OMNIQ Corp

OMNIQ Corp. provides computerized and machine vision image processing solutions. It uses patented and proprietary AI technology to deliver data collection, real-time surveillance and monitoring for supply chain management, homeland security, public safety, traffic & parking management and access control applications. The company's services and technology helps clients to move people, assets and data through airports, warehouses, schools, national borders, and many other applications and environments. It serves government agencies and companies from several sectors, including manufacturing, retail, distribution, food and beverage, transportation and logistics, healthcare, and oil, gas, and chemicals. The company was founded in 1973 and is headquartered in Salt Lake City, UT.

Earnings data Q3 2021

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OMNIQ Corp reports robust Q1 earnings and accelerates AI innovations

OMNIQ Corp's Q1 2024 earnings call highlighted strong financial performance, strategic investments in AI and Fintech sectors, and a focus on profitability and operational efficiency.
The company's progress in reducing operating losses, increasing gross profit, and advancing AI products underscore its commitment to growth and innovation.
With a solid foundation in place, OMNIQ is poised to navigate challenges, capitalize on opportunities, and drive continued success in the evolving tech landscape.

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OMNIQ Corp. engages in the provision of computerized and machine vision image processing solutions. It uses patented and proprietary AI technology to deliver data collection, real-time surveillance and monitoring for supply chain management, homeland security, public safety, traffic & parking management and access control applications. The company's services and technology help clients to move people, assets and data through airports, warehouses, schools, national borders, and many other applications and environments. It serves government agencies and companies from several sectors, including manufacturing, retail, distribution, food and beverage, transportation and logistics, healthcare, and oil, gas, and chemicals. The company was founded in 1973 and is headquartered in Salt Lake City, UT.

SALT LAKE CITY, June 08, 2022 (GLOBE NEWSWIRE) -- OMNIQ Corp (NASDAQ: OMQS) (“OMNIQ” or “the Company”), a provider of Supply Chain and Artificial Intelligence (AI)-based solutions, announced today that Dangot Computers Ltd, its fully owned subsidiary received an approximately $11 Million dollar Supply Agreement from the Government of Israel.

omniQ Awarded an Approximately $11 Million Supply Agreement from the Government of Israel

OMNIQ Corp. (NASDAQ:OMQS ) Q1 2022 Earnings Conference Call May 17, 2022 11:00 AM ET Company Participants Shai Lustgarten - Chairman and Chief Executive Officer Neev Nissenson - Chief Financial Officer Conference Call Participants Jaeson Schmidt - Lake Street Capital Markets, LLC Howard Halpern - Taglich Brothers, Inc. Matthew Williams - Friess Associates Operator Good morning, and thank you for joining us for the OMNIQ Corporate Update Call for the First Quarter ending March 31, 2022. Joining us today we have Shai Lustgarten, CEO of OMNIQ, who will provide an operational overview; and Neev Nissenson, Chief Financial Officer, who will discuss financial results.

OMNIQ Corp. (OMQS) CEO Shai Lustgarten on Q1 2022 Results - Earnings Call Transcript

SALT LAKE CITY, May 16, 2022 (GLOBE NEWSWIRE) -- OMNIQ Corp.  (NASDAQ: OMQS) (“OMNIQ” or “the Company”), a provider of Supply Chain and Artificial Intelligence (AI)-based solutions, today announced its financial results for the three months ended March 31, 2021.

OMNIQ Reports all Times Record $26.3 Million Revenue and $6.1 Million Gross Profit for First Quarter 2022

SALT LAKE CITY, May 16, 2022 (GLOBE NEWSWIRE) -- OMNIQ Corp (NASDAQ: OMQS) (“OMNIQ” or “the Company”), a provider of Supply Chain and Artificial Intelligence (AI)-based solutions, announced today that it received an approx. $4 Million dollar project from a major T&L Company, first delivery for $1.2 M is expected to be supplied immediately and the balance of $2.8M during Q2 and Q3 of 2022.

OMNIQ Announces the Award of Approximately $4 Million Project from a Multinational Transport and Logistics Company.

SALT LAKE CITY, May 12, 2022 (GLOBE NEWSWIRE) -- OMNIQ Corp (NASDAQ:OMQS), a provider of Supply Chain and Artificial Intelligence (AI)-based Machine Vision Solutions has been invited to present at the Spring Into Action – Best Ideas Virtual Investor conference, which is being held virtually on May 17th – 20th, 2022. Shai Lustgarten, Chief Executive Officer will present at the conference.

OMNIQ Corp to Present at Spring Into Action – Best Ideas Virtual Investor Conference on May 17th – 20th, 2022.

SALT LAKE CITY, May 12, 2022 (GLOBE NEWSWIRE) -- OMNIQ Corp. (NASDAQ: OMQS) a provider of Supply Chain and Artificial Intelligence (AI)-based solutions, will host a conference call and webcast on Tuesday, May 17th, 2022 at 11:00 a.m. Eastern Time to discuss financial results for the first quarter ended March 31, 2022.

OMNIQ TO HOST FIRST QUARTER EARNINGS CALL ON TUESDAY, MAY 17TH, 2022 AT 11:00 AM ET

SALT LAKE CITY, April 22, 2022 (GLOBE NEWSWIRE) -- OMNIQ CORP. (NASDAQ:OMQS) assisted and provided AI Technology for Parkway Corp in revolutionizing the Philadelphia airport rideshare experience. As a result of severe congestion caused by a construction project on its roadway system, Philadelphia International Airport (PHL) decided to rethink how its TNC vehicles access roadways. Drivers entering the new road are matched with ride share passengers in a seamless, near-zero-wait manner by technology that checks license plates against real-time data.

OMNIQ AI IS INCLUDED IN UBERS COVETED INAUGURAL “INNOVATOR AWARD” FOR REVOLUTIONIZING THE RIDE SHARE EXPERIENCE UTILIZING ITS VEHICLE RECOGNITION SYSTEM (VRS) DEPLOYED IN PHILADELPHIA AIRPORT FOR TRANSPORTATION NETWORK COMPANIES (TNC).

SALT LAKE CITY, April 19, 2022 (GLOBE NEWSWIRE) -- OMNIQ CORP . ( NASDAQ:OMQS ) announced today it was awarded a follow on contract to from a global leading high-end defense solutions, enterprise to deploy OMNIQ's AI based Machine Vision solution in a district of Uruguay, to provide a Safe District project. The project spans across six municipal authorities, including a well-known tourist resort. The successful project started approximately four years ago and now local authorities decided to extend the project and order additional systems from omniQ and upgrade with additional new features offered by omniQ.

Omniq Announces A Purchase Order To Deploy Its AI-Based Machine Vision Vehicle Recognition Solution (VRS) In A Large-Scale Safe District In South America.

“ .. I t's a major force multiplier. If you're looking into it, you can't afford not to .”

Adrian Chief calls omniQ's revolutionary AI-based Solution a “Force multiplier” in recent interview:

SALT LAKE CITY, April 12, 2022 (GLOBE NEWSWIRE) -- OMNIQ Corp.  (NASDAQ: OMQS) (“OMNIQ” or “the Company”), a provider of Supply Chain and Artificial Intelligence (AI)-based solutions, today announced its new banking agreement which includes the closing of a new lending facility with Bridge Bank.

OMNIQ and Bridge Bank enter into a banking relationship. A milestone in creating a stronger balance sheet.

• OMNIQ acquired 51% on July 1st, 2021.

OMNIQ Announces the Closing of the Acquisition of Additional 23% of Dangot Computers Increasing its Ownership to 100%

OMNIQ Corp. (OMQS) CEO Shai Lustgarten on Q4 2021 Results - Earnings Call Transcript

SALT LAKE CITY, March 31, 2022 (GLOBE NEWSWIRE) -- OMNIQ Corp.  (NASDAQ: OMQS) (“OMNIQ” or “the Company”), a provider of Supply Chain and Artificial Intelligence (AI)-based solutions, today announced its financial results for the three months and full year ended December 31, 2021.

OMNIQ Announces 93% increase YOY in Q4 Revenue to $24.9 Million, Full Year 2021 Revenue increased 42% to a Record $78.3 Million

SALT LAKE CITY, March 28, 2022 (GLOBE NEWSWIRE) -- OMNIQ Corp. (NASDAQ: OMQS) (“OMNIQ” or “the Company”), a provider of Supply Chain and Artificial Intelligence (AI)-based solutions, today announced that it will host a conference call and webcast on April 1, 2022 at 11:00am Eastern Time to discuss financial results for the fourth quarter and full year ended December 31, 2021.

omniQ to Host Fourth Quarter and Full Year 2021 Conference Call

SALT LAKE CITY, March 22, 2022 (GLOBE NEWSWIRE) -- OMNIQ Corp. (NASDAQ: OMQS) ("OMNIQ" or the "Company"), a provider of Supply Chain and Artificial Intelligence (AI)-based Machine Vision solutions, announced the receipt of a purchase order to equip a sophisticated Digital Pricing System in 42 branches of a Dynamic Supermarket Chain in Israel. The order was received by Dangot Computers Ltd, an Israeli based subsidiary of OMNIQ providing automation and sophisticated solutions to the retail, healthcare, restaurants and other verticals.

OMNIQ Announces Purchase Order to Supply Smart Digital Pricing System to 42 Branches of a Dynamic Supermarket Chain in Israel

SALT LAKE CITY, March 16, 2022 (GLOBE NEWSWIRE) -- OMNIQ Corp. (NASDAQ: OMQS) (“OMNIQ” or “the Company”), a provider of Supply Chain and Artificial Intelligence (AI)-based solutions, announced that it has awarded an approximately three year $3.5M service project from  a worldwide Transport and Logistics multinational leader.

OMNIQ Corp. Awarded Approximately $3.5 Million Service Project From a World Wide Leader in the Transport and Logistics Sector For Mobile Data Collection and Communication Devices

Follow-on order from a $1B plus regional LTL trucking company with over 80 logistic centers in North America Follow-on order from a $1B plus regional LTL trucking company with over 80 logistic centers in North America

omniQ Announces $1.0 Million Purchase Order

SALT LAKE CITY, Jan. 28, 2022 (GLOBE NEWSWIRE) --  OMNIQ Corp. (NASDAQ: OMQS) (“OMNIQ” or “the Company”), a provider of Supply Chain and Artificial Intelligence (AI)-based solutions, today announced that after the successful deployment of Q Shield™ vehicle recognition systems (VRS) technology in the City of Adrian, Georgia and its cloud based citation management platform to identify any vehicle driving through the city, which is on a National Crime Information Center (NCIC) data base or the Georgia Bureau of Investigations Database (GBI Database) and issues citations to scofflaws driving through the city with an expired registration or no insurance, it is now set to deploy Q Shield in another Georgia city.

omniQ's AI-Based Vehicle Recognition Technology to Be Installed in an Additional City in Georgia Following Recent Success in Adrian, Georgia

SALT LAKE CITY, Jan. 13, 2022 (GLOBE NEWSWIRE) -- OMNIQ Corp. (NASDAQ: OMQS) ("OMNIQ" or the "Company"), a provider of Supply Chain and Artificial Intelligence (AI)-based Machine Vision solutions, has been invited to present at Take Aim: Lake Street's Shooting Sports & Public Safety Investor Conference, which is being held virtually on January 26-27, 2022.

OMNIQ to Present at Lake Street Capital Markets' Virtual Investor Conference on January 27, 2022

SALT LAKE CITY, Dec. 03, 2021 (GLOBE NEWSWIRE) -- OMNIQ Corp. (NASDAQ: OMQS) ("OMNIQ" or the "Company"), a provider of Supply Chain and Artificial Intelligence (AI)-based Machine Vision solutions, announced that it received a purchase order for the advanced Kiosks developed by its Israeli subsidiary Dangot Computers Ltd. The project was ordered by a leading US automated solutions provider. OMNIQ will supply 500 Dangot smart kiosks integrated with AI-based machine vision technology and other advanced equipment.

OMNIQ Receives Approximately $1 Million Order for Smart Kiosks in the US

SALT LAKE CITY, Nov. 30, 2021 (GLOBE NEWSWIRE) -- OMNIQ Corp. (NASDAQ: OMQS) ("OMNIQ" or the "Company"), a provider of Supply Chain and Artificial Intelligence (AI)-based Machine Vision solutions, has closed on its previously announced notice to acquire an additional 26% of Dangot Computers Ltd. (“Dangot”) increasing OMNIQ's ownership to 77%, effective from October 1st, 2021. The Company has paid $4,035,000 from its working capital and a straight loan from an Israeli commercial bank.

OMNIQ Closes its Previously Announced Notice to Acquire an Additional 26% of Dangot Computers Increasing its Ownership of Dangot Computers to 77%

SALT LAKE CITY, Nov. 19, 2021 (GLOBE NEWSWIRE) -- OMNIQ Corp. (NASDAQ :OMQS) (OMNIQ" or the "Company"), a provider of Supply Chain and Artificial Intelligence (AI)-based Machine Vision solutions, announced the acquisition of an additional 26% of Dangot Computers Ltd. (“Dangot”) increasing OMNIQ's ownership to 77%. Dangot is a leader in providing state of the art technology enabling frictionless automated order processing & digital payment processing products for retail, fast food and parking, integrated working stations for physicians, drug delivery and blood tests, robotics for smart warehouses, point of sales and other innovative solutions.

OMNIQ Corp Gives Notice to Acquire an additional 26% of Dangot Computers increasing its ownership of Dangot Computers to 77%

OMNIQ Corp. (OMQS) CEO Shai Lustgarten on Q3 2021 Results - Earnings Call Transcript

SALT LAKE CITY, Nov. 15, 2021 (GLOBE NEWSWIRE) -- OMNIQ Corp.  (NASDAQ: OMQS) (“OMNIQ” or “the Company”), a provider of Supply Chain and Artificial Intelligence (AI)-based solutions, today announced its financial results for the three month period ended September 30, 2021.

OMNIQ Announces 30% increase YOY in Q3 Revenue to $20.5 Million, Nine-Month Revenue increased 26% to a Record $53.4 Million, Q3 YoY Gross Profit increased 66% to $4.7M

SALT LAKE CITY, Nov. 12, 2021 (GLOBE NEWSWIRE) -- OMNIQ Corp (NASDAQ: OMQS) (“OMNIQ” or “the Company”), a provider of Supply Chain and Artificial Intelligence (AI)-based solutions, announced today that it has received an approximately $4.0 million purchase agreement from a top, Midwest-based (3PL) third-party logistics client. omniQ will supply Android-based rugged data collection, computing and communication equipment to the 3PL customer's distribution centers across the United States. The 3PL customer has annual revenue of over $400 million and more than 3,000 employees. The multi-year deployment including the previous agreement announced on October 27, 2021 is valued at approximately $7.0 million.

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