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OMNIQ Corp (OMQS)
OTHER OTC:OMQS
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Earnings Data
Report Date
Mar 27, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
―Last Year’s EPS
―Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 19, 2018
|% Change Since: 33.33%
|Next Earnings Date:Aug 20, 2018
Earnings Call Sentiment|Positive
The earnings call highlighted significant improvements in revenue, operating expenses, and net loss, along with advancements in strategic partnerships and technology. Despite a slight decrease in gross profit, the overall performance indicates positive momentum for OMNIQ, supported by strategic initiatives and a focus on growth sectors.Company Guidance
During OMNIQ's Third Quarter 2024 earnings call, CEO Shai Lustgarten highlighted several key financial metrics and strategic initiatives that are shaping the company's growth trajectory. The company reported a 7.6% increase in revenue, reaching $18.5 million compared to $17.2 million in the same quarter of 2023. Operating expenses saw a significant reduction of 26%, dropping to $4.9 million from $6.6 million in the previous year. The net loss decreased substantially by 63%, with a reported loss of $1.6 million, down from $4.3 million in Q3 2023. SG&A expenses also fell by 21% to $4.4 million. Despite these positive financial outcomes, gross profit experienced a slight decline of 1.45%, down to $3.95 million. Earnings per share improved to negative $0.15 from negative $0.55. These results were attributed to successful cost reduction strategies and strategic partnerships, particularly in the fintech and AI sectors. OMNIQ continues to focus on expanding its market presence through SaaS business models and strengthening its foothold in high-growth sectors such as smart city infrastructure and public safety.Revenue Growth
Revenue for Q3 2024 increased to $18.5 million from $17.2 million in Q3 2023, representing a 7.6% year-over-year increase.
Operating Expenses Reduction
Operating expenses decreased by approximately 26% to $4.9 million in Q3 2024 from $6.6 million in Q3 2023.
Net Loss Improvement
Net loss decreased by approximately 63%, from $4.3 million in Q3 2023 to $1.6 million in Q3 2024.
Strategic Partnerships and Technology Advancements
Secured strategic agreements with companies like Ingenico and SHVA, and advanced technology deployments in facial recognition and access control.
Growth in IoT Business
Received several large purchase orders for upgraded technology, ranging between $1 million and $3.4 million.
Cash Flow Improvement
Generated net cash of $230,000 for the nine months ended September 30, 2024, compared to a net use of $2.1 million in the same period of 2023.
Earnings Per Share Improvement
Basic loss per share improved to negative $0.15 in Q3 2024 from negative $0.55 in Q3 2023.
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OMQS Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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OMQS Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 14, 2024 | $0.18 | $0.14 | -22.22% |
| Aug 14, 2024 | $0.18 | $0.17 | -5.56% |
| May 15, 2024 | $0.27 | $0.33 | +22.22% |
| Apr 01, 2024 | $0.52 | $0.32 | -38.46% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does OMNIQ Corp (OMQS) report earnings?
OMNIQ Corp (OMQS) is schdueled to report earning on Mar 27, 2025, TBA Not Confirmed.
What is OMNIQ Corp (OMQS) earnings time?
OMNIQ Corp (OMQS) earnings time is at Mar 27, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is OMQS EPS forecast?
Currently, no data Available
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