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 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.

Thank you. Thank you for joining our call. On the call with me today is Ziv Dekel in the remote site, Chairman; and Moshe Zelter, CFO. We are excited to meet you again at our quarterly video meeting. During this call, we will review our financial results, business trends and the growth strategy. And after that, we will have Q&A session. So the financial results for the first 9 months of the year '23 showed significant improvement compared to the comparable 9 months of the year '22. Revenues grew by 11%, EBITDA by 60% and net income by 128% and the EPS that was doubled. From a 3 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 the year '21. Our trailing 12 months as a net income amounted to $2.1 million compared to $0.5 million in year '21. Our trailing 12 months earnings per share amounted to $0.37 compared to $0.09 only in the year '21. Our balance sheet has significantly strengthened 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 a long-term loan underlying the real estate that we acquired for our [terminals]. Our working capital as of September '23 amounted to $10.2 million, and we believe that it is sufficient for our ongoing operations. Business trends. Our Supply Chain division faced intense demand from the Israeli defense market. And those demands are attributed to the military conflict in Europe and the Middle East. Our Robotic division has shown consecutive improvements year-by-year and reached…

So at this stage, gentlemen, we will take questions. And just a moment. Okay. So at this time, we'll start the Q&A session.

I just had a question. I know in the past, you've had several contracts with Israeli Defense Force regarding your supply chain division. Obviously, the IDF has been using a lot of products and equipment. What is the standard lead time between them using some of the components and equipment you provide them between them giving you another order.

It's a good question. Usually, the normal lead time, it could be a few months. But I think they are not waiting to the last minute. And we feel that in this day that they are urgent in their orders to the Supply Chain division, a lot of bids. And because we are -- the corona issue, with all the logistic issues are behind us, I think there are no -- the lead time is shorter than we used -- than we had in previous years. So it could be a matter of months or 2 in the normal cases. Of course, there can be outstanding cases but this is normal.

Okay. And do you anticipate announcing any significant orders that are received?

As you can see, we are selling like $44 million a year. So we can assume that we are getting significant orders from time to time. Actually, we don't used to announce on each significant order that we get unless there is something dramatic game changer in that order, for example, new components, new segments, new client. Otherwise, it's ongoing orders.

Okay. And regarding the slowdown in the RFID division and possible compensation from the Israeli government, when do we expect to hear more on that? Is there laws or litigation through to be passed to approve maybe a stimulus or a boost to companies affected? Can you give us some more color on that?

Yes. First, as I mentioned, October was a tough month. But in November, we are getting back to the time as we were before the war. Even the unit that count fashion retail stores come to -- returned to work in full boost. So all the malls are back to normal, and it's a good indication for the Israel economy that 90.7% of the market -- of the retail market come back to normal. The regulations regarding the compensation were announced, and we are checking the implementation. The implementation in our case, I don't think it will be a huge amount, but we will take as much as we're allowed.

Okay. That helps. And finally, historically, the fourth quarter has always been your strongest quarter. And I know you have already reached your net income guidance given for the year. Given the fact that you're not willing to boost that, are you anticipating any problems in Q4? Or are you expecting another strong quarter given that the fourth quarter is normally the quarter that has the most revenues and earnings per share?

Yes. The fourth quarter usually is the strongest quarter in the year and also the first quarter of the year. We have not changed the outlook for now. We keep it on $1.5 million because of the current circumstances in Israel. So I think it's better -- this is -- I think this is the best way to keep the outlook. In the current circumstances, from legal point of aspect, it's not smart to do. Any follow-up questions? Let's wait another few seconds.

Thank you for being with us today, and we are looking forward to meeting you again on B.O.S. Fourth Quarter Call, which will be in March '24. On that call, we will also provide our outlook for year 2024. Thank you.