OMNIQ CORP - OMQS STOCK NEWS

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.

OMNIQ Corp. (NASDAQ: OMQS) has acquired an additional 26% stake in Dangot Computers Ltd., raising its ownership to 77%. The transaction, worth approximately $4.1 million, is expected to close on November 24, 2021. This acquisition enhances OMNIQ's position in automation and digital payment solutions across various sectors, including healthcare and retail, with expected revenues of approximately $91 million for pro forma 2020. OMNIQ anticipates integration into the U.S. market to yield swift positive results, particularly leveraging Dangot's established reputation and innovative technologies.

OMNIQ Corp. (NASDAQ: OMQS) reported strong financial results for Q3 2021, achieving a 30% year-over-year increase in sales to $20.5 million and a 56% sequential increase from Q2. Gross profit rose 68% with margins expanding to 23%. Cash increased 118% to $10 million. The company completed a private placement and acquired a 51% stake in Dangot Computers, facilitating significant new orders. However, net loss widened to $5 million compared to last year, and operating expenses rose substantially due to acquisition-related costs.

OMNIQ Corp (NASDAQ: OMQS) has secured a $4 million purchase agreement from a Midwest-based 3PL client for rugged Android data collection equipment. This follows earlier orders totaling $7 million from the same customer and another $2 million from Israel's largest HMO. The company will also provide technical support and device management software. With annual revenue exceeding $400 million, the client has over 3,000 employees. OMNIQ's recent contract reinforces its strategy of repeat business and its reputation as a provider of advanced technology solutions.

omniQ Corp. (NASDAQ: OMQS) has secured a contract with Israel's largest HMO, which serves over 4.7 million citizens, to provide Intelligent Healthcare Carts for its 14 hospitals and 2,000 clinics. This three-year service agreement is expected to benefit the company significantly, particularly as the customer represents a $10 billion market. The Intelligent Healthcare Carts feature advanced patient identification systems and diagnostic equipment, aiming to improve healthcare efficiency and reduce errors. The company's acquisition of Dangot Computers Ltd supports its growth in innovative healthcare technology.