OMNIQ Reports $19.9 Million Revenue in the First Quarter 2025

Financial Performance - In Q1 2025, the company reported revenue of $19.9 million, an increase of 8.7% compared to $18.3 million in Q1 2024 [2][3] - The net loss for the quarter remained steady at $2.1 million, unchanged from the same period last year [2] - Basic loss per share from continuing operations was $0.20, consistent with the same period in 2024 [3] - Comprehensive loss decreased to $1.6 million in Q1 2025 from $1.9 million in Q1 2024, representing a 15.8% improvement [3] - Operating income showed a loss of $690 thousand, an improvement of 45% from a loss of $1.3 million in Q1 2024 [3] Customer and Market Dynamics - No single customer accounted for more than 10% of total revenue in Q1 2025, contrasting with one customer that represented 23.7% of total revenue for the full year 2024 [4] - The company expanded its customer base across key sectors including transportation, healthcare, education, and municipal operations [5] - Demand for integrated automation and computer vision solutions remained strong, with solid traction in both new and existing markets [5] Operational Focus and Strategy - The company is committed to strengthening relationships with current customers by delivering system upgrades and improving integrations [6] - The operational focus remains on execution and building systems that meet real-world needs, rather than chasing trends [7][9] - The company is actively developing and refining product lines to address evolving customer needs in high-impact sectors such as parking, transportation, retail, and logistics [8] Company Overview - OMNIQ Corp. provides computerized and machine vision image processing solutions using patented AI technology for various applications including supply chain management and public safety [10] - The company serves government agencies and Fortune 500 companies across multiple sectors, including manufacturing, retail, and healthcare [11] - Since 2014, annual revenues have more than doubled, reaching $81 million in 2023, with a presence in over 40 countries [12]