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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 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].