BOSC - Earnings call transcript Q4 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 Year 2021 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].

conference BOS recorded website this available will reminder, the on as a is and being be As of tomorrow. the on us line Mr. are With today Eyal Cohen, CEO; Mr. and Zeltzer, Moshe CFO.

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

Eyal Cohen

Thank are goals. The clients wide organic result external you. of long-term our quarterly for active offering X,XXX you call. thank in BOS with excellent development Hello that product platform and business will joining an for and

in anticipated revenues Israeli Regarding defense increase impact positively are division, the with because sales that associated year I defense most budget industry. BOS XXXX supply division's believe Europe in in chain the will the the of its

that Dagesh of BOS recently that this RFID the year acquisition will business in XXXX. we Regarding positively division, expect the division I announced of impact revenues the

our million year growth workforce to conclude, division. opportunity $XX XXXX centers robotics and a the we revenues great in logistics $XX.X will year To continuing compared the exceed factories this in for million division, XXXX. Regarding anticipate that shortage for is

efficiency we U.S. the as lead cost. operational the On have dollar increased have deferred NIS cost, that salaries, commodities, devaluation events products our with operational of revenues. dollar, increased such the have and reduced in time and longer our which and our Inflation built the micro commodities, that aspect, cost against

to We our the are doing slower results. costs macro the At affected robotics those financial the has than of been we it customers. level, client, XXXX year has the significantly division extensive actions to anticipated and negatively renew recovery

to year effort in take to XXXX. $XXX,XXX To expect to year conclude, our division compared net year please. a review, exceed as will continue bracket the now completes point bring $X robotics That questions, and I XXXX. We XXXX my income to in million in your we

Operator

you. Instructions]. Thank [Operator

question is The Todd [indiscernible] of from first Services. Felte Financial

Unidentified Analyst

Good or was questions. Eyal supply for wondering in Hello, or can chain opportunities color some company, I created to Ukraine any that? the thank my for and Avi. problems you the if add morning crunch taking the you war has

Eyal Cohen

believe most defense budget. the the I of on in military sales positively industry because the the the there -- division that I take will portion the supply the impact anticipated defense tension chain to of the this this that industry XXXX and will significant military assume a are because Israeli tension Todd. you budget increase Thank of revenues Europe, in division's current year in

Unidentified Analyst

that the happen other that to know also any on a have questions I do you new you to expect Okay. countries in that we you ago. that's starting And continuing give region Is I expanding was couple had in business business for years weren't some of expecting? orders the going avenue and are a to didn't that expand UAE. the

Eyal Cohen

we them this we client started orders are Currently, year business doing client. from ago, ongoing we got a the that -- that doing with

this as the market, will market in Israeli are our time this as businesses go the increase will going very I will of industry well. think. into well we we that revenues It's So a matter defense --

Unidentified Analyst

a good taking Okay, questions for congratulations on my and thanks quarter.

Eyal Cohen

Thank you very much.

Operator

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

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

Eyal Cohen

for today, you meeting you. you look time joining and I by call or email. phone me our on next contact to forward can our Thank or by call before any Thank you

Operator

This concludes participation. XXXX Thank call. BOS results you year conference for your

may You disconnect. ahead and go

B.O.S. Better Online Solutions (BOSC) 31 Mar 222021 Q4 Earnings call transcript