Revenue Performance - Total revenues for 2022 were 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].
B.O.S. Better Online Solutions .(BOSC) - 2022 Q4 - Annual Report