Scott White

Scott White of SEMCO asked about the source of recent growth, questioning if it came from new or existing customers, and sought clarification on why the full-year guidance suggests a slowdown in the second half. He also followed up on plans for a U.S. investor roadshow.

Answer

CEO Eyal Cohen clarified that growth was driven by expanding offerings to existing customers, especially in Israel and India. He explained the second-half guidance reflects a conservative stance following an exceptionally strong first quarter and accounts for potential supply chain risks. Cohen also confirmed that plans for a U.S. investor visit in October would be announced shortly.

Asked about the source of business growth (new vs. existing customers), the reason for a projected slowdown in the second half of the year, and the schedule for a planned investor marketing trip to the US.

Answer

Growth was attributed to expanding offerings with existing customers, particularly in wiring for clients in Israel and India. The second-half outlook is conservative due to an exceptionally strong first half and potential supply chain delays. A US investor trip is planned for October, with details to be shared soon.