B.O.S. Better Online Solutions Ltd. (NASDAQ:BOSC) Q3 2023 Results Conference Call November 30, 2023 9:00 AM ET Company Participants Eyal Cohen - CEO Conference Call Participants Todd Felte - Advisory Group Equity Services Operator Ladies and gentlemen, thank you for standing by. Welcome to the B.O.S. Conference Call. [Operator Instructions] As a reminder, this conference call is being recorded and will be available on the B.O.S. website as of tomorrow. Before I turn the call over to Mr. Cohen, I would like ...

[Condensed Interim Consolidated Financial Statements](index=1&type=section&id=Condensed%20Interim%20Consolidated%20Financial%20Statements) [Condensed Interim Consolidated Balance Sheets](index=2&type=section&id=Condensed%20Interim%20Consolidated%20Balance%20Sheets) As of June 30, 2023, B.O.S. Better Online Solutions Ltd. reported total assets of **$32.53 million**, an increase from **$30.60 million** at the end of 2022, driven by increases in current assets (inventories) and non-current assets (intangible assets), with total liabilities slightly increasing to **$14.50 million** and total shareholders' equity growing to **$18.03 million** from **$16.63 million** Balance Sheet Summary (in thousands USD) | Account | June 30, 2023 (Unaudited) | December 31, 2022 (Audited) | | :--- | :--- | :--- | | **Total Current Assets** | $21,920 | $20,574 | | **Total Non-Current Assets** | $10,609 | $10,021 | | **Total Assets** | **$32,529** | **$30,595** | | **Total Current Liabilities** | $11,848 | $11,195 | | **Total Non-Current Liabilities** | $2,647 | $2,766 | | **Total Equity** | $18,034 | $16,634 | | **Total Liabilities and Equity** | **$32,529** | **$30,595** | - Inventories increased to **$7.67 million** from **$6.43 million**, while trade receivables remained relatively stable at **$11.01 million**[20](index=20&type=chunk) - Intangible assets, net, significantly increased to **$1.17 million** from **$486 thousand** at the end of 2022[91](index=91&type=chunk) [Condensed Interim Consolidated Statements of Operations](index=4&type=section&id=Condensed%20Interim%20Consolidated%20Statements%20of%20Operations) For the six months ended June 30, 2023, the company reported revenues of **$23.48 million**, an **11%** increase year-over-year, with net income growing significantly to **$1.27 million**, or **$0.22** per diluted share, compared to **$472 thousand**, or **$0.09** per diluted share, in the same period of 2022, driven by higher gross profit and lower financial expenses Statement of Operations Highlights (in thousands USD, except per share data) | Metric | Six Months Ended June 30, 2023 | Six Months Ended June 30, 2022 | | :--- | :--- | :--- | | **Revenues** | $23,478 | $21,138 | | **Gross Profit** | $5,069 | $4,471 | | **Operating Income** | $1,609 | $1,001 | | **Net Income** | $1,266 | $472 | | **Diluted Net Income Per Share** | $0.22 | $0.09 | [Condensed Interim Consolidated Statements of Comprehensive Income](index=5&type=section&id=Condensed%20Interim%20Consolidated%20Statements%20of%20Comprehensive%20Income) For the six months ended June 30, 2023, the company's comprehensive income was **$1.27 million**, equal to its net income, with no other comprehensive income or loss items during the period, marking an increase from **$472 thousand** in the prior-year period Comprehensive Income (in thousands USD) | Period | Net Income | Other Comprehensive Gain/Loss | Comprehensive Income | | :--- | :--- | :--- | :--- | | **Six Months Ended June 30, 2023** | $1,266 | $0 | $1,266 | | **Six Months Ended June 30, 2022** | $472 | $0 | $472 | [Condensed Interim Consolidated Statements of Changes in Shareholders' Equity](index=6&type=section&id=Condensed%20Interim%20Consolidated%20Statements%20of%20Changes%20in%20Shareholders%27%20Equity) Shareholders' equity increased from **$16.63 million** at the beginning of 2023 to **$18.03 million** as of June 30, 2023, primarily driven by a net income of **$1.27 million** and proceeds from the exercise of stock options, which added **$85 thousand** to additional paid-in capital - Total shareholders' equity increased by **$1.4 million** during the first six months of 2023, reaching **$18.03 million**[54](index=54&type=chunk) - Key changes in equity for the six months ended June 30, 2023 include net income of **$1,266 thousand**, share-based compensation of **$49 thousand**, and proceeds from option exercises of **$85 thousand**[54](index=54&type=chunk) [Condensed Interim Consolidated Statements of Cash Flows](index=7&type=section&id=Condensed%20Interim%20Consolidated%20Statements%20of%20Cash%20Flows) For the six months ended June 30, 2023, the company generated **$876 thousand** in cash from operating activities, a significant turnaround from the **$331 thousand** used in the same period of 2022, while cash used in investing activities was **$581 thousand**, primarily for asset acquisitions, and financing activities used **$113 thousand**, resulting in cash and cash equivalents increasing by **$182 thousand** to end the period at **$2.08 million** Cash Flow Summary (in thousands USD) | Cash Flow Activity | Six Months Ended June 30, 2023 | Six Months Ended June 30, 2022 | | :--- | :--- | :--- | | **Net Cash from Operating Activities** | $876 | $(331) | | **Net Cash used in Investing Activities** | $(581) | $(1,050) | | **Net Cash (used in) provided by Financing Activities** | $(113) | $514 | | **Change in Cash and Cash Equivalents** | $182 | $(867) | | **Cash at End of Period** | $2,075 | $1,250 | [Notes to Condensed Interim Consolidated Financial Statements](index=9&type=section&id=Notes%20to%20Condensed%20Interim%20Consolidated%20Financial%20Statements) The notes provide additional details on the company's accounting policies, business segments, and specific financial statement line items, including the composition of inventories and intangible assets, lease obligations, segment performance, and shareholder equity transactions, with the company operating in three segments: Intelligent Robotics, RFID, and Supply Chain Solutions [Note 1: General](index=9&type=section&id=NOTE%201%3A%E2%80%93%20GENERAL) This note describes the company's corporate structure as an Israeli NASDAQ-listed corporation (BOSC) and its three operating segments: Intelligent Robotics, RFID (through BOS-Dimex Ltd.), and Supply Chain Solutions (through BOS-Odem Ltd. and Ruby-Tech Inc.) - The company operates through three main segments: Intelligent Robotics, RFID, and Supply Chain Solutions[58](index=58&type=chunk) - The RFID segment (BOS-Dimex) provides turn-key Automatic Identification and Data Collection (AIDC) solutions and inventory count services[33](index=33&type=chunk) - The Supply Chain Solutions segment (BOS-Odem) distributes electronic components, primarily to the aerospace and defense industries[59](index=59&type=chunk) [Note 2: Significant Accounting Policies](index=10&type=section&id=NOTE%202%3A%E2%80%93%20SIGNIFICANT%20ACCOUNTING%20POLICIES) The financial statements are prepared under U.S. GAAP, requiring management to make significant estimates regarding inventory valuation, goodwill impairment, allowance for doubtful accounts, and revenue recognition, with **570,000** outstanding options and warrants excluded from the diluted EPS calculation as they were anti-dilutive for the six months ended June 30, 2023 - Financial statements are prepared under U.S. GAAP, requiring management to make significant estimates for items like inventory value, goodwill, and revenue recognition[37](index=37&type=chunk) - For the first half of 2023, **570,000** weighted average outstanding options and warrants were excluded from diluted EPS calculation due to being anti-dilutive[62](index=62&type=chunk) - The company states that no recently issued accounting pronouncements are expected to have a significant impact on its financial statements[64](index=64&type=chunk) [Note 4: Inventories](index=11&type=section&id=NOTE%204%3A-%20INVENTORIES) Total net inventories increased to **$7.67 million** as of June 30, 2023, from **$6.43 million** at year-end 2022, with the increase primarily in finished goods, which rose to **$6.97 million**, while inventory in progress decreased Inventory Composition (in thousands USD) | Component | June 30, 2023 (Unaudited) | December 31, 2022 (Audited) | | :--- | :--- | :--- | | Raw materials | $31 | $177 | | Inventory in progress | $955 | $1,750 | | Finished goods | $6,973 | $5,788 | | Net – advances from customers | $(292) | $(1,282) | | **Total** | **$7,667** | **$6,433** | [Note 5: Intangible Assets, Net](index=12&type=section&id=NOTE%205%3A%E2%80%93%20INTANGIBLE%20ASSETS%2C%20NET) Net intangible assets increased to **$1.17 million** from **$486 thousand**, mainly due to new acquisitions, including Proteus's share in a joint activity for **$723 thousand** in April 2023 and distribution rights from Microwave Ltd. for **$38 thousand** in May 2023 - On April 2, 2023, the company acquired Proteus's share in a joint activity for **$723 thousand**, recognized as a 'Suppliers relationship' intangible asset[44](index=44&type=chunk) - On May 31, 2023, the company purchased distribution rights for certain products from Microwave Ltd. for **$38 thousand**[45](index=45&type=chunk) - Amortization expense for intangible assets was **$73 thousand** for the six months ended June 30, 2023[68](index=68&type=chunk) [Note 6: Leases](index=13&type=section&id=NOTE%206%3A%E2%80%93%20LEASES) The company has non-cancellable operating leases for offices and vehicles with terms expiring between 2023 and 2034, with total operating lease cost of **$198 thousand** for the first half of 2023 and a present value of total future lease liabilities of **$909 thousand** as of June 30, 2023 Operating Lease Costs - H1 2023 (in thousands USD) | Category | Cost | | :--- | :--- | | Vehicles | $91 | | Facilities rent | $107 | | **Total** | **$198** | Maturities of Operating Lease Liabilities (in thousands USD) | Period | Lease Payments | | :--- | :--- | | Remainder of 2023 | $178 | | 2024 | $206 | | 2025 | $140 | | 2026-2034 | $627 | | **Total Payments** | **$1,151** | | **Present Value** | **$909** | [Note 7: Segments and Geographical Information](index=14&type=section&id=NOTE%207%3A%E2%80%93%20SEGMENTS%20AND%20GEOGRAPHICAL%20INFORMATION) The Supply Chain Solutions segment is the largest contributor to both revenue and operating income, generating **$15.35 million** in revenue and **$1.39 million** in operating income for H1 2023, while the RFID segment contributed positively with **$6.95 million** in revenue and **$699 thousand** in operating income, and Israel is the largest geographical market accounting for **$19.77 million** (**84%**) of total revenue Segment Performance - H1 2023 (in thousands USD) | Segment | Revenues | Gross Profit | Operating Income (Loss) | | :--- | :--- | :--- | :--- | | RFID | $6,948 | $1,796 | $699 | | Supply Chain Solutions | $15,351 | $3,253 | $1,394 | | Intelligent Robotics | $1,257 | $20 | $(110) | | **Consolidated** | **$23,478** | **$5,069** | **$1,609** | Segment Performance - H1 2022 (in thousands USD) | Segment | Revenues | Gross Profit | Operating Income (Loss) | | :--- | :--- | :--- | :--- | | RFID | $7,693 | $1,915 | $662 | | Supply Chain Solutions | $12,873 | $2,575 | $990 | | Intelligent Robotics | $572 | $(19) | $(290) | | **Consolidated** | **$21,138** | **$4,471** | **$1,001** | Revenues by Customer Location (in thousands USD) | Region | H1 2023 | H1 2022 | | :--- | :--- | :--- | | Israel | $19,765 | $16,686 | | United States | $1,080 | $1,733 | | India | $1,060 | $641 | | Europe | $838 | $399 | | Far East | $707 | $1,536 | | Others | $28 | $143 | | **Total** | **$23,478** | **$21,138** | [Note 8: Shareholders' Equity](index=16&type=section&id=NOTE%208%3A%E2%80%93%20SHAREHOLDERS%27%20EQUITY) This note details changes in shareholders' equity, including the exercise of **39,000** options for proceeds of **$85 thousand** in June 2023 and a May 2022 registered direct offering where the company sold **450,000** units at **$2.20** each, raising net proceeds of **$911 thousand** - In June 2023, a total of **39,000** stock options were exercised, resulting in proceeds of **$85 thousand**[77](index=77&type=chunk) - In May 2022, the company completed a registered direct offering of **450,000** units (one share and one-half warrant) at **$2.20** per unit, for net proceeds of **$911 thousand**[88](index=88&type=chunk) [Note 9: Subsequent Events](index=16&type=section&id=NOTE%209%3A%E2%80%93%20SUBSEQUENT%20EVENTS) The company reports that subsequent to the reporting period, in July 2023, an additional **17,853** options were exercised for proceeds of **$18 thousand** - In July 2023, after the close of the reporting period, **17,853** options were exercised for proceeds of **$18 thousand**[79](index=79&type=chunk)

Financial Data and Key Metrics Changes - In the first half of 2023, revenues grew by 11%, EBITDA increased by 56%, net income rose by 168%, and EPS improved by 144% compared to the first half of 2022 [5] - Over a three-year perspective, revenue has grown by 31% to $44 million compared to 2020 [5] - EBITDA increased by 342% to $3.1 million, with net income turning from a loss of $1 million in 2020 to an income of $2.5 million in the last 12 months ended June 2023 [28] Business Line Data and Key Metrics Changes - The Robotics division is transitioning towards the Israeli defense market, with most projects attributed to a major defense company in Israel [6] - The RFID division experienced a slowdown in revenues due to a decline in the Israeli civil market [6][35] - The Supply Chain division benefited from intense demand driven by military conflicts in Europe and the Middle East, supporting growth in this segment [12] Market Data and Key Metrics Changes - The Israeli civil market is currently in a standby phase, impacting the RFID division's performance [42] - The growth in the defense segment is primarily driven by sales to Israeli manufacturers and their subcontractors globally [19] Company Strategy and Development Direction - The growth strategy includes both organic growth and M&A, focusing on strengthening competitiveness and expanding into new markets [29] - The M&A strategy targets companies with a strong competitive position, a track record of profitability, and a significant portion of recurrent revenues [30] - The company aims to penetrate the defense market further to enhance profitability [23] Management's Comments on Operating Environment and Future Outlook - Management noted that the devaluation of the shekel primarily affects operational expenses, with a strong dollar positively impacting performance [18] - The company expects continued growth in the defense market, which has a more favorable budget environment compared to the civil industry [23] - There is optimism regarding the stabilization and potential growth of the RFID division, despite current challenges [42] Other Important Information - The company is engaging with agents to identify attractive M&A targets and is currently in the process of defining the scope of potential acquisitions [8][14] Q&A Session Summary Question: Impact of shekel devaluation on revenues - Management explained that most revenues are quoted in dollars, and the devaluation mainly affects operational and financial expenses, with a net positive effect on performance [18] Question: Growth sources and new business segments - Growth is attributed to the defense segment and the transition of the Robotics division to the defense market, with strong demand from Israeli manufacturers [19] Question: Future profitability of the Robotics and RFID divisions - The Robotics division is expected to become profitable as it transitions to the defense market, while the RFID division is linked to the Israeli GDP and is anticipated to stabilize despite current market conditions [41][42]

B.O.S. Better Online Solutions Ltd. (NASDAQ:BOSC) Q1 2023 Earnings Conference Call May 30, 2023 9:00 AM ET Company Participants Ziv Dekel - Chairman Eyal Cohen - Chief Executive Officer Moshe Zeltzer - Chief Financial Officer Conference Call Participants Todd Felte - Advisory Group Equity Services Operator Ladies and gentlemen, thank you for standing by. Welcome to the BOS First Quarter 2023 Results Conference Call. All participants are at present in listen-only mode. Following managements’ formal presentat ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Report of Foreign Private Issuer Pursuant to Rule 13a - 16 or 15d -16 Under the Securities Exchange Act of 1934 Commission file number 001-14184 20 Freiman Street, Rishon LeZion, 7535825, Israel (Address of principal executive office) Form 20-F ☒ Form 40-F ☐ Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ___________ B.O.S. BETTER ONLINE SOLUTIONS LTD. ANNOUNCES ...

Revenue Performance - Total revenues for 2022 were $41,511,000, representing a 23.5% increase from $33,634,000 in 2021[233]. - The Intelligent Robotics Division contributed $34,295,000 to total revenues, accounting for 82% of the overall revenue in 2022[233]. Operational Challenges - The company experienced a reduction in international delivery routes due to the COVID-19 pandemic, impacting the timely receipt and shipment of goods[221]. - The company anticipates continued negative impacts on customers' cash flows due to COVID-19, which may affect payment terms and receivables[222]. Expense Composition - Operating expenses for 2022 were primarily composed of selling, general, and administrative expenses, which included professional service fees and facility costs[228]. Business Divisions - The company operates in three reportable divisions: Intelligent Robotics, RFID, and Supply Chain, each contributing to its overall business strategy[220]. - The Supply Chain Division provides a kit of electro-mechanical components, sourcing all parts directly from manufacturers or the open market[224]. Market Competition - The company faces competition in the RFID market from local firms such as eWave mobile Ltd. and Dannet Advanced Technologies Ltd.[235]. Facilities and Operations - The company has a facility in Rishon LeZion, covering 1,475 square meters, with a lease period extending through September 2028[237]. - The company’s sales force includes direct sales teams and agents, marketing its Supply Chain Solutions directly to customers or through distributors worldwide[231].

BOS Better Online Solutions. (NASDAQ:BOSC) Q4 2022 Earnings Conference Call March 29, 2023 9:00 AM ET Company Participants Ziv Dekel - Chairman Eyal Cohen - Chief Executive Officer Conference Call Participants Todd Felte - Advisory Group Equity Services David Dansby - Jenny Montgomery Scott Operator Ladies and gentlemen, thank you for standing by. Welcome to the BOS Fourth Quarter and Full Year 2022 Results Conference Call. All participants are at present in listen-only mode. Following management’s formal p ...

BOS Better Online Solutions Ltd. (NASDAQ:BOSC) Q3 2022 Earnings Conference Call November 30, 2022 9:00 AM ET Company Participants Ziv Dekel - Chairman Eyal Cohen - Chief Executive Officer Conference Call Participants Todd Felte - Advisory Group Equity Services Operator Ladies and gentlemen, thank you for standing by. Welcome to the BOS third quarter 2022 results conference call. All participants are at present in listen-only mode. Following managementÂ's formal presentation, instructions will be given for t ...

Exhibit 99.1 B.O.S. BETTER ONLINE SOLUTIONS LTD. AND IT'S SUBSIDIARIES CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS AS OF JUNE 30, 2022 IN U.S. DOLLARS UNAUDITED INDEX Page | --- | --- | |----------------------------------------------------------------------------------------------|----------------| | | | | Condensed Interim Consolidated Balance Sheets | F-2 - F-3 | | | | | Condensed Interim Consolidated Statements of Operations | F-4 | | Condensed Interim Consolidated Statements of Comprehensive Inc ...

Financial Data and Key Metrics Changes - The company's revenues grew by 28% in the first half of the year compared to the same period last year [5] - The RFID division's revenues increased by 22% in the first half of the year compared to the same period last year [5] - The Supply Chain division's revenues grew by 40% in the first half of the year compared to the same period last year [6] Business Line Data and Key Metrics Changes - The Robotics division made progress in increasing revenues from catalogue machines, which is expected to improve profitability [6] - The Robotics division launched a new line of automatic sorter machines for logistic centers, which is anticipated to have good sales potential [7] Market Data and Key Metrics Changes - The Supply Chain division's growth is partly attributed to a significant increase in orders from the Israeli military, with a backlog exceeding $20 million [16] Company Strategy and Development Direction - The company is focusing on long-term growth and has established a new sales engineering department in the Supply Chain division to increase representation of electronic manufacturers [6] - The company is relocating its robotic factory to reduce operational costs and improve efficiency [8] Management's Comments on Operating Environment and Future Outlook - Management acknowledges challenges due to increased operational costs and inflation but views these as business opportunities [8] - The company is working on adjusting sales prices more frequently to cope with inflation and rising costs [14][15] - Management expects the Robotics division to become profitable within the next year due to restructuring and changes in business strategy [12] Other Important Information - The company has completed the integration of an acquisition in the RFID division earlier this year [5] Q&A Session Summary Question: Concerns about revenue guidance - Management believes the second half of the year will be stronger and expects to exceed the $35 million guidance [11] Question: Profitability of the Robotics division - Management plans for the Robotics division to become profitable within the next year due to restructuring and cost-saving measures [12] Question: Impact of inflation on the company - Management acknowledges inflation as a challenge but is implementing strategies to adjust sales prices and manage costs [14][15] Question: Military orders and their impact - The growth in military orders has significantly contributed to the Supply Chain division's revenue growth, with a record backlog [16]