Omniq Corp Stock Price, News & Analysis

OMNIQ Corp. (OTCQB: OMQS) has secured a three-year agreement with the City of Adrian, Georgia, to implement its QShield vehicle recognition systems (VRS) technology. This initiative is part of the Safe City force multiplier program, enabling local law enforcement to rapidly identify vehicles linked to outstanding traffic violations and criminal investigations. The QShield system will automatically alert the police when suspect vehicles pass its sensors, facilitating timely citations and enhancing public safety.

omniQ announces the deployment of its VISION AI-based license plate recognition system at Miami International Airport, following a contract with DESIGNA Access Corporation. This marks another milestone as omniQ's technology is now utilized in over 40 airports, including major hubs like ATL, DFW, and LAX. Miami International, ranked #11 in the U.S. for passenger boardings, becomes Florida's fourth major hub to adopt this advanced AI solution. The deployment is set for Q4 2021, enhancing operational efficiency and safety.

omniQ Corp (NASDAQ: OMQS) has secured a 10-year contract with La Sierra University to deploy its proprietary PERCS™ software for parking management. This includes an upgrade to the eCite Pro LPR system for enhanced time-based enforcement. The agreement also features a Gold Service Level Agreement for comprehensive support. omniQ's PERCS™ offers features like virtual permits, mobile enforcement, and PCI-compliant payment collection, underscoring its commitment to advanced AI solutions and recurring revenue.

omniQ Corp. (NASDAQ: OMQS) announced its participation in Lake Street Capital Markets' 5th Annual Best Ideas Growth Conference on September 14, 2021. The company specializes in AI-based solutions across various sectors including supply chain automation and public safety. With annual revenues exceeding $50 million, omniQ serves government agencies and Fortune 500 clients. Recently, they acquired 51% of Dangot, enhancing their capabilities in digital payment processing and smart warehouse robotics. omniQ targets markets projected to reach billions in revenue in the coming years.

omniQ Corp. (OTCQB: OMQS) announced the approval of its common stock for listing on The Nasdaq Capital Market, with trading set to begin on September 2, 2021. This milestone is expected to enhance shareholder value through increased visibility and improved trading liquidity. The company specializes in AI-based solutions for supply chain automation, traffic management, and public safety, with annual revenues exceeding $50 million. Recently, omniQ acquired a 51% stake in Dangot, expanding its technology offerings in retail and smart warehouse solutions.

OMNIQ Corp. (OTCQB: OMQS) has successfully closed its 51% acquisition of Dangot Computers Ltd., creating a combined revenue provider of $91 million in automation and object identification solutions. For H1 2021, the combined revenue reached $52.5 million, indicating an annual run rate exceeding $100 million. OMNIQ's Q2 2021 sales increased 3.5% YoY to $13.1 million, with a notable 100% growth in AI-based technology sales compared to Q1. Despite growing revenue, the company reported a net loss of $2.5 million for Q2 2021, reflecting increased operating expenses and interest costs.

omniQ Corp. (OTCQB: OMQS), a leader in AI-based technology solutions for various sectors, announced its upcoming presentation at the Sidoti Summer Virtual Microcap Investor Conference on August 18, 2021, at 10:45 am ET. The conference will highlight the company’s rapid growth, with annual revenues exceeding $50 million since 2014. omniQ has also recently acquired a 51% stake in Dangot, enhancing its capabilities in automated order processing and smart technologies. The company operates in billion-dollar markets, including the Global Safe City and Ticketless Safe Parking sectors.

OMNIQ Corp. (OTCQB: OMQS) announced a new order for its AI-based machine vision solution at the Israel-Jordan border checkpoint. This deployment will enhance security and decision-making capabilities using patented Neural Network algorithms. Over 17,000 sensors are installed globally, with approximately 7,000 in the U.S. Recent successes include contracts with various institutions, such as Cypress College and Philadelphia International Airport. The company anticipates growth in the self-ordering kiosk market, projected to reach $30.8 billion by 2024.