BOS Better Online Solutions Discloses Passive Investor Stake

BOS Better Online Solutions Ltd BOSC SEC filing disclosed a 10.1% stake by capital market company Janney Montgomery Scott.
BOS is a provider of Intelligent Robotics and Supply Chain solutions for enterprises.
Janney Montgomery Scott had acquired 524,481 shares, representing a 10.1% stake in the 5.2 million shares outstanding on March 15, 2021.
In August, BOS reported second-quarter FY21 revenue growth of 23.4% year-on-year to $9.2 million.
BOS reported a positive EPS of $0.03. The gross margin expanded 560 bps to 17.3%.
BOS reiterated FY21 revenue guidance of over $33 million and a net profit of above $1 million.
Price Action: BOSC shares closed higher by 0.63% at $3.19 on Friday.