Q2 2020 BOS Better Online Solutions Ltd Earnings Call

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Ladies and gentlemen, thank you for standing by welcome to the boss second quarter Twentytwenty results Conference call. All participants are present in listen only mode. Following managements formal presentation instructions will be given for the question and answer session for operator assistance.

The conference we press Star Zero as a reminder, this conference call is being recorded and will be available on the boss website adds up tomorrow.

With us on the line today is Mr. Ya'll Cohen CEO before I turn the call over to Mr., Colin I would like to remind everyone. The forward looking statements for their respected company's business financial condition and results of its operations are subject to risks and uncertainties.

Cause actual results to differ materially from those contemplated such forward looking statements include but are not limited to product demand pricing market acceptance changing economic conditions risks and product and technology development and the effect of the company's accounting policies as well as certain other risk factors, which.

Our detailed from time to time and the company's filings with the various securities authorities.

I would now like to turn the call over to mystery Ya'll Cohen Mr. Cohen.

Please go ahead.

Thank you.

Your shareholders.

That's really describes in digital.

Our challenge.

Walter.

Let's turn around parcels of door Baltic business is longer deeper than initially anticipated.

Despite the write books.

Just one single Bostick business during the second quarter.

We have made significant progress since this is a personal inside.

Steve.

We have challenges onto some sorry.

Yes.

I'm, putting all my time, and therefore, it's improved a little Baltic slots from Obstructiveness worldwide.

And our competitive advantage so.

So it's all subject, although ships and kids.

So Baltic business and given point.

That's true and stuff.

Revenues for the first six months, if you're trying to decrease.

In the deal.

Loss from 16.6 million gold all in the first six months.

You're not.

The decrease was primarily attributed to this but still the Colby.

Sure well, Dallas, I do and sometimes contributions.

Luxury will make up for these short form in the second house off your trip so that the year trend to revenues remained the same ours did your 19 million 34 million doing all under one suburban.

Despite the decrease in revenues.

Hi, Jim Division treating their operational poultry for 300000 told in the first six months here in my team.

1 million dollar in the first six months so fear.

Based on strong related performance so far so lightroom. Another 50 confusion in the first off over the year.

The restructuring over the whole Baltic business operation under right all right.

Further we anticipate that boasts would retire internet poultry in the third quarter of this year.

That completes my review no I would say questions.

Thank you ladies and gentlemen at this time, we will begin the question and answer session. You have a question. Please press star one if you wish to decline from the polling process. Please press star to if you're using speak or equipment kindly with the handset before pressing the numbers your questions will be pulled in New York.

What are they are seats, we standby we poll for your questions.

The first question is from Todd felt of our HK capital. Please go ahead.

Good morning, Yell just wanted to clarify a a couple of things are there will be no more write offs in the robotics going forward is that correct.

Yeah, as I mentioned before this quarter.

The second quarter, we rolled out for you all the investments go about it because.

That's it that's we had been goal, but you can business was seen in times your philosophy goodwill.

We also wrote also volatile so yeah.

Inventories so.

Yeah, we don't expect at fault or.

Fault or rights Olson things going forward.

Okay, and if I'm doing the math right it looks like see a or if I D and supply chain earned about 19 cents a share in the first six months of a year and I do we expect that business to continue to be strong and hopefully the robotics wont wont pulls back further.

Yeah.

And just to said in late June or your views that too.

So again to supply turned on to.

It really goes to first quarter, despite the decrease in revenues.

The bottom line was better than a year in 19.

Do you.

Once the reason why the second I'll talk to you won't be the same.

And so together with the cost reduction we made in the robotics business and the restructuring we made some their role to say we did.

Right.

Oh and I believe that's the second they'll told a year.

He loves it better news to share with you.

Okay and on the robotics when can we start expecting some must sales in the U.S. or or in other countries can you kind of give us some color on on how the sales are proceeding.

And do you sell our initial planning tools drought conditions in the U.S. really starts to this year.

We opened the cell system the use of the beginning of the year.

Unfortunately.

You did in Fourq.

And the coffee to your need to segmentation that closer.

The much more halls, and then there is usually.

She was rather than two.

We all in all doing a personal changing the U.S. office.

And in addition to be equal to the.

In addition to their fault in the U.S. unselfishness or if you're Lucky we also so stressful for <unk>.

As we expand.

Our soliciting.

So there's no change in their list of an award meaning to have more distributors.

The rest of the was currently we are very jeff's to learn.

Going to.

Tripoli too by the end of this year, so like gluten they'd love to fulfill defaulting <unk> chime in as well.

So if I had the beginning of the year, we booked all for floating day, mainly in the U.S. smoker no synergies over the years small kids.

It is rather than the rest of the floor.

Okay that sounds great I appreciate you, adding some color to that thank you.

Inclusive.

If there any additional questions. Please press star one.

Wished to decline from the pulling process. Please press star too. If you are using speaker equipment kindly with the handset before pressing the numbers questions will be pulled in the order. They are received please standby, while we pull for more questions.

There are no further questions at this time before I ask Mr. Cohen to go ahead with his closing statement I would like to remind participants that a replay of this call will be available on the company website.

Right Www Dot Waskom dotcom by Tomorrow, Mr., Colin would you like to make your concluding statement.

Yes, thank you there.

Thank you for enjoying the quantity.

Hi, Tim and I will walk for better news this war with mix.

Press release, I know its with breast disease.

Thank you very much will join us.

This concludes boss second quarter 2020 results conference call. Thank you for your participation you May go ahead and disconnect.

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