B.O.S. Better Online Solutions Ltd. (BOSC) has reported a 2.34 percent rise in profit for the quarter ended Dec. 31, 2016. The company has earned $0.22 million, or $0.08 a share in the quarter, compared with $0.21 million, or $0.10 a share for the same period last year. On an adjusted basis, net profit for the quarter was $0.28 million, when compared with $0.31 million in the last year period.

Revenue during the quarter dropped 8.12 percent to $6.78 million from $7.38 million in the previous year period. Gross margin for the quarter expanded 43 basis points over the previous year period to 21.19 percent. Total expenses were 95.40 percent of quarterly revenues, down from 96.35 percent for the same period last year. This has led to an improvement of 96 basis points in operating margin to 4.60 percent.

Operating income for the quarter was $0.31 million, compared with $0.27 million in the previous year period.

Yuval Viner, chief executive officer, stated: "I am pleased to have met our public forecast for the year 2016, which was an increase in our revenues and in our net profit, as compared to 2015. Our outlook for year 2017 is a net profit of $0.5 million and further growth in revenues as compared to year 2016. In the beginning of 2016, we acquired the business of iDnext and its subsidiary, Next-Line. This allowed us to expand our advanced logistic solutions in the field of Automatic Identification Data Collection. Since the acquisition, we have invested substantial amount of working capital and managerial resources in the integration process. We are pleased with the resulting synergies, but there is still work to be done in order to improve the performance of this business."