RISHON LEZION, Israel, Nov. 9, 2010 (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 third quarter, which ended September 30, 2010.

Highlights of the third quarter 2010 results:
  1. Revenues amounted to $9.4 million, reflecting a 16% growth compared to the same quarter last year.
  2. Operating profit amounted to $229,000, compared to an operating loss of $2.5 million in the same quarter last year.
  3. EBITDA amounted to $579,000 compared to a negative EBITDA of $2.2 million in the same quarter last year.
  4. Net profit amounted to $10,000, compared to net loss of $2.7 million in the same quarter last year. This is the second consecutive quarter in 2010 that the Company has posted a net profit, and the third consecutive quarter it has posted an operating profit.
  5. Net profit (excluding amortization of intangible assets and stock based compensation) was $363,000, compared to a net loss of $2.4 million in the same quarter last year.   
  6. Positive cash flows from operating activities in the amount of $560,000 compared to $942,000 in the same period last year.
  7. Backlog as of September 2010 amounted to $11.2 million as compared to $9.9 million in September last year.

Highlights of the first nine months 2010 results:
  1. Revenues amounted to $29.2 million, reflecting a 16% growth compared to the same period last year.
  2. Operating profit amounted to $1 million, compared to an operating loss of $4.9 million in the same period last year.
  3. EBITDA amounted to $1.8 million compared to a negative EBITDA of $2.85 million in the same period last year.
  4. Net profit amounted to $25,000, compared to net loss of $5.8 million in the same period last year.
  5. Net profit (excluding amortization and impairment of intangible assets and stock based compensation) was $852,000, compared to a net loss of $3.8 million in the same quarter last year.
  6. Positive cash flows from operating activities in the amount of $854,000 compared to negative cash flows of $624,000 in the same period last year.

Yuval Viner, BOS CEO, stated: "We are very pleased with the continuing trend of improved results for the third consecutive quarter in 2010. Despite the seasonality of the third quarter, we achieved a net profit in the bottom line and expect growth in revenues and profits in 2011, as we focus on our profit-making activities."