BOSC - Earnings call transcript Q4 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 Fourth Quarter and Full Year 2020 Results Conference Call. All participants are at 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. line Mr. the on us today are With Eyal and Mr. Cohen, CEO [indiscernible] CFO.

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

Eyal Cohen

revenue and made Thank we am profits. with of I pleased BOS consecutive year in Call. with Earnings progress quarters growth the to half two the the 'XX second in welcome of and you

the building primary growth the factor. growth its division initial Robotics became the We fourth the business significant progress yield quarter BOS. We have made in to the in of be Robotics engine saw revenues as

injection the of Our for to provides the at producers mold quality process division inspection, Robotics downstream mainly and molds. automation the starting assembly, packing mold

in by thanks operating improving to 'XX to sales To the a decreased mainly for as of Robotics mission mission, year producers good Chain year related personally. increase shortens I to 'XX sales thanks but revenues my in systems of cycle production income now 'XX. factors Those margins, in year and X% That the the for to market, versus year and in million, profit reduction questions. America division. have Yet reduced improving in I at this and The production by the improved revenues of profit gross technical mold it 'XX $XXX,XXX due on North improved and in to Robotics roughly division made the take we for it COVID, progress controls. Our profit are to be X% Supply Robotics reduces support am America. we $X year 'XX. leading improved operating the amounted increased quality India's review critical execute division, North lot margin, in is completes improve $X.X the to efficiency and provider and the our was production 'XX and Israel. in and will cost RFID development workforce, system same its ROI. we of center gross USA established primary a approximately million operating to but year loss your Its

Operator

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

Todd Felte

the are you may some engine color be ahead. mentioned that around contracts give amount I had to proposals on quarter that of to area? fourth compared wanted about I working additional as Good forecast a the and the ask in morning. of see growth Congratulations little an know that soon, a growth exciting Robotics be great can would and are last we you the year going this you year the on but hoping U.S. in company to forward know you I

Eyal Cohen

and expectations, I started U.S. 'XX. sales in We to very our It and the and also the the operations question. I as for on before, I January well have mentioned Hi you the sales works it's that didn’t new as coming meets Todd, of thank hope work to the cannot What achieve the breakthrough mentioned make it you proposals released reorganized format structure publicly year not the because office quarter in with previous months U.S. in a number we one sales we in very of we achieved but the and give one in good rate.

I So the the breakthrough we that to months hope the make will in coming market. in make U.S.

Todd Felte

you just no and so I or and to XXXX? be wanted if be need at done question. there financing additional to for see financing for you there was coming a -- quarter. need fourth to up end the more no one any that if the great of follow-up had clarify capital expect recently That's going know and I additional dilution in

Eyal Cohen

in don't before, expect the need funds will be additional happening year it year it to a we -- it 'XX. and in I see will there I target but raise due acquisition, let 'XX, investor about the to if be any know don't will No,

Todd Felte

great XXXX. fourth looking and a on congratulations forward and again Thanks quarter right. All to

Eyal Cohen

Todd. you, Thank

Operator

from is Schindler of question next Please Point The go Pivot Advisors. ahead Marc

Marc Schindler

in of very Thank next is like is can the this company quarter. really about year types I wanted cetera? of in margins, year. your particular what thank much to and and so doing Robotics much First for little you the call a for market bit the that et target congratulations elaborate on poised division the and and division, what all, a fabulous Looks proposals, seeing and on ask you growth you you conference you're the good

Eyal Cohen

to automation Marc. Robotics producers [ph] we North our mold we And solutions, division thank bouncing Robotics the The the are America. to targeting our you provide and mainly for division, product mainly

America customer [ph] truck as well. existing have South in We

We want the producers. U.S. audience is, of have to which target the base the type smaller we The mold in increase. client a

focused provide mentioned, mold, as unit are quality the them quality several those at the inspection one systems mold ROI improve very starting of for and the those a toward in And reduce proven solution we point into of the of on mold control a packing the it systems the has the shorten I workforce, mold. mold significantly which set producer-manufacturers. for automation and process injection the manufacturers of production cycle, automatic complete parts We assembly of the the of the

Marc Schindler

you so thank Wonderful, much.

Eyal Cohen

Thank you

Operator

Instructions] There Marc from Advisors. Pivot go Please Point ahead. is follow-up [Operator Schindler a of

Marc Schindler

Yes, forward the seeing your that you're can you the type from Robotics division what on going the companies of derive orders machines robotics savings tell us and please?

Eyal Cohen

that stock provide one for The completed after it it I of it, a a molds stock producers it, all which workforce, automation days workers saving to taking implemented sleeves, of molds put installation line see as -- U.S. mentioned this to injection to of client it in the box. are injection of a in you lot and part there check process, won't are our the from full machine, there of mainly the no starting then we where then mold it, in the stuff a the even the automation into at into we open and line we meaning those pack they the vision is into a the engage in doing and boxes, out the to put workers, it, to box, assembly, the lot and employees

boxes. sleeves it put open into -- We machines we the and box, the Robotics machine then it, close create puts system boxes the the have and automatic that opening automatic

the certain their each the models, floor the certain on employees manufacturer end, you it and takes use won't it can others to but and the see take models depends -- So certain on system, budget. manufacturer of

Marc Schindler

excellent. so some see, seems the thank and much. Thank Well, got division much I you It up good products in like keep you Robotics so work. you've others. great and

Eyal Cohen

Thank much. Thank you you. very

Operator

time. this at questions further no are There

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

Eyal Cohen

great you our and am day. next Thank forward call I you. call May. thank looking Have joining Yes, for earnings are in we to and our today a

Operator

XXXX This Thank fourth conference call. full concludes quarter BOS year your participation. and for you results

ahead may disconnect. You go and

B.O.S. Better Online Solutions (BOSC) 30 Mar 212020 Q4 Earnings call transcript