Q4 2021 BOS Better Online Solutions Ltd Earnings Call

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Ladies and gentlemen, thank you for standing by.

And that shall report will be released in the next five minutes in the conference call weekend. Thank you.

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Ladies and gentlemen, thank you for standing by the conference will begin in a moment.

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Ladies and gentlemen, thank you for standing by welcome to the BLS year 'twenty 'twenty. One results conference call. All participants are present in a 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 as a reminder, this call.

Conference is being recorded and will be available on the B O S website as of Tomorrow with us on the line today are Mr. Yao, calling the CEO and Mr. Moshe <unk> CFO before I turn the call over to Mr. Colin I would like to remind everyone that forward looking statements for the respective company's business financial condition and results of its operation.

Are subject to risks and uncertainties, which could 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 in product and technology development and the effect of the company's accounting policies as well as certain other risk factors, which are detailed from time to time in the company's filings with the various securities authorities I would now like to turn the call over to Mr. Alcohol.

T O.

Please go ahead.

Thank you.

Hello, and thank you for joining our quarterly call.

The white product offering boss with 2000 active clients an excellent platform for business development.

That's really a result.

And long term organic external calls.

Regarding both supply chain division.

I believe that the anticipated increase in the defense budget in Europe .

Will positively impact the division's revenues and near 22 because.

Most of it says.

Associated with the Israeli defense industry.

Regarding both sorry, if I did a patient.

Perfect.

The acquisition of the gas business that we recently no.

We did positively impact the revenues in this division and near 22.

Yeah.

Regarding the Robotics division.

The continuing work force shortage.

In factory.

Six centers.

A great growth opportunity for the patient.

To conclude.

We anticipate that our revenues for year 'twenty to really exceed $35 million compared to $33 6 million untold hours near 21.

On the cost aspect.

We have done it with my tour of your parent.

Having increased our cost.

Such a longer lead time products.

Commodities, we check or Dias tower operation efficiency and deferred revenues.

Inflation in salaries commodities and devaluation of the dollar U S dollar against the news that the.

Increased.

Our operational costs.

We're doing extensive <expletive> extensive actions.

We knew all of those cost to our flight customers.

I can make hold level.

Recovery of the Robotics division hasn't been significantly significantly slower than we anticipated.

Okay.

Negatively affected the year 'twenty, one quite naturally Cogs, we continue our effort to bring down the bulk of the patient to a breakeven point.

And year 'twenty two.

To conclude.

We expect near 22 of net income to exceed $1 billion.

Compared.

Two 450000 Golar.

And year 'twenty one.

That completes my review.

I will now take your question please.

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

Using speaker equipment kind of lift the handset before pressing the numbers questions I'll be Paul in the order. They are received please stand by while we poll for your questions.

As far as question is from Todd felt hey.

Hey, just financial services. Please go ahead.

Oh, Thanks for taking my questions. Good morning, Yale and Avi I was wondering if the supply chain crunch or the war in Ukraine has it created any problems or opportunities for the company and can you add some color to that.

Thank you Chuck.

Yeah.

I believe that the anticipated increase in the defense budget in Europe .

Because of its attention.

The military retention there.

It will positively impact the division's revenues and you know 22, because most of the sense of their supply chain divisions to the Israeli defense industry and I assume that this industry will take it.

A significant portion of these military budget.

Okay and was also I had some questions on the expanding business in the UAE I know that's a new avenues for business that you know we didn't expect is going to happen a.

A couple of years ago is is that continuing to expand and do you have any other other countries in the region that are starting to give you orders that you weren't expecting.

Currently the client got to react to that to start to do business with them a year ago, We got two.

Ongoing orders from these clients or the business all going well I think it's a matter of time that to you today.

The Israeli defense industry is going through this market.

The increase of our revenues in this market to sweat.

Okay. Thanks for taking my questions and congratulations on a good quarter. Thank you very much.

And are there any additional questions. Please press star one if you want to take that.

Clients in the polling process. Please press star two.

If you are using speaker equipment in China with a handset before pressing the numbers I think questions will be pulled in the order. They are received please standby while we poll for your questions.

There are no further questions at this time before I ask Mr. Colin 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's website.

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

Thank you for joining our call today and I'm looking forward to meet and do it all.

On our next call.

Before you can contact me.

At any time by phone or by email.

Thank you.

This concludes B O S year 2021 results conference call. Thank you for your participation you May go ahead and disconnect.

Okay.

Okay.

Yeah.

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