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spk02: Ladies 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 website as of tomorrow. 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, 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. Cohen, please go ahead.
spk00: Thank you for joining our call today. On the call with me today, Mr. Ziv Dekel, Chairman and Moshe Zeltser, CFO. I am excited to meet you again at our quarterly video meeting. During this call, we will review our financial results, business trends, and growth strategy. After that, we will have a Q&A session. The financial result of the first nine months of the year, year 23, showed significant improvement compared to the comparable nine months of 22. Revenues grew by 10%, EBITDA by 60%, net income by 128%, and the EPS was doubled. From three years' perspective, our trailing 12 months' revenues grew by 38% to $44.6 million compared to $32.2 million in year 21. Our trailing 12 months' EBITDA increased by 312% to $3.3 million compared to $0.8 million in year 21. Our trailing 12 months' revenues in net income amounted to $2.1 million compared to $0.5 million in year 21. Our trailing 12 months as earnings per share amounted to 37 cents compared to 9 cents in the year 21. Our balance sheet has significant strength over those years. Our shareholders' equity increased from $14.3 million in December 21 to $18.4 million in September 23. Our bank loans remain roughly the same, around $2 million, and currently most of it attributed to long-term loans underlying the real estate that we acquired for internal use last year. Our working capital as of September 23 amounted to $10.2 million, and it is sufficient for our ongoing operation. Business trends. Our supply chain division faced intense demand from the Israeli defense market. Those demands are attributed to the military conflict in Europe and Middle East. Our robotic division has shown consecutive improvement year by year and reached breaking point in the last two quarters. In addition, this division is in transition toward the Israeli defense market and currently most of our project in process are for the defense segment in Israel. Our RFID division has faced a decrease in revenues in the first nine months of the year compared to the first nine months of year 22. In the past several years, intense investment in new logistics center in Israel have positively affected the RFID division financial results. However, this trend was adversely affected during year 23 by the sharp increase in the interest rate and by the political tension underlying the Israeli governments attempt to pursue extensive reform to israeli judicial system on october 7 23 a war started between israel and organization our training 12 months as earning per share amounted to 37 cents compared to nine cents in the year 21. Our balance sheet has significant strength over those years. Our shareholders' equity increased from $14.3 million in December 2021 to $18.4 million in September 2023. Our bank loans remain roughly the same, around $2 million, and currently most of it attributed to long-term loans underlying the real estate that we acquired for internal use last year. Our working capital as of September 23 amounted to $10.2 million, and it is sufficient for our ongoing operation. Business trends. Our supply chain division faced intense demand from the Israeli defense market. Those demands are attributed to the military conflict in Europe and Middle East. Our robotic division has shown consecutive improvement year by year and reached breaking point in the last two quarters. In addition, this division is in transition toward the Israeli defense market and currently most of our projects in process are for the defense segment in Israel. Our RFID division has faced a decrease in revenues in the first nine months of the year compared to the first nine months of the year 22. In the past several years, intense investment in new logistics center in Israel have positively affected the RFID division financial results. However, this trend was adversely affected during year 23 by the sharp increase in the interest rate and by the political tension underlying the Israeli government's attempt to pursue extensive reform to Israeli judicial system. On October 7, 23, a war started between Israel and the organization Hamas. The war has not affected our workforce and production facilities, and there has been no significant interruption to our operations. I'm very proud of our team that has come together to work through this situation. Both operate through three business divisions, the supply chain and the robotic divisions, which account for 70% of revenue during the first nine months of the year, have significant exposure to Israeli defense industry. We therefore anticipate growing demand for their products and services due to the current situation. Now RFID operates mainly in logistics center and retail chain in Israel. Therefore, it has suffered from a slow down in sales processes. This division might be entitled to compensation from the Israeli government. Our customers and suppliers are resilient and experiencing working during challenges time, and they are signs of getting back to routine. Amit Singer- Regarding our outlook for the year 23 during the first nine months of the year we reach out to our target of letting still because of the current external circumstances we keep our output for a 23 and change, which is revenues over $45 million net income above one and a half billion. Amit Singer- yeah.
spk01: Amit Singer- i'm sure.
spk00: At this time, we begin the Q&A session. If you have questions, please unmute and present yourself, while all other participants remain mute. Thank you. There are no further questions at this time. Thank you for being with us today. And we are looking forward to meeting you again on both fourth quarter call, which will be on March 24. On that call, we will also provide our outlook for 2024. Thank you.
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