Exhibit 99.1

BOS Reports Financial Results for the Fourth Quarter and the Year 2021

RISHON LE ZION, Israel, March 30, 2022 – BOS Better Online Solutions Ltd. (“BOS” or the “Company”) (NASDAQ: BOSC) reported financial results for the fourth quarter and the year 2021.

Eyal Cohen, BOS’s CEO, stated: “We have made positive progress in the year 2021, although revenues were roughly the same as in the year 2020:

● Gross profit margin improved to 19.6% in the year 2021 from 18.2% in the year 2020;

● Operating expenses decreased to $6.1 million in the year 2021 from $6.8 million in the year 2020;

● Financial expenses decreased to $105,000 in the year 2021 from $348,000 in the year 2020.

As a result, net income for the year 2021 amounted to $451,000 as compared to a $960,000 net loss in the year 2020”.

Eyal Cohen added: “On March 10, 2022, we announced that BOS’ RFID division acquired the assets of Dagesh, which provides inventory counting services in Israel. In addition, on March 28, 2022, we announced that BOS’ Supply Chain division received a $2.4 million order from an existing customer, for delivery this year. This advances us towards our financial targets for the year 2022, which are revenues over $35 million (compared to $33.6 million in the year 2021) and net income to exceed $1 million (compared to a net income of $451,000 in the year 2021.”)

BOS will host a conference call on Wednesday, March 30, 2022, at 9:00 a.m. EDT – 4:00 p.m., Israel Time. A question-and-answer session will follow management’s presentation. To access the conference call, please dial one of the following numbers:

US: +1-888-281-1167, International: +972-3-9180644.

For those unable to listen to the live call, a replay of the call will be available the next day on the BOS website: http://www.boscom.com

About BOS

BOS provides services and systems for inventory production and management in three channels:

· Services – The Supply Chain division provides inventory procurement and kitting.

· Integration – the RFID division provides off-the-shelf software and equipment to track and manage inventory in the production floor and warehouse.

· Development – the Intelligent Robotics division develops and builds custom-made robotic cells for the industrial and logistic processes.

Contact:

Eyal Cohen, CEO
+972-542525925 | eyalc@boscom.com

Use of Non-GAAP Financial Information

BOS reports financial results in accordance with US GAAP and herein provides some non-GAAP measures. These non-GAAP measures are not in accordance with, nor are they a substitute for, GAAP measures. These non-GAAP measures are intended to supplement the Company’s presentation of its financial results that are prepared in accordance with GAAP. The Company uses the non-GAAP measures presented to evaluate and manage the Company’s operations internally. The Company is also providing this information to assist investors in performing additional financial analysis that is consistent with financial models developed by research analysts who follow the Company. The reconciliation set forth below is provided in accordance with Regulation G and reconciles the non-GAAP financial measures with the most directly comparable GAAP financial measures.

Safe Harbor Regarding Forward-Looking Statements

The forward-looking statements contained herein reflect management’s current views with respect to future events and financial performance. These forward-looking statements are subject to certain risks and uncertainties that could cause the actual results to differ materially from those in the forward-looking statements, all of which are difficult to predict and many of which are beyond the control of BOS. These risk factors and uncertainties include, amongst others, the dependency of sales being generated from one or few major customers, the uncertainty of BOS being able to maintain current gross profit margins, inability to keep up or ahead of technology and to succeed in a highly competitive industry, failure to successfully integrate and achieve the potential benefits of the acquisition of the business operations of Imdecol Ltd. (the Robotics business line) and of Dagesh Inventory Counting and Maintenance Ltd., inability to maintain marketing and distribution arrangements and to expand our overseas markets, uncertainty with respect to the prospects of legal claims against BOS, the effect of exchange rate fluctuations, general worldwide economic conditions, the impact of the COVID-19 virus and continued availability of financing for working capital purposes and to refinance outstanding indebtedness; and additional risks and uncertainties detailed in BOS’ periodic reports and registration statements filed with the US Securities and Exchange Commission. BOS undertakes no obligation to publicly update or revise any such forward-looking statements to reflect any change in its expectations or in events, conditions or circumstances on which any such statements may be based, or that may affect the likelihood that actual results will differ from those set forth in the forward-looking statements.

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CONSOLIDATED STATEMENTS OF OPERATIONS

U.S. dollars in thousands

	Year ended December 31,						Three months ended December 31,
	2021			2020			2021		2020
	(Unaudited)						(Unaudited)
Revenues	$	33,634		$	33,551		$	9,079	$	10,426
Cost of revenues		27,048			27,433			7,351		8,528
Gross profit		6,586			6,118			1,728		1,898
Operating costs and expenses:
Research and development		208			112			54		41
Sales and marketing		3,955			3,922			1,053		989
General and administrative		1,906			1,747			563		496
Impairment of intangible assets		-			517			-		-
Impairment of Goodwill		-			471			-		-
Total operating costs and expenses		6,069			6,769			1,670		1,526
Operating income (loss)		517			(651	)		58		372
Financial income (expenses), net		(105	)		(348	)		2		(113	)
Other income, net		-			39			-		(11	)
Income before taxes on income (loss)		412			(960)			60		248
Taxes on income		39			-			40		-
Net income (loss)		451		$	(960	)	$	100	$	248
Basic net income (loss) per share	$	0.09		$	(0.22	)	$	0.02	$	0.06
Diluted net income (loss) per share	$	0.08		$	(0.22	)	$	0.02	$	0.06
Weighted average number of shares used in computing basic net income per share		5,212			4,298			5,301		4,346
Weighted average number of shares used in computing diluted net income per share		5,424			4,298			5,438		4,350
Number of outstanding shares as of December 31, 2021 and  2020		5,251			4,391			5,251		4,396

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CONSOLIDATED BALANCE SHEETS

(U.S. dollars in thousands)

	December 31, 2021		December 31, 2020
	(Unaudited)		(Audited)
ASSETS
CURRENT ASSETS:
Cash and cash equivalents	$	1,875	$	1,036
Restricted cash deposits		242		140
Trade receivables		9,209		9,172
Other accounts receivable and prepaid expenses		977		1,311
Inventories		5,567		4,871
Total current assets		17,870		16,530
LONG-TERM ASSETS		150		59
PROPERTY AND EQUIPMENT, NET		1,097		956
OPERATING LEASE RIGHT-OF-USE ASSETS, NET		944		767
OTHER INTANGIBLE ASSETS, NET		20		40
GOODWILL		4,676		4,676
Total assets	$	24,757	$	23,028

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CONSOLIDATED BALANCE SHEETS

(U.S. dollars in thousands)

	December 31, 2021		December 31, 2020
	(Unaudited)		(Audited)
LIABILITIES AND SHAREHOLDERS’ EQUITY
CURRENT LIABILITIES:
Current maturities of long term loans	$	740	$	815
Operating lease liabilities, current		538		557
Trade payables		5,200		5,492
Employees and payroll accruals		996		985
Deferred revenues		917		601
Advances net of inventory in process		249		68
Accrued expenses and other liabilities		112		391
Total current liabilities		8,752		8,909
LONG-TERM LIABILITIES:
Long-term loans, net of current maturities		681		1,216
Operating lease liabilities, non-current		565		367
Long term deferred revenues		132		303
Accrued severance pay		280		364
Total long-term liabilities		1,658		2,250
TOTAL SHAREHOLDERS’ EQUITY		14,347		11,869
Total liabilities and shareholders’ equity	$	24,757	$	23,028

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CONDENSED CONSOLIDATED EBITDA

(U.S. dollars in thousands)

	Year ended December 31,					Three months ended December 31,
	2021		2020			2021		2020
Operating income (loss)	$	517	$	(651	)	$	58	$	372
Add:
Impairment of Goodwill and other intangible assets		-		988			-		-
Amortization of intangible assets		20		40			5		4
Stock-based compensation		67		65			23		8
Depreciation		238		270			63		62
EBITDA	$	842	$	712		$	149	$	446

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SEGMENT INFORMATION

(U.S. dollars in thousands)

	RFID		Supply Chain Solutions		Intelligent Robotics			Intercompany			Consolidated
	Year ended December 31, 2021
Revenues	$	13,192	$	19,008		1,576		$	(142	)	$	33,634
Gross profit		3,338		3,708		(460	)		-			6,586
Allocated operating expenses		2,300		2,497		573			-			5,370
Unallocated operating expenses*		-		-		-						699
Income (loss) from operations	$	1,038	$	1,211	$	(1,033	)		-			517
Financial expenses and												(105	)
tax on income												39
Net income											$	451

	RFID		Supply Chain Solutions		Intelligent Robotics			Intercompany			Consolidated
	Year ended December 31, 2020
Revenues	$	12,523	$	18,594	$	2,502		$	(68	)	$	33,551
Gross profit (loss)		3,265		3,724		(871	)		-			6,118
Allocated operating expenses		2,099		2,373		641			-			5,113
Impairment of goodwill and intangible assets		-		-		988			-			988
		-		-		-
Unallocated operating expenses*												668
Income (loss) from operations	$	1,166	$	1,353	$	(2,501	)		-			(651	)
Financial expenses												(348	)
Other income												39
Net loss											$	(960	)

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SEGMENT INFORMATION

(U.S. dollars in thousands)

	RFID		Supply Chain Solutions		Intelligent Robotics			Intercompany		Consolidated
	Three months ended December 31, 2021
Revenues	$	3,999	$	4,840	$	236		$	4	$	9,079
Gross profit (loss)		1,126		1,025		(423	)		-		1,728
Allocated operating expenses		659		709		121			-		1,489
Unallocated operating expenses*											181
		-		-		-
Income (loss) from operations	$	467	$	316	$	(544	)		-		58
Financial income											2
Tax on income											40
Net income											100

	RFID		Supply Chain Solutions		Intelligent Robotics			Intercompany			Consolidated
	Three months ended December 31, 2020
Revenues	$	3,547	$	4,769	$	2,135		$	(25	)	$	10,426
Gross profit (loss)		1,042		842		14			-			1,898
Allocated operating expenses		575		643		137			-			1,355
Impairment of goodwill and intangible assets		-		-		-			-			-
Unallocated operating expenses*												201
		-		-		-
Income (loss) from operations	$	467		197	$	(91	)		-			372
Financial expenses												(113	)
Tax on income												(11	)
Net loss											$	248

* Unallocated operating expenses include costs not specific to a particular segment but are general to the group, such as expenses incurred for insurance of directors and officers, directors fees, public company fees, legal fees, and other similar corporate costs.

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