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) reported record revenue of $102.5 million for FY 2022, marking a 31% year-over-year increase, along with a Q4 revenue of $25 million. The gross profit rose to $22.1 million, a 33% increase from FY 2021. The company achieved positive cash flow from operations of $1.2 million, reversing a $3.2 million deficit in the previous year. Significant contracts include a $29 million project for a Fortune 100 company and a $4 million project from a multinational logistics firm. Despite these gains, OMNIQ reported a net loss of $13.6 million for the year.
OMNIQ Corp. (NASDAQ: OMQS) has announced a follow-up order for its AI-based machine vision solutions to be deployed at additional border locations in the Middle East, furthering its presence in critical security environments. The company has successfully established its technology in various international regions, including military zones in the Middle East and South America. With the addition of these new sites, OMNIQ's technology is now operational at prominent borders such as San Diego-Mexico and Texas-Mexico, as well as cities and airports across the U.S., bringing the total number of U.S. airports to 57 and cities to 17. This growth exemplifies the increasing acceptance and trust in OMNIQ's AI solutions.
OMNIQ Corp. (NASDAQ: OMQS) will announce its Fourth Quarter 2022 and Full Year 2022 Earnings on March 30, 2023, after market close. A live earnings call is scheduled for March 31, 2023, at 11:00 AM EST. Interested participants can access the webcast through the company's website or via phone by calling 888-506-0062. A replay of the call will be available until April 30, 2023.
OMNIQ specializes in AI-based solutions for various sectors, including homeland security and supply chain management, addressing markets poised for substantial growth.
OMNIQ Corp. (NASDAQ: OMQS) has successfully deployed its patented AI-based Machine Vision solution at a total of 57 airports across the United States, including major locations like Miami, Atlanta, and LAX. This latest implementation involves four additional airports, enhancing security and parking management capabilities. Key features include high-speed vehicle recognition, crucial for public safety and revenue management. CEO Shai Lustgarten highlighted the significance of a deployment at a major Texas airport, which manages over 30 million passengers annually. The technology addresses substantial markets in public safety and parking management, poised for significant growth.
OMNIQ Corp. (NASDAQ: OMQS) has been selected by McRae Helena, Georgia, to implement its Q Shield vehicle recognition system (VRS) technology. This system identifies vehicles against national and local databases, issuing citations for violations. CEO Shai Lustgarten noted the success of their AI-based Safe City system, contributing to safety results and revenue generation. With this deployment, OMNIQ expands its presence to 17 contracted cities, seven in Georgia. The company operates in several major markets, including safety and parking management, with over 17,000 sensors installed globally, showcasing its technology's appeal and advanced capabilities.
omniQ Corp. (NASDAQ:OMQS) has announced its participation in the Third Annual Winter Wonderland – Best Ideas Virtual Investor conference, scheduled for February 21-24, 2023. CEO Shai Lustgarten is set to present on February 21 at 11 am ET, with opportunities for one-on-one meetings available throughout the event. The conference features 37 companies recommended by qualified institutional investors as the best ideas. omniQ specializes in AI-based technology solutions for image processing and serves various sectors, including government and Fortune 500 companies. The company reported over $50 million in annual revenues and is targeting billion-dollar markets.
omniQ Corp. (NASDAQ: OMQS) announced that its subsidiary, Dangot Computers Ltd, secured a $3 million multi-year contract with Clalit, Israel’s largest HMO. The contract involves supplying and maintaining Self Service Patient Management Kiosks across 14 hospitals and over 2,000 clinics, serving more than 50% of Israel's population. This win highlights omniQ's growth in healthcare automation, enhancing patient care and operational efficiency. CEO Shai Lustgarten emphasized the significance of this order in improving healthcare services and reducing human errors.
OMNIQ Corp. (NASDAQ: OMQS) has been selected by the Cities of Mitchellville and Jewell, Iowa, to implement its Q Shield Safe City System. This AI-based vehicle recognition technology identifies vehicles with outstanding traffic violations and alerts law enforcement. With these additions, OMNIQ now has 16 cities under contract nationwide. The deployment aims to enhance community safety while generating recurring revenue for the company. OMNIQ's advanced machine vision system, used globally with over 17,000 sensors, leverages patented algorithms for superior accuracy.
omniQ Corp. (NASDAQ: OMQS) has appointed Professor Mina Teicher to its Board of Directors, enhancing its leadership with her extensive background in mathematics and AI technology. Teicher, known for her role at Bar-Ilan University and the Emmy Noether Research Institute, brings nearly 50 years of experience, particularly in computer vision and cybersecurity. CEO Shai Lustgarten highlighted her potential contributions to omniQ’s growth plans. Teicher replaces General (Ret) Itzhak Almog, who did not seek reelection for personal reasons.
OMNIQ Corp. (NASDAQ: OMQS) has been selected to deploy its Q Shield vehicle recognition systems in Brooklet, Georgia, and Ellsworth, Iowa. This AI-based technology identifies vehicles with outstanding traffic violations and alerts authorities. The Q Shield system is already installed in over 17,000 locations globally, demonstrating its effectiveness. CEO Shai Lustgarten highlighted the rapid adoption of the system, with 14 cities now utilizing Q Shield to enhance public safety. OMNIQ addresses $29 billion and $5.2 billion markets related to safe cities and ticketless parking, respectively.
