OMNIQ Corp ( (OMQS) ) has issued an update.
In 2024, OMNIQ Corp. reported a revenue of $73 million, a decrease from the previous year, but significantly reduced its operational losses by 74% and improved financial efficiency. The company introduced new technologies and expanded its role in public safety and critical infrastructure, while maintaining stable gross profits despite revenue declines. OMNIQ’s strategic focus on integrated solutions and cost optimization has strengthened its market position, with ongoing projects and pilot programs indicating potential future growth.
More about OMNIQ Corp
OMNIQ Corp. provides computerized and machine vision image processing solutions using patented AI technology for real-time object identification, tracking, surveillance, and monitoring in applications like Supply Chain Management, Public Safety, and Traffic Management. The company serves government agencies and Fortune 500 companies across various sectors, including manufacturing, retail, and healthcare, with operations in over 40 countries.
YTD Price Performance: -29.47%
Average Trading Volume: 20,200
Technical Sentiment Signal: Strong Buy
Current Market Cap: $1.29M
See more data about OMQS stock on TipRanks’ Stock Analysis page.