OMNIQ Corp Reports Revenue Growth and Cost Reductions

OMNIQ Corp ( (OMQS) ) just unveiled an update.

Omniq Corp. reported a notable 7.57% increase in third-quarter revenue for 2024, reaching $18.5 million, alongside a substantial reduction in operating expenses, which fell by 25.58% to $4.9 million. This focus on cost management also led to a significant decrease in net losses by 62.86%. The company is strategically expanding its presence in fintech and public safety sectors through partnerships and innovations, aiming to boost recurring revenue streams and drive long-term shareholder value.

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