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May 20, 2026 4:30 PM

OMNIQ Reports First Quarter 2026 Financial Results

SALT LAKE CITY, May 20, 2026 (GLOBE NEWSWIRE) -- OMNIQ Corp (OTCMTS: OMQS or "OMNIQ" or "the Company") today announced its financial results for the first quarter 2026. The Company reported $7.7 million in quarterly revenue as well as a gross profit increase of 3.3 percent year over year. The Company continues to implement its product focus and cost-reduction strategy designed to increase revenue & footprint, strengthen profitability, and support long-term operational efficiency.

Financial Highlights

For the three months ended March 31, 2026, compared to the same period in 2025:

Revenue was $7.68 million, compared to $7.98 million in the prior-year period.

Gross profit increased to $2.255 million, compared to $2.184 million last year.

Loss from operations was ($1.2 million), compared to ($425,000) in the prior-year period.

Net loss per share improved to ($0.11), compared to ($0.19) last year.

Revenue for the three months ended March 31, 2026, was $7.68 million, compared to $7.98 million for the same period in 2025. While revenue was slightly lower year over year, the Company continued to maintain a strong presence across its core markets and strategic deployments, and at the same time continued implementing products focused on serving end customers

Gross profit increased to $2.255 million for the quarter, compared to $2.184 million in the prior year period. The improvement reflects continued focus on operational execution, project mix, and higher-margin opportunities across the business.

Loss from operations for the quarter was ($1.2 million), compared to ($425,000) in the first quarter of 2025. Operating results reflected continued investments in technology development, operational infrastructure, and strategic business initiatives designed to support future growth.

Net loss per share improved to ($0.11) for the three months ended March 31, 2026, compared to ($0.19) in the same period last year. The year-over-year improvement reflects progress in managing overall financial performance despite continued investments across the business.

Throughout the first quarter, OMNIQ continued to strengthen its presence across key sectors, adding new customers and expanding existing partnerships. Recent activity reflects ongoing demand for the Company's vehicle recognition and ...