Earnings call transcript Q4 2022

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Operator

Ladies and gentlemen, thank you for standing by. Welcome to the BOS Fourth Quarter and Full Year 2022 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 the being tomorrow. BOS this be and reminder, on available website a call recorded is will As as of

us and today Mr. line on Ziv With Chairman, Dekel, are Eyal Moshe Mr. Mr. CEO, Zeltzer, CFO. Cohen, the

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

now I Eyal like to Mr. call Cohen, CEO. over would turn the to

please go ahead. Eyal,

Eyal Cohen

technology BOS efficiency Hello. enterprises joining advantage call would our and today. offering give take growth on opportunity to to to the each strategy. like three for this a advanced competitive inventory Thank with brief I that you increases BOS’s provides business.

automate supply manages the chain of division inventory. track the and The industrial processes robotic and logistic and inventory. The inventory RFID division the mark

relevant clients. Those offerings Our competitive innovation. advantages of trust, are and client and are comprehensive key service, points quality demands our

client. are first revenues to targets increase per Our the

joining increase share by to clients. market Second, new

clients hedge for and clients technologies. quality us for reasons. with decades update offering to have first Our with retain service our high been strategy Most of our those our through

match implement and business by core to revenues ways, strategy identify needs that, internally, offerings trends two mainly client to our our increase We to relevant investing join and business. technologies. expand resources the substantial the By new our achieve in and our clients. we goals Second, per customer we in managerial

first offering eye companies we our our business. expand core M&A’s In the three opportunities open keep of an in background, for criteria, that meet

Second, system. profitable third has a robust business

review. to please. my And complete Let’s I your would take questions now like

Operator

Instructions] Todd go Felte Equity from Please Group Services. ahead. question The [Operator from first is Advisory

Todd Felte

quarter to find that where congratulations over expect sales, can year. you trade that first given I and know materialize? past we’re a it XXX. of great the question backlog, you’d the amazing great at share updates you $X is we I backlog. a on below tell do But the my in backlog when us Hey, on regarding in kind and and

Eyal Cohen

thank you Todd. Hi,

revenues about that services such have $XX million on We of recurrent as monthly consumed materials client basis. on-going and the our consumables

backlog amount a sales of orders $XX million. have of also about in We an

visibility have are XXXX, for in for first So we good quarter. projected of the $XX and $XX the million year revenues million altogether we out just

Todd Felte

that’s one breakeven. a That’s, division the hear. are the up And are, at you that robotics great almost Okay. ticking profit revenues for more to robotics XXXX? and to it’s follow up the in noticed turn question. expect I Do division

Eyal Cohen

by year year losses the results profitable. the for our Along and the to, outlook be is significantly we, year we improve acquisition, since and the to reduced years the next

Todd Felte

on I’ll that’s and questions quarter. to queue get hear. some a someone in Okay, ask else the let to great congratulations back great

Eyal Cohen

Thank you Todd. very much,

Todd Felte

you. Thank

Operator

of Montgomery The Jenny Instructions] Dansby Scott. go is question Please from David [Operator next ahead.

David Dansby

pretty year. year supply next chain into and and quarter good you growth My seems on tremendous a was That have solutions. question the is just visibility it like guys. Congratulations

an that great. you opportunity of the is forward -- the sort presenting results growth going we’re for bigger chain If Are supply seeing opportunity, you well? about of globally, could that were talk you there. as through amazing that, just a, more guys There’s just sort opportunities seeing a issues

Eyal Cohen

question. the for you Thank for thank call. you you. Thank joining the David,

to, in it think a we good a, system for because our very good, had fair place a price for very the in of components. in us. how a the of I provide good very And in supply year the the that to shortage chain client was components

element pain It conflict of difference provider in is industry the the in defense impacted and The providers is of budget result their second that The toward the one biggest that the Israeli Europe. countries I increases see BOS certain is the provider. positively although reflected shortage in be in next in this will gradually, change that year, components defense trend next recovering year budget the reduced. we, in XXXX. but that I don’t don’t think their is the will

year And the we it will XXXX. has backlog this a supply to also chain business will more services have the of it and that year a that chain be very unit the for good by yield to plan believe in still supply we well. adding good So as expand

David Dansby

very great That’s and helpful. again. Congrats

Eyal Cohen

Thank you.

Operator

statement. to are like now questions make There concluding further this to no the I Mr. Mr. go please at to Dekel, turn would ahead. a Ziv over Dekel, Chairman time. call

Ziv Dekel

solution realizing XXXX. us characterized was today. and this for by the year Accordingly, leading Eyal joining capability and business we Thank a plan was notable which expansion build will lead for the This the and our our XXXX. successfully of offering are execution up, continued targets you improvement -- see achievement for year for of of team

increase up to I growth and position. competitive yield Looking Eyal implement a forward line market margin, strategy onwards, to to and further trust share, management and profit top the and BOS’s XXXX

do Thank me questions. contact hesitate for us. you information Please further spending with Eyal for or to or time not your

next meeting to call. on forward Looking you quarterly our

Operator

company’s XXXX results for available Thank like quarter participation. your of website on remind will and www.bosscom.com conference call. full tomorrow. would replay by BOS a you. I concludes year participants fourth to that the this This Thank you the call be

go ahead disconnect. may and You

B.O.S. Better Online Solutions (BOSC) 29 Mar 232022 Q4 Earnings call transcript