B.O.S. Better Online Solutions

Ladies and gentlemen, thank you for standing by. Welcome to the BOSS second quarter 2020 results conference call. All participants are 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. As a reminder, this conference call is being recorded and will be available on the BOSS website as of tomorrow. With us on the line today is Mr. Eyal Cohen, CEO. Before I turn the call over to Mr. Cohen, I would like to remind everyone the forward-looking statements for the respected 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, Thank you. Dear shareholders,

The press release describes in detail our challenges with the robotic business. The turnaround process of the robotic business is longer and deeper than initially anticipated. Despite the write-off of our investment in the robotic business during the second quarter, we have made significant progress in the business operations side. Still, we have challenges on the sell side of the robotic business. I am putting all my time and efforts to improve the robotic sales platform effectiveness worldwide, strengthen our competitive advantage, search for strategic partnerships, and keep the robotic business in break-even point until the breakthrough in sales. Revenues for the first six months of year 20 decreased to $15 million from $16.6 million in the first six months of The decrease was primarily attributed to the effect of the COVID on sales of the RFID and supply chain divisions. We expect that we will make up for this shortfall in the second half of year 20, so that the year 20 revenues will remain the same as in year 19, meaning $34 million annual revenues. Despite the decrease in revenues, the RFID and supply chain division tripled their operational profit from $300,000 in the first six months of year 19 to $1 million in the first six months of year 20. Based on strong relative performance of our supply chain and RFID division in the first half of the year and the restructuring of the robotic business operation and the write-offs we made, We further anticipate that both will return to a net profit in the third quarter of this year. That completes my review, and now I will take 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 1. If you wish to decline from the polling process, please press star 2. If you're using speaker equipment, kindly lift the handset before pressing the numbers. Your questions will be polled in the order they are received. Please stand by while we poll for your questions. The first question is from Todd Felt of RHK Capital. Please go ahead.