Reports revenue $10.9M vs. $11.3M last year. Eyal Cohen, BOS’ CEO, stated: “We are pleased with the financial results of year 2023, which reflect net income of $2 million, above our expectation of $1.5 million. “The fourth quarter results of 2023 were weak as compared to those of the fourth quarter of 2022 due to the war that started in October 2023. However, during the first quarter of 2024, the business environment in Israel has begun to recover. In addition, most of our business is linked to the Israeli defense market that has been showing increased demand. We therefore expect that in 2024 our revenues will grow to $46 million from $44.2 million in 2023 and our net income shall increase to $2.2 million from $2 million in 2023.”
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