Omniq Corp Stock Price, News & Analysis

OMNIQ Corp. (NASDAQ: OMQS) has successfully expanded its AI-driven solutions, announcing the deployment of its technology at Duluth International Airport, marking its 50th airport installation. This technology enhances customer experience and security while improving revenue management. OMNIQ's machine vision system aids in vehicle recognition, facilitating touchless entry and providing accurate revenue calculations. In addition to airports, OMNIQ is penetrating retail markets like drive-through restaurants and gas stations, leveraging its AI capabilities across various sectors.

OMNIQ Corp. (NASDAQ: OMQS) announced that its subsidiary, Dangot Computers Ltd, contributed to Israel's first emergency medical hospital, implementing advanced self-service registration systems. This technology integrates barcode readers to enhance patient management, significantly reducing wait times and operational errors. CEO Shai Lustgarten emphasized the importance of this solution in improving patient experience. OMNIQ continues to expand within the Israeli healthcare market, providing numerous appointment stations.

OMNIQ Corp. (NASDAQ: OMQS), a provider of AI-based supply chain solutions, announced its participation in the H.C. Wainwright 24th Annual Global Investment Conference from September 12-14, 2022. CEO Shai Lustgarten will present virtually on September 12 at 2:30 p.m. ET. OMNIQ offers advanced machine vision solutions for various sectors, including government and Fortune 500 companies, with revenues exceeding $79 million. The company targets significant growth in billion-dollar markets such as Global Safe City and Ticketless Safe Parking.

OMNIQ Corp. (NASDAQ: OMQS) announced participation in the Rosenblatt Securities 2nd Annual Technology Summit on August 24, 2022. CEO Shai Lustgarten will present at 12:00 p.m. Eastern Time. OMNIQ provides AI-based solutions for supply chain management, public safety, and traffic management, serving clients across various sectors, including government and Fortune 500 companies. The company reported over $79 million in annual revenues and targets multi-billion-dollar markets, such as the Global Safe City market, projected to reach $29 billion by 2022.

OMNIQ Corp. (NASDAQ: OMQS) announced significant financial growth for Q2 and the first half of 2022. Revenue surged by 85% in Q2 compared to Q2 2021, totaling $24.2 million, with a 54% increase in six-month revenue, reaching over $50 million. Gross profit rose by 81% in Q2, totaling over $5.9 million. The gross margin improved to 24% from 18% year-over-year. Despite this, the company reported a net loss of $3.1 million in Q2. OMNIQ's AI solutions have gained traction in retail and law enforcement, securing contracts with multiple municipalities.

OMNIQ CORP. (NASDAQ: OMQS) has secured an initial purchase order from a major American casual fast-food chain with over 800 locations. The order includes hardware and AI-based software aimed at enhancing customer service and revenue growth through real-time consumption insights. OMNIQ's Q Shield™ technology will also bolster security at these locations. CEO Shai Lustgarten highlighted the potential growth in the retail and fast-food sectors, driven by the demand for dynamic customer data and improved service amidst challenging employment conditions. The company has an extensive backlog of projects totaling over $44 million.

OMNIQ Corp. (NASDAQ: OMQS) will hold a conference call and webcast on August 15, 2022, at 11:00 a.m. ET to discuss its financial results for Q1 ending June 30, 2022. The event will be accessible via a webcast link or by phone. OMNIQ specializes in AI-based solutions for supply chain management, with revenues exceeding $50 million since 2014, and is positioned in billion-dollar markets like Global Safe City and Ticketless Safe Parking.

OMNIQ Corp. (NASDAQ: OMQS) announced a $1 million purchase order from a Fortune 100 company for technical support of new technology in mega logistics centers. This order enhances operational efficiency through improved reporting and support during deployment. This follows a $29 million order for supply chain equipment and an $11 million project awarded by the Government of Israel, contributing to an all-time backlog of projects. OMNIQ continues to leverage AI solutions for various industries, with revenue growth surpassing $50 million since 2014.

OMNIQ Corp. (NASDAQ:OMQS) has received an initial order from a major retailer to deploy up to 5,000 units of its Machine Vision solution across North America. This technology will enhance vehicle identification, customer service efficiency, and product recommendations based on vehicle specifications. The order follows recent significant contracts, including a $29 million project with a Fortune 100 firm, an $11 million government project in Israel, and a $4.1 million supply chain order, resulting in a record backlog.