• The Four Hundred
  • Subscribe
  • Media Kit
  • Contributors
  • About Us
  • Contact
Menu
  • The Four Hundred
  • Subscribe
  • Media Kit
  • Contributors
  • About Us
  • Contact
  • BOS Reduces Its Losses in the Third Quarter, Affirms 2006 Guidance

    December 4, 2006 Timothy Prickett Morgan

    Midrange connectivity software and thin client vendor Better Online Solutions continues to make progress in getting its top and bottom lines moving in the same direction after restructurings earlier this year.

    For the third quarter ended September 30, BOS reported sales of $5.3 million, down 6 percent, and a gross profit of $1.1 million, down 39 percent. These results do not include the effects of several divestitures that BOS made earlier this year. For the quarter, BOS still booked a net loss of $394,000, but that was a far cry better than the $1.7 million net loss it had a year ago.

    Edouard Cukierman, chairman of the board at BOS, said that the company still expected that it would exceed $20 million in sales for the full 2006 year, and that it would be near break-even on its results, not including the effects of any potential mergers and acquisitions. Shmuel Koren, the newly appointed president and chief executive officer at BOS, took over on November 1. “We are moving ahead with our contemplated rights offering, which will support our efforts to expand our divisions and consummate acquisition opportunities,” Koren said in a statement. “I am optimistic regarding our prospects and look forward to leading the execution of the company’s strategy towards enhancing shareholders’ value.”

    BOS announced in October that it would offer $5.5 million in shares and warrants on the Tel Aviv Stock Exchange to raise capital. The company currently has $5.8 million in debt (long term and short term added together) and has $2.8 million in cash and equivalents in the bank.

    RELATED STORIES

    BOS to Offer $5.5 Million in Shares on the Tel Aviv Stock Exchange

    BOS CEO Steps Down, Company Brings in Outsider Replacement

    Better On-line Solutions Reports Mixed Results in Q2

    Revenues Down in Fiscal Q1 at Better Online Solutions After Divestitures

    Share this:

    • Reddit
    • Facebook
    • LinkedIn
    • Twitter
    • Email

    Tags: Tags: mtfh_rc, Volume 15, Number 48 -- December 4, 2006

    Sponsored by
    New Generation Software

    Modernizing? Let’s Talk about Data Access

    If you’re studying IBM i modernization, you know there are big decisions and new skills to acquire. While you prepare, don’t sleep on the big win within your grasp when you empower authorized users with a modern query, visualization, and analytics solution.

    With NGS-IQ, you can modernize IBM i data access without programming. RSVP and attend our February 15, 2023, webinar. See a demo and learn about our low-cost licensing options, tech support, maintenance, and education.

    www.ngsi.com – 800-824-1220

    Share this:

    • Reddit
    • Facebook
    • LinkedIn
    • Twitter
    • Email

    Using Different ODBC DSN Types for i5 Access Easily Calculating Statistical Functions

    Leave a Reply Cancel reply

TFH Volume: 15 Issue: 48

This Issue Sponsored By

    Table of Contents

    • Gartner Predicts Half of Data Centers Will Run Out of Power by 2008
    • Disk Array Sales Keep Revving in Q3, Says IDC
    • The System iWant, 2007 Edition
    • IBM Breaks Through 2,500 Linux Applications on Power Chips
    • PwC Consultants Predict an IT Talent Shortage
    • BOS Reduces Its Losses in the Third Quarter, Affirms 2006 Guidance
    • Saving the System i: Fight Rather Than Switch
    • The System iWant, 2007 Edition
    • The X Factor: You Can’t Steal What’s Free, But You Can Pay a Lot for Something That Isn’t Worth It
    • PwC Consultants Predict an IT Talent Shortage

    Content archive

    • The Four Hundred
    • Four Hundred Stuff
    • Four Hundred Guru

    Recent Posts

    • N2i Gains Traction Among IBM i Newbies
    • Realizing The Promise Of Cross Platform Development With VS Code
    • 2023 IBM i Predictions, Part 3
    • Four Hundred Monitor, January 25
    • Join The 2023 IBM i Marketplace Survey Webinar Tomorrow
    • It Is Time To Have A Group Chat About AI
    • 2023 IBM i Predictions, Part 2
    • Multiple Vulnerabilities Pop Up In Navigator For i
    • Participate In The 2023 IBM i Marketplace Survey Discussion
    • IBM i PTF Guide, Volume 25, Number 4

    Subscribe

    To get news from IT Jungle sent to your inbox every week, subscribe to our newsletter.

    Pages

    • About Us
    • Contact
    • Contributors
    • Four Hundred Monitor
    • IBM i PTF Guide
    • Media Kit
    • Subscribe

    Search

    Copyright © 2022 IT Jungle

    loading Cancel
    Post was not sent - check your email addresses!
    Email check failed, please try again
    Sorry, your blog cannot share posts by email.