Workflow
Omniq (OMQS)
icon
Search documents
Omniq (OMQS) - 2025 Q3 - Quarterly Results
2025-11-14 22:07
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): November 14, 2025 OMNIQ CORP. (Exact name of registrant as specified in its charter) (State or Other Jurisdiction of Incorporation) Delaware 001-40768 20-3454263 (Commission File Number) (I.R.S. Employer Identification No.) 696 West Confluence Ave. Murray, UT 84123 (Address of Principal Executi ...
OMNIQ Reports Third Quarter Financial Results
Globenewswire· 2025-11-14 22:00
Core Insights - OMNIQ Corp reported an increase in gross profit and operational improvements in Q3 2025, with revenue of $8.8 million and gross profit of $3 million, reflecting a strategic focus on profitability and operational efficiency [1][9]. Financial Highlights - Revenue for Q3 2025 was $8.8 million, down from $9.5 million year-over-year, attributed to a focus on more profitable revenue streams and order timing [9]. - Gross profit increased to $3 million compared to $2 million in the same period for 2024 [9]. - Loss from operations improved to $591 thousand from $787 thousand year-over-year, representing a 13.7% improvement [9]. Operational Highlights - OMNIQ expanded its presence in key sectors, including higher education, healthcare, and transportation, by adding new customers and enhancing existing partnerships [3]. - A new contract was awarded by a major medical center, reinforcing OMNIQ's position in the healthcare sector and supporting long-term operational efficiency [5]. - The company deployed eight additional mobile license plate inventory (MLPI) vehicles, showcasing customer confidence in automated data collection [6]. - CMX Airport implemented OMNIQ technology to automate parking operations, indicating growth potential in the rural airport market for automation solutions [7]. Strategic Focus - The company is committed to introducing new use cases for its technology and emphasizes practical innovation that delivers measurable value to customers [8]. - OMNIQ's solutions are aimed at enhancing operational efficiency across various sectors, including government, healthcare, and education, with a focus on double-digit growth markets [10].
Omniq (OMQS) - 2025 Q3 - Quarterly Report
2025-11-14 21:13
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification No.) (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended: September 30, 2025 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from________ to__________ Commission File Number: 001-40768 O ...
Wisconsin University Selects OMNIQ’s AI Access-Control Technology to Strengthen Campus Safety and Efficiency
Globenewswire· 2025-11-04 13:45
Core Insights - OMNIQ Corp. has been selected by a public research university in Wisconsin to implement advanced access-control technology across its campus facilities and parking areas [1][2] - The project aims to enhance safety and efficiency through automated credentialing and centralized management for approximately 50,000 students and 27,000 faculty and staff [2][3] Group 1: Project Details - The automation will reduce waiting times, minimize the need for on-site attendants, and eliminate costs and errors associated with printed credentials [3] - Improved traffic flow and reduced congestion are expected outcomes, allowing staff to focus on higher-value tasks while maintaining secure control of parking facilities [3][4] - The access-control platform includes features like precise zone management, real-time alerts, and integration options for license-plate recognition [4] Group 2: Security Context - Milwaukee reported about 6,300 vehicle thefts in 2024, highlighting the importance of monitoring vehicle entry and exit points for campus security [4] - OMNIQ's technology supports efforts to reduce unauthorized access and improve safety in high-traffic parking areas [4] Group 3: Company Overview - OMNIQ Corp. specializes in AI-based computer vision and data intelligence, providing solutions for various sectors including supply chain management, public safety, and access control [7][10] - The company engages with several billion-dollar markets experiencing double-digit growth, such as the Global Safe City market and the Ticketless Safe Parking market [10]
OMNIQ Corp. (OMQS) Presents at 2025 ThinkEquity Conference - Slideshow (OTCMKTS:OMQS) 2025-10-31
Seeking Alpha· 2025-10-31 08:04
Group 1 - The article does not provide any specific content related to a company or industry [1]
OMINQ Strengthening Healthcare Security and Infrastructure in Texas
Globenewswire· 2025-10-28 12:45
Core Insights - OMNIQ Corp is expanding its operations at a major medical institution in Texas, focusing on AI-based Access Control solutions across the campus [1][3][5] - The expansion includes the deployment of a Mobile Vehicle Recognition Solution and data analytics to enhance traffic flow and security [2][3] - The medical center serves over 1.5 million outpatient visits and 140,000 emergency arrivals annually, highlighting the need for improved access control and traffic management [3] Company Operations - OMNIQ has been supporting the medical center's parking and access control operations for several years, modernizing and scaling its infrastructure [5] - The latest expansion aims to increase automation, strengthen security, and improve traffic flow for both staff and patients [5][6] - The company emphasizes its commitment to technology that enhances daily operations and mobility in complex healthcare environments [6] Industry Context - Healthcare campuses are facing rising parking demand and congestion, necessitating smarter, technology-driven mobility systems [4] - A peer-reviewed study indicates that parking areas at large hospitals contribute to traffic congestion, underscoring the importance of efficient access control solutions [4] - The ongoing partnership between OMNIQ and the medical center reflects a broader trend of integrating advanced technology in healthcare settings to improve operational efficiency [6]
OMNIQ CORP to Present at the ThinkEquity Conference in New York on October 30, 2025
Globenewswire· 2025-10-27 12:45
Company Overview - OMNIQ CORP is a leader in AI-based computer vision and IoT technologies, focusing on machine vision image processing solutions for various applications [6][7] - The company serves multiple sectors, including government agencies, healthcare, universities, and airports, and is engaged in several billion-dollar markets with double-digit growth potential [9] Upcoming Event - Chairman and CEO Shai Lustgarten will present at the ThinkEquity Conference on October 30, 2025, in New York, discussing the company's vision, growth strategy, and advancements in AI-driven automation [1][2] - The conference will provide a platform for company presentations, one-on-one investor meetings, and strategic discussions among public and private companies, institutional investors, and industry professionals [3] Technology and Services - OMNIQ's technology includes data collection, real-time surveillance, and monitoring for applications such as supply chain management, public safety, and traffic management [6][7] - The company offers a range of solutions, including hardware, software, communications, and automated management services, supported by a highly experienced team [8] Market Focus - OMNIQ is targeting key verticals such as public safety, retail automation, and supply chain logistics, highlighting its momentum in these areas [2] - The company is positioned in high-growth markets, including the Global Safe City market and the Ticketless Safe Parking market, which are expected to expand significantly [9]
OMNIQ Accelerates Nationwide Mobile License Plate Recognition Growth with Eight New Deployments as Demand for Smarter Real-Time Enforcement Grows
Globenewswire· 2025-10-15 12:45
Core Insights - OMNIQ is expanding its AI-based Mobile License Plate Inventory (MLPI) deployments across various sectors, including airports and healthcare, in response to increasing demand for secure access and enforcement solutions [1][3][4] - The global license plate recognition market is projected to grow from approximately $3.7 billion in 2024 to over $9 billion by 2034, driven by the adoption of AI analytics and real-time data platforms [2] Company Developments - OMNIQ's MLPI deployments are tailored to specific environments, enhancing visibility and automating processes without the need for additional staffing [3] - The MLPI platform converts standard vehicles into intelligent data-collection systems, achieving over 95% accuracy in real-time permit validation and unauthorized vehicle detection [4] - The CEO of OMNIQ highlighted the strong adoption of their technology due to its scalability and ability to integrate with existing infrastructure [5] Industry Trends - The demand for AI-powered analytics and mobility data platforms is accelerating, contributing to the growth of the license plate recognition market [2] - OMNIQ's solutions are positioned to improve efficiency, compliance, and safety across transportation, security, and supply chain sectors [5]
Travelers Gain More Parking Control as CMX and OMNIQ Enhance Convenience and Service
Globenewswire· 2025-08-21 12:45
Core Insights - Houghton County Airport (CMX) has implemented the OMNIQ airport management platform, enhancing operational efficiency, traveler convenience, and security since its launch in October 2024 [1][4][5] Group 1: Technology Implementation - The OMNIQ platform utilizes AI-powered machine vision for tasks such as license plate scanning and payment tracking, which reduces manual errors and improves consistency [2][6] - The PERCS™ system integrates license plate recognition with permits, payments, and citations, allowing for more accurate tracking and management of parking operations [6][9] Group 2: Customer Experience - Travelers can pay for parking through a web portal and mobile app, which minimizes missed payments and citations, thereby enhancing the overall travel experience [3][9] - CMX staff continue to provide hands-on customer service, assisting travelers and managing in-person payments, ensuring personal assistance is available when needed [2][9] Group 3: Financial Impact - In the last three months, the upgraded system has processed nearly 10,000 new subscriptions and 9,000 citations, generating significant new revenue for the airport [4] - The revenue generated supports essential services, including winter snow removal, highlighting the financial benefits of the technology implementation [5][9] Group 4: Community Role - CMX serves as a critical transportation hub in Michigan's Upper Peninsula, providing essential air service to multiple counties and supporting tens of thousands of passengers annually [7][8] - The partnership with OMNIQ reflects CMX's commitment to investing in technology that strengthens community services and operational efficiency [5][4]
OMNIQ Improves Margins and Sharpens Cost Structure in First Half of 2025
Globenewswire· 2025-08-19 22:22
Core Insights - OMNIQ Corp. reported a significant financial turnaround in Q2 2025, with net loss reduced to $34,000 from $5.1 million in the same period last year, and a 75% reduction in equity deficit on $15.7 million of revenue [1][10]. Financial Performance - The company ended Q2 2025 with $2.2 million in cash and positive operating cash flow of $6.07 million, an improvement of approximately $9.68 million compared to negative $3.6 million a year earlier [3]. - Stockholders' equity improved by $32.9 million, reducing the deficit from $(43.9 million) to $(11.0 million) [10]. - Revenue for the first half of 2025 was $15.7 million, down from $17.5 million in the same period of 2024 [10]. - Gross margin improved to 26% in 2025 from 23% in 2024 due to increased efficiency in purchases and pricing [10]. - Selling, General and Administrative (SG&A) expenses decreased by 31%, falling to $3.37 million from $4.9 million, driven by cost-saving initiatives [10]. Business Restructuring - The sale of the legacy business was a pivotal moment for the company, resulting in a net gain on disposal of approximately $34.7 million, which was recorded to Additional Paid-in Capital due to the related-party nature of the transaction [4]. - The results of the sold division were classified as discontinued operations, showing a loss of $1.7 million compared to $1.0 million in the prior year [4]. Strategic Focus - The CEO stated that the company has reshaped itself into a stronger, more focused business, with healthier balance sheets and profitable core operations, laying a solid foundation for responsible growth [5]. - OMNIQ utilizes patented AI technology for machine vision image processing solutions across various sectors, including supply chain management, public safety, and traffic management [5][6]. Market Engagement - The company serves a diverse customer base, including government agencies, healthcare, universities, and airports, and is engaged in several billion-dollar markets with double-digit growth potential [8].