BOSC - Earnings call transcript Q2 2021 | B.O.S. Better Online Solutions Ltd.

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Operator

Ladies and gentlemen, thank you for standing by. Welcome to the BOS Second Quarter 2021 Results Conference Call. All participants are at present in a 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; Moshe CFO. Zeltzer,

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

Eyal Cohen

thank I'm net for fourth the revenues pleased in quarter. quarterly the our half with with you satisfied year joining call. the growth am the of 'XX. 'XX half I compared significant first first of income with for also the in and consecutive Hello

the For net of recent income $XX million. amounted to $X.X our revenues of XX million, months, EBITDA $XXX,XXX and

expect $XX $X and million we over $XX net revenues our million. above outlook, profit and Regarding of year 'XX, million

is look So that not changed.

will find our in ways first And hope global clients' I margin. supply our goods, shortage the chain RFID year. make continue the and innovative Our half that of very to in meet did they the division to demands division despite well in

the not sales target U.S. Our Robotics reached its division market. has in

keep the back and and we result, a distributors taking division in tight. into investment our a operating As in or very turning indirect direct agents sales the through expenses and immediately sales U.S. step stopped are

line, this and which to growth new is progress plan we will it of contribute logistics it the in centers. We anticipate with launch a have to 'XX. year, hand, developing for we made sales year end other sorter automation our the positively On the by

In second of manufacture happy a propelled with provide machines. also recent the eight enterprises I'm synergy. months, $X.X got focus to helps budget Flex, now have in recently That clients for Flex, our great division you component value demand Robotics addition, Chain automation, take for order solid that ongoing purchased company my and effort million products. same that global from share design orders with completes review, electronic will to sales expect our and in We an our questions. Supply division total Flex on allocated and for the meaning automation your from I

Operator

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

Todd Felte

Thank been robotics the bidding active on in us now? kind Can the and summer. know on that processes this give you I us you. competitive any if rollout some of good U.S. comment the it's a I understand on sounded kind kind didn't I changing you like wanting hard Robotics just was been really to gaining there. the quarter. quite It I know on And strategy comment. Congratulations traction the were division. we of in we're to know some you of let have have contracts color hoping

Eyal Cohen

Yes.

I the -- is directors. working at with think that changes year. we We replaced This we the the is are team. the of made this year this beginning second

model that our to allocate this work which to and commission target. the -- same the target effort us a will to work. rep, rep a in a the lot. And to now to sales reached we It not And invest basis. a sales cost do U.S., we'll on try have We to is the sales the sales

We Mexico in South in for are risky It's us. also working Australia. in and less America,

for the such manufacturer But project, it it, court plastic it's Regarding table, versus our work once win with market, the the on U.S. the we to And agent to distribution with to them, agent but we in line will time decision. the in will reached biggest on we the U.S. on the one that. And model start final decision change of announce are director. of won't model the in stages we

Operator

question from SHIG [Igor go is next from The Please LLC. Vasserman] ahead.

Unidentified Analyst

on Can quarter. that? anticipated. factors income the the we're guidance good has based in the a question that revenues significant Congratulations second allowed increase Company in tripled on while you of no updated describe net achieve My half is is, XXXX, to

Eyal Cohen

Thank Igor. question. for you Thank the Yes. you,

doubt. So the aspect no in the is year. in half $XX.X is a We there no million there question, first of made of the revenues,

it's is The achievable. So achievable. target

outlook income, year. losses is the that of is Regarding target Robotics based the division the expectation million. annual year achieved our the of will $XXX,XXX in net we the $X but the on of first challenging, be is half in the half and no doubt it's the lower the that second There

that in of will year. the in first a full the the continue with supply half We also assume speed chain great performance

of expect same year. us to to fourth them outlook the together it's still the quarter the of second but of we relatively RFID, in So the the the can challenging. And half strong target, all bring

Operator

of Dansby Scott. is go Janney Please David ahead. The from next question Montgomery

David Dansby

quarter. profitable Congrats another on

Eyal Cohen

Thank much. you very

David Dansby

a could solutions. are I've hinted wondering was if read I also maybe demand for be Just it I increasing detail -- calls might question quick have chain articles. but could supply you RFID there color potentially many any products. about some your you you of and the was curious how heard chain some provide your go impacts, that. if guessing on just that I'm countless impact which definitely about negative may issues, of supply on some and into global on sort

Eyal Cohen

Yes.

way. is elements find in good, that ways the I in to year, the in the And this demand and As I meet the client chain of of to did make our the our shortage first RFID to the well hope mentioned, an hope our despite in using in our supply did the the Supply division half way continue and margins. And will half first innovative and continue global year. very all Chain will a do to components that innovative And so. successful naturally, in we expertise it very of it division provide they

client challenging, available challenging. it's the is but is are we but meet when still can, demand, it more Regarding order RFID buying talks we in our to when

David Dansby

RFID, a that so division Great. an was know number there easy but the sequential growth I Okay. nice still in noticed year-over-year was I comparable, far.

Eyal Cohen

absolutely. Yes,

Operator

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

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

Eyal Cohen

looking you Thank e-mail. contact Yes. welcome on and call, our to or any I'm Thank for me to meeting you. you. and next you time Thank call, forward joining by our you are phone by

Operator

Thank participation. call, you. BOS you. Second looking to -- for your you Call. forward Results you thank you meeting This for Quarter Conference Thank our joining Thank XXXX concludes the

disconnect. You ahead may and go

Eyal Cohen	Chief Executive Officer
Moshe Zeltzer	Chief Financial Officer
Todd Felte	Advisory Group Equity Services
David Dansby	Janney Montgomery Scott

B.O.S. Better Online Solutions (BOSC) 31 Aug 212021 Q2 Earnings call transcript