Ladies and gentlemen, thank you for standing by. Welcome to the BOSS Second Quarter 2021 Results Conference Call. All participants are present in listen only mode. Following management's formal presentation, instructions will be given for the question and answer session. As a reminder, this conference call is being recorded and will be available on the BOSS website as of tomorrow.
With us on the line today are Mr. Eyal Cohen, CEO and Mr. Moshe Zelzer, CFO. Before I turn the call over to Mr. Cohen, I would like to remind everyone that forward looking statements for the respected 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 in 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.
Hello, and thank you for joining our quarterly call. I am pleased with the significant growth in revenues in the first half of 'twenty one compared to the first half of year 'twenty. I am also satisfied with the net income for the 4th consecutive quarter. For the recent 12 months, our revenues amounted to $35,000,000 net income was $700,000 and EBITDA of $1,300,000 Regarding year 'twenty one, our outlook, we expect revenues over $33,000,000 and net profit of above $1,000,000 So that book is not changed. Our supply chain division and Amalfaided division did very well in the first half of the year.
And I hope that despite the global shortage in goods, we will continue to find innovative ways to meet our clients' demands and meet our margin. Our robotic division has not reached its sales target in the U. S. Market. As a result, we are taking a step back and immediately stop our investment in direct sales in the U.
S. And turn it into indirect sales through distributors or agents and keep the division operating expenses very tight. On the other hand, we have made progress with developing the new information line, which is a source of logistics centers. We plan to launch it by the end of this year, and we anticipate it will positively contribute to our sales growth in year 2022. In addition, our Robotics division recently dropped second orders on Flex, a local company that helps enterprises design and manufacture products.
I'm happy to share with you that Flex also purchased an electronic component from our Supply Chain division in total net value of $1,200,000 in the recent 8 months. Great synergy. We focus our self effort on clients with the same portfolio as flex, meaning have solid demand for automation, allocated budget for automation and expect to provide ongoing orders for machines. That completes my review, and now I will take your questions.
Thank you. Ladies and gentlemen, at this time, we will begin the question and answer session. The first question is from Todd Felty of Advisory Group Equity Service. Please go ahead.
Good morning, Al. Congratulations on a good quarter. I was just really wanting you to kind of comment on the Robotics division. I know it's been hard gaining traction there. And I didn't quite understand the comment.
It sounded like you were kind of changing the strategy on the robotics rollout in the U. S. Can you kind of give us some color on that and let us know if we're competitive in any active bidding processes now? I know we have been hoping to have some contracts this summer. Thank you.
Yes. I think this is the 2nd year that we are working with the direct sales. So this is the we made changes at the beginning of this year. We replaced the team. We have not reached to the target or the sales target.
It cost us a lot. And now we try to do the sales in the U. S. To a sales rep and to invest our effort to allocate Celsret, which will work on commission basis. And this is the same model as we work.
We are working in South America, in Mexico and also in Australia. And it's not risky for us. Regarding the growth in the U. S. Market, we reached to the biggest plastic manufacturer in the U.
S. And with one of them, we are in the final stages of decision. But it's on the table, the time line for that. And once we will win such project, we will announce on it. But it won't change our decision to start work with the on the agent model on distribution model versus direct
sales.
The next question is from Igor Baugherman from SIG LLC. Please go ahead.
Hello. Hi, good morning. Congratulations on a good quarter. My question is based on updated guidance, the company has tripled net income in the second half of twenty twenty one, while no significant increase in revenues as anticipated. Can you describe the factors that will allow to achieve that?
Yes. Thank you, Yigal. Thank you for the question. So in the aspect of revenues, there is no question, there is no doubt. We made $16,500,000 in the first half of the year.
So it's achievable. The target is achievable. Regarding the net income, we achieved $264,000 in the first half of the year and the annual target is $1,000,000 There is no doubt that it's challenging. But the outlook is based on our expectation that the losses of the robotics division will be lower in the second half of the year. We also assume that the supply chain will continue in full speed with a great performance in the first half of the year.
So we expect the same in the second half of the year. And related to the Q4 of the RSAP, all of them together can bring us to the outlook to the target, but it's still challenging.
The next question is from David Dansby of Janney Montgomery Scott. Please go ahead.
Good afternoon, gentlemen, and congrats on another profitable quarter.
Thank you very much.
You're welcome. Just a quick question about you sort of hinted about the global supply chain issues, which I've heard on many calls and have read countless articles. I was just wondering if you could go into some detail on how that may impact your RFID and supply chain solutions. I'm guessing there are definitely some negative impacts, but also potentially maybe it might be increasing demand for some of your products. So I just was curious if you could provide any color on that.
Yes. As I mentioned, our supply chain and our ITD division did very well in the first half of the year. And I hope that despite the global shortage in view, they will continue to find innovative ways to meet our clients' demand and meet our margin. And naturally, this is the expertise of our supply chain division to provide a component in using all the element in innovative way. And it did it in a very successful way in the first half of the year, and we hope it will continue to do so.
Regarding the RFID, it's more challenging, but we are buying stocks when we can, when it is available in order to meet our client demand, but it's still challenging, yes.
Okay, great. Yes, I noticed the RFID, I know the year over year number was an easy comparable, but there was still nice sequential growth in that division so far.
Yes, absolutely. Thank you. Thank
There are no further questions at this time. Before I ask Mr. Cohen 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's website, www.voscom.com, by tomorrow. Mr. Cohen, would you like to make your concluding statement?
Yes. Thank you. Thank you for joining our call and I'm looking forward to meeting you on our next call. And you are welcome to contact me anytime by phone or by email. Thank you.
Thank you. Thank you for joining our call. Looking forward to meeting you. Thank you for