BOS Boosts FY22 Revenue Guidance Reflecting Growing Defense Demand

BOS Better Online Solutions BOSC raised its outlook for 2022 revenues from $35 million to over $39 million.
Eyal Cohen, BOS' CEO, stated: "We are updating our outlook based on the revenues for the first half of the year 2022, which amounted to $21.1 million, and the current backlog. This is an increase of more than 16% as compared to the year 2021 revenues. This reflects the growing demand for electronic components, mainly in the defense industry (our Supply Chain division), and investments in inventory tracking equipment for logistic centers (our RFID division)."
In September, BOS Better Online Solutions bagged an order for $2.7 million from an Israeli defense-industry customer.
BOS provides services and systems for inventory production and management in three channels.
Price Action: BOSC shares traded higher by 6.04% at $2.27 on the last check Monday.