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.
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OMNIQ Corp. (NASDAQ: OMQS) reported its financial results for Q4 and FY 2021, showcasing a robust revenue growth of 93% YoY in Q4, reaching $24.9 million, and a 42% increase in annual revenue to $78.3 million. The company achieved a significant milestone with a near $100 million annual revenue run rate, aided by the acquisition of 77% of Dangot Computers Ltd., resulting in new projects and increased gross profit margins. Despite a quarterly net loss of $2.2 million, cash reserves grew by 39% to approximately $7.1 million. OMNIQ anticipates continued growth through its AI and automation offerings.
OMNIQ Corp. (NASDAQ: OMQS) will host a conference call and webcast on April 1, 2022, at 11:00 AM Eastern Time to discuss its financial results for Q4 and the full year ended December 31, 2021. Participants can dial in 5-10 minutes prior to the call. The toll-free number is 888-506-0062 for U.S. callers and 973-528-0011 for international participants. A replay will be available post-event. OMNIQ provides AI-driven solutions for supply chain management and serves various sectors, with annual revenues exceeding $50 million.
OMNIQ Corp. (NASDAQ: OMQS) announced a purchase order for its Smart Digital Pricing System (SDPS) to equip 42 branches of a supermarket chain in Israel, received through its subsidiary, Dangot Computers Ltd. This system allows simultaneous price updates across branches, reducing labor costs and minimizing human errors. OMNIQ aims to expand this solution to major U.S. supermarket chains, tapping into the $1 trillion North American grocery market. The company continues to focus on AI and sophisticated solutions to enhance efficiency in retail operations.
OMNIQ Corp. (NASDAQ: OMQS) has secured a three-year $3.5 million service project from a leading global logistics company, reflecting confidence in OMNIQ’s advanced supply chain solutions. The contract focuses on technical support for mobile computerized equipment supplied previously. With a backlog of orders at the start of 2022, OMNIQ's annual revenues have exceeded $50 million, driven by clients across various sectors. The company is positioned in lucrative markets like the Global Safe City market, projected to reach $29 billion in 2022.
OMNIQ Corp. (NASDAQ: OMQS) has announced the rollout of 1,000 Smart Buy and Go (SBG) units for a major Israeli supermarket chain, aiming to enhance the shopping experience by eliminating checkout lines. The initiative aligns with OMNIQ's strategy of leveraging automation and AI solutions to create efficiencies. The SBG solution, offered at a competitive price compared to other smart carts, promises quicker returns for retailers. OMNIQ plans to introduce SBG to Fortune 500 customers in the U.S., tapping into the $1 trillion North American grocery market.
OMNIQ Corp. (NASDAQ: OMQS) has secured a $1 million follow-on order from a leading U.S.-based less-than-truckload (LTL) trucking company, which has been a customer for over 20 years. This order supports an ongoing mobility platform upgrade, enhancing logistics efficiencies with advanced devices for real-time shipping and inventory management. OMNIQ's revenue has risen to over $50 million since 2014, and the company is poised for future growth in markets projected to reach billions.
OMNIQ Corp. (NASDAQ: OMQS) has successfully deployed its Q Shield™ vehicle recognition systems in Adrian, Georgia, enhancing public safety through AI technology. This system helps local law enforcement identify vehicles with expired registrations or no insurance. The technology leverages over 17,000 installed sensors globally to provide timely alerts for vehicles on wanted lists. The company's business model focuses on a recurring revenue share with city authorities, contributing to improved public safety and law enforcement effectiveness.
OMNIQ Corp. (NASDAQ: OMQS) has been invited to present at the Take Aim: Lake Street's Shooting Sports & Public Safety Investor Conference, scheduled for January 26-27, 2022. The company will engage in one-on-one and group calls with investors on January 27. OMNIQ specializes in AI-based machine vision solutions for supply chain management and public safety, serving government agencies and Fortune 500 companies. With annual revenues exceeding $50 million and opportunities in growing markets such as Safe Cities and Ticketless Parking, OMNIQ continues to innovate amidst increasing demand.
OMNIQ Corp. (NASDAQ: OMQS) has received an order to supply 500 AI-integrated kiosks from its Israeli subsidiary, Dangot Computers Ltd. This project is from a major US automated solutions provider operating in over 250 cities and generating over $1 billion in revenue.
The rollout will see the first 100 kiosks shipped by December 2021, with the remaining units distributed over 18 months. CEO Shai Lustgarten highlighted the rapid market penetration and demand for these advanced kiosks as key indicators of product success.
OMNIQ Corp. (NASDAQ: OMQS) announced the completion of its acquisition of an additional 26% stake in Dangot Computers Ltd., increasing its ownership to 77%. The acquisition, paid with $4,035,000 from working capital and a bank loan, aims to enhance OMNIQ's AI and supply chain solutions. Dangot, a profitable automation leader in Israel, offers products across various sectors. OMNIQ expects to leverage Dangot's innovations to strengthen its US sales and integrate AI products into joint supply chain operations, positioning the company for growth in the expanding global markets.
