Q3 2020 BOS Better Online Solutions Ltd Earnings Call

Ladies and gentlemen, thank you for standing by welcome to the BLS third quarter 2020 results conference call all participants the person in the listen only mode.

Couple of presentation instructions will be given for the question and answer session drop radar systems. During the conference. Please press Star zero.

As a reminder, this conference call is being recorded and will be.

Phil on the Pos of upside of of Tomorrow.

With US online today are Mr. Gill chairman and the story Alco and CEO before I turn the call over to Mr., Steve I would say kind of I never.

The forward looking statements with respect to the company's business.

In addition of results the tougher.

And.

Subject to risks and uncertainties, which could cause actual results to differ materially from those contemplated such.

Such forward looking statements include the are not limited to product demand pricing back and acceptance change and economic conditions and product.

Knowledge of element and the.

Most of the company the accounting policies as well and other sectors, which are detailed from time to time and the company's filings with the various security the authority I would now like to hand, the call over to Mr. The culture. Mr. Duncan. Please go ahead.

Thank you Hello, and thank you wear for joining our call two day encouraged by the progress we've made so far I would like to share with you a my view from three different point of view.

For the quarter of the water perspective of ever on yours and the.

Operating profit and net income has turned the wrong.

From another perspective on the division.

On the made significant progress and sales marketing cost structure efficiency and in general the competitive capabilities from a strategic and perspective of the company's no on the very well and execute consistent better.

When the hatching and fortify and gets competitive position on.

And grow into the national business scrubber business, we'd be specific chargers risks and opportunities.

Sure I would like to thank you.

And would like to turn the call to are you on corn or where she is.

[laughter] Turkey.

Hello, and thank you for a joint and our culture.

I'm pleased to.

<unk> dollar share holders expectations for both the third quarter and positive outlook for the full quarter this year and for the year and 21.

Our supply chain and all of the divisions presented the strong performance and the third quarter and this first nine months of the year. Despite the call we thought the diversity of sector due to revenue.

The supply true keeps on the really cool pool for really true on the turnaround and all the free Division <unk> <unk> and <unk>.

Of course.

Really investing and the robotics business to meet the goals and during the Bush for the come in the years of.

Well the draw your fall research worldwide said industrial the walls of company.

Pounded on all the goals of faulting per se.

We plan to realize this gross potential buyers tend to be low and north American prisons.

Which we have targeted as the key market for our bottom line.

At the beginning of the year, we opened the shows on fixing the U.S., but the Colby on dynamic has made the penetration much more complicated and expect.

We have adjusted our sales and marketing plans and make the personal changes changes should the U.S. and.

I believe that's true no changes.

Well position on.

In addition, the tour of the year trend to on.

Accordingly, we expect gross revenues for you and 21 of the extreme.

$33 million.

Net profit.

Well one of you didn't book.

Thank you and non women and take your questions.

Thank you ladies and.

At this time and we'll begin the question and answer session. If you have of question. Please press star one if you wish the kefir request. Please press star two if you're using speaker equipment and the lift the handset pressing the numbers. Your question don't be pulled and the are there seems piece and bilingual for your questions.

And the first question is from top sales of our H. capital. Please go ahead.

Good morning, and even now congratulations on a great quarter, there and it was nice to see the turnaround on.

Appreciate you, giving guidance for your 2021, and you had projected the 33 million and revenues.

What's your current backlog.

Hi, Doug Thank you for the question.

And our backlog I will say and then over the third quarter was $14 million. So we still need to bring good news is the amount of about $90 million flow to meet the targets, we'll see a year and 21.

Interest challenging, especially when we talked loans the future of sectors of the Colby.

On the economy and.

The one of the called me gross fiction, the really <unk> and <unk>. In addition, we have the and the challenge you'll see penetrating true the U.S. and marketing the year 21.

So we.

Yeah, the lots of walking challenges.

And the Green bracing.

Myself and the board of directors officers on the.

On the Boston Please [noise].

Like all true Grad that the Yahoo is just no leading gosh you know on.

Placing in terms the sales marketing and support infrastructure and the U.S. say, it's a lot of my board and and you begin to see the the the build up Oh, we do see infrastructure, which I believe that we bear fruit as we go along the way.

Good day.

And next year, Okay, and the use of course the head.

Yes. Thank you also along with the guidance of 33 million you projected a net income of over $1 million and if I'm doing my math right. That's around 25 cents a share which you know seems like your company's fairly undervalued are you planning any on Investor Relations of then.

So the Webinars on those things are tough during Cove and that was just seeing if you had any IR events on the schedule.

And currently we don't have and they are all true.

We don't of IR, you burned about true.

Yeah I believe the next year, we were participating on me.

The conference the Investor conferences.

I'm not sure whether it was taking the IR for him to true.

The go to resolve the screen we can.

And and they treat the I hope it wouldn't be the reflected the and the share price.

But.

And that's it.

Okay, and the finally reading through the financial statements I see you have a tax loss carry forward of around $70 million and that's a that's over $16 per share have you considered any options to utilize that tax loss carry forward or would you be open to be being acquired by now.

Other company that would want to utilize.

I think it's a it's a huge benefit.

By the way you.

The other is a big companies and shows and cases.

Yeah, and recall the tax assets and the by the on shaped on day.

The recalled the tax income accordingly.

And the issue in the right talks assets on the 70 million and go about I guess, we left you're told the team.

The tax income for the <unk>.

More than $10 million, we don't use it we don't use the subject counting.

And shows up to the.

He is going to you we were the use it in the future but to the.

And it's a great opportunity for other companies on.

And that was our and public platform as well so.

It's great opportunities for the company to such a huge success.

Okay, and and now that Youve the you know.

Forecasted consistent profitability and then maybe it becomes more of an asset and sending one was looking to acquire you guys are just the finally, it's been a while since we've had any you know large contract announcements or can you kind of just give add a little color to the the pie.

The line what types of the Companys, you're targeting a you know if you're if you expect any announcements in the near future extra Easter close on any contracts just any any any color since we really haven't had emails and since July.

Yeah, I think getting back to the we were the stock the the sales activities.

In the U.S.

In January the.

We decided to the talking to the off two of the holidays and there and the U.S.

And the I hope the ducting the first quartile of next year.

Share 22 on.

We love the will be able to we read the they release announcement on the contract issues there.

Operating days revenue market, we owe a and penetrating gaze. So on the strategic accounts here in Israel for me.

On the difference in industries on the plastic industry.

And he speaks logistics and the.

The <unk> and once we really have the so yes, we.

We will reach two of my the twisted tea once we will get to the.

So did you call do.

Really the significant or the significant though do absolutely equals the do we really need this announcement.

The I can do for low we always investing on all facets of to the recent to nine months structure of the all the air force to be of.

The operational platform and the sense of block fall off the the future gross engine of the boss reaches the Baltic basins, and I hope that the new and through kind of near 21.

Okay, well I'll hop back in the queue. Congratulations again on completing the turnaround and for a great quarter. Thank you think your ticket too.

If there are any additional questions. Please press star one if you wish the cats. Your question. Please press the star to please standby only poll for questions.

There are no further questions at this time before I ask Mr. Cohen to go ahead of US his closing statement I would like to my participants that a replay of this call, but the available on the company's website www dot Pos com dot com by Tomorrow.

Mr call much like the make his concluding statement.

Yes, Thank you take and for joining our call today and looking forward to meet your getting out of tower and next conference call. The match 21 10-Q.

This concludes its bill and third quarter 2020 results conference call. Thank you for your participation you May go ahead and disconnect.

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