BOSC - Earnings call transcript Q2 2024 | B.O.S. Better Online Solutions Ltd.

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Operator

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

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

Eyal Cohen

with are me Dekel, for Chairman, Mr. and on joining the Zeltzer, Moshe you call Thank Ziv CFO, today. our Mr. call.

excited operation are again Ziv may have. our of questions We have trends meet to at we'll Q&A start financials. that, business a quarterly you any will or I session and concerns by video After address the will our and you meeting. elaborate on presenting strategy. BOS highlights to

cutting-edge by tools technologies chain the division Robotics optimize the with robots. division improves to divisions. inventory the track operations electronic RFID replacing work distributes supply supply to automates business X through chain. through components. supply hand providing begin. BOS And division Let's to management leverage enterprises its mark The and inventory franchise by process chain inventory

our less is and within the reduce integrate Zoom. division any system electrical years. dive programmers. videos. I for developed customized workforce ROI activities and authentic and into engineers, robots accuracy, limit centers. sharing due the goal The lines industrial software logistics X off-the-shelf ] electrical video and engineer efficiency logistics division robotic [ limitation mechanical Robotics an robotic increase field It to in delay [ by employees each to engineers are advance in Let's automating routine streamlines apologize Most division cell system the mechanical, and of The all on process by software. of inventory Robotics in than ] proprietary production dependency and and and of common

This System are of logistics high-tech The in the clients the mainly a Robotics defense, defense market. offers The provides sector. inventory supply and manufacturers XX% an such Robotics sector, major currently, scanners the [ leading marking, for enables as printers division sector. software in ]. ]. defense primary equipment is computer It sector clients handled XXX retail and managing in defense floor. division process the the inventory the This throughout projects division and provides Teva related and ] forklift Elbit to division the tablet, workforce, stores [ IKEA as complementary sales a inventory [ [ on RFID The sector. for food management. integrator from accounting segments. Zebra to Aluwit employees client It and transitioned software is are to software are ] And of equipment inventory and industrial are hardware retail services the has Shufersal report the with movement the chain. for tracking system from in among and successfully RFID

defense Supply electronic the The division and Israeli high-tech to distributes Chain components franchised segment.

are space projects. leading components and franchise aviation in combined defense industry Our

the the manufacturers segment. industries, [ and aircraft Elbit leading Our Fael Israeli customers primary Systems ], Israeli the the in are the defense

million. XX for Financial year $X.X $XX $X EBITDA XX balance loans, June is months million of TTM million. as amounted million, of cash and to trailing equity income P&L. net 'XX. and outlook sheet. of to million, EBITDA, $XX Total net million assets Trailing of revenues TTM $XX 'XX amount months $XX amounted

[Audio gap]

the to Chairman. turn X.X is call X I less than Dekel, to Ziv BOS. value want Mr. over versus book for

Ziv Dekel

Thank and you, afternoon and good to Eyal, morning quarter. this [indiscernible]

key a solutions that range wide deal division delivered are of on very [ the products ]. Chain Supply professional First perspective, by has disorientation and a

the with growth we half ] in look a of and And for resumption of the our defense and shows in now XX% fully to been process quarter to in customers. the our from trained significant the months [ The projects challenging capacity, the to see nowadays as resurgence the be in see organization facing has division about the future. the [ are demand general to of of us growth said XXXX. segment. [ that 'XX successfully expertise related by The Israeli Currently, RFID robotics process second trailing to potential very processes Robotics we [indiscernible] different $XX fomenin Eyal Israeli reason are which being the defense the division to ongoing XX ], for third is a realized the [ in defense the [ only we ] to that before, division in optimistic a transition revenues the XXXX million ] the ]. The demand project the market. Despite market, amounting division and division forward established, gives current is market and

and parallel and efficiency our steps, revenues service thus line our maintaining We profits. continue product to expanding our

expect review our in the in XXXX overall on the and and economic of our areas the change to construction, offer activity now expect based market We -- economic [ growth based services in -- segment segment to segments. logistics of the ] and civil wide-ranging in

is both existing growth as to The lines product Regarding acquisitions. organic on strategy, new basically X organic expanding our technologies. offering markets more ] BOS' develop well [ growth and fronts based with adding complementary by brands our on offering and based as

presentation I for with [ company adjacent activities Our technology M&A on activities value added ] focused within have Eyal broader trust activities. you searching with in significant to and synergies operating core for by strategy. company now Thank we [ ] current -- of markets the a efforts overall processes are will your led attention. our hand over Eyal. I back challenging do team perspective BOS's ] and [ these

Eyal Cohen

this Instructions] time, [Operator begin we Thank you, [ Q&A ]. the Ziv At session.

Unknown Analyst

Guys, can hear me? you

Eyal Cohen

Yes.

Unknown Analyst

good to quarter that company ThinkEquity, still book investor has see was at talk It and maybe relations over the about by XXX a still you is I Congratulations look value events of trading under analyst coming another profitable a had coverage share. on you the there. up? of some $X share that Can but the

relations that? help investor will some hopefully, So

Eyal Cohen

Yes.

will starting start week, -- period. I X months guess, So for we have next to

very it conference -- I L.A. meeting. board. on end be And [ ] are one-on-one the at So LD the in Micro that be October, these -- will of are will And extensive in activities October in the those

Unknown Analyst

just Okay. dramatic cost, margins seeing And the world, that the then about could Can to and improvements around are various the And due in a increases increased you you components talk address? the you follow-up question. labor across margins of any inflation shortages board? or

Eyal Cohen

year impressive first profit a in gross hope the wide half the trend well. -- this improvement presented half margin. of continue from the will we range have the Because of In year, second in regarding is products. And very I of an gross this as the profit the we that margin.

of in of and higher the as we level second as PR half mentioned mentioned, Regarding revenues, in the year. the Ziv expect revenues the I

Ziv Dekel

regarding the comment Additional gross margin.

I into we think capacity due also improved building the [ position the being -- or is in that is into coming gross action the improvement quarter-to-quarter bring is from the all BOS shown is to is profit. the the it margin people that would our competition, ] the of gross in it in competitive sectors, getting

Unknown Analyst

kind the Right the regarding footnote. question robotics. just final a And are revenues now, a of Okay.

robotics a revenues your I decent a becoming significant percentage in division think of future? that's we're sub anticipate you $X the the million. Do

Eyal Cohen

of a process -- there division. I are think in the in lot robotic projects the

the right deliver the to So reflect $X think the $X business real should step. $X and have Those what Currently, Then year or but a and million now. after, operational a meet the this million first does we step. next on a build business revenue to year the see the and current this the year. to million how I reach year, not we will target is $X to we even we we changes But for the flow. a need This next to the process floor automation production of do million. challenging business to consider for

Unknown Analyst

question. Benchmark. Legg A quick from Mike It's

of You in defense Supply orders XXXX starting expand the sector. first third to weak being area on resurgence that from and division, you that the just Can please? was Chain see you're that, strong, quarter. mentioned a half

Eyal Cohen

you the year, give the of -- sector got [Audio defense the gap] from during Yes. numbers. in And an mid-August, the July the million. of -- orders amount $XX got half in I first we example the we in our from In and

good is a

gap] [Audio

reach we certain line renew to level that to to our keep before inventory for need that, as they of revenues. of a And remain because $XX million outlook it.

Unknown Analyst

Great. Thank you.

Eyal Cohen

of analyst Michael Benchmark. way, Legg is the By the

introduce you, Any Shuki questions? to ]? Mike. [ Just

Unknown Analyst

the second in first quarter and wanted to will revenues? see strong likely I a quarters. the third Yes, the the and know, Or I for -- to better you the the in. think by came how that Or be bit be first your half, third conference fourth you outlook? little most the just XXXX? to Or the have expect call, year? or But to for I the also you do quarter know similar very if than any any do indication you second better saw And much wanted is I outlook just or missed X

Eyal Cohen

Okay.

them. that, will stronger be So the the because usually, third beginning third than first bit -- our the the And quarter order we all the that the hard are to orders quarter of fourth. during second supply and and that in a work the very to supply And will I got -- second the one. third strongest the quarter we think quarters at the of little

the regarding $XX it keep it's fourth -- a challenge the the all And as million. our During is transportation. quarter, outlook for we and

outlook, a is -- the very in to week Israel. in in Regarding market -- all growing years but the -- hard our next year, will we is any Which not trend. have is defense we released next plan to stick

is Supply is other I defense in XX% in the RFID market. -- defense XXX% say market. can And the So the The on the division RFID division, that segment. Chain the it's

we together the Israeli defense industry. defense with to the So industry with hope grow

this Okay. this time. no there are that I We during further at shared you and your the questions participation active insight meeting. appreciate valuable see

Bye-bye. have concerns, or next us. please Thank contact you If any questions you you further see and time.

Moshe Zeltzer

Thank you, everybody.

B.O.S. Better Online Solutions (BOSC) 22 Aug 242024 Q2 Earnings call transcript