OMNIQ Corp., together with its subsidiaries, provides artificial intelligence (AI)-based solutions in the United States. The company offers computer vision image processing-based solutions using AI technology to deliver data collection, and real time surveillance and monitoring for supply chain management, homeland security, public safety, traffic and parking management, and access control applications. It also provides end-to-end solutions, such as hardware, software, communications, and lifecycle management services; packaged and configurable software; and mobile and wireless equipment. In addition, it manufactures and distributes barcode labels, tags, and ribbons, as well as RFID labels and tags. It serves Fortune 500 companies in various sectors, including healthcare, food and beverage, manufacturing, retail, distribution, transportation, and logistics; and oil, gas, and chemicals, as well as government agencies. OMNIQ Corp. has a partnership with Hyperion Partners LLC and wireless carriers to offer mobility solutions to customers on platforms that extend the market into new mobile applications. The company was formerly known as Quest Solution, Inc. and changed its name to OMNIQ Corp. in November 2019. OMNIQ Corp. was incorporated in 1973 and is based in Salt Lake City, Utah.
IPO Year:
Exchange: NASDAQ
Website: omniq.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 11/17/2021 | $13.00 | Buy | Lake Street |
SALT LAKE CITY, Nov. 14, 2024 (GLOBE NEWSWIRE) -- omniQ Corporation (OTC:OMQS) ("omniQ" or "the Company"), reports third quarter 2024 revenue of $18.5 million, signifying 7.57% YoY growth, as well as significant decreases in operational expenses and net loss. FINANCIAL HIGHLIGHTS: Revenue: OMNIQ reported revenue of $18,549,000 for Q3 2024, a modest increase from $17,244,000 in Q3 2023, marking a 7.57% year-over-year growth.Operating Expenses: Decreased significantly to $4,934,000 in Q3 2024 from $6,631,000 in Q3 2023, showing effective cost management resulting in a 25.58% reduction.Net Loss: The Company reported a net loss of $1,599,000 in Q3 2024, significantly reduced from a net loss
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
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 six 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 20
SALT LAKE CITY, Aug. 15, 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 six months ended June 30 , 2022. OMNIQ's 2022 continuous momentum: 54% growth in 6 month Revenue marks an all-time record of over $50 Million.104% growth in 6 Month Gross Profit up to a record of over $12M.85% Growth in Q2 Revenue compared to Q2 2021.81% increase in Q2 Gross Profit compared to Q2 2021.Gross margin for the 6 months up to 24% compared to 18% in the same period of 2021.Q2 marks a breakthrough in penetrating the retail and
SALT LAKE CITY, Aug. 08, 2022 (GLOBE NEWSWIRE) -- OMNIQ Corp. (NASDAQ:OMQS) a provider of Supply Chain and Artificial Intelligence (AI)-based solutions, will host a conference call and webcast on Monday, Aug 15th, 2022 at 11:00 a.m. Eastern Time to discuss financial results for the first quarter ended June 30th, 2022. To access the live webcast, please click on this webcast link to register, or go to the Company's website at www.omniQ.com. To participate in the call by phone, dial 877-545-0523 approximately five minutes prior to the scheduled start time. International callers please dial 973-528-0016. Callers should use conference ID: 737846. A replay of the teleconference will be
SALT LAKE CITY, May 16, 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 ended March 31, 2021. OMNIQ's 2022 continuous momentum: 33% Growth in Q1 Revenue compared to Q1 2021132% increase in Gross Profit compared to Q1 2021.6% sequential Revenue increase over previous record on Q4 2021.Gross margin 23.3% compared to 13.3% in Q1 2021.Trailing 6 months revenue exceeds $51Million, annual run rate of over $100MAlong with improvement of Gross Profit, the Company is taking measures to further improve profitability in the near futur
SALT LAKE CITY, May 12, 2022 (GLOBE NEWSWIRE) -- OMNIQ Corp. (NASDAQ:OMQS) a provider of Supply Chain and Artificial Intelligence (AI)-based solutions, will host a conference call and webcast on Tuesday, May 17th, 2022 at 11:00 a.m. Eastern Time to discuss financial results for the first quarter ended March 31, 2022. To access the live webcast, please click on this webcast link to register, or go to the Company's website at www.omniQ.com, and click on the About tab, then Investors. To participate in the call by phone, dial (877) 407-9210 approximately five minutes prior to the scheduled start time. International callers please dial (201) 689-8049. A replay of the teleconference will be
SALT LAKE CITY, March 31, 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 full year ended December 31, 2021. OMNIQ's 2021 momentum: Company up listed to NASDAQ in September 2021.Close to $100,000,000 annual revenue run rate marks a significant milestone as fourth quarter revenue increased to $24.9 Million.Company acquired 77% of Dangot Computers Ltd., a leader in providing sophisticated solutions of automation for Hospitals, Restaurants, Supermarkets, Government Institutions and others.Synergy with Dangot generated imme
8-K - OMNIQ Corp. (0000278165) (Filer)
10-Q - OMNIQ Corp. (0000278165) (Filer)
8-K - OMNIQ Corp. (0000278165) (Filer)
8-K - OMNIQ Corp. (0000278165) (Filer)
8-K - OMNIQ Corp. (0000278165) (Filer)
8-K - OMNIQ Corp. (0000278165) (Filer)
8-K - OMNIQ Corp. (0000278165) (Filer)
8-K - OMNIQ Corp. (0000278165) (Filer)
8-K - OMNIQ Corp. (0000278165) (Filer)
8-K - OMNIQ Corp. (0000278165) (Filer)
SALT LAKE CITY, Nov. 14, 2024 (GLOBE NEWSWIRE) -- omniQ Corporation (OTC:OMQS) ("omniQ" or "the Company"), reports third quarter 2024 revenue of $18.5 million, signifying 7.57% YoY growth, as well as significant decreases in operational expenses and net loss. FINANCIAL HIGHLIGHTS: Revenue: OMNIQ reported revenue of $18,549,000 for Q3 2024, a modest increase from $17,244,000 in Q3 2023, marking a 7.57% year-over-year growth.Operating Expenses: Decreased significantly to $4,934,000 in Q3 2024 from $6,631,000 in Q3 2023, showing effective cost management resulting in a 25.58% reduction.Net Loss: The Company reported a net loss of $1,599,000 in Q3 2024, significantly reduced from a net loss
SALT LAKE CITY, Nov. 12, 2024 (GLOBE NEWSWIRE) -- OMNIQ Corp. (OTC:OMQS) ("OMNIQ" or the "Company"), a provider of automation solutions including machine vision AI and IoT–based solutions will release Third Quarter 2024 Earnings after the market close on Thursday, November 14th, 2024. The announcement will be followed by a live earnings call with management the following morning, Friday, November 15th, 2024, at 11:00 AM EST. You can join the call by visiting www.omniQ.com or by using the link provided below. To Join By Phone: Toll Free: 888-506-0062International: 973-528-0011Participant Access Code: 895329 To Join via Computer https://www.webcaster4.com/Webcast/Page/2310/51660 MISSE
SALT LAKE CITY, Nov. 11, 2024 (GLOBE NEWSWIRE) -- OMNIQ Corp. (OTCQB:OMQS), a leader in automation-enhancing IoT and machine vision solutions, is pleased to announce a recent series of purchase orders totaling $3.4 million from a longstanding retail client. These recent orders, underscore the strength of the decade-long collaboration between OMNIQ and the retail chain, reinforcing both companies' commitment to innovation in operational efficiency. Over the years, OMNIQ has been integral to transforming the retailer's operational landscape. This latest deployment includes advanced portable printers and tablets aimed at optimizing in-store operations thereby enhancing inventory accuracy, ef
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
This follows the completion of a vital homeland security project, further strengthening OMNIQ's role in national safety initiatives.This announcement builds on recent successful deployments of AI-based access control systems in Ohio and Texas.It comes in response to new purchase orders for OMNIQ's advanced security technologies.OMNIQ's machine vision technology enhanced by NEC's biometric capabilities. SALT LAKE CITY, Oct. 07, 2024 (GLOBE NEWSWIRE) -- OMNIQ Corp. (OTCQB:OMQS), a leading provider of AI-based solutions, is proud to announce its continued collaboration with NEC, one of the global leaders in biometric information technology and network solutions. Together, the companies are b
Follows a $2.5 Million Purchase Order from a Major Retail Chain: Reinforcing OMNIQ's role in transforming retail operations with innovative AI-driven solutions.20-Year Partnership Milestone: These orders underscore the continuation of a two-decade-long relationship with a key bioscience customer.Strategic Collaborations with Ingenico and SHVA: This announcement builds on recent agreements with new partners, enhancing OMNIQ's global footprint and technological offerings. SALT LAKE CITY, Sept. 11, 2024 (GLOBE NEWSWIRE) -- OMNIQ Corp. (OTCQB:OMQS) ("OMNIQ" or "the Company"), a leading provider of AI-based technology solutions, today announced the receipt of new purchase orders totaling over
Continues Strategic Collaboration with a Major Retail PartnerOrder Includes State-of-the-Art Portable IoT Printers for Seamless IntegrationPaves the Way for Future Technological Upgrades SALT LAKE CITY, Aug. 29, 2024 (GLOBE NEWSWIRE) -- OMNIQ Corp. (OTCQB:OMQS), a prominent provider of AI-driven and IoT-enabled technology solutions, is pleased to announce the receipt of a significant $2.5 million purchase order from one of its most valued retail partners. This order, received on August 26, 2024, is a testament to the enduring relationship between the two companies, marking a new chapter in their collaboration that spans over a decade. This long-standing partnership has seen OMNIQ play a
Significant Milestone: This partnership marks a crucial development in OMNIQ's strategic expansion within the fintech industry.Enhancing Fintech Solutions: SHVA processes millions of transactions monthly, playing a key role in Israel's financial sector. Collaborating with OMNIQ will further enhance fintech solutions across the region.Alignment with Strategic Goals: The collaboration aligns with OMNIQ's strategic plans to expand fintech capabilities and improve customer experiences through innovative technology.Enhanced Product Offerings and Market Presence: The collaboration is anticipated to not only enhance OMNIQ's product offerings but also strengthen its position in the rapidly evolving
SALT LAKE CITY, Nov. 12, 2024 (GLOBE NEWSWIRE) -- OMNIQ Corp. (OTC:OMQS) ("OMNIQ" or the "Company"), a provider of automation solutions including machine vision AI and IoT–based solutions will release Third Quarter 2024 Earnings after the market close on Thursday, November 14th, 2024. The announcement will be followed by a live earnings call with management the following morning, Friday, November 15th, 2024, at 11:00 AM EST. You can join the call by visiting www.omniQ.com or by using the link provided below. To Join By Phone: Toll Free: 888-506-0062International: 973-528-0011Participant Access Code: 895329 To Join via Computer https://www.webcaster4.com/Webcast/Page/2310/51660 MISSE
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
Lake Street initiated coverage of OMNIQ with a rating of Buy and set a new price target of $13.00
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Advanced Technology Integration: OMNIQ will implement a significant upgrade to the AI-based vehicle recognition and related analytics solutions at Dallas Fort Worth International Airport (DFW), reinforcing DFW's commitment to a world-class traveler experience.Decade of Success: This upgrade marks almost a decade of enhancing operational efficiencies at DFW, the third busiest airport in the world, highlighting a successful long-term collaboration.Commitment to Excellence: The initiative renews OMNIQ's commitment to deploying AI machine vision technology at DFW, which is aimed at boosting customer satisfaction and operational effectiveness.Strategic Enhancements: By upgrading its technology, O
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