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B.O.S. Announces Net Profit From Continued Operations In Fourth Quarter And Annual 2010 Results

RISHON LEZION, Israel, March 22, 2011 (GLOBE NEWSWIRE) -- B.O.S. Better Online Solutions Ltd. (the "Company", "BOS") (Nasdaq:BOSC), a leading Israeli provider of RFID and supply chain solutions to global enterprises, today reported its financial results for the fourth quarter and for the year ended December 31, 2010.

Highlights of fourth quarter 2010 results from continuing operations:

  1. Revenues grew by 24% to $7.8 million, up from $6.3 million in the same quarter last year.
  2. Operating income amounted to $264,000, compared to an operating loss of $2 million in the same quarter last year. This is the fourth consecutive quarter in 2010 that BOS has posted an operating income.
  3. EBITDA amounted to $453,000, compared to a negative EBITDA of $1.7 million in the same quarter last year.
  4. Net income amounted to $84,000, compared to a net loss of $2.9 million in the same quarter last year. This is the third consecutive quarter in 2010 that BOS has posted a net profit.
  5. Net income (excluding amortization of intangible assets and stock-based compensation) amounted to $289,000, compared to a net loss of $2.5 million in the same quarter last year.

Highlights of annual 2010 results from continuing operations:

  1. Revenues grew by 18% to $30.2 million, up from $25.5 million in the same period last year.
  2. Operating income amounted to $1.3 million, compared to an operating loss of $4.7 million in the same period last year.
  3. EBITDA amounted to $2.1 million, compared to a negative EBITDA of $3.1 million in the same period last year.
  4. Net profit amounted to $171,000, compared to a net loss of $6 million in the same period last year.
  5. Net profit (excluding amortization and impairment of intangible assets and stock based compensation) was $1.0 million, compared to a net loss of $4.5 million in the same period last year.
  6. Positive cash flows from operating activities amounted to $1.5 million, compared to $21,000 in the same period last year.

Review of annual 2010 results from discontinued operations

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