BOSC - Earnings call transcript Q2 2022 | 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 2022 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. line Mr. the on us today are With Ziv Mr. Dekel, Chairman; and Cohen, Eyal Mr. CEO; CFO. Zeltzer, Moshe

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

Eyal Cohen

Chairman, you for call today. Thank Not sorry. joining our CEO.

RFID comparable during last to towards revenues first the by growth first year. the long last compared term half, -- compared revenues division grew XX% first by in have progressed the to the We and during The BOS’s our year. grew half the XX% year’s period year’s comparable period

last of the XX% shortage of the half this by period year. acquisition. year's first the global Chain components revenue earlier has the its compared addition, of this division leveraged integration to the completed In The Supply and comparable in division year grew electronic its

the the division, we improve machines of we catalogue sale custom-made from portion in robotic revenues of a manufacturers to established believe machines, for Chain term substantial increase the of will growth. we made a profitability represent, In the new sales division this which is Supply engineering has versus addition, the In of long division. element which increasing department progress electronic number the some

review our to BOS invited website. are on the Robotics catalogue You machines

sorter the videos logistic potential. launched which In believe successfully automatic we soon. machines for developed impressive line of will sales addition, and centers, distribute good division Robotic And we a new has

On part recently, facilities in are the characterized release. cost. purchased we we cost challenging by increased of Hence operational the side, period

In factory sees to year. business in Furthermore, of relocate a the BOS than plan addition, the it the goods complete end as you. approach we a are by employees; robotic my there however, opportunity Thank this review. obstacle. and That business rather shortages

the Let session. me to go Q&A

Operator

of Financial you. ahead. The AGES Thank Instructions] [Operator is go Services. Please first Todd Felte from question

Todd Felte

you guidance quarter. Hey, Congratulations on only million have fourth business another I'm historically guys. expect curious for million you has the to forward? noticed quarter I why the $XX in $XX is and raised six haven't first Do the months your strong as year. downturn that for for going been done revenue strongest And quarter. you in guidance a your your just over levels.

Eyal Cohen

you, Todd. are think No, right. Thank you I

we than year, in half will projection, strong we exceed much of year the the stronger is that of $XX first is But second The provided historically. -- the million. the half the

So exceed that I'm that this -- will it we sure number.

Todd Felte

Robotics some improved. to Do gross operating the profitable Okay. first Robotics expect within profit Robotics, division the next for great you that overall become That's had in division And has really to I year? loss to moving on see hear. quite the And the you time. the the

Eyal Cohen

to as business save cost. a strategy. division, restructuring change And plan significant a and in is I in the addition also a this lot in new This relocated the Yes. place we to mentioned, to did factory a of a we on order

in of rate the I see of changing think we business division. And this reducing the division fruits will the are and burn we the So this next model year.

Todd Felte

refers years, just a to how last these question report few then Israel. And pass for on the does are is on high inflation environment the at in saw final increases? in of and company price much Bloomberg, Israel market able to Okay. a that where I my your you and affect

Eyal Cohen

although think aspects: of It's coming of two -- day, a Rishon NISX.X huge first, if Lezion, big on we a but have working consume, in that in the challenge have and financial facilities we -- the million. don't we Israel, we in recently and loan we in facilities, loans the expenses, But will loans. are I a of amount part acquired the

to have are hand the interest going the assets to our up. have continue will lease to So -- on a it, impact, dramatically better rather these it's because price but an have rent

Regarding there are two inflation, elements here.

adjust First, that or not not at the to more once two in price will sales the frequently, a to mechanism do years the client year, our to we it able as past be three in used to build all.

So to we have change.

we And we price annual we We well I we’re a client on -- aspect. very to change working with think are are this our information of are are that and client to we -- doing complete will them, complete stage, contract system and the to sales complete changing also support close round -- that in it. a doing our we that

payroll, we has with price. to sales to inflation order in it, impact the have with On have bad other and we the increase very face the the and a it face to end, on

a the big but it's two. year So business coming is or this for headache, of the part

Todd Felte

Israeli the that expect big substantial division do article of is last were that in of Is ordering from Israeli I orders the any the components, equipment. is no read had had based the factor military still year fact and up first one Military business? military a one a the your continue? half a supplying it Military. And your orders Russian to And And I XXX% you in question, noticed over amount an on you of where Okay. --

Eyal Cohen

Absolutely.

year. to the in the half is compared XX% see you in about of last the Chain, in first can year growth As period comparable the Supply revenues the

the record any And to also just our above you segment clearly period And backlog the military it's is in that mentioned. a it's the in compared effect the which trend is effect of direct Israel. number in history BOS. number record So in is of growth which million, $XX of a

Todd Felte

Great most very I quarter. shareholders should to Congratulations Thank And great hear. with know be on it. happy a you.

Operator

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

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

Ziv Dekel

Yes. you. Thank

Me, being team thinking. the bold BOS’s Improvement you an by has we investing been team's Of trust Thank already management today. value. also elements manifestation is company, aspects I highly described I'm see to of the yet from full which, fruition by all strategic which are springs company, us plan for hello just has of BOS -- Todd it come, with What the the well see in closely asked the the commitment can with and system picture vigorous improving shareholders I Eyal Eyal’s target and the is it implementing. partly of as the key before. of So to don't everybody. led the leadership made, imaginary impressed innovative, working of that and from levels we and significantly. as to

Looking everybody. you forward quarter to meet again Thank on BOS call. third

Operator

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

may ahead disconnect. You go and

B.O.S. Better Online Solutions (BOSC) 23 Aug 222022 Q2 Earnings call transcript