the First Quarter of the Year 2022
RISHON LE ZION, Israel, April 26, 2022 (GLOBE NEWSWIRE) -- BOS Better Online Solutions Ltd. ("BOS" or the "Company") (NASDAQ: BOSC) announced today that orders received during the first quarter of 2022 reached a record amount of $13.8 million. This reflects an increase of 60% over the dollar amount of orders in the comparable period of last year. Most of the orders are for delivery in the year 2022.
Eyal Cohen, BOS’ CEO, stated: “This growth in orders is organic and does not include orders attributed to the acquisition of the assets of Dagesh, which we completed on March 1, 2022.
The growth is a result of:
a) An increased demand for the Supply Chain division’s products and services from customers in the defense and aviation industries;
b) Expansion in the number of logistic centers opened in Israel, which increased the demand for the RFID division’s products and services”.
About BOS
BOS provides services and systems for inventory production and management in three channels:
| · | Services – The Supply Chain division provides inventory procurement and kitting. |
| · | Integration – the RFID division provides off-the-shelf software and equipment to track and manage inventory in the production floor and warehouse. |
| · | Development – the Intelligent Robotics division develops and builds custom-made robotic cells for industrial and logistic processes. |
Contact: Eyal Cohen, CEO
+972-542525925 | eyalc@boscom.com
Safe Harbor Regarding Forward-Looking
Statements
The forward-looking statements contained herein reflect management's current views with respect to future events and financial performance. These forward-looking statements are subject to certain risks and uncertainties that could cause the actual results to differ materially from those in the forward-looking statements, all of which are difficult to predict and many of which are beyond the control of BOS. These risk factors and uncertainties include, amongst others, the dependency of sales being generated from one or few major customers, the uncertainty of BOS being able to maintain current gross profit margins, inability to keep up or ahead of technology and to succeed in a highly competitive industry, failure to successfully integrate and achieve the potential benefits of the acquisition of the business operations of Imdecol Ltd. (the Robotics business line) and Dagesh Inventory Counting and Maintenance Ltd., inability to maintain marketing and distribution arrangements and to expand our overseas markets, uncertainty with respect to the prospects of legal claims against BOS, the effect of exchange rate fluctuations, general worldwide economic conditions, military and political upheavals, the impact of the COVID-19 virus and continued availability of financing for working capital purposes and to refinance outstanding indebtedness. Additional risks and uncertainties are detailed in BOS' periodic reports and registration statements filed with the US Securities and Exchange Commission. BOS undertakes no obligation to publicly update or revise any such forward-looking statements to reflect any change in its expectations or in events, conditions or circumstances on which any such statements may be based, or that may affect the likelihood that actual results will differ from those set forth in the forward-looking statements.