BOS lifts full-year revenue guidance on 29% surge in order backlog

BOS (NASDAQ:BOSC) lifted its full-year revenue outlook for 2026, pointing to a sharp expansion in order backlogs across its technology and industrial divisions despite recording a top-line decline for the first quarter.

The company generated revenue of $11.4 million for the three months ended March 31, compared with $15 million in the first quarter of 2025.

Management noted that the prior-year period benefited from a tough comparison, as it included a large, one-time shipment deal valued at $2.5 million.

For the quarter, BOS generated a gross profit of $2.8 million, yielding a gross margin of 24.9%.

Net income for the period landed at $765,000, or $0.11 per basic share.

Despite the softer sequential top line, operational momentum accelerated, pushing the company's total order backlog up 29% year-over-year to a robust $31 million.

Based on this volume of secured business, BOS revised its full-year 2026 financial targets upward.

The company now expects total annual revenue to surpass its previously stated milestone target of $51 million.

Concurrently, management reiterated its full-year net income guidance of $3.6 million, signaling confidence in sustained profit conversion for the remainder of the fiscal year.

The company's backlog gains are being reinforced by a series of geographic and product expansions.

During the quarter, BOS expanded its market footprint in India and finalized an agreement to secure 100% of the profit rights in its specialized wire products joint venture.

In tandem, the firm is intensifying the integration of its proprietary radio-frequency identification (RFID) tracking technologies within Israel's defense sector, targeting specialized logistics and security infrastructure demands.