B.O.S. Better Online Solutions Ltd. (BOSC) Thursday reported a loss for the first quarter compared to a profit last year, due mainly to lower revenues.
The Israel-based RFID and Supply Chain solutions provider reported a first-quarter net loss of $306 thousand or $0.07 per share, compared to a net profit of $34 thousand or $0.01 per share last year.
Adjusted loss for the quarter was $185 thousand compared to an adjusted profit of $334 thousand in the prior-year quarter.
Total revenues for the quarter dropped to $7.05 million from $9.14 million in the prior-year quarter.
Looking ahead, the company expects an adjusted profit for fiscal 2012.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.