NASDAQ:BOSC B.O.S. Better Online Solutions Q4 2023 Earnings Report $3.66 0.00 (0.00%) Closing price 05/5/2025 04:00 PM EasternExtended Trading$3.72 +0.05 (+1.50%) As of 05/5/2025 07:55 PM Eastern Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Polygon.io. Learn more. Earnings HistoryForecast B.O.S. Better Online Solutions EPS ResultsActual EPS$0.07Consensus EPS N/ABeat/MissN/AOne Year Ago EPSN/AB.O.S. Better Online Solutions Revenue ResultsActual Revenue$10.89 millionExpected RevenueN/ABeat/MissN/AYoY Revenue GrowthN/AB.O.S. Better Online Solutions Announcement DetailsQuarterQ4 2023Date3/28/2024TimeN/AConference Call DateThursday, March 28, 2024Conference Call Time9:00AM ETUpcoming EarningsB.O.S. Better Online Solutions' Q1 2025 earnings is scheduled for Thursday, May 29, 2025, with a conference call scheduled at 8:30 AM ET. Check back for transcripts, audio, and key financial metrics as they become available.Conference Call ResourcesConference Call AudioConference Call TranscriptPress Release (8-K)Earnings HistoryCompany ProfilePowered by B.O.S. Better Online Solutions Q4 2023 Earnings Call TranscriptProvided by QuartrMarch 28, 2024 ShareLink copied to clipboard.There are 4 speakers on the call. Operator00:00:00Ladies and gentlemen, thank you for standing by. Welcome to the BOS conference call. All participants are at present in listen only mode. As a reminder, this conference call is being recorded and will be available on the BOS Web site as of tomorrow. Before I turn the call over to Mr. Operator00:00:17Cohen, 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. 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 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. Eyal Cohen, CEO. Mr. Operator00:01:02Cohen, please go ahead. Speaker 100:01:08Thank you for joining our call today. Mr. Zippe Ekel, Chairman and Moshe Zeltzer, CFO, are on the call with me today. I'm excited to meet you again at our quarterly video meeting. During this meeting, we will review our financial results, business trends and growth strategy. Speaker 100:01:31After that, we will have a Q and A session. Year 2023 reflects record results of pause. We have achieved this goal gradually and consistently since year 21. During those years, our revenue grew from $33,600,000 in year 'twenty one to $44,200,000 in year 'twenty three. EBITDA grew from less than $1,000,000 in year 'twenty one to more than $3,000,000 in year 2023. Speaker 100:02:14Our net income grew from $500,000 in year 2021 to $2,000,000 in year 2023 and our EPS grew from $0.08 in year 20 21 to 0 point 3 $5 in year 2023. During those years, we also strengthened our financial position. Our total assets grew from $25,000,000 in year 2021 to $32,000,000 in year 2023. Our shareholders' equity increased from $14,000,000 in year 2021 to $19,000,000 on year 2023. And our cash net of bank loans remained positive, standing at $1,200,000 at the end of year 2023. Speaker 100:03:09Despite all those positive trends and progresses that have been made during this period, our market cap remained roughly unchanged. It was $50,000,000 on December 21 and remains $15,000,000 $60,000,000 to date. The following slide presents Bob's current valuation ratio. The market cap ratio to net income of year 2023 is 7.7%. Market cap ratio projected net income for year 2024 is 7.1%. Speaker 100:03:53Market cap ratio to EBITDA of year 2023 is 5.1 percent and market cap ratio to shareholders' equity is only is less than 1 percent, it's 82%. I hope that BOSSS will have analyst coverage this year to expose our story to more investors. Business expanded the list of electronic manufacturers it represents and increased its sales force. Hence, we expect revenue growth from those products in year 2024 and forward. In addition, the current situation in Israel has increased the demand for Israeli Defense segment, and we anticipate that it will positively affect the Supply Chain division revenues in year 2024. Speaker 100:04:55On the other hand, during year 2023, this division benefited from high demand for electronic components because of the shortage in the market during the COVID period. We expect that in year 2024, the market will return to standard demands. The RFI Data Vision sales are mainly to logistics centers in Israel. Its revenues in year 2023 decreased by 10%, affected by the slowdown in the Israeli civilian sector. During year 'twenty three, we significantly expanded our offering portfolio, and we expect this will yield revenue growth in year 2024. Speaker 100:05:37The Intelligent Robotics division is successfully transitioning from the Israeli civilian sector to the Israeli defense sector, which will promote its continued growth in year 2024. According to this, those business trends, we anticipate $46,000,000 of revenues in year 2024 and net income growing by 10% to $2,200,000 I want to turn the call over to Mr. Zivdekal, Chairman, who will elaborate on our growth strategy. Speaker 200:06:14Thank you, Riyadh, and good morning and afternoon to everybody. In reference to Riyadh's points and within a broader framework, VOSA's 2023 record results are the primarily effect of a thorough comprehensive in-depth capabilities and organizational buildup and enhancement process that Eyal has been leading and conducting for the past years. Hence, reviving most of Box's core business, bringing it to a consistent course of capability based, sound organic growth of sales and profit. Combining this with favorable market dynamic trends in the Israeli Defense and High-tech segments, We plan to continue expanding to these expanding the business lines of all our divisions within these segments. These segments are the previous segments in the Israeli market. Speaker 200:07:17In addition, we plan to expand the RFID division footprint from the production floor and warehouse to the retail store. Also, we continue our M and A efforts focusing on local competitively and operatively synergetic companies. I trust Bose's team led by Al to win these challenging processes on the broader perspective of all over the company strategy. Thank you for your attention. I will now hand over the presentation back to Iain. Speaker 100:07:55Thank you, Ziv. At this time, we begin the Q and A session. If you have questions, please unmute and present yourself while all other participants remain on mute. Thank you. While all other participants remain mute. Speaker 100:08:38Thank you. Speaker 300:08:59I had a question regarding your robotics division. It looks like was the first time it was profitable. Is that correct in the Q4? Speaker 100:09:09Yes. Hi, Thug. How are you? Speaker 300:09:11I'm pretty good. Thank you. Speaker 100:09:13So in the Q2 of this year, in FY23, it was breakeven. Also in the Q3, I mean, the Q4, it's profitable. Speaker 300:09:25Okay. And do you expect that to be your fastest growing division in 2024? Speaker 100:09:33Yes. It will increase its revenue significantly in percentage, yes, in year 'twenty four according to year 'twenty three. Speaker 300:09:43Okay. And finally, the 4th quarter revenues were a little bit weaker due to the war that began in October. Do you expect a lot of that business Was it pushed to the Q1 or will we see that just come in throughout the year? Speaker 100:10:02I believe that it was pushed in the first and then the second quarter. And it gave us comfort to provide the outlook for year 2024 for growth. Speaker 300:10:20Okay. And you had a really nice slide there kind of showing your market cap and some of your valuations, maybe in the future or if you could add to that, maybe you could include some other companies in a similar industry as yours for a competitive standpoint? Obviously, just from straight valuations, you look extremely undervalued. Is there any other Israeli companies in your industry or any other companies that maybe you could compare those numbers to? Speaker 100:10:58Yes. It's good. I hope there will be an analyst coverage during this year. I hope that by the first half of the year. And I'm sure that in that report, we will see this comparison analysis. Speaker 300:11:16Okay. Thank you for taking my questions. Congratulations on a really strong year. And I look forward to 2024. Speaker 200:11:23Thank you, Tod. Speaker 100:11:29Any further questions? Okay. There are no further questions at this time. So thank you for joining our call today. We look forward to meeting you again on BOS' first quarter call, which will be in May 24. Speaker 100:11:56Thank you all. Thank you all. Thank you.Read morePowered by Conference Call Audio Live Call not available Earnings Conference CallB.O.S. Better Online Solutions Q4 202300:00 / 00:00Speed:1x1.25x1.5x2x Earnings DocumentsPress Release(8-K) B.O.S. Better Online Solutions Earnings HeadlinesBOS Better Online Solutions RFID division secures $375,000 orderApril 10, 2025 | markets.businessinsider.comWhy B.O.S. Better Online Solutions' (NASDAQ:BOSC) Earnings Are Better Than They SeemApril 10, 2025 | finance.yahoo.com3..2..1.. AI 2.0 ignition (don’t sleep on this)I just put together an urgent new presentation that you need to see right away. In short: I believe we are mere days away from a critical announcement from a key tech leader… One that will officially ignite “AI 2.0” – and potentially send a whole new class of stocks soaring. May 6, 2025 | Timothy Sykes (Ad)B.O.S. Better Online Solutions Full Year 2024 Earnings: EPS: US$0.40 (vs US$0.35 in FY 2023)April 2, 2025 | finance.yahoo.comB.O.S. Better Online Solutions Ltd. (NASDAQ:BOSC) Q4 2024 Earnings Call TranscriptApril 1, 2025 | msn.comB.O.S. Better Online Solutions Ltd.: BOS Reports Financial Results for the Fourth Quarter and Full Year 2024March 31, 2025 | finanznachrichten.deSee More B.O.S. Better Online Solutions Headlines Get Earnings Announcements in your inboxWant to stay updated on the latest earnings announcements and upcoming reports for companies like B.O.S. Better Online Solutions? Sign up for Earnings360's daily newsletter to receive timely earnings updates on B.O.S. Better Online Solutions and other key companies, straight to your email. Email Address About B.O.S. Better Online SolutionsB.O.S. Better Online Solutions (NASDAQ:BOSC) provides intelligent robotics, radio frequency identification (RFID), and supply chain solutions for enterprises worldwide. The Intelligent Robotics Division provides custom-made machines for industrial automation and assembly of products and packing that offer technological solutions. The RFID Division provides hardware products, such as thermal and barcode printers; RFID and barcode scanners and readers; wireless, mobile, and forklift terminals; wireless infrastructure; active and passive RFID tags; ribbons, labels, and tags; and RFID systems for libraries. It also develops Warehouse Management System, a data collection solution for logistics management in logistic centers and warehouses; RFID-based systems for tracking inventory in a produce packing house; automatic systems for industrial packing lines; automatic systems to track the production line; and automatic systems to identify and track vehicles for transportation-related settings. In addition, this segment provides maintenance and repair services for data collection equipment, as well as warehouse and on-site service plans; on-site inventory count services in various fields; and asset tagging and counting services for corporate and governmental entities. The Supply Chain Division offers electro-mechanical components, electronics components, communications products, and components consolidation services to aerospace, defense, and other industries. This segment also provides inventory and quality control management of components entering production lines; and inventory management services for ongoing projects, including warehouse functions. The company markets its products through direct sales and sales agents, as well as through distributors. B.O.S. Better Online Solutions Ltd. was incorporated in 1990 and is headquartered in Rishon LeZion, Israel.View B.O.S. 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There are 4 speakers on the call. Operator00:00:00Ladies and gentlemen, thank you for standing by. Welcome to the BOS conference call. All participants are at present in listen only mode. As a reminder, this conference call is being recorded and will be available on the BOS Web site as of tomorrow. Before I turn the call over to Mr. Operator00:00:17Cohen, 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. 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 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. Eyal Cohen, CEO. Mr. Operator00:01:02Cohen, please go ahead. Speaker 100:01:08Thank you for joining our call today. Mr. Zippe Ekel, Chairman and Moshe Zeltzer, CFO, are on the call with me today. I'm excited to meet you again at our quarterly video meeting. During this meeting, we will review our financial results, business trends and growth strategy. Speaker 100:01:31After that, we will have a Q and A session. Year 2023 reflects record results of pause. We have achieved this goal gradually and consistently since year 21. During those years, our revenue grew from $33,600,000 in year 'twenty one to $44,200,000 in year 'twenty three. EBITDA grew from less than $1,000,000 in year 'twenty one to more than $3,000,000 in year 2023. Speaker 100:02:14Our net income grew from $500,000 in year 2021 to $2,000,000 in year 2023 and our EPS grew from $0.08 in year 20 21 to 0 point 3 $5 in year 2023. During those years, we also strengthened our financial position. Our total assets grew from $25,000,000 in year 2021 to $32,000,000 in year 2023. Our shareholders' equity increased from $14,000,000 in year 2021 to $19,000,000 on year 2023. And our cash net of bank loans remained positive, standing at $1,200,000 at the end of year 2023. Speaker 100:03:09Despite all those positive trends and progresses that have been made during this period, our market cap remained roughly unchanged. It was $50,000,000 on December 21 and remains $15,000,000 $60,000,000 to date. The following slide presents Bob's current valuation ratio. The market cap ratio to net income of year 2023 is 7.7%. Market cap ratio projected net income for year 2024 is 7.1%. Speaker 100:03:53Market cap ratio to EBITDA of year 2023 is 5.1 percent and market cap ratio to shareholders' equity is only is less than 1 percent, it's 82%. I hope that BOSSS will have analyst coverage this year to expose our story to more investors. Business expanded the list of electronic manufacturers it represents and increased its sales force. Hence, we expect revenue growth from those products in year 2024 and forward. In addition, the current situation in Israel has increased the demand for Israeli Defense segment, and we anticipate that it will positively affect the Supply Chain division revenues in year 2024. Speaker 100:04:55On the other hand, during year 2023, this division benefited from high demand for electronic components because of the shortage in the market during the COVID period. We expect that in year 2024, the market will return to standard demands. The RFI Data Vision sales are mainly to logistics centers in Israel. Its revenues in year 2023 decreased by 10%, affected by the slowdown in the Israeli civilian sector. During year 'twenty three, we significantly expanded our offering portfolio, and we expect this will yield revenue growth in year 2024. Speaker 100:05:37The Intelligent Robotics division is successfully transitioning from the Israeli civilian sector to the Israeli defense sector, which will promote its continued growth in year 2024. According to this, those business trends, we anticipate $46,000,000 of revenues in year 2024 and net income growing by 10% to $2,200,000 I want to turn the call over to Mr. Zivdekal, Chairman, who will elaborate on our growth strategy. Speaker 200:06:14Thank you, Riyadh, and good morning and afternoon to everybody. In reference to Riyadh's points and within a broader framework, VOSA's 2023 record results are the primarily effect of a thorough comprehensive in-depth capabilities and organizational buildup and enhancement process that Eyal has been leading and conducting for the past years. Hence, reviving most of Box's core business, bringing it to a consistent course of capability based, sound organic growth of sales and profit. Combining this with favorable market dynamic trends in the Israeli Defense and High-tech segments, We plan to continue expanding to these expanding the business lines of all our divisions within these segments. These segments are the previous segments in the Israeli market. Speaker 200:07:17In addition, we plan to expand the RFID division footprint from the production floor and warehouse to the retail store. Also, we continue our M and A efforts focusing on local competitively and operatively synergetic companies. I trust Bose's team led by Al to win these challenging processes on the broader perspective of all over the company strategy. Thank you for your attention. I will now hand over the presentation back to Iain. Speaker 100:07:55Thank you, Ziv. At this time, we begin the Q and A session. If you have questions, please unmute and present yourself while all other participants remain on mute. Thank you. While all other participants remain mute. Speaker 100:08:38Thank you. Speaker 300:08:59I had a question regarding your robotics division. It looks like was the first time it was profitable. Is that correct in the Q4? Speaker 100:09:09Yes. Hi, Thug. How are you? Speaker 300:09:11I'm pretty good. Thank you. Speaker 100:09:13So in the Q2 of this year, in FY23, it was breakeven. Also in the Q3, I mean, the Q4, it's profitable. Speaker 300:09:25Okay. And do you expect that to be your fastest growing division in 2024? Speaker 100:09:33Yes. It will increase its revenue significantly in percentage, yes, in year 'twenty four according to year 'twenty three. Speaker 300:09:43Okay. And finally, the 4th quarter revenues were a little bit weaker due to the war that began in October. Do you expect a lot of that business Was it pushed to the Q1 or will we see that just come in throughout the year? Speaker 100:10:02I believe that it was pushed in the first and then the second quarter. And it gave us comfort to provide the outlook for year 2024 for growth. Speaker 300:10:20Okay. And you had a really nice slide there kind of showing your market cap and some of your valuations, maybe in the future or if you could add to that, maybe you could include some other companies in a similar industry as yours for a competitive standpoint? Obviously, just from straight valuations, you look extremely undervalued. Is there any other Israeli companies in your industry or any other companies that maybe you could compare those numbers to? Speaker 100:10:58Yes. It's good. I hope there will be an analyst coverage during this year. I hope that by the first half of the year. And I'm sure that in that report, we will see this comparison analysis. Speaker 300:11:16Okay. Thank you for taking my questions. Congratulations on a really strong year. And I look forward to 2024. Speaker 200:11:23Thank you, Tod. Speaker 100:11:29Any further questions? Okay. There are no further questions at this time. So thank you for joining our call today. We look forward to meeting you again on BOS' first quarter call, which will be in May 24. Speaker 100:11:56Thank you all. Thank you all. Thank you.Read morePowered by