B.O.S. Better Online Solutions .(BOSC) - 2019 Q1 - Earnings Call Transcript

Financial Data and Key Metrics Changes - The company emphasized the excitement surrounding the integration of BOS and Imdecol, indicating a focus on driving revenue and profitability through this integration [7] - Specific financial metrics for Q1 2019 were not detailed in the provided text, but the management expressed confidence in growth engines such as Smart Factory and Supply Chain divisions [8][9] Business Line Data and Key Metrics Changes - The acquisition of Imdecol is expected to enhance BOS's position in the manufacturing automation vertical, which is a significant growth area [8] - The company is expanding its offerings in Automatic Warehouses and plans to make technological advancements possibly through further acquisitions [9] - The RFID and Mobile division aims to improve gross profit margins by enhancing operational efficiency and expanding product offerings [11] Market Data and Key Metrics Changes - The Supply Chain division is experiencing significant growth in international markets, particularly in India and China, which are identified as key growth engines for the company [9] Company Strategy and Development Direction - The company is focused on integrating Imdecol into its operations and increasing investment in global marketing to support growth in customized industrial robots [11] - There is a strategic agreement with RFKeeper to enter the Smart Stores segment, indicating a diversification of business lines [8] Management's Comments on Operating Environment and Future Outlook - Management acknowledged the competitive nature of the industry and the importance of maintaining gross profit margins while expanding market presence [4][11] - The company is optimistic about its growth prospects, particularly through the integration of Imdecol and expansion into new territories [11] Other Important Information - The company highlighted risks such as dependency on major customers, technology advancements, and market expansion challenges [4][5] Q&A Session Summary Question: Insights on Imdecol's geography and customer base - Management noted that about 50% of Imdecol's revenues were generated outside of Israel, with major markets including Australia, New Zealand, and America [14] - New agents have been appointed in India, and there are plans to increase sales representatives in Russia and Central Europe [15]