Omniq (OMQS)
Search documents
Fortune 100 Tech Leader Deploys OMNIQ AI-based LPR Across Key Silicon Valley Locations
Globenewswire· 2026-01-27 13:45
Core Insights - OMNIQ Corp has been contracted to provide license plate recognition (LPR) solutions for a major technology innovator, enhancing mobility across large campus sites [1][2] - The deployment of OMNIQ's LPR technology aims to create a more efficient and secure mobility experience across multiple campuses [3] - The project reflects a collaboration between OMNIQ's research and development teams and the customer's leadership to create a tailored solution for the customer's complex campus environment [4] Company Overview - OMNIQ Corp specializes in AI-based computer vision and data intelligence, offering solutions for various applications including supply chain management, public safety, and traffic management [6][7] - The company provides a range of services including hardware, software, and automated management services, supported by a highly experienced team [8] - OMNIQ engages with several billion-dollar markets that are experiencing double-digit growth, such as the Global Safe City market and the Ticketless Safe Parking market [9] Technology and Solutions - The LPR solution includes the mobile AI-based license plate inventory system (MLPI), which provides real-time visibility across large and complex sites [3] - The campuses will utilize permission-based parking zones to manage access for thousands of employees and visitors, enhancing operational insight and consistency [3] - OMNIQ's solutions are designed with strict privacy and data protection standards, ensuring that data is processed securely and used only for authorized purposes [10]
Omniq (OMQS) - 2025 Q3 - Quarterly Results
2025-11-14 22:07
Financial Results - OMNIQ Corp. reported its financial results on November 14, 2025, with a focus on operational performance and financial condition[4]. - The press release detailing the financial results is attached as Exhibit 99.1[4]. Company Information - The company is listed under the trading symbol OMQS on the OTC exchange[2]. - The report was signed by Shai Lustgarten, the Chief Executive Officer and Interim Chief Financial Officer[9].
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
Financial Performance - The company's sales from operations for the nine months ended September 30, 2025, were $24 million, a decrease of approximately $2.8 million, or 10%, compared to the same period in 2024[82]. - The loss from operations for the nine months ended September 30, 2025, was $1.3 million, a decrease of $1.8 million compared to the loss of $3.1 million for the same period in 2024[83]. - For the three months ended September 30, 2025, the company generated net revenues of $8.8 million, a decrease of $628 thousand, or 6.64%, from $9.5 million in the same period in 2024[89]. - Total operating expenses for the three months ended September 30, 2025, were $3.6 million, a 23% increase from $2.9 million in the same period in 2024[92]. - For the nine months ended September 30, 2025, the company recognized a total of $17.1 million in cost of goods sold, which was 71% of net revenues, compared to $20.8 million, or 77% of net revenues, in the same period in 2024[99]. - Selling, general and administrative expenses for the nine months ended September 30, 2025, totaled $6.2 million, a 10.5% decrease from $6.9 million in the same period in 2024[101]. - Interest expense for the nine months ended September 30, 2025, totaled $651 thousand, compared to $820 thousand in the same period in 2024[103]. Cash and Working Capital - As of September 30, 2025, the company had cash of $679 thousand and a working capital deficit of $11.8 million, compared to cash of $2.3 million and a working capital deficit of $54 million as of December 31, 2024[84]. Internal Control and Compliance - As of September 30, 2025, the company's disclosure controls and procedures were deemed ineffective due to a previously reported material weakness in internal control over financial reporting[111]. - A material weakness was identified in the internal control over financial reporting for the year ended December 31, 2024, specifically related to segregation of duties and other immaterial weaknesses in data management and documentation[112]. - No changes in internal control over financial reporting occurred during the most recent fiscal quarter that materially affected the internal control[113]. Settlement and Cost Reduction - A subsidiary, Dangot Computers, reached a settlement with a vendor in Israel for approximately USD$1.2 million over a 12-month period, which will be treated as a reduction in Cost of Goods Sold upon receipt[115].
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]