NEW YORK (TheStreet) -- B.O.S. Better Online Solutions (BOSC) - Get Report stock is soaring 100% to $4.34 on heavy trading volume early Tuesday afternoon after reporting 2016 first quarter financial results.
Before the market open, the Israel-based provider of automatic identification and data capture (AIDC) mobility solutions reported profit of $314,000 vs. $33,000 a year ago.
Revenues rose 38% year-over-year to roughly $8.1 million for the most recent period.
Within the company's supply chain division, revenues grew 28% to $4.6 million in the first quarter, driven by sales to customers in the Far East and to the Israeli defense industry, CEO Yuval Viner said in a statement.
RFID and mobile solutions revenues increased 54% to $3.5 million, as demand from existing customers strengthened for new and existing logistic centers.
"Our outlook for the year 2016 is an increase in revenues and in profits as compared to 2015," Viner noted.
About 11.87 million shares have been traded so far today, well above the company's average trading volume of roughly 10,269 shares per day.
Separately, TheStreet Ratings team rates the stock as a "hold" with a ratings score of C.
B.O.S. Better Online Solutions' strengths such as its revenue growth, impressive record of earnings per share growth and compelling growth in net income are countered by weaknesses including poor profit margins and a generally disappointing performance in the stock itself.
You can view the full analysis from the report here: BOSC
TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this article's author.