Business Context and Reporting Period
This Form 6-K filing by B.O.S. Better Online Solutions Ltd. (NASDAQ: BOSC) covers the month of July 2010. The company is a leading provider of RFID and Supply Chain solutions, serving over 2,000 customers globally with turnkey integration services, hardware, middleware, and industry-specific software applications.
Key Financial Metrics
The filing text does not provide specific financial values for revenue, profit, cash flow, margins, debt, or liquidity. This report serves as a notification of upcoming results rather than a financial statement.
Material Changes and Operational Updates
- New Contract Award: BOS was selected by Plasan Sasa Ltd., a preferred armor supplier for the Israeli Defense Forces, for a data collection and traceability project.
- Project Scope: The solution utilizes BOS ID software, mobile terminals, and scanners to integrate with Plasan's PLC and Oracle-based ERP systems to optimize production floor data collection.
- Deployment Timeline: The project is expected to be fully deployed by the end of 2011.
Guidance, Outlook, and Management Commentary
- Financial Results Announcement: BOS will release Second Quarter 2010 financial results on Wednesday, August 11, 2010, before the market opens.
- Conference Call: A teleconference is scheduled for August 11, 2010, at 10:30 a.m. EDT.
- Impact of New Contract: Management stated that the Plasan project will not have a significant effect on 2010 financial results but represents the beginning of a long-term relationship and demonstrates the potential of the BOS ID platform.
Investor Verification Checklist
- Verify the actual Q2 2010 financial results when released on August 11, 2010.
- Monitor the deployment progress of the Plasan project for potential revenue recognition in 2011.
- Review the company's website for the replay of the August 11 conference call for detailed management commentary.