OMNIQ Corp

OMNIQ Corp. provides computerized and machine vision image processing solutions. It uses patented and proprietary AI technology to deliver data collection, real-time surveillance and monitoring for supply chain management, homeland security, public safety, traffic & parking management and access control applications. The company's services and technology helps clients to move people, assets and data through airports, warehouses, schools, national borders, and many other applications and environments. It serves government agencies and companies from several sectors, including manufacturing, retail, distribution, food and beverage, transportation and logistics, healthcare, and oil, gas, and chemicals. The company was founded in 1973 and is headquartered in Salt Lake City, UT.

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

OMNIQ Corp reports robust Q1 earnings and accelerates AI innovations

OMNIQ Corp's Q1 2024 earnings call highlighted strong financial performance, strategic investments in AI and Fintech sectors, and a focus on profitability and operational efficiency.
The company's progress in reducing operating losses, increasing gross profit, and advancing AI products underscore its commitment to growth and innovation.
With a solid foundation in place, OMNIQ is poised to navigate challenges, capitalize on opportunities, and drive continued success in the evolving tech landscape.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

OMNIQ Corp. engages in the provision of computerized and machine vision image processing solutions. It uses patented and proprietary AI technology to deliver data collection, real-time surveillance and monitoring for supply chain management, homeland security, public safety, traffic & parking management and access control applications. The company's services and technology help clients to move people, assets and data through airports, warehouses, schools, national borders, and many other applications and environments. It serves government agencies and companies from several sectors, including manufacturing, retail, distribution, food and beverage, transportation and logistics, healthcare, and oil, gas, and chemicals. The company was founded in 1973 and is headquartered in Salt Lake City, UT.

Salt Lake City, UT, March 26, 2024 (GLOBE NEWSWIRE) -- OMNIQ Corp. (NASDAQ: OMQS) (“OMNIQ” or “the Company”), a provider of Supply Chain and Artificial Intelligence (AI)-based solutions, received a purchase order from NESTLE International, one of the largest food and beverage companies in the world for the supply of mobile data collection, computing, and communication equipment.

NESTLE INTERNATIONAL AWARDED OMNIQ A PURCHASE ORDER FOR THE SUPPLY OF RUGGEDIZED IOT EQUIPMENT TO NESTLE'S ADVANCED LOGISTIC CENTER

SALT LAKE CITY, March 25, 2024 (GLOBE NEWSWIRE) -- In a significant stride towards advancing their fintech position (NASDAQ: OMQS) (“OMNIQ” or “the Company”), a leading provider of Artificial Intelligence (AI)-based image processing technologies and supply chain management solutions, is proud to announce a strategic partnership with SPAR international.

SPAR CONTRACTED OMNIQ TO DEPLOY SELF-CHECKOUT SOLUTIONS AND ADVANCED ESL SYSTEM IN THEIR NEW ISRAELI MARKET

SALT LAKE CITY, March 20, 2024 (GLOBE NEWSWIRE) -- OMNIQ Corp. (NASDAQ: OMQS) (“OMNIQ” or “the Company”), a leading provider of Artificial Intelligence (AI)-based solutions, is excited to announce the receipt of a significant purchase order for the upgrade of IoT devices across 450 stores of a major US-based sporting goods retail chain. This initiative marks a substantial step forward in enhancing operational efficiency and customer experience within the retail sector.

OMNIQ WINS CONTRACT TO UPGRADE 450 STORES FOR A MAJOR U.S. SPORTING GOODS CHAIN

SALT LAKE CITY, March 18, 2024 (GLOBE NEWSWIRE) -- OMNIQ Corp. (NASDAQ: OMQS) (“OMNIQ” or “the Company”), a leader in cutting-edge technological solutions and equipment for the hospitality industry, is thrilled to announce a landmark contract with a renowned American hamburger chain. This collaboration marks a significant milestone as the company ventures into the Israeli market, with its first branch now open in Tel Aviv.

OMNIQ SECURES CONTRACT FOR A MAJOR U.S. OWNED RESTAURANT CHAIN FOR OMNIQ'S FINTECH-BASED SELF-ORDERING PLATFORM

SALT LAKE CITY, March 14, 2024 (GLOBE NEWSWIRE) -- In a significant stride towards revolutionizing the travel experience at Ben Gurion Airport, OMNIQ Corp. (NASDAQ: OMQS) (“OMNIQ” or “the Company”), a leading provider of Artificial Intelligence (AI)-based and sophisticated Fintech and automation solutions, in collaboration with GETT, the official Airport approved taxi service, is set to introduce a cutting-edge system designed to ensure convenience, time saving and fairness to travelers hailing taxis at Israel's primary international gateway.

BEN-GURION AIRPORT, TEL-AVIV, AWARDS OMNIQ TO DEPLOY ITS FINTECH SOLUTION OFFERING OMNIQ'S SELF ORDERING KIOSKS FOR TAXI SELF ORDERING/RESERVATIONS

SALT LAKE CITY, March 06, 2024 (GLOBE NEWSWIRE) -- OMNIQ Corp . ( NASDAQ: OMQS ) (“OMNIQ” or “the Company”), a provider of Artificial Intelligence (AI)-based solutions and supply chain management, today announced Purchase Order has been awarded to OMNIQ by Burger Ranch, the largest Hamburger Chain in Israel. This partnership marks a strategic move to enhance customer service and operational efficiency within the fast-food sector through the adoption of OMNIQ's proprietary Fintech solutions.

OMNIQ TO SUPPLY PROPRIETARY FINTECH SOLUTION TO ONE OF ISRAEL'S LARGEST FAST FOOD (QSR) RESTAURANT CHAINS.

The acquisition augments omniQ's existing fintech presence in self-service kiosks, credit card payment systems, and point-of-sale technologies.

OMNIQ ANNOUNCES THE ACQUISITION OF CODEBLOCKS LTD A LEADING FINTECH SOFTWARE DEVELOPER

SALT LAKE CITY, Jan. 24, 2024 (GLOBE NEWSWIRE) -- OMNIQ Corp.  (NASDAQ: OMQS) (“OMNIQ” or “the Company”), a provider of Artificial Intelligence (AI)-based solutions, announced today that it received $5.0M in Purchase Orders for Hardware, software, IT licenses and services from one of the largest Food and Drugs chains in the US.

OMNIQ RECEIVES $5.0M IN PURCHASE ORDERS FOR THE SUPPLY OF HARDWARE, SOFTWARE AND SERVICES FOR ONE OF THE LARGEST US BASED FOOD AND DRUG CHAINS.

FAT Brands

5E Advanced Materials Inc

Grom Social Enterprises

Inspirato

Loop Industries

FreightCar America

According to Fidelity the global business cycle during the fourth quarter can be characterized as an uneven global expansion. That unevenness makes it somewhat difficult to predict where the economy is headed but in general cyclical stocks make sense.

7 Cyclical Penny Stocks Best Positioned for 2024

SALT LAKE CITY, Nov. 15, 2023 (GLOBE NEWSWIRE) -- OMNIQ Corp. (NASDAQ: OMQS) (“OMNIQ” or “the Company”), a provider of Artificial Intelligence (AI)-based solutions, today announced that the Company's AI-based Machine Vision solution is being ordered for an upgrade program at the Port Authority of New York and New Jersey (PANYNJ) four major airports.

OMNIQ'S AI-BASED MACHINE VISION SOLUTION ORDERED FOR JFK, LA GUARDIA, NY STEWART, AND NEWARK AIRPORT UPGRADES.

OMNIQ Corp. (NASDAQ:OMQS ) Q3 2023 Earnings Conference Call November 14, 2023 8:30 AM ET Company Participants Shai Lustgarten - Chief Executive Officer Neev Nissenson - Chief Financial Officer Conference Call Participants Richard Molinsky - Max Ventures Operator Hello, and welcome to the OMNIQ Corp's Third Quarter 2023 Earnings Conference Call. My name is Paul, and I will be coordinating your call today.

OMNIQ Corp. (OMQS) Q3 2023 Earnings Call Transcript

SALT LAKE CITY, Nov. 13, 2023 (GLOBE NEWSWIRE) -- OMNIQ Corp. (NASDAQ: OMQS) (“OMNIQ” or the “Company”), a provider of Artificial Intelligence (AI) and IoT – based solutions announces Q3 2023 revenue of $17.5M and Gross Profit of $4M.

OMNIQ ANNOUNCES Q3 2023 REVENUE OF $17.5 MILLION AND INCREASED GROSS PROFIT to 23%.

SALT LAKE CITY, Oct. 31, 2023 (GLOBE NEWSWIRE) -- OMNIQ Corp. (NASDAQ: OMQS) (“OMNIQ” or “the Company”), a provider of Artificial Intelligence (AI)-based solutions, today announced it has received a multi-year, supply and maintenance contract from a leading Israeli logistic Company with more than 700 warehouses around the world and over 70,000 employees.

OMNIQ AWARDED MULTI YEAR IOT EQUIPMENT SUPPLY CONTRACT FOR ISRAEL'S LARGEST AND NEWEST LOGISTIC CENTER

SALT LAKE CITY, Oct. 17, 2023 (GLOBE NEWSWIRE) -- OMNIQ Corp. (NASDAQ: OMQS) (“OMNIQ” or “the Company”), a provider of Artificial Intelligence (AI)-based solutions, today announced it will be participating in the 2023 Think Equity Investor Conference in New York, NY.

OMNIQ TO PARTICIPATE IN THE THINK EQUITY 2023 INVESTOR CONFERENCE

● Face detection is a critical feature for face recognition, in car detection is an industry known challenge.   ● Following comprehensive tests by a demanding security authority, omniQ's System outperformed competitors.

OMNIQ ANNOUNCES THE ADDITION OF IN CAR FACE DETECTION TO ITS AI MACHINE VISION COMPREHENSIVE SOLUTION

Salt Lake City, Utah, Oct. 11, 2023 (GLOBE NEWSWIRE) -- OMNIQ Corp. (Nasdaq: OMQS), a provider of Artificial Intelligence (AI)-based solutions, today announced the closing of its previously announced public offering of 3,000,000 shares of its common stock (or Pre-Funded Warrants (“Pre-Funded Warrants”) in lieu thereof) at a public offering price of $1.00 per share (inclusive of the Pre-Funded Warrant exercise price), for gross proceeds of approximately $3,000,000, before deducting underwriting discounts and offering expenses. In addition, OMNIQ Corp. has granted the underwriters a 45-day option to purchase up to an additional 450,000 shares of common stock and/or Pre-Funded Warrants to cover over-allotments, if any, at the public offering price, less the underwriting discount.

OMNIQ Corp. Announces Closing of Public Offering

Omniq (NASDAQ: OMQS ) stock is taking a beating on Friday after the artificial intelligence ( AI ) company announced a public share offering. According to a press release, Omniq is selling 3 million shares of OMQS stock in this public offering.

Why Is Omniq (OMQS) Stock Down 43% Today?

Salt Lake City, Oct. 05, 2023 (GLOBE NEWSWIRE) -- OmniQ Corp. (Nasdaq: OMQS), (“OMNIQ Corp.” or the “Company”), a provider of Artificial Intelligence (AI)-based solutions, today announced the pricing of its underwritten public offering of an aggregate of 3,000,000 shares of its common stock (or pre-funded warrants (“Pre-Funded Warrants”) in lieu thereof). Each share of common stock (or Pre-Funded Warrant) is being sold at a public offering price of $1.00 per share (inclusive of the Pre-Funded Warrant exercise price). All of the shares and Pre-Funded Warrants in the offering are being sold by the Company. Total gross proceeds from the offering, before deducting underwriting discounts and commissions and other offering expenses, are expected to be approximately $3,000,000. In addition, the Company has granted the underwriters a 45-day option to purchase up to an additional 450,000 shares of its common stock and/or Pre-Funded Warrants at the public offering price less discounts and commissions, to cover over-allotments. The offering is expected to close on October 11, 2023, subject to satisfaction of customary closing conditions.

OMNIQ Corp. Announces Pricing of Public Offering

Salt Lake City, Utah, Oct. 05, 2023 (GLOBE NEWSWIRE) -- OMNIQ Corp. (Nasdaq: OMQS) (“OMNIQ Corp.” or the “Company”) today announced that it intends to offer to sell shares of its common stock (and/or pre-funded warrants (“Pre-Funded Warrants”) in lieu thereof) in an underwritten public offering. All of the shares of common stock (and/or Pre-Funded Warrants) are to be sold by the Company.

OMNIQ Corp. Announces Proposed Public Offering of Common Stock

SALT LAKE CITY, Oct. 05, 2023 (GLOBE NEWSWIRE) -- OMNIQ Corp. (NASDAQ: OMQS) (“OMNIQ” or “the Company”), a provider of Artificial Intelligence (AI)-based solutions, today announced that the Company has terminated its definitive agreement to acquire Tadiran Telecom from Afcon Holdings LTD.

OMNIQ ANNOUNCES TERMINATION OF DEFINITIVE AGREEMENT TO ACQUIRE TADIRAN TELECOM

SALT LAKE CITY, Sept. 20, 2023 (GLOBE NEWSWIRE) -- OMNIQ Corp.   (NASDAQ: OMQS) (“OMNIQ” or “the Company”), a provider of Artificial Intelligence (AI)-based solutions, today announced that the Company is deploying its AI enhanced parking and security solution to the El Salvador International Airport.

OMNIQ'S AI BASED MACHINE VISION SOLUTION PURCHASED FOR THE EL SALVADOR INTERNATIONAL AIRPORT

SALT LAKE CITY, Sept. 06, 2023 (GLOBE NEWSWIRE) -- OMNIQ Corp.  (NASDAQ: OMQS) (“OMNIQ” or the “Company”), a provider of Artificial Intelligence (AI)-based solutions, announces an initial purchase order from the Israel Train Company to deploy its AI based Machine Vision system creating smarter and safer stations.

OMNIQ ANNOUNCES A PURCHASE ORDER FROM THE ISRAEL TRAIN COMPANY TO DEPLOY ITS AI- BASED MACHINE VISION SYSTEM CREATING SMARTER AND SAFER STATIONS

SALT LAKE CITY, Aug. 29, 2023 (GLOBE NEWSWIRE) -- OMNIQ Corp.  (NASDAQ: OMQS) (“OMNIQ” or the “Company”), a provider of Artificial Intelligence (AI)-based solutions, announced today that it has partnered with TripShot, a leading transportation demand management (TDM) solution company to provide a unique frictionless parking solution for a major US technology company.

OMNIQ PARTNERS WITH TRIPSHOT TO PROVIDE A UNIQUE FRICTIONLESS PARKING SOLUTION FOR A MAJOR US TECHNOLOGY COMPANY

OMNIQ Corp. (NASDAQ:OMQS ) Q2 2023 Earnings Conference Call August 15, 2023 8:00 AM ET Company Participants Shai Lustgarten – Chief Executive Officer Neev Nissenson – Chief Financial Officer Conference Call Participants Jaeson Schmidt – Lake Street Capital Operator Hello, and welcome to the OMNIQ Corp's Second Quarter 2023 Earnings Conference Call. My name is Holly, and I will be coordinating your call today.

OMNIQ Corp. (OMQS) Q2 2023 Earnings Call Transcript

SALT LAKE CITY, Aug. 15, 2023 (GLOBE NEWSWIRE) -- OMNIQ Corp.  (NASDAQ: OMQS) (“OMNIQ” or the “Company”), a provider of Artificial Intelligence (AI)-based solutions, announced today that it has been awarded with a project expected to exceed $50 million from one of the largest food and drug chains in the US.

News for OMNIQ Corp Stock (OMQS)