BOSC - Earnings call 3 2023 | B.O.S. Better Online Solutions Ltd.

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Operator

Ladies and gentlemen, thank you for standing by. Welcome to the B.O.S. Conference Call. [Operator Instructions] As a reminder, this conference call is being recorded and will be available on the B.O.S. website as of tomorrow.

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

Eyal Cohen

you you. our Thank Thank for joining call.

Dekel Moshe Chairman; in the call the On remote Zelter, Ziv and with me is CFO. site, today

excited to video again at you meet our meeting. We quarterly are

this business we that, will results, have During Q&A And trends and review financial . after will growth strategy. we call, session. our the

year months doubled. results financial of 'XX. the So XX%, was comparable Revenues XXX% X and income and grew that to EBITDA the by the for significant EPS the months year net by first X improvement compared XX% the by of 'XX the showed

million revenues 'XX. From grew million $XX.X perspective, XX our to $XX.X a X year trailing compared by years months' to XX% in

by Our to trailing $X.X $X.X months' the EBITDA year 'XX. XXX% million XX increased million in compared to

as in months income million amounted net XX a year 'XX. million trailing to Our to $X.X $X.X compared

$X.XX trailing in Our per earnings 'XX. amounted compared XX months only $X.XX share the year to to

those strengthened over significantly has sheet years. balance Our

'XX. September in increased to equity million 'XX in shareholders' $XX.X million December Our from $XX.X

long-term we underlying it $X our million. terminals acquired attributed ]. the same, real bank Our to currently, And around that the most roughly for [ estate loans of loan a remain

it as of our sufficient for that operations. is September $XX.X Our believe working 'XX and ongoing to we million, amounted capital

Business trends.

defense and And the Chain Supply East. division in the military are Europe conflict Israeli those intense the to from demands Middle faced market. Our demand attributed

reached and the a year-by-year improvements X quarters. consecutive shown has last in breakeven division Robotic Our point

most this projects in is process the for towards and are of our in market currently, segment addition, In in defense division transition Israel. Israeli defense the

in months past Our a the X new 'XX. RFID division first of In in first year division's faced Israel X years, RFID of year logistics to results. compared intense the investments financial have the the decrease affected months in several centers positively in the has revenues

tension pursue attempt was during government's by 'XX trend rate sharp this interest However, the to year political increase adversely extensive underlining system. judicial Israeli to affected and by Israeli in reform the the

situation Israel. in during anticipate current X the has defense the their services from RFID significant to organization war Israel. logistic operation. government. many to months and Israel our The therefore, processes. This facilities, 'XX, war Israeli a terror X, significant it of chains suffered Israeli work And our no affected XX% demand Supply workforce team that industry. retail very division for Robotic our operates entitled I'm compensation division this might has together We between most has division of We, started Hamas. products and and to exposure due to not and divisions. for October in and situation. interruption centers come the production On there through of has be year, has a from in the been Chain the account sales slowdown growing business Therefore, The X through first proud which divisions, revenues operate to the and

signs and suppliers there customers during working back are challenging and Our times, are in and to getting of routine. resilient experienced

net revenues our of net 'XX of for outlook, year, our which external and outlook months income. $X.X unchanged, outlook income annual of Regarding million. year 'XX, the for because during Still keep million circumstances, reached above our year of current is first X the the we over we $XX target

I on elaborate Ziv. our call to strategy. growth the Ziv want Please, will Mr. who to Chairman, Dekel, turn

here from technical we to connect problem remote. have So

and is changes So especially business company say adding offering, in to of a not words to I various mainly merger but The our the they efforts strategy. existing and 'XX, complementary by of acquisition. facing our due result are Those offering the and will and fully our few implementation development technologies growth will by yield that give markets goals. operative developing gradually competitiveness more is reflected with brands we growth on implementing, its strengthening new have expanding and been the

Eyal Cohen

at So this take questions. will stage, we gentlemen,

moment. a just And

Okay.

Instructions] session. time, we'll [Operator start this the at So Q&A

Todd Felte

I I you Force Defense a the provide chain had several using IDF between another you some and division. been lot has is of know them had contracts order. the Okay. giving equipment. components in and lead a between the regarding your supply Israeli you've What equipment products standard past, time the using of them just question. with them Obviously,

Eyal Cohen

Chain years. is we time, they are division, there used are -- logistic in no lead months. the I lead with a in think than a could the us, I they that question. minute. lot few not -- we urgent it are last It's issues the of corona we shorter good waiting are issue, all are previous orders a Supply to this the And think be But than the that day time normal had -- to their bids. the behind And feel because Usually, in we

normal be it months X the cases. matter a So could of in or

is can but there course, outstanding be cases normal. this Of

Todd Felte

that you do orders announcing are significant And received? Okay. any anticipate

Eyal Cohen

see, like $XX are As selling you can year. a million we

something we order, for segments, new that to don't get So changer announce are to unless we we new there it's orders that Otherwise, orders. in each dramatic we new example, ongoing on time. order from is game significant that components, can assume client. used time getting Actually, significant

Todd Felte

a slowdown Can companies more Okay. or give more maybe from stimulus Is to approve And we on the do color us RFID regarding hear the laws compensation through government, some that? division that? expect litigation be to to the passed possible you to or and Israeli boost a on when there in affected?

Eyal Cohen

Yes.

mentioned, the unit before full retail as boost. war. I we was -- to tough count to November, the fashion month. as But back the to in First, we stores returned a work Even getting were in October are come time that

amount, we think So for as will Israel malls to compensation The normal. and announced, are regarding don't the back the -- in indication economy XX.X% retail much are we good a implementation the back the of market take that our as come but I to we're and all the will were a implementation. The checking it huge normal, be it's the allowed. market of regulations case,

Todd Felte

been I know reached you given quarter. quarter And That year. have Okay. your your strongest net income historically, helps. already fourth And always guidance finally, the the has for

in share? willing the Given that has the QX? per most you're you that earnings not strong the Or fact boost are another given anticipating expecting you and fourth quarter the that any revenues that, problems quarter are is quarter to normally

Eyal Cohen

Yes. The also quarter fourth quarter of in and the year. strongest usually the is year quarter the the first

outlook We We not circumstances $X.X on the changed have it of current million now. keep in the because for Israel.

from the way think it's -- do. keep smart So In aspect, I better I think outlook. best the is this to circumstances, to not point of legal is the it's current this --

Instructions]. [Operator questions? Any follow-up

we be Let's again our XXXX. that looking we meeting Fourth wait March will to us today, call, also few are year you outlook forward being in which and you 'XX. B.O.S. Quarter another for for On you. Thank seconds. will provide on with Thank Call,

B.O.S. Better Online Solutions (BOSC) 30 Nov 232023 Q3 Earnings call transcript