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 (OMQS) reported its 2024 financial results with revenue of $73.5 million, down 9% from $81 million in 2023. Despite revenue decline, the company showed significant operational improvements with a 74% reduction in operating losses to $6.9 million from $26.2 million in 2023.
Key financial metrics include stable gross profit at $15.4 million (vs $15.7M in 2023), reduced SG&A expenses by 15% to $19.5 million, and a decreased comprehensive loss of $9.3 million (down 68% from 2023). Operating expenses decreased by 47% to $22.3 million.
The company expanded its technology portfolio with the introduction of seeQ SaaS product and launched various pilot programs including homeland security initiatives and fintech kiosk deployments. The IoT division secured multiple large purchase orders totaling over $10.8 million across retail, transportation, and bioscience sectors.
OMNIQ Corp (OTCMKTS: OMQS) has secured a $4.4 million purchase order from a major logistics provider for ruggedized handheld mobile computers. The order, announced on March 12, 2025, follows multiple high-value orders in Q4 2024 and Q1 2025.
The logistics provider, operating across 13 states, will deploy these devices to enhance operational efficiency in warehouses, distribution centers, and transportation hubs. The ruggedized computers are designed to provide frontline workers with real-time data access, workflow automation, and system integration capabilities while withstanding harsh conditions.
This purchase represents a continuation of a six-year partnership between OMNIQ and the logistics provider, focusing on optimizing efficiency, accuracy, and fleet management in LTL operations.
OMNIQ Corp. (OMQS) has secured $1 million in new purchase orders from a long-term logistics and manufacturing partner. The orders encompass OMNIQ's advanced hardware and service agreements designed to enhance operational efficiency. The service agreements are expected to generate recurring revenue, supporting the company's financial stability and growth strategy.
The purchase orders highlight OMNIQ's position in delivering AI-powered solutions for logistics and manufacturing operations. The company's proprietary AI-driven solutions enable seamless integration of hardware and software, while their service agreements provide ongoing support and enhanced functionality for customers.
OMNIQ Corp. (OMQS) has secured a new $3.6 million purchase order from a leading retail company in Q4, following previous orders of $3.4 and $1.4 million in the same quarter. The order involves providing cutting-edge IoT equipment to a recurring Fortune 500 customer. The agreement aims to help the retail partner streamline operations, reduce costs, and enhance customer experiences.
The company's CEO, Shai Lustgarten, emphasized that this collaboration demonstrates the trust major businesses place in OMNIQ. This partnership aligns with OMNIQ's mission to provide operational efficiency solutions across multiple sectors, including Fortune 500 companies, government agencies, and municipalities.
OMNIQ reports Q3 2024 financial results with revenue of $18.5 million, representing a 7.57% year-over-year growth. Operating expenses decreased significantly by 25.58% to $4.9 million, while net loss improved by 62.86% to $1.6 million compared to Q3 2023. The company secured multiple purchase orders totaling $8.3 million and formed strategic alliances with Ingenico, SHVA, and NEC. Notable developments include uplisting to OTCQB Market and deployments in two major medical centers. The company focuses on expanding recurring revenue through SaaS and service offerings, particularly in fintech, public safety, and IoT solutions.
OMNIQ Corp (OTC: OMQS), a provider of automation solutions including machine vision AI and IoT-based solutions, announced it will release its Third Quarter 2024 earnings report after market close on Thursday, November 14th, 2024. The company will host a live earnings call with management on Friday, November 15th, 2024, at 11:00 AM EST. Participants can join via phone or computer webcast, with replay options available.
OMNIQ Corp (OTCQB: OMQS) has secured $3.4 million in new purchase orders from a major retail customer. The orders include advanced portable printers and tablets designed to optimize in-store operations, enhance inventory accuracy, and improve customer experience. The deployment will replace legacy systems across the retailer's network, building upon a decade-long partnership between the companies. This development aligns with OMNIQ's strategy of expanding relationships with existing clients while pursuing new industry partnerships.
OMNIQ has secured a $1.4 million contract renewal with a major transportation and logistics company, extending their two-decade partnership. The agreement includes supplying advanced Android-based rugged IoT devices, software subscriptions, and maintenance services nationwide. The client, a Fortune 500 company with $11 billion in annual revenue and over 15,000 employees, relies on OMNIQ's technology for optimizing operations during peak seasons. This renewal follows recent orders of $1 million in September and $2.5 million from other long-term customers.
OMNIQ Corp (OTC: OMQS) announces its participation in the upcoming ThinkEquity Investors Conference on October 30th, 2024, in New York. CEO Shai Lustgarten will present the company's latest innovations and strategic developments in AI-based solutions and machine vision systems.
The conference provides a platform for investors, industry experts, and companies to discuss market trends and opportunities. Attendees can register through the ThinkEquity conference website, and a webcast will be available on OMNIQ's Investor Relations section for those unable to attend in person.
The presentation will highlight OMNIQ's growth position through scalable machine vision solutions, market presence, and focus on recurring revenue streams. The company will also discuss recent strategic cooperation milestones and market expansion efforts.
OMNIQ Corp. (OTCQB: OMQS) announces its ongoing collaboration with NEC to enhance public safety and security solutions. This partnership combines OMNIQ's AI-driven face capture and vehicle recognition technologies with NEC's advanced facial recognition and database capabilities. The collaboration aims to address key challenges in law enforcement, transportation, military, and urban infrastructure sectors.
The announcement follows the completion of a vital homeland security project and recent successful deployments of AI-based access control systems in Ohio and Texas. OMNIQ's CEO, Shai Lustgarten, emphasizes the synergy between their proprietary AI systems and NEC's innovations in advancing critical infrastructure protection. John Whiteman, OMNIQ's Executive Director of Sales, highlights the comprehensive solution their combined technologies offer for modern security challenges.
The partnership focuses on creating access control for secure sites using facial recognition biometrics while providing real-time analytics, enhanced situational awareness, and proactive threat detection. Both companies are committed to developing more robust, scalable solutions for cities and public institutions, positioning themselves at the forefront of shaping the future of public safety.