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Omniq Corp - OMQS STOCK NEWS

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.

Company Overview

OMNIQ Corp (symbol: OMQS) is a global technology enterprise specializing in advanced AI-based solutions, machine vision image processing, and integrated IoT systems. With a focus on delivering computerized surveillance, real-time tracking, and secure data management, the company serves a diverse spectrum of industries including supply chain management, public safety, traffic monitoring, and smart city applications. Utilizing patented and proprietary technologies, OMNIQ is dedicated to providing systems that ensure the precise movement of people, objects, and critical data with the objective of enhancing operational efficiency and security.

Core Business Areas and Solutions

OMNIQ has built its reputation on the delivery of robust systems designed to address the ever-evolving needs of modern enterprises. Its portfolio includes machine vision solutions that offer real-time object identification and tracking essential for logistics operations, as well as AI-powered surveillance systems that monitor environments ranging from busy airports to intricate supply chain networks. Additionally, the company’s integrated SaaS offerings and managed services streamline operational processes by syncing with industry-standard software and enterprise resource planning tools such as SAP, Oracle, and Microsoft.

Technology and Product Integration

The company’s technology framework is anchored in advanced image processing and AI algorithms, enabling customers to realize significant improvements in operational accuracy and efficiency. Its offerings include:

  • AI-Driven Image Processing: Leveraging patented AI technology, OMNIQ delivers systems that consistently monitor and classify objects, thereby enhancing data accuracy and operational oversight.

  • IoT-Enabled Devices: The integration of rugged Android-based devices and portable hardware ensures that their solutions are versatile and suited for a range of demanding environments.

  • Software-as-a-Service (SaaS) Solutions: The company’s SaaS products generate recurring revenue by providing continuous updates and seamless integration with clients’ existing systems, creating dynamic and scalable support structures.

Market Position and Strategic Partnerships

OMNIQ is recognized for its industry expertise, having established long-term relationships with government agencies and Fortune 500 companies across sectors such as manufacturing, retail, distribution, healthcare, transportation, and logistics. Its strategic collaborations with partners in the fintech sector and payment processing have further diversified its product offerings. By integrating innovative fintech solutions with its core AI technologies, OMNIQ enhances user experiences and drives efficiency in financial transactions, reflecting its commitment to leveraging strategic alliances for comprehensive system enhancements.

Industry Applications and Customer Benefits

The extensive range of applications for OMNIQ’s solutions accentuates its ability to meet diverse customer demands. In supply chain management, its systems are designed to reduce inventory overhead and streamline logistics operations. In public safety and smart city sectors, its technology supports advanced surveillance and traffic management protocols that are critical to maintaining secure, high-functioning urban environments.

Key benefits provided to customers include:

  • Operational Efficiency: Advanced, real-time monitoring enables rapid response to operational disruptions, ensuring minimal downtime and optimal performance.

  • Enhanced Security: Intelligent data processing and AI-based image verification improve the accuracy of surveillance and access control, particularly in sensitive environments like airports and medical centers.

  • Scalable Integration: Flexible configuration options allow clients to customize solutions to align with existing enterprise systems, ensuring seamless operational integration.

Competitive Differentiators and Expertise

OMNIQ distinguishes itself through its commitment to continuous technological advancement and cost-efficient operational models. The company has strategically reinvested in technology to upgrade its AI engine, enabling new use cases and refined performance standards that meet evolving industry demands. Its diversified revenue streams, particularly through SaaS and high-margin service offerings, exemplify its adaptive business model and dedication to maintaining superior product functionality while reducing overall operational expenditures.

The extensive industry knowledge embedded in its solutions underscores OMNIQ’s authoritative stance. It has been recognized for its scalable deployment of AI in complex environments, thereby driving long-term value for its clients without overstating future projections or providing speculative financial advice. This balanced approach positions OMNIQ as an unbiased source of comprehensive technology solutions that prioritize operational integrity over promotional messaging.

Operational Model and Business Impact

OMNIQ focuses on generating sustainable revenue through its integrated hardware-software ecosystems. Its business model emphasizes reducing operational expenses via intelligent automation, cost reduction plans, and strategic investments in research and development. The company’s emphasis on recurring revenue through subscription services highlights its resilience in a competitive market landscape, ensuring that technological enhancements are both scalable and aligned with current market demand.

Conclusion

In summary, OMNIQ Corp stands as a well-rounded provider of AI-based, machine vision, and IoT solutions, expertly serving critical industries by optimizing operational workflows and enhancing security protocols. Its detailed, technology-driven approach is a testament to its commitment to innovation and efficiency. Investors and market analysts seeking a deep dive into a multifaceted technology provider will find a comprehensive, unbiased overview in OMNIQ’s robust business operations, diverse applications, and ongoing strategic integrations.

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OMNIQ (OMQS) partners with SPAR International to deploy advanced self-checkout and ESL systems, enhancing retail operations and customer experience. SPAR, a global supermarket chain with 13,900 stores in 49 countries, aims to improve fintech capabilities through this collaboration.
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OMNIQ Corp. receives a significant purchase order to upgrade IoT devices in 450 stores of a major US-based sporting goods retail chain. The project includes a three-year service agreement and features Office 365 and a chat application for real-time communication, enhancing operational efficiency and customer experience.
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OMNIQ Corp. (NASDAQ: OMQS) announces a partnership with a renowned American hamburger chain to equip its Israeli branches with full OMNIQ equipment, including a Kitchen Display System and self-order kiosks. The collaboration aims to enhance kitchen operations, improve customer satisfaction, and streamline the ordering process. Plans include expanding to four more branches in Israel by the end of the year.
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OMNIQ Corp. receives an initial order for thirty Kiosks at Ben Gurion Airport, enabling Fintech payment solutions and quick taxi reservations. The collaboration with GETT aims to revolutionize the travel experience, ensuring convenience, safety, and fairness for passengers.
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OMNIQ Corp. (OMQS) secures a purchase order from Burger Ranch, Israel's largest Hamburger Chain, for Self Ordering Kiosks, Self-Check-Out Kiosks, and a new feature supporting cash transactions. The partnership aims to enhance customer service and operational efficiency, with 150 kiosks already deployed across 64 restaurants. The technology is expected to boost revenue, streamline processes, and improve customer experience.
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OMNIQ Corp. (OMQS) announced the acquisition of CodeBlocks Ltd, a leading Fintech software company, for approximately US $1,275,044. The acquisition is expected to enhance omniQ’s presence in self-service kiosks, credit card payment systems, and point-of-sale technologies. The deal is structured with seven equal installments, closing on February 1, 2024. The acquisition is seen as a significant growth engine and profit generator for omniQ, with immediate cost savings and the potential to capture a bigger market share.
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OMNIQ Corp. (OMQS) announced receiving $5.0M in Purchase Orders for Hardware, software, IT licenses, and services from a major Food and Drugs chain in the US. The project aims to modernize and upgrade the customer’s equipment based on handheld devices, used in managing the customer’s total supply chain level operations within its warehouses, distribution centers, and up to the point of delivery to their customer. The software solution provides data analytics which allows for customizable reports and ultimately drives further efficiencies. CEO Shai Lustgarten expressed pride in the order, highlighting the company's dedication to meeting the evolving demands of its customers.
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OMNIQ Corp. (OMQS) announces a collaborative agreement with DESIGNA to upgrade the Port Authority of New York and New Jersey (PANYNJ) four major airports' parking systems with its AI-based Machine Vision solution. This includes the implementation of omniQ’s proprietary latest AI neural network-based engine, enhancing accuracy and transaction speed. The project aims to improve traffic flow, revenue stream, and travelers’ convenience.
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OMNIQ Corp. (OMQS) announces Q3 2023 revenue of $17.5M, a 35% decrease vs Q3 2022 due to a temporary delay in large orders. Gross profit was $4M. The company's AI Machine Vision 9-month 2023 revenue increased by 35% vs 9-month 2022. OMNIQ also took measures to decrease sales and G&A expenses, aiming for profitability and positive cash flow. The company reported a net loss of $4.3 million for Q3 2023.
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OMNIQ Corp. (OMQS) to Release Third Quarter 2023 Earnings on November 13th, 2023, Followed by Live Earnings Call. Webcast link and call-in details provided.
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FAQ

What is the current stock price of Omniq (OMQS)?

The current stock price of Omniq (OMQS) is $0.0675 as of April 16, 2025.

What is the market cap of Omniq (OMQS)?

The market cap of Omniq (OMQS) is approximately 2.0M.

What is the core business of OMNIQ Corp?

OMNIQ Corp specializes in AI-powered machine vision and image processing solutions, along with integrated IoT and SaaS offerings that support supply chain management, public safety, and smart city applications.

How does OMNIQ generate revenue?

OMNIQ generates revenue through a blend of hardware sales, subscription-based SaaS offerings, and managed services, providing scalable and recurring revenue streams without dependence on one-time purchases.

Which industries benefit from OMNIQ's solutions?

The company serves a wide range of industries including manufacturing, retail, distribution, transportation, healthcare, public safety, and smart city applications, among others.

What are the key technological features of OMNIQ's products?

OMNIQ's products feature advanced AI algorithms for real-time object detection, comprehensive machine vision, integrated IoT devices, and software solutions that can be customized to integrate with existing enterprise systems.

How does OMNIQ ensure operational efficiency and security?

The company’s solutions provide real-time surveillance and data processing, enabling precise tracking and control. This ensures that operations run efficiently while enhancing security protocols in critical environments.

What role does AI play in OMNIQ's offerings?

AI is integral to OMNIQ’s offerings, driving real-time image processing, pattern recognition, and decision-making within its surveillance and operational systems, which directly boosts performance and accuracy.

How do OMNIQ's integrated solutions benefit supply chain management?

OMNIQ’s AI-driven solutions streamline operations by improving inventory management, reducing labor, and providing real-time data analytics that enhance decision-making for supply chain optimization.

What differentiates OMNIQ from its competitors?

OMNIQ stands out due to its robust integration of AI and IoT technologies, its focus on generating sustainable recurring revenue through SaaS and managed services, and its deep expertise in addressing the specific needs of diverse sectors.
Omniq Corp

Nasdaq:OMQS

OMQS Rankings

OMQS Stock Data

1.98M
8.82M
17.67%
4.56%
Software - Application
Services-computer Integrated Systems Design
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United States
SALT LAKE CITY