B.O.S. Better Online Solutions Ltd. (NASDAQ:BOSC) Q1 2023 Earnings Call Transcript

Eyal Cohen: Yeah. We have ongoing orders from the defense — from the Israeli defense industry mainly from the Israeli aircraft industry. We are in the middle of delivery of relatively big order of more than $3 million that we announced before. And as long as, we are working on a specific project, which are very — which has — which have a high demand in the market. So as long as it continues we will continue to grow and we are shaking hand with this industry. In the Robotic division, we did a transition to the defense sector in Israel and most of the projects that are on the line today on the floor are for the defense sector.

Todd Felte: Okay. That’s great to hear. Thank you again for taking my questions and congratulations on an outstanding quarter.

Eyal Cohen: Thank you, Todd.

Ziv Dekel: Thank you, Todd.

Operator: [Operator Instructions] There are no further questions at this time. I would like to turn the call over to Mr. Eyal Cohen, CEO to make a concluding statement. Mr. Cohen, please go ahead.

Eyal Cohen: Thank you. I am pleased with the turnaround that started in the second half of year 2020 [ph]. We had a strong quarter and we will probably meet our targets for year 2023. However, our Chairman need us to work on year 2024 results. Thank you for joining our call today and I am looking to meet you on our next earnings call scheduled for August. Till then you are invited to contact me for any matter. Thank you and have a great trading day. Thank you.

Operator: Thank you. I would like to remind participants that a replay of this call will be available on the company’s website www.boscom.com by tomorrow. This concludes the BOS first quarter 2023 results conference call. Thank you for your participation. You may go ahead and disconnect.