B.O.S. Better Online Solutions .(BOSC)

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B.O.S. Better Online Solutions .(BOSC) - 2023 Q3 - Earnings Call Transcript
2023-11-30 18:06
B.O.S. Better Online Solutions Ltd. (NASDAQ:BOSC) Q3 2023 Results Conference Call November 30, 2023 9:00 AM ET Company Participants Eyal Cohen - CEO Conference Call Participants Todd Felte - Advisory Group Equity Services Operator Ladies and gentlemen, thank you for standing by. Welcome to the B.O.S. Conference Call. [Operator Instructions] As a reminder, this conference call is being recorded and will be available on the B.O.S. website as of tomorrow. Before I turn the call over to Mr. Cohen, I would like ...
B.O.S. Better Online Solutions .(BOSC) - 2023 Q2 - Quarterly Report
2023-09-28 16:00
B.O.S. BETTER ONLINE SOLUTIONS LTD. AND ITS SUBSIDIARIES IN U.S. DOLLARS UNAUDITED Page - - - - - - - - - - June 30, 2023 December 31, 2022 Unaudited Audited ASSETS Total current assets 21,920 20,574 Total assets $ 32,529 $ 30,595 CONDENSED INTERIM CONSOLIDATED BALANCE SHEETS U.S. dollars in thousands B.O.S. BETTER ONLINE SOLUTIONS LTD. AND ITS SUBSIDIARIES B.O.S. BETTER ONLINE SOLUTIONS LTD. AND ITS SUBSIDIARIES CONDENSED INTERIM CONSOLIDATED STATEMENTS OF OPERATIONS U.S. dollars in thousands (except share ...
B.O.S. Better Online Solutions .(BOSC) - 2023 Q2 - Earnings Call Transcript
2023-08-22 23:29
Financial Data and Key Metrics Changes - In the first half of 2023, revenues grew by 11%, EBITDA increased by 56%, net income rose by 168%, and EPS improved by 144% compared to the first half of 2022 [5] - Over a three-year perspective, revenue has grown by 31% to $44 million compared to 2020 [5] - EBITDA increased by 342% to $3.1 million, with net income turning from a loss of $1 million in 2020 to an income of $2.5 million in the last 12 months ended June 2023 [28] Business Line Data and Key Metrics Changes - The Robotics division is transitioning towards the Israeli defense market, with most projects attributed to a major defense company in Israel [6] - The RFID division experienced a slowdown in revenues due to a decline in the Israeli civil market [6][35] - The Supply Chain division benefited from intense demand driven by military conflicts in Europe and the Middle East, supporting growth in this segment [12] Market Data and Key Metrics Changes - The Israeli civil market is currently in a standby phase, impacting the RFID division's performance [42] - The growth in the defense segment is primarily driven by sales to Israeli manufacturers and their subcontractors globally [19] Company Strategy and Development Direction - The growth strategy includes both organic growth and M&A, focusing on strengthening competitiveness and expanding into new markets [29] - The M&A strategy targets companies with a strong competitive position, a track record of profitability, and a significant portion of recurrent revenues [30] - The company aims to penetrate the defense market further to enhance profitability [23] Management's Comments on Operating Environment and Future Outlook - Management noted that the devaluation of the shekel primarily affects operational expenses, with a strong dollar positively impacting performance [18] - The company expects continued growth in the defense market, which has a more favorable budget environment compared to the civil industry [23] - There is optimism regarding the stabilization and potential growth of the RFID division, despite current challenges [42] Other Important Information - The company is engaging with agents to identify attractive M&A targets and is currently in the process of defining the scope of potential acquisitions [8][14] Q&A Session Summary Question: Impact of shekel devaluation on revenues - Management explained that most revenues are quoted in dollars, and the devaluation mainly affects operational and financial expenses, with a net positive effect on performance [18] Question: Growth sources and new business segments - Growth is attributed to the defense segment and the transition of the Robotics division to the defense market, with strong demand from Israeli manufacturers [19] Question: Future profitability of the Robotics and RFID divisions - The Robotics division is expected to become profitable as it transitions to the defense market, while the RFID division is linked to the Israeli GDP and is anticipated to stabilize despite current market conditions [41][42]
B.O.S. Better Online Solutions .(BOSC) - 2023 Q1 - Earnings Call Transcript
2023-05-30 15:22
B.O.S. Better Online Solutions Ltd. (NASDAQ:BOSC) Q1 2023 Earnings Conference Call May 30, 2023 9:00 AM ET Company Participants Ziv Dekel - Chairman Eyal Cohen - Chief Executive Officer Moshe Zeltzer - Chief Financial Officer Conference Call Participants Todd Felte - Advisory Group Equity Services Operator Ladies and gentlemen, thank you for standing by. Welcome to the BOS First Quarter 2023 Results Conference Call. All participants are at present in listen-only mode. Following managements’ formal presentat ...
B.O.S. Better Online Solutions .(BOSC) - 2023 Q1 - Quarterly Report
2023-03-30 16:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Report of Foreign Private Issuer Pursuant to Rule 13a - 16 or 15d -16 Under the Securities Exchange Act of 1934 Commission file number 001-14184 20 Freiman Street, Rishon LeZion, 7535825, Israel (Address of principal executive office) Form 20-F ☒ Form 40-F ☐ Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ___________ B.O.S. BETTER ONLINE SOLUTIONS LTD. ANNOUNCES ...
B.O.S. Better Online Solutions .(BOSC) - 2022 Q4 - Annual Report
2023-03-29 16:00
Revenue Performance - Total revenues for 2022 were $41,511,000, representing a 23.5% increase from $33,634,000 in 2021[233]. - The Intelligent Robotics Division contributed $34,295,000 to total revenues, accounting for 82% of the overall revenue in 2022[233]. Operational Challenges - The company experienced a reduction in international delivery routes due to the COVID-19 pandemic, impacting the timely receipt and shipment of goods[221]. - The company anticipates continued negative impacts on customers' cash flows due to COVID-19, which may affect payment terms and receivables[222]. Expense Composition - Operating expenses for 2022 were primarily composed of selling, general, and administrative expenses, which included professional service fees and facility costs[228]. Business Divisions - The company operates in three reportable divisions: Intelligent Robotics, RFID, and Supply Chain, each contributing to its overall business strategy[220]. - The Supply Chain Division provides a kit of electro-mechanical components, sourcing all parts directly from manufacturers or the open market[224]. Market Competition - The company faces competition in the RFID market from local firms such as eWave mobile Ltd. and Dannet Advanced Technologies Ltd.[235]. Facilities and Operations - The company has a facility in Rishon LeZion, covering 1,475 square meters, with a lease period extending through September 2028[237]. - The company’s sales force includes direct sales teams and agents, marketing its Supply Chain Solutions directly to customers or through distributors worldwide[231].
B.O.S. Better Online Solutions .(BOSC) - 2022 Q4 - Earnings Call Transcript
2023-03-29 14:27
BOS Better Online Solutions. (NASDAQ:BOSC) Q4 2022 Earnings Conference Call March 29, 2023 9:00 AM ET Company Participants Ziv Dekel - Chairman Eyal Cohen - Chief Executive Officer Conference Call Participants Todd Felte - Advisory Group Equity Services David Dansby - Jenny Montgomery Scott Operator Ladies and gentlemen, thank you for standing by. Welcome to the BOS Fourth Quarter and Full Year 2022 Results Conference Call. All participants are at present in listen-only mode. Following management’s formal p ...
B.O.S. Better Online Solutions .(BOSC) - 2022 Q3 - Earnings Call Transcript
2022-11-30 15:55
BOS Better Online Solutions Ltd. (NASDAQ:BOSC) Q3 2022 Earnings Conference Call November 30, 2022 9:00 AM ET Company Participants Ziv Dekel - Chairman Eyal Cohen - Chief Executive Officer Conference Call Participants Todd Felte - Advisory Group Equity Services Operator Ladies and gentlemen, thank you for standing by. Welcome to the BOS third quarter 2022 results conference call. All participants are at present in listen-only mode. Following managementÂ's formal presentation, instructions will be given for t ...
B.O.S. Better Online Solutions .(BOSC) - 2022 Q2 - Quarterly Report
2022-09-28 16:00
Exhibit 99.1 B.O.S. BETTER ONLINE SOLUTIONS LTD. AND IT'S SUBSIDIARIES CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS AS OF JUNE 30, 2022 IN U.S. DOLLARS UNAUDITED INDEX Page | --- | --- | |----------------------------------------------------------------------------------------------|----------------| | | | | Condensed Interim Consolidated Balance Sheets | F-2 - F-3 | | | | | Condensed Interim Consolidated Statements of Operations | F-4 | | Condensed Interim Consolidated Statements of Comprehensive Inc ...
B.O.S. Better Online Solutions .(BOSC) - 2022 Q2 - Earnings Call Transcript
2022-08-23 14:34
B.O.S. Better Online Solutions Ltd. (NASDAQ:BOSC) Q2 2022 Results Conference Call August 23, 2022 9:00 AM ET Company Participants Ziv Dekel - Chairman Eyal Cohen - Chief Executive Officer Moshe Zeltzer - CFO Conference Call Participants Todd Felte - AGES Financial Services Operator Ladies and gentlemen, thank you for standing by. Welcome to the BOS Second Quarter 2022 Results Conference Call. All participants are present in listen-only mode. Following managementâs formal presentation, instructions will be g ...