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 (NASDAQ: OMQS) delivers AI-driven machine vision and IoT solutions that optimize supply chains, enhance public safety, and power smart city infrastructure. This news hub provides investors and industry professionals with timely updates on the company’s strategic initiatives, product developments, and market positioning.
Access OMNIQ’s official press releases, earnings reports, and partnership announcements in one centralized location. Track developments in key areas including AI-powered surveillance systems, logistics automation, and IoT integrations for enterprise clients. Our curated news collection ensures you stay informed about technological advancements and operational milestones without promotional bias.
Explore updates categorized for clarity: financial performance disclosures, new product launches, government contract awards, and collaborations with Fortune 500 clients. All content is verified for accuracy and relevance to OMNIQ’s core focus on machine vision innovation and secure data management solutions.
Bookmark this page for streamlined access to OMNIQ’s evolving role in transforming industries through cutting-edge AI and IoT applications. Regularly updated to reflect the latest corporate developments impacting logistics, smart cities, and industrial automation sectors.
OMNIQ Corp. (OTCQB: OMQS) has secured over $1 million in new purchase orders from a long-term bioscience customer, marking a 20-year partnership milestone. This follows a recent $2.5 million order from a major retail chain. The new orders include advanced scanning technology to replace legacy equipment and support the customer's growth. OMNIQ's CEO, Shai Lustgarten, emphasized the company's commitment to delivering state-of-the-art technologies for the bioscience industry.
This announcement builds on OMNIQ's recent strategic collaborations with Ingenico and SHVA, enhancing its global footprint. The company's AI-driven solutions are designed to optimize operational processes across various industries, including healthcare, logistics, and bioscience, providing enhanced data capture capabilities, greater accuracy, and increased processing speeds.
OMNIQ Corp. (OTCQB: OMQS) has received a $2.5 million purchase order from a long-standing retail partner, reinforcing their decade-long collaboration. The order, placed on August 26, 2024, includes state-of-the-art portable IoT printers designed to enhance in-store operations and delivery logistics across the retailer's network.
This significant order aims to replace outdated systems, improving inventory management, operational efficiency, and customer satisfaction. OMNIQ's CEO, Shai Lustgarten, emphasized the company's commitment to supporting the evolving needs of their valued partner. This development aligns with OMNIQ's strategic initiative to expand business with existing customers while also pursuing new relationships in the retail sector.
OMNIQ Corp. (OTCQB: OMQS) has announced a collaboration agreement with SHVA (Automated Banking Services ), Israel's leading payment processing company. This partnership marks a significant milestone in OMNIQ's strategic expansion within the fintech industry. SHVA processes millions of transactions monthly, playing a key role in Israel's financial sector.
The collaboration is expected to introduce cutting-edge payment solutions, benefiting businesses and consumers by streamlining transaction processes and enhancing security and efficiency. This agreement follows OMNIQ's successful EMV certification, enabling it to process both domestic and international credit card transactions with enhanced capabilities.
OMNIQ anticipates that this partnership will not only enhance its product offerings but also strengthen its market presence in the rapidly evolving global fintech landscape.
OMNIQ Corp (OTCQB: OMQS) reported Q2 2024 revenues of $19.1 million, a 4% increase from Q1. Key improvements include:
- Gross margin rose to 26% in Q2 2024 vs 19% in Q2 2023
- Gross profit increased by 26% or $1M compared to Q2 2023
- SGA expenses decreased by $290,000 compared to Q2 2023
- Total operating expenses down by $586,000 compared to Q1 2023
- Cash and cash equivalents increased by 56% to $1.4 million
OMNIQ has upgraded its AI engine for new use cases, expanded into security operations, and maintained a strong IoT business. The company uplisted to OTCQB and partnered with Ingenico for payment solutions. Management focuses on regaining profitability through cost reduction and strategic growth initiatives.
OMNIQ Corp (OTCQB: OMQS) has formed a strategic alliance with Ingenico, a global leader in seamless payment solutions. This non-exclusive agreement aims to enhance fintech solutions by combining OMNIQ's AI-driven technology and innovative fintech software with Ingenico's state-of-the-art payment solutions. The collaboration leverages OMNIQ's recent acquisition of Codeblocks and aligns with the company's expertise in technology solutions for various sectors including manufacturing, retail, and healthcare.
This partnership is expected to streamline payment processes across industries, setting new standards in fintech innovation and operational efficiency. OMNIQ CEO Shai Lustgarten emphasized the company's commitment to fostering long-term relationships and integrating innovative solutions to ensure clients receive secure and seamless experiences.
OMNIQ Corp. (OTCQB: OMQS), an AI and IoT solutions provider, has scheduled its Second Quarter 2024 Earnings Call. The company will release Q2 2024 earnings on August 14th, 2024 after market close, followed by a live earnings call on August 15th, 2024, at 8:30 AM EST. Management will discuss financial performance and provide updates on strategic initiatives. The call will include a Q&A session for analysts and institutional investors.
Participants can join via webcast or phone using the provided details. A replay will be available for those who miss the call. This earnings announcement presents an opportunity for investors to gain insights into OMNIQ's recent performance and future outlook.
OMNIQ Corp. (OTCQB: OMQS) has announced the deployment of an advanced AI parking access control system at a second major medical center in Texas, in partnership with WPS. This system, utilizing OMNIQ's proprietary AI-based License Plate Recognition (LPR) technology, enhances campus security and optimizes parking management by controlling vehicle access to specific areas. The solution includes:
- Access control for monthly parkers
- LPR cameras and lane controllers
- Handheld IoT devices for issuing citations
- Mobile LPR vehicles for parking enforcement
The pricing model is subscription-based, offering a cost-effective approach for clients while ensuring continuous innovation and support from OMNIQ. This deployment is part of OMNIQ's broader strategy to integrate AI-driven technologies across various sectors, including supply chain management, public safety, and smart city applications.
OMNIQ Corp. (OTCQB: OMQS) has deployed its AI-based parking control solution, PERCS™, at a major Ohio medical center. This implementation, integrated with WPS Parking Solutions and Citywide Solutions, Inc. (CSI), will generate ongoing SaaS and revenue share streams for OMNIQ. The system offers customized parking assignments, a user-friendly customer portal, cloud-based management, and enhanced security measures.
Key features include specific parking area allocation based on pass type, vehicle registration and management through an online portal, centralized cloud-based control, and security features like hot lists and allow lists. OMNIQ CEO Shai Lustgarten emphasized that the partnerships have added significant functionality to their AI machine vision solution, creating more value for customers and expanding potential use cases.
OMNIQ CORP (OTCQB: OMQS), a leading AI solutions provider for supply chain management, public safety, and healthcare, has announced its uplisting from the OTC Pink Market to the OTCQB Venture Market. This move, effective immediately, reflects OMNIQ's commitment to increased transparency, improved investor confidence, and attracting a broader shareholder base.
The uplisting is expected to provide better trading conditions, including improved market depth and reduced spreads. CEO Shai Lustgarten emphasized that this milestone validates their business model and sets the stage for future expansion. OMNIQ continues to leverage its proprietary AI technology in machine vision and IoT to optimize operations across various industries.
OMNIQ Corp. announced its transition from NASDAQ to OTC Markets due to not meeting the minimum market value requirement of $35 million. Despite the delisting, the company's stock will continue to trade under the ticker symbol OMQS. OMNIQ assures shareholders that their investments remain secure and tradable, emphasizing their commitment to corporate governance and transparency. The company aims for a swift relisting on a national exchange and continues to focus on AI-based solutions for various industries. Additionally, OMNIQ is expanding its portfolio with fintech products, SaaS solutions, and advancements in mobile computing.