B.O.S. Better Online Solutions

Ladies and gentlemen, thank you for standing by. Welcome to the BOSS first quarter 2020 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 conference call is being recorded and will be available on the BOSS website as of tomorrow. With us online today is Mr. Eyal Cohen, CEO. Before I turn the call over to Mr. Cohen, 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, change in economic conditions, risks in product and technology development, and the effect of the company's accounting policies. as well as certain of the 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. Mr. Cohen, please go ahead.

Thank you. Dear shareholders, our RFID and supply chain businesses did very well in the first quarter of the year. The backlog of our supply chain continued to grow in the first quarter of the year. The growth attributed mainly to the expansion of our supply chain businesses Our RFID business performance in the first quarter of the year was outstanding and above expectations. It is mainly attributed to the cost reduction we started to implement in the first quarter this year, and it will be fully reflected in the second quarter. Our primary and most crucial challenge for the year 20 is to make significant penetration of our robotic business to the U.S. market, our strategic market, with the highest potential for our robotic business. To achieve that target, me and the robotic team invest enormous efforts to support our US Health Office. It is not an easy task, especially with the current situation of the corona in the U.S., but we need to complete this mission by the end of this year. Let's complete my financial review, business review, and now I will take your question. Thank you.

Thank you, ladies and gentlemen. At this time, we'll begin the question and answer session. If you have a question, please press star 1. If you wish to cancel your question, please press star 2. If you're using speaker equipment, kindly lift the handset before pressing the numbers. Your questions will be pulled in the order they are received. Please stand by while we pull for your questions. The first question is from Igor Vasserman of SIG. Please go ahead.