Lake Street initiated coverage of OMNIQ with a rating of Buy and set a new price target of $13.00
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 11/17/2021 | $13.00 | Buy | Lake Street |
8-K - OMNIQ Corp. (0000278165) (Filer)
8-K - OMNIQ Corp. (0000278165) (Filer)
8-K - OMNIQ Corp. (0000278165) (Filer)
Salt Lake City, May 15, 2024 (GLOBE NEWSWIRE) -- omniQ Corporation (OTC:OMQS) ("omniQ" or "the Company"), a leading provider of Artificial Intelligence (AI)-based solutions, today reported substantial progress towards achieving financial stability in its quarterly earnings for Q1 2024. The Company has demonstrated a commendable reduction in operational costs and enhanced sales performance, underscoring its commitment to excellence and shareholder value. FINANCIAL HIGHLIGHTS: Strong Revenue Growth: Our first quarter revenue increased by 14% to $18.3M, compared to the last quarter of 2023.Record Gross Margin: We achieved a record-high gross margin of 28% in Q1, a significant improvemen
SALT LAKE CITY, May 13, 2024 (GLOBE NEWSWIRE) -- OMNIQ Corp. (OTC:OMQS) ("OMNIQ" or the "Company"), a provider of Artificial Intelligence (AI) and IoT–based solutions will release First Quarter 2024 Earnings after the market close on Wednesday, May 15th, 2024. The announcement will be followed by a live earnings call with management the following morning, Thursday, May 16th, 2024, at 9:00 AM EST. You can join the call by visiting www.omniQ.com or by using the link provided below. CALL DETAILS Thursday, May 16, 2024 - 9:00 AM Eastern Time TO JOIN VIA COMPUTER Webcast - Audio and TeleconferenceWebcast URL: https://www.webcaster4.com/Webcast/Page/2310/50639 TO CALL IN BY PHONE Toll-Fr
The acquisition augments omniQ's existing fintech presence in self-service kiosks, credit card payment systems, and point-of-sale technologies. With over 25,000 payment devices and hardware installations, omniQ is now poised to replace licensed software with CodeBlocks cutting-edge platforms.CodeBlocks proprietary software powers financial technology for major industry players. The solutions enable advanced features, software-as-a-service delivery, and higher margins compared to licensed software alternatives. SALT LAKE CITY, Feb. 05, 2024 (GLOBE NEWSWIRE) -- OMNIQ Corp. (NASDAQ:OMQS) ("OMNIQ" or "the Company"), a provider of Artificial Intelligence (AI)-based solutions, announced today
4 - OMNIQ Corp. (0000278165) (Issuer)
4 - OMNIQ Corp. (0000278165) (Issuer)
4 - OMNIQ Corp. (0000278165) (Issuer)
Lake Street initiated coverage of OMNIQ with a rating of Buy and set a new price target of $13.00
Continues its two-decade partnership with a major 3PL provider.Expanded deployment of IoT devices and Subscription Services.Reinforces omniQ's position as a reliable AI-driven solutions provider for mission-critical logistics operations.This order follows a $1 million Purchase order in September and a $2.5 million order the previous month from other long-term customers. SALT LAKE CITY, Oct. 30, 2024 (GLOBE NEWSWIRE) -- (OTC:OMQS), a premier provider of AI-driven supply chain and smart city solutions, has proudly announced a $1.4 million contract renewal with a top-tier transportation and logistics company. This substantial order, part of an ongoing purchasing agreement, underscores the t
SALT LAKE CITY, Oct. 24, 2024 (GLOBE NEWSWIRE) -- OMNIQ Corp. (OTC:OMQS), a leading provider of Artificial Intelligence (AI)-based solutions and advanced machine vision systems, is pleased to announce its participation in the upcoming ThinkEquity Investors Conference. The event will take place on October 30th, 2024, in New York, New York. This prestigious conference gathers top-tier investors, industry experts, and innovative companies to discuss market trends, investment opportunities, and technological advancements. To sign up for the conference, simply visit the registration page, linked below, and complete the online form to secure your spot. This event is ideal for corporate executi
SALT LAKE CITY, Oct. 08, 2024 (GLOBE NEWSWIRE) -- OMNIQ CORP. (OMQS), a leader in AI-machine vision and automation technology, today announced that Shai Lustgarten, CEO will present live at the Small Cap Virtual Investor Conference, hosted by VirtualInvestorConferences.com, on October 10th 2024. DATE: October 10th TIME: 11:00 AM ETLINK: https://bit.ly/47jLzOI Available for 1x1 meetings upon request This will be a live, interactive online event where investors are invited to ask the company questions in real-time. If attendees are not able to join the event live on the day of the conference, an archived webcast will also be made available after the event. It is recommended that online
SALT LAKE CITY, Aug. 14, 2024 (GLOBE NEWSWIRE) -- omniQ Corporation (OTCQB:OMQS) ("omniQ" or the "Company"), a leading provider of Artificial Intelligence (AI)-based solutions, today reported revenues of approximately $19.1 million in the second quarter, marking an improvement from the previous quarter. FINANCIAL HIGHLIGHTS: Key Improvements Compared to 2023 Gross margin for the three months ended June 30, 2024, substantially increased to 26% compared to 19% in Q2 2023Gross margin for the six months ended June 30, 2024, increased to 27% compared to 20% in the same period of 2023.Gross profit for the three months ended June 30, 2024, increased by 26% or $1M compared to the second quarter
SALT LAKE CITY, April 01, 2024 (GLOBE NEWSWIRE) -- OMNIQ Corp. (NASDAQ:OMQS) ("OMNIQ" or the "Company"), a provider of Artificial Intelligence (AI) and IoT–based solutions will release Full Year 2023 Earnings after the market close on Monday, April 1st, 2024. The announcement will be followed by a live earnings call with management the following morning, Tuesday, April 2nd, 2024, at 9:00 AM EST. Reduction in General Administrative expenses by $4.7 million, or 17% YoYReduction of thirty-four employees compared to December 31st, 2022.Increased Cash Assets by $300 Thousand.Decrease in current liabilities by $836 Thousand.For the year ended December 31, 2023, no customer accounted for more
SALT LAKE CITY, Nov. 14, 2022 (GLOBE NEWSWIRE) -- OMNIQ Corp. (NASDAQ:OMQS) ("OMNIQ" or "the Company"), a provider of Supply Chain and Artificial Intelligence (AI)-based solutions, today announced its financial results for the three months and nine months ended September 30, 2022. OMNIQ's 2022 continuous momentum: 45% growth in 9 months Revenue marks an all-time record of over $77 Million.71% growth in 9 Months Gross Profit up to a record of over $18M.Gross margin for the 9-month period up to 23% compared to 20% in the same period of 2021.Improved adjusted EBITDA for 9 months ended September 30, 2022 by $2M compared to same period of 2021.32% organic Growth in Q3 Revenue compared to Q3
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