Welcome to our dedicated page for Omniq news (Ticker: OMQS), a resource for investors and traders seeking the latest updates and insights on Omniq stock.
OMNIQ CORP (OMQS) generates frequent news and updates around its AI-based computer vision, machine vision processing, and automation technologies. Company press releases highlight deployments of license plate recognition, access-control systems, and intelligent parking and enforcement platforms across airports, healthcare institutions, universities, and municipal operations.
News coverage for OMNIQ often focuses on new contracts and expansions, such as AI access-control projects at a public research university in Wisconsin, mobility and security upgrades at a major medical institution in Texas, and airport parking automation at Houghton County Airport (CMX). These announcements describe how OMNIQ’s systems automate license plate scanning, streamline vehicle entry and exit, manage permits and payments, and support traffic and parking enforcement.
Investors and observers can also find updates on OMNIQ’s Mobile License Plate Inventory (MLPI) deployments, where mobile AI analytics platforms are rolled out across airports, healthcare systems, and business complexes. Additional news items cover financial results, strategic divestitures of legacy assets, and the company’s focus on Smart Automation and AI-driven products.
This news page aggregates OMNIQ’s press releases and related coverage so readers can follow developments in its AI, computer vision, and automation businesses, including contract wins, sector-specific deployments, and financial and strategic updates. For those tracking OMQS, it offers a centralized view of how the company’s technology is being adopted in real-world environments and how its business focus evolves over time.
OMNIQ Corp. (NASDAQ: OMQS) reported a strong Q1 2022, with revenue increasing by 33% to $26.3 million compared to Q1 2021. Gross profit surged by 132%, achieving a gross margin of 23.3%. The trailing six months revenue exceeded $51 million, suggesting an annual run rate of over $100 million. Despite these gains, the company recorded a net loss of $2.6 million. OMNIQ's acquisition of Dangot Computers is expected to bolster its AI solutions in the U.S. market, with positive momentum in public safety applications.
OMNIQ Corp (NASDAQ: OMQS) announced a $4 million project with a leading global transport and logistics (T&L) firm, set for delivery in Q2 and Q3 of 2022. The initial delivery will be $1.2 million, with the remaining $2.8 million to follow. The agreement involves supplying rugged Android-based data collection and communication equipment across the United States. The T&L customer has annual revenues exceeding $10 billion and employs over 10,000. OMNIQ's revenue has surpassed $50 million since 2014, indicating significant growth in various billion-dollar markets.
OMNIQ Corp (NASDAQ:OMQS), a leader in AI-based supply chain solutions, will present at the Spring Into Action – Best Ideas Virtual Investor Conference from May 17-20, 2022. CEO Shai Lustgarten is set to deliver the presentation on May 17 at 10am MT, with opportunities for one-on-one meetings available throughout the event.
The conference showcases 36 top companies, each recommended by institutional investors. OMNIQ has reported over $50 million in annual revenues since 2014 and serves a variety of sectors including government, healthcare, and logistics.
OMNIQ Corp. (NASDAQ: OMQS) will host a conference call on May 17, 2022, at 11:00 AM ET to discuss first-quarter financial results ended March 31, 2022. The company focuses on Supply Chain and AI-based solutions and serves clients in various sectors, including government and Fortune 500 companies. OMNIQ's revenues have surpassed $50 million since 2014, capitalizing on billion-dollar markets like Global Safe City and Ticketless Safe Parking, expected to grow significantly. For access, visit omniQ.com.
OMNIQ Corp. (NASDAQ:OMQS) has enhanced the rideshare experience at Philadelphia International Airport (PHL) amid construction-induced congestion by implementing AI technology for Parkway Corp. This solution provides a seamless, near-zero-wait pickup process by matching drivers with passengers through real-time license plate recognition.
The omniQ vehicle recognition system is already utilized in over 40 major U.S. airports, showcasing the company’s commitment to innovation and environmental sustainability. Recognition from Uber highlights the positive impact of omniQ's systems on customer experience and operational efficiency.
OMNIQ Corp. (NASDAQ:OMQS) has secured a follow-on contract to deploy its AI-based Machine Vision solution in a district of Uruguay, enhancing the Safe District project. This initiative spans six municipal authorities, including a tourist destination, and builds on a successful four-year collaboration. OMNIQ's advanced Vehicle Recognition System provides real-time data for law enforcement, improving public safety. The company aims to replicate this success in other markets as public safety demands increase.
OMNIQ Corp. (NASDAQ: OMQS) announced that its Q Shield™ AI-based vehicle recognition system has effectively assisted law enforcement in solving over 20 theft crimes and a missing person's case within just 45 days of operation. Deployed in several municipalities, including Adrian, Georgia, Q Shield™ enhances safety and law enforcement efficiency through its patented algorithms. The system's unique revenue model minimizes upfront costs for cities, allowing for broader deployment. OMNIQ's CEO expressed optimism for further installations, highlighting the system's significant benefits for public safety.
OMNIQ Corp. (NASDAQ: OMQS) has secured an $8.5 million lending facility from Bridge Bank, marking a significant advancement in financial strategy. This new credit line offers a 40% increase in borrowing capacity and features substantially lower interest rates, improving cash flow and reducing expenses. The deal reflects strong investor confidence with no equity dilution involved. CEO Shai Lustgarten highlights this as a crucial step for OMNIQ’s growth. The company specializes in AI-based solutions and serves various sectors, including government and Fortune 500 companies.
OMNIQ Corp. (NASDAQ:OMQS) has completed its acquisition of Dangot Computers, increasing its ownership to 100% as of April 1, 2022. This strategic move, involving a total payment of $3.5 million, is expected to enhance OMNIQ's presence in automation across various sectors. Dangot, with 2021 revenues of approximately $40 million and a net profit of $2 million, provides integration synergies with OMNIQ's AI solutions. The combined revenue for OMNIQ and Dangot reached $24.9 million in Q4 2021, contributing to an annualized revenue milestone surpassing $100 million.
OMNIQ Corp. (NASDAQ: OMQS) reported its financial results for Q4 and FY 2021, showcasing a robust revenue growth of 93% YoY in Q4, reaching $24.9 million, and a 42% increase in annual revenue to $78.3 million. The company achieved a significant milestone with a near $100 million annual revenue run rate, aided by the acquisition of 77% of Dangot Computers Ltd., resulting in new projects and increased gross profit margins. Despite a quarterly net loss of $2.2 million, cash reserves grew by 39% to approximately $7.1 million. OMNIQ anticipates continued growth through its AI and automation offerings.
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