SALT LAKE CITY, Aug. 13, 2024 (GLOBE NEWSWIRE) -- OMNIQ Corp. (OTCQB: OMQS) ("OMNIQ" or the "Company"), a provider of Artificial Intelligence (AI) and IoT–based solutions will release Second Quarter 2024 Earnings after the market close on August 14th, 2024. The announcement will be followed by a live earnings call with management the following morning, Thursday, August 15th, 2024, at 8:30 AM EST. You can join the call by visiting www.omniQ.com or by using the link provided below. CALL DETAILS Thursday, Augu ...

SALT LAKE CITY, Aug. 05, 2024 (GLOBE NEWSWIRE) -- OMNIQ Corp. (OTCQB:OMQS) ("OMNIQ" or "the Company"), a leading provider of AI-based solutions and supply chain management, proudly announces the deployment of its advanced AI-based parking control solution, PERCS™, integrated with WPS Parking Solutions and Citywide Solutions, Inc. (CSI), at a prominent medical center in Ohio. This strategic implementation will create ongoing SaaS and revenue share streams of income for omniQ® and underscores The Company's co ...

Salt Lake City, UT, Aug. 01, 2024 (GLOBE NEWSWIRE) -- OMNIQ CORP. (OTCQB:OMQS), a leading provider of AI-based solutions for supply chain management, public safety, and healthcare, is pleased to announce that its common stock has been approved for uplisting from the OTC Pink Market to the OTCQB Venture Market, effective immediately. The OTCQB Venture Market, operated by OTC Markets Group, is recognized as a premier marketplace for early-stage and developing U.S. and international companies. The move to OTCQ ...

Trading to Continue Under Same Ticker Symbol OMQS Continuation on OTC Markets OMNIQ assures its shareholders that this transition will not affect their holdings. The Company remains dedicated to delivering value and maintaining strong relationships with its investors. OMNIQ will continue its focus on delivering innovative AI-based solutions to a diverse range of industries, including supply chain management, homeland security, and public safety. Additionally, OMNIQ is expanding its portfolio with cutting-ed ...

Financial Data and Key Metrics Changes - In Q1 2024, revenues increased by 14% from the previous quarter, reaching $18.3 million [28] - Gross margin reached a record high of 28%, up from 21% in the same quarter last year and up 13% from Q4 2023 [28] - Gross profit soared by 142%, amounting to $5 million [28] - SG&A expenses decreased by 18%, contributing to an overall 18% reduction in total operating expenses compared to Q1 2023 [28] - Operating loss decreased by 37% from $2 million in Q1 2023 to $1.3 million in Q1 2024 [28] - Net loss saw a reduction of 40% [28] Business Line Data and Key Metrics Changes - The company has made significant strides in the fintech sector, deploying self-service consumer management kiosks with major clients, including Israel's largest energy company and two major U.S. restaurant chains [25][27] - The introduction of AI machine vision products has contributed to higher gross margins, driven by increased revenue from these products [32] Market Data and Key Metrics Changes - The fintech market is experiencing rapid growth, driven by increasing demand for technology-driven financial solutions, which presents significant opportunities for the company [27] - The company is actively leveraging trends such as digital transformation and AI integration to enhance product offerings [27] Company Strategy and Development Direction - The company is focused on profitability and operational efficiency, implementing strategic measures to reduce costs and increase revenues [8][11] - The strategic plan includes concentrating sales efforts on higher profit products and expanding product lines in large growing markets [8] - The company aims to regain a national exchange listing while continuing to trade on the OTC market [7] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving profitability within the year, highlighting clear visibility towards revenue growth [15] - The company is committed to enhancing operational efficiency and has seen positive results from its cost management strategies [11][28] - Management emphasized the importance of customer-centric innovation and operational excellence in maintaining a competitive edge [9] Other Important Information - The company has submitted an application to list its common stock on the OTCQX marketplace, reflecting its commitment to high standards and transparency [7] - The company has successfully managed costs, leading to a noticeable decrease in losses and driving sales [11] Q&A Session Summary Question: What is the plan for the next quarters regarding cost cuts and achieving profitability? - Management stated that the focus will remain on profitability and cost cuts, with clear visibility towards revenue growth [15] Question: Can you explain the higher gross margin? Is it due to product mix and is it expected to continue? - The higher margins are attributed to the introduction of AI machine vision products and ongoing cost cuts [32] Question: Can you provide more details about the fintech business segment and its growth potential? - The fintech segment is seen as a significant growth engine, with existing solutions already serving Fortune 500 customers and managing approximately 30,000 businesses [16][33] Question: Can you update us on the $50 million project and its revenue impact? - Management confirmed that purchase orders have been received from the customer, indicating trust in the product, and expects first orders from the $50 million budget soon [37] Question: Can you provide updates on new AI features and projects? - Management discussed ongoing projects in crowd management and vehicle identification, highlighting successful pilots and deployments in various sectors [45][46]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 For the transition period from________ to__________ Commission File Number: 001-40768 OMNIQ Corp. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organization) FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended: March 31, 2024 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURIT ...

SALT LAKE CITY, May 13, 2024 (GLOBE NEWSWIRE) -- OMNIQ Corp. (OTC PINK: 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 ...

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 commit ...

Shai Lustgarten - Chairman and Chief Executive Officer Hello and welcome to the OMNIQ Corp's Fourth Quarter 2023 Earnings Conference Call. My name is Ali and I will be your coordinator for today's call. With us on the call are Mr. Shai Lustgarten, Chief Executive Officer and Principal Accounting Officer. Although they reflect our current expectations and are based on our best view of the industry and our current expectations and our business as we see them today, they are not guarantees of future performanc ...

Now back to Shai. Thank you. At this time, we will be conducting a question-and-answer session. [Operator Instructions] And the first question today is coming from Hela Pinkowski [ph]. Hela is a Private Investor. Your line is live. Unidentified Analyst Thank you, Hela. Unidentified Analyst Unidentified Analyst Yes, absolutely. As we discussed on the call when I read -- when I was discussing earlier, the macroeconomic situation, we see the -- in the US, of course, over the world, we saw the global inflation ...