B.O.S. Better Online Solutions Down 7.95% To $2.20 After Earnings

BOS Better Online Solutions Ltd (BOSC) beat out earnings estimates for Q3 2022 this morning.

B.O.S. Better Online Solutions reported EPS of $0.05. Profits rose 150% year-over-year after reporting an EPS of $0.02 in its year-ago quarter. The positive growth rate signals that the Technology company is performing well amid recent economic conditions.

Revenues were upbeat at $9 million. That revenue figure is an increase of 13.09% from the year ago quarter.

The stock is down 7.95% to $2.20 after the report.

The firm's lower revenue growth to earnings signals that the firm has been able to reduce costs and improve its profit margin overall.

Trading in the five days leading up to the report earned B.O.S. Better Online Solutions a Neutral Sentiment Rank from InvestorsObserver.

B.O.S. Better Online Solutions has performed a little below average during the past few months. Before the report, B.O.S. Better Online Solutions received a Long-Term Technical Rank by InvestorsObserver of 42, putting it in the bottom half of stocks. The firm set a 52-week low on April 13, 2022 at $1.82 and set a 52-week high on November 30, 2021 at $3.55.

BOS Better Online Solutions Ltd is a provider of Intelligent Robotics and Supply Chain solutions for enterprises and manages its business in three reportable divisions: the Intelligent Robotics segment, the RFID Division segment, and the Supply Chain Solutions segment. The Supply Chain Solutions division distributes electro-mechanical components, mainly to customers in the aerospace, defense and other industries and a supply chain service provider for aviation customers that seek a comprehensive solution to their components-supply needs. The Intelligent Robotics and RFID division provides comprehensive turn-key solutions for Automatic Identification and Data Collection (AIDC), combining a mobile infrastructure with a software application of manufacturers.