Better Online Solutions Backlog Rises 29% to $31M as Indian Orders Hit $3.3M
BOSC•BOSC Q1 backlog rose 29% to $31m and Indian orders surged to $3.3m from $172k as gross margin climbed to 24.9%. Management is hedging USD/NIS on the balance sheet and raising sales prices to offset currency devaluation while funding growth through acquisitions and efficiency improvements.
1. Strong Q1 Backlog and Indian Market Expansion
BOSC's backlog increased 29% year-over-year to $31 million in Q1 2026, driven primarily by long-term supply chain orders, while Indian market sales jumped to $3.3 million from $172,000 a year earlier.
2. Currency Pressure and Hedging Strategy
The depreciation of the US dollar against the Israeli shekel is pressuring profitability, prompting management to hedge on the balance sheet and implement targeted sales price increases to maintain gross profit margins.
3. Financial Flexibility for Acquisitions
With $29 million in shareholders' equity and $9.5 million in cash net of loans, BOSC is positioned to pursue acquisitions focused on profitability and operational synergies to drive long-term growth.
4. Margin Expansion and Market Diversification
Gross profit margin rose to 24.9% from 23.9%, and the company is preparing to enter the drone market and expand RFID applications into healthcare, leveraging its defense and supply chain solutions expertise.
