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 significant financial growth for the three and nine months ending September 30, 2022. The company achieved a record revenue of $77.5 million, marking a 45% increase year-over-year, with a gross profit of $18.1 million, up 71%. Third-quarter revenue surged 32% to $27 million, accompanied by a 28% rise in gross profit. Despite operational challenges, adjusted EBITDA losses narrowed. OMNIQ secured contracts with major clients, including a $10 million agreement with Israel's Ministry of Health, indicating strong demand across sectors.
OMNIQ Corp. reported robust financial results for the nine months ending September 30, 2022, showcasing a 45% revenue growth to $77.5 million. The gross profit surged 71% to over $18 million, with a gross margin increase to 23%. Adjusted EBITDA improved by $2 million year-over-year. Q3 revenue reached $27 million with a 32% organic growth. Key recent developments include significant purchase agreements, including a $10 million deal with Israel’s Ministry of Health and major orders in the AI-driven supply chain sector.
OMNIQ Corp. (NASDAQ: OMQS) will release its Third Quarter 2022 Earnings on November 14, 2022, after market close, followed by a live earnings call on November 15 at 11:00 AM EST. The company specializes in Supply Chain and AI-based solutions, offering services in sectors like public safety and traffic management. OMNIQ has seen annual revenues exceed $50 million and targets growing markets like Global Safe City and Ticketless Safe Parking, projected to reach $29 billion and $5.2 billion respectively by 2022 and 2023.
OMNIQ Corp. (NASDAQ:OMQS) announced a new purchase order from a major American fast food chain with over 800 locations, following previous orders in August 2022. This order includes hardware and AI-based software aimed at enhancing customer service and driving revenue. CEO Shai Lustgarten highlighted the significant growth potential in the Quick Service Restaurants market, viewing this integration as a transformative step for their business. The company has also reported a backlog of $44.1 million in orders from other projects, indicating strong demand for its AI technology.
OMNIQ Corp. (NASDAQ: OMQS) announced its designation as a Total Solution Partner for a major leader in Enterprise Asset Intelligence, enhancing its portfolio in manufacturing and distribution solutions. This partnership aims to leverage OMNIQ's AI-driven software and robotics management tools for improved warehouse automation. CEO Shai Lustgarten highlighted the significance of this collaboration for future growth. OMNIQ's innovative solutions target key markets, with annual revenues exceeding $79 million since 2014, reflecting strong demand in sectors like manufacturing and logistics.
omniQ Corp. (NASDAQ: OMQS) has been invited to present at the Microcap Rodeo Windy City Roundup 2022 conference on October 13th at 10am CT. CEO Shai Lustgarten will lead the presentation, which will be available for live streaming. One-on-one meetings with management are also scheduled throughout the conference. omniQ specializes in AI-based technology solutions for various sectors, addressing billion-dollar markets, including Safe City and Ticketless Safe Parking. For more details, visit www.omniq.com.
omniQ Corp. (NASDAQ: OMQS) has secured a five-year supply agreement to deliver Intelligent Healthcare Carts (IHC) to over 20 prestigious medical centers in Israel. This follows a previous award of $11 million from the Ministry of Finance. The IHCs, developed by omniQ's subsidiary, Dangot Computers, enhance healthcare service efficiency by integrating sensors, automated patient identification, and diagnostic tools. CEO Shai Lustgarten expressed confidence in expanding into the US market, leveraging their technology to serve over 9 million patients in Israel.
OMNIQ Corp. (NASDAQ: OMQS) has successfully expanded its AI-driven solutions, announcing the deployment of its technology at Duluth International Airport, marking its 50th airport installation. This technology enhances customer experience and security while improving revenue management. OMNIQ's machine vision system aids in vehicle recognition, facilitating touchless entry and providing accurate revenue calculations. In addition to airports, OMNIQ is penetrating retail markets like drive-through restaurants and gas stations, leveraging its AI capabilities across various sectors.
OMNIQ Corp. (NASDAQ: OMQS) announced that its subsidiary, Dangot Computers Ltd, contributed to Israel's first emergency medical hospital, implementing advanced self-service registration systems. This technology integrates barcode readers to enhance patient management, significantly reducing wait times and operational errors. CEO Shai Lustgarten emphasized the importance of this solution in improving patient experience. OMNIQ continues to expand within the Israeli healthcare market, providing numerous appointment stations.
OMNIQ Corp. (NASDAQ: OMQS), a provider of AI-based supply chain solutions, announced its participation in the H.C. Wainwright 24th Annual Global Investment Conference from September 12-14, 2022. CEO Shai Lustgarten will present virtually on September 12 at 2:30 p.m. ET. OMNIQ offers advanced machine vision solutions for various sectors, including government and Fortune 500 companies, with revenues exceeding $79 million. The company targets significant growth in billion-dollar markets such as Global Safe City and Ticketless Safe Parking.
