Q4 2016 cenference call

Q4 2016 cenference call

*Ladies and gentleman, Thank you for standing by.   The conference will begin shortly.
B.O.S.

Ve’idan Conference Coordinator:
Ladies and gentlemen, thank you for standing by.
Welcome to the BOS year 2016 results conference call.
All participants are at 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 *0.
As a reminder, this conference call is being recorded, and will be available on the BOS website as of tomorrow.

I would like to remind everyone that this conference call may contain projections or other forward-looking statements regarding future events or the future performance of the Company.   These statements are only predictions and may change as time passes.   B.O.S. does not assume any obligation to update that information.   Actual events or results may differ materially from those projected, including as a result of changing industry and market trends, reduced demand for our products, the timely development of our new products and their adoption by the market, increased competition in the industry and price reductions, as well as due to risks identified in the documents filed by the Company with the SEC."
 
I would now like to hand over the call to Mr. Yuval Viner, CEO of the company.  
Go ahead Yuval.
Thank you for joining us today in our annual results conference call

I am pleased to announce that we have met our public forecast for the year 2016, which was an increase in our revenues and in our net profit, as compared to 2015.

Looking ahead at year 2017 and its challenges: we have a positive  outlook for this year,  which is a net profit of $0.5 million and further growth in revenues as compared to year 2016.

During year 2017, we plan to continue to invest significant managerial resources in the integration of the acquisition of the business of iDnext and Next-Line that we made at the beginning of 2016. We expect to benefit from the synergy of this business with the RFID and Mobile division in 2017.

Overseas, we plan to continue to invest varied resources in order to continue the growth of our Supply Chain division’s business in India.

In addition, we continue to seek opportunities for synergetic acquisitions for the RFID and Mobile division and for the Supply Chain division.

Now, I would like to turn over the call to our CFO, Mr. Eyal Cohen.

Thank you

Hello and thank you for joining us today.

On the financial side, our loans decreased during the year 2016 by an additional $700,000 to $3.1 million. After six consecutive years of using cash for accelerated loan repayment, going forward we plan to designate more cash for working capital and possible future acquisitions.

Thank you
That completes my financial review.

Ve’idan Conference Coordinator:
Thank you, sir.   Ladies and Gentlemen, at this time we will begin the question and answer session.   If you have a question, please press *1.
If you wish to decline from the polling process please press *2
 If you are using speaker equipment, kindly lift the handset before pressing the numbers.   Your questions will be polled in the order they are received.    
 Please standby while we poll for your questions.

[I repeat, if you have a question please press *1]

The first question is from _______________of ________________.

If you have a question, please press *1.
If you wish to decline from the polling process please press *2
 If you are using speaker equipment, kindly lift the handset before pressing the numbers.   Your questions will be polled in the order they are received.    
 Please standby while we poll for your questions.

The next question is from _______________of ________________.

There are no questions at this time.
Before I ask Mr. Viner to go ahead with his closing statement, I would like to remind participants that a replay of this call will be available on the company website:    by tomorrow.
Mr. Viner would you like to make your concluding statement?

Thank you for joining us today.
We are pleased with year 2016 results and we have a lot of work to do in year 2017 in varied fields
We will do the best we can to continue to improve the company profitability from year to year.

Thank you and talk to you again in our next call

This concludes B.O.S. year 2016 results conference call.  
Thank you for your participation.   You may go ahead and disconnect.

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