B.O.S. Better Online Solutions Reports Financial Results for the Fourth Quarter and Fiscal Year ended December 31, 2016
B.O.S. Better Online Solutions - Ordinary Shares (BOSC)
US:NASDAQ Investor Relations:
group.hugoboss.com/en/investor-relations
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Source: GlobeNewswire
RISHON LEZION, Israel, March 21, 2017 (GLOBE NEWSWIRE) -- B.O.S. Better Online Solutions Ltd. (the "Company", "BOS") (Nasdaq:BOSC), a leading Israeli provider of RFID and Mobile solutions and a global provider of Supply Chain solutions to enterprises, today reported its financial results for the Fourth quarter and fiscal year ended December 31, 2016. Highlights of Year 2016 results: Net income of $360,000 in year 2016 as compared to a net income of $334,000 in year 2015.Revenues grew by 7% to $27.5 million in year 2016 from $25.6 million in year 2015.Net income, on a non-GAAP basis in year 2016 amounted to $571,000 as compared to $576,000 in year 2015.EBITDA in year 2016 amounted to $1.1 million as compared to $1 million in year 2015. Highlights for the fourth quarter 2016 results: Net income amounted to $219,000 as compared to $214,000 in the comparable quarter last year.Revenues amounted to $6.8 million as compared to $7.4 million in the comparable quarter last year.Net income
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