Omniq Corp Stock Price, News & Analysis

OMNIQ Corp. (NASDAQ: OMQS) reported strong financial results for Q3 2021, achieving a 30% year-over-year increase in sales to $20.5 million and a 56% sequential increase from Q2. Gross profit rose 68% with margins expanding to 23%. Cash increased 118% to $10 million. The company completed a private placement and acquired a 51% stake in Dangot Computers, facilitating significant new orders. However, net loss widened to $5 million compared to last year, and operating expenses rose substantially due to acquisition-related costs.

OMNIQ Corp (NASDAQ: OMQS) has secured a $4 million purchase agreement from a Midwest-based 3PL client for rugged Android data collection equipment. This follows earlier orders totaling $7 million from the same customer and another $2 million from Israel's largest HMO. The company will also provide technical support and device management software. With annual revenue exceeding $400 million, the client has over 3,000 employees. OMNIQ's recent contract reinforces its strategy of repeat business and its reputation as a provider of advanced technology solutions.

omniQ Corp. (NASDAQ: OMQS) has secured a contract with Israel's largest HMO, which serves over 4.7 million citizens, to provide Intelligent Healthcare Carts for its 14 hospitals and 2,000 clinics. This three-year service agreement is expected to benefit the company significantly, particularly as the customer represents a $10 billion market. The Intelligent Healthcare Carts feature advanced patient identification systems and diagnostic equipment, aiming to improve healthcare efficiency and reduce errors. The company's acquisition of Dangot Computers Ltd supports its growth in innovative healthcare technology.

OMNIQ Corp (NASDAQ: OMQS) will host a conference call and webcast on November 16, 2021, at 11:00 AM Eastern Time to discuss its financial results for the third quarter ended September 30, 2021. Participants can join the call by dialing 877-545-0523 for toll-free access or 973-528-0016 internationally, using access code 232088. OMNIQ specializes in AI-based supply chain solutions, serving government and Fortune 500 clients. The company also recently acquired a 51% stake in Dangot Computers Ltd to enhance its technology offerings.

OMNIQ Corp (NASDAQ: OMQS) announced a $4.0 million purchase agreement with a Midwest-based third-party logistics client for the supply of Android-based rugged data collection and communication equipment to distribution centers nationwide. This contract includes an immediate $400,000 delivery and ongoing deliveries extending into fiscal year 2022 and beyond. The client boasts annual revenues exceeding $400 million and employs over 3,000 people. OMNIQ is recognized for its advanced Android solutions that streamline logistics and inventory management.

OMNIQ Corp (NASDAQ: OMQS) has secured a $7.8 million purchase agreement from a leading food distributor in North America, adding to over $13 million in orders since February 2021. The contract involves providing IoT solutions for distribution centers across the US and Canada, including technical support and device management software. The customer, with annual revenues exceeding $11 billion, serves over 100,000 clients, emphasizing automation and efficiency in its supply chain operations. This partnership reflects strong confidence in OMNIQ's IoT capabilities and customer retention strategy.

OMNIQ Corp. (NASDAQ: OMQS) announced a purchase order worth approximately $1.8 million from a Fortune 500 IT supply chain provider. This long-term customer will implement Zebra data collection hardware, completing their transition from WM to Android. The order includes rugged mobile computers to enhance automation, digital monitoring, and efficiencies throughout the supply chain. OMNIQ provides a suite of mobility solutions designed for quick and accurate data collection, which improves retail operations. The company continues to see strong momentum in its business growth.

omniQ Corp. (NASDAQ: OMQS) announced a partnership with 911inform to enhance AI-based object recognition and emergency management solutions. This collaboration aims to improve public safety by integrating omniQ’s technologies into 911inform’s platform, enabling real-time situational awareness for first responders. The partnership will also expand their product offerings, and both companies stand to benefit from a broader distribution channel. omniQ has reported annual revenues exceeding $50 million and is poised to capitalize on growing markets like the Global Safe City market, projected to reach $29 billion by 2022.

omniQ Corp. (NASDAQ: OMQS) has announced that CEO Shai Lustgarten will ring the Nasdaq Stock Market Closing Bell today. This event follows the company's listing on The Nasdaq Capital Market on September 2, 2021. omniQ delivers AI and IoT solutions for various sectors, including supply chain and public safety, boasting annual revenues exceeding $50 million. Additionally, omniQ recently acquired 51% of Dangot Computers Ltd, enhancing its capabilities in automated processing technologies. The company operates in growing markets like Safe Cities and Ticketless Parking.