Q4 2020 BOS Better Online Solutions Ltd Earnings Call

We will be better.

The better.

Ladies and gentlemen.

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Ladies and gentlemen, thank you for standing by while it comes to the Bos fourth quarter and full year, 2020 results conference call and.

All participants are at present in listen only mode. Following management's formal presentation instructions will be given for the question and answer session for operator assistance. During the conference. Please press star Zero and.

As a reminder, this conference call is being recorded and will be available on the Bos website as of Tomorrow, well just from the launch day, Mr. Al Cohen, CEO and Mr. Moshe is out there CFO before I turn the call over to Mr. Colin I would like to remind everyone that forward looking statements from their respective company's business financial condition and results of its.

<unk> are subject to risks and uncertainties, which could cause actual results to differ materially from those contemplated such.

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 Companys accounting policies as well as certain and other risk factors, which are 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 Mr. Al Cohen CEO. Mr. Cohen. Please go ahead.

Thank you.

And welcome to bolster and and cool.

I am pleased and the progress we made and the second half year 'twenty with two consecutive quarters of growth and revenues and profits.

We have made significant progress and building the robotic and division to be the growth engine of Bos.

So it's initially and then the fourth quarter revenues, and therefore, Baltic business and became the primary gross capital.

Our bulk and division provides gulfstream automation and mainly for more producers.

And at the Morgan injection pulses true the quality inspection assembly and packaging of the mortgage on a robotic system reduces the work force shortens the production side and on NIM.

Quality controls.

Those are all the critical fuck tool fatos full programs.

And then we're bolting and division mission is to be a leading provider of robotic system for more producers mainly in North America.

To execute this mission.

We established sales and technical support and the USA.

And we made good progress on improving production efficiency, a dollar and development and production center in Israel.

Yet, we haven't locked to improve and I am on a person.

Supply chain Division.

Its revenue was reduced by 5% and near 20, primarily related to India market, but to increase in North America sales and.

And improved gross profit margins and the operating income of your 'twenty amounted to 1.1 million DAU low roughly the same on the torque and you're in 19.

RFID Division.

Its revenues for you and tried to decreased by 7% due to the Covid.

But thanks to cost reduction and Guinea.

Gross profit margin the operating profit of year 'twenty increased to approximately $1 million versus operating loss of 100000 dollar and year and 19.

Yeah.

That completes my review and now I will take your questions.

Thank you ladies and gentlemen at this time, we will begin the question and answer session. If you have a question. Please press star one if you wish to decline from the polling process. Please press star two if you are.

Using speaker equipment kindly lift the handset before pressing the numbers and your questions will be pulled in the order. They are received please standby while we poll for your questions.

The first question is from Todd faulty of Advisory Group equity services. Please go ahead.

Good morning, congratulations on a great fourth quarter and exciting and forecast ahead.

And I wanted to ask you about the robotics gross in the U S. I know you had mentioned that that would be the gross and you know the company going forward and.

And I know, we're hoping to see some additional contracts soon but can you maybe give a little color around the amount of propel.

Proposals you are working on this year as compared to last year and that area.

Hi, and thank you for the question.

And we reorganized the U S sales operation and it's starting to work on the new format opinion and January return to work.

It talks very well.

And meet our expectation.

And as you mentioned and I mentioned also that too and I hope to make the directory and says in the coming months and I cannot give you the.

And a number of proposals and because it's not to publicly and and.

Released before back too.

But really a good way to what we achieved and the one quarter. It didnt achieved and the one year with the previous let's walk through all of the sales office in the U S. So.

And I hope to make that we will make the breakthrough and the coming months as and the U S market.

That's great and one follow up.

Question and I know that you recently had doing that financing that at the end of the fourth quarter I just wanted to clarify and see if there was going to be any need for additional financing coming up or if or you expect there to be no more dilution and no need for additional capital in 2020.

And one.

And no we don't expect to raise the additional day funds.

And near 21 and.

And even though we'll be and need you to any target acquisition and to be.

B I really I really net.

The investor and know about it before.

And before but they don't see he's talking to and getting the year 'twenty one.

Alright, Thanks, again, and congratulations on a great fourth quarter and looking forward to our 2021. Thank.

Thank you.

Yeah.

The next question is from Mark Schindler of pivot point advisors. Please go ahead.

First of all thank you very much for doing the conference call and congratulations on a fabulous quarter looks like a company is really poised for a good growth this year and next year.

I wanted to ask in particular about you know the.

The Robotics Division can you elaborate a little bit on what you're seeing in that division and.

And the types of proposals and you know what your target market is and the margin et cetera. Thank you so much.

And thank you Marc and the.

And how about the cash division.

And now what boating and division.

And we.

Provide the dosing and inflammation, mainly from all the producers.

And we are targeting.

And we are targeting our solutions, our product to mainly to North America.

And we have existing truck customer eating and.

South America as well.

And we have a small and the client base and in the U S. We choose long tool to increase.

And the type of selling day the.

The target audio and see the mall producers, we are very focused on the on those manufactures and which we provide them a complete set of automation.

And at the point of the injection process on the mall and.

Toward the quality inspection of the mall assembly of central on pulp on the mold into one unit and automatic parking.

The solutions and systems for the most and that's why I mentioned, the dose and those systems to reduce significantly the walk for shoulder and the production side to improve the quality and control.

And the and it's a it.

And it has a proven oh why for the a.

More on the.

And they produce and manufacturers.

Okay.

Wonderful. Thank you so much.

Thank you.

If there are any additional questions. Please press star one if you wish to decline from the polling process. Please press star two if you are using speaker equipment kindly and lift the handset before pressing the numbers the questions will be pulled and the order. They are received and please stand.

And while we pull from your questions.

And there was a follow up from Mark Schindler, a pivot point advisors. Please go ahead.

Yeah can you tell us the savings that the companies are derived from your robotics machines and what type of.

Orders, you're saying are going forward on the robotics Division. Please.

Mhm and.

Saving as I mentioned and me too many in and the work force.

The well and the more producers and engage a lot of cities and a lot of day walkers and.

And to park and the more after the after the injection process.

Two stocking to pocket to check it and put it into boxes on the we provide automation for all of it and then.

And in those days, we completed the installation of.

One of our client in the U S.

And we choose we implement a full automation and <unk>.

Line.

And in this slide and you won't see a walkers, meaning and they're all here.

And a.

Starting and gotta be taken no D and malls from the injection machine.

Doing a vision assembly.

And then the stock kicked into sleeves, then put it into into Bulks. Even the there are no employees to open the books, we all day Tomorrow pick machine that opened the Bulks created an opening and then we put a robotic system put the sleep.

This leaves the into boxes and automatic machine and closed the books and so you won't see employees.

On the floor and.

And the but it should each of them on the Doctor can can use and certain models of the system.

And certain employee certain manufacturers take a tool to the and.

And the other tech certain models it depend on their E on.

On the on their budget.

I see excellent well. Thank you so much and keep up the good work. It seems like you've got some great products and robotics division and others. Thank you. So much. Thank you very much. Thank you.

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 Www Dot Baas com dotcom by Tomorrow, Mr. Cohen would you like to make your concluding statement.

Yeah.

Yes. Thank you for joining our call today and I am and we are looking for two hour and next to earn and calling me and thank you have a great day.

This concludes bos fourth quarter and full year 2020 results conference call. Thank you for your participation you May go ahead and disconnect.

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