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. (NASDAQ: OMQS) announced participation in the Rosenblatt Securities 2nd Annual Technology Summit on August 24, 2022. CEO Shai Lustgarten will present at 12:00 p.m. Eastern Time. OMNIQ provides AI-based solutions for supply chain management, public safety, and traffic management, serving clients across various sectors, including government and Fortune 500 companies. The company reported over $79 million in annual revenues and targets multi-billion-dollar markets, such as the Global Safe City market, projected to reach $29 billion by 2022.
OMNIQ Corp. (NASDAQ: OMQS) announced significant financial growth for Q2 and the first half of 2022. Revenue surged by 85% in Q2 compared to Q2 2021, totaling $24.2 million, with a 54% increase in six-month revenue, reaching over $50 million. Gross profit rose by 81% in Q2, totaling over $5.9 million. The gross margin improved to 24% from 18% year-over-year. Despite this, the company reported a net loss of $3.1 million in Q2. OMNIQ's AI solutions have gained traction in retail and law enforcement, securing contracts with multiple municipalities.
OMNIQ CORP. (NASDAQ: OMQS) has secured an initial purchase order from a major American casual fast-food chain with over 800 locations. The order includes hardware and AI-based software aimed at enhancing customer service and revenue growth through real-time consumption insights. OMNIQ's Q Shield™ technology will also bolster security at these locations. CEO Shai Lustgarten highlighted the potential growth in the retail and fast-food sectors, driven by the demand for dynamic customer data and improved service amidst challenging employment conditions. The company has an extensive backlog of projects totaling over $44 million.
OMNIQ Corp. (NASDAQ: OMQS) will hold a conference call and webcast on August 15, 2022, at 11:00 a.m. ET to discuss its financial results for Q1 ending June 30, 2022. The event will be accessible via a webcast link or by phone. OMNIQ specializes in AI-based solutions for supply chain management, with revenues exceeding $50 million since 2014, and is positioned in billion-dollar markets like Global Safe City and Ticketless Safe Parking.
OMNIQ Corp. (NASDAQ: OMQS) announced a $1 million purchase order from a Fortune 100 company for technical support of new technology in mega logistics centers. This order enhances operational efficiency through improved reporting and support during deployment. This follows a $29 million order for supply chain equipment and an $11 million project awarded by the Government of Israel, contributing to an all-time backlog of projects. OMNIQ continues to leverage AI solutions for various industries, with revenue growth surpassing $50 million since 2014.
OMNIQ Corp. (NASDAQ:OMQS) has received an initial order from a major retailer to deploy up to 5,000 units of its Machine Vision solution across North America. This technology will enhance vehicle identification, customer service efficiency, and product recommendations based on vehicle specifications. The order follows recent significant contracts, including a $29 million project with a Fortune 100 firm, an $11 million government project in Israel, and a $4.1 million supply chain order, resulting in a record backlog.
OMNIQ Corp. (NASDAQ: OMQS) has secured a $4.1 million purchase order from a Fortune 50 company to enhance automation in logistics centers. This project is part of a broader trend, following a recent $29 million project award and an $11 million contract from the Government of Israel, contributing to a record backlog of orders. The technology aims to modernize supply chain operations using AI-driven solutions. CEO Shai Lustgarten emphasized the company's strong customer base and growing interest in their AI-based systems for various applications.
OMNIQ Corp. (NASDAQ: OMQS) reported a successful deployment of its Q Shield system that assisted in locating an elderly man suffering from cognitive memory impairment in Savannah, Georgia. The system helped authorities track the vehicle, leading to a safe return within three hours, highlighting its effectiveness. Over 17,000 OMNIQ AI sensors are installed worldwide, with approximately 7,000 in the U.S. The Q Shield system has also significantly reduced fuel theft incidents, according to law enforcement. CEO Shai Lustgarten expressed optimism about expanding the technology's market reach.
OMNIQ Corp. (NASDAQ: OMQS) announced the deployment of its Q Shield vehicle recognition technology in East Dublin, enhancing public safety through real-time monitoring of vehicles with outstanding violations.
Q Shield integrates AI vehicle recognition with a citation management platform, allowing for efficient law enforcement support. The system is already operational in several cities, leveraging a revenue-sharing model to make it accessible. The company's technology has over 17,000 sensors deployed worldwide, with a growing demand for Q Shield solutions measured by expanding contracts with municipalities.
OMNIQ Corp. (NASDAQ: OMQS) has secured a significant $29 million purchase order from a Fortune 100 company, which will modernize their IoT technology from Windows to an Android platform for improved store management. This follows an $11 million project for the Government of Israel, bringing the total to $40 million in new projects recently. The project is expected to take 12 to 18 months to deploy, enhancing inventory management and integrating contactless operations within the client’s stores.
