BOSC - Earnings call transcript Q3 2020 | B.O.S. Better Online Solutions Ltd.

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Operator

Ladies and gentlemen, thank you for standing by. Welcome to the BOS Third Quarter 2020 Results Conference Call. All participants are present in listen-only mode.

Following management’s formal presentation, instructions will be given for the question-and-answer session. [Operator Instructions] As a reminder, this conference call is being recorded and will be available on the BOS website as of tomorrow. are today online us Mr. With and Zev Dekel, Chairman; Mr. Cohen, CEO. Eyal

company's changing acceptance, the over I statements demand, not forward-looking market Zev, and and uncertainties, and restructure Company's results and policies to detailed Mr. to I ahead. forward-looking cause differ over other to risks various are time economic Before of statements financial effect as Mr. to, the Dekel, operations limited pricing, results the authorities. Dekel, Zev which the which please Mr. go with that would call to Such risks factors, securities everyone certain like development are hand materially to product from conditions, turn in I include, subject contemplated. condition technology the but and remind like product for actual filings now could Chairman. business, the as to of call are to accounting the time risk those Company's from well would

Zev Dekel

and business, Company with strategic consistent fortifying the grow Thank sales, specific our revenues structure, executed, views. international operating global the efficiency have cost call enhancing perspective, and different progress now like and and view of you. three very marketing, share risks so perspective, quarter-to-quarter capabilities. its position made a around with turned the its in today. made for the From I to competitive From have business far, from and joining you we have of dramatically. by challenges, you progress point all a significant Encouraged divisions grew my income and on and its annual From perspective, thank opportunities. Hello path internal profit would net an competitive well is a

you like thank to Cohen, call Eyal would turn So our and to CEO. to the like I would

Eyal Cohen

third quarter 'XX. you quarter and our and the for expectations and Hello profitable fourth Zev. thank the to meet positive call this for shareholders' year am for I our pleased outlook a you, joining year Thank today. for

RFID quarter record and this a Our on COVID performance continuing in adversely chain supply in despite the keeps and chain of turnaround presented The the in the and that strong force. revenues. supply profitability division affected first months full year its RFID the nine division the third

have of We to for we the At years. a but are our we engine coming to Research, the pandemic potential BOS the According the of market COVID U.S., worldwide than sales We plan opened office division. expected. which in investing growth sales to growth as the IFR robotic robots industrial complicated presence, be business realize growth targeted of key the compounded this expanding penetration in our American much both the annual XX%. more by made robotic beginning have of North the has year, the

net we We positioning have to U.S. adjusted that 'XX. changes million. you, and of for year marketing Thank $XX now believe Accordingly, our the well made are toward and revenues and above with will the to exceed sales. profit take changes, sales we plan those expect your 'XX personnel million year questions. and both we I $X

Operator

Todd question-and-answer gentlemen, is begin RHK time, question Thank will ahead. this Felte Instructions] go The Ladies session. [Operator Please first at you. we Capital. from and of

Todd Felte

I What's and XXXX, revenues. in there, projected $XX and a appreciate to year for had giving was current quarter backlog? you it turnaround. great on Congratulations nice guidance you see your the million

Eyal Cohen

question. Hi, Todd, you thank for the

the $XX third quarter of as backlog was of million. the Our end

restriction don't future challenging, on will 'XX. when the when need the economy So, target especially the we in deals to effect we the the know and new COVID still to year It the amount of about COVID bring meet million $XX is remove. of of

the to U.S. In addition, penetrating we the market challenge year 'XX. in have the of

So, we the all and of employees. Directors, we and the challenges. And myself, BOS of lots it, have Board officers work embrace

Zev Dekel

add that effort, see in you now course, placing bear-fruit that this next a like just as USA. the the and also of lot I Eyal leading which believe the would to is and the sales, to It's buildup begin we will go and marketing ahead. of us I in year of infrastructure, support years, infrastructure terms along in

Todd Felte

around Also, you million, seems share, company IR if your any events seeing which if COVID, of Investor over the Okay. Relations doing during math things And but had income right, webinars? $XX tough along million. guidance $X like of is fairly with was planning that's on you projected any net events $X.XX my Are the you I'm are just undervalued. or I know schedule? a

Eyal Cohen

IR have But IR participate frame. don't I conferences. don't next will year, believe conference event. take -- IR sure that We frame. investor not we Currently, the in have whether I'm we we'll

in with results, think good will but see. reflected it be the I -- the it price, share -- we be will I let's hope can

Todd Felte

reading have financial it? finally, I company see would a through And would options share. you open by be you loss over and tax the being Have any $XX considered utilize Or that $XX carry-forward? to acquired you around to of carry-forward want to tax a Okay. another utilize loss that's statements, million, that

Eyal Cohen

great accounting, other it's tax We as sure than income platform income it's as such well cases, other opportunity don't will the accordingly. future. well. tax a benefit. our could more it it. tax we as it tax I'm certain use use way, public record that -- this We on companies, don't million. we'll -- million, sheet companies But use $XX for the in will of but a in in and balance record about record think huge I to assets guess, write And $XX I assets the By

So, it's great companies opportunities huge for a to use such loss. other tax

Todd Felte

you've now becomes you an more it guys. looking And was of anyone to Okay. if that maybe consistent asset then profitability, forecasted acquire

add companies really targeting? haven't announcement give little you to it's the finally, near expect What of on in just large had future, if you contracts, since any announcements any the while a color had kind just any any -- Just any a been you If Can you're close you're pipeline? announcements. July. color of since we've since contract types

Eyal Cohen

Yes.

we contract. plastic will start 'XX, the the once the the I after get plan. are January. from -- we will release in we the investing -- that we And on in order, will effort will in quarter once it have nine U.S. next absolutely, here decided months, -- to we year for U.S. build we will a in some hope news strategic in year holidays from to significant start to that platform account of will recent in reach of Israel release announcement logistics. we announcement. to think Also year This first the the future will industry, are operational now, And And is a market, the the activities our industry, the the we sales growth sales actually, defense Israeli in penetrating I is in some the of And the all I and of come BOS, engine hope business. platform robotic the the 'XX. the that which effort is all We

Todd Felte

for Congratulations the hop the Okay. again and turnaround in completing back great a on queue. quarter. Well, I'll

Zev Dekel

Thank you.

Eyal Cohen

you. Thank

Operator

are There questions further at [Operator no time. Instructions] this

go like to by make tomorrow. a website, you participants ahead to will to ask available Cohen, concluding like this call his on the of that Mr. would I replay www.boscom.com with your remind I be Mr. Before closing statement? Cohen statements, would Company's

Eyal Cohen

our you you. our for call March to Thank next you. Thank Thank I'm and you conference meet in Yes. today, again forward joining looking call at 'XX.

Operator

for participation. This Thank Call. Third Quarter you BOS concludes your XXXX Results Conference

may ahead go disconnect. and You

B.O.S. Better Online Solutions (BOSC) 30 Nov 202020 Q3 Earnings call transcript