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Market Data: Yahoo Finance, Bloomberg, SEC

Report Link: Updated Research Report (Dated April 5, 2022)

Symbol: OMQS
Analyst: Howard Halpern
Taglich Rating: Speculative Buy
Price Target: $14.50
Time Horizon: 12 Months
Rating Established: April 8, 2021
Price When Established: $9.17
Most Recent Report: April 5, 2022
Price When Issued: $7.01

What’s New

OMNIQ Corp. Reports 1Q22 Results

On May 16, 2022, OMNIQ Corp. reported 1Q22 results for the period ended March 31, 2022.

The company reported revenues of $26.3 million compared to $19.8 million in the same period last year. Net loss was $2.6 million or ($0.34) per share versus a net loss of $3.4million or ($0.70) per share in the year ago quarter.

Taglich Brothers estimated 1Q22 revenues of $24.5 million and a net loss of $1.3 million or ($0.17) per share.

Company Description

OMNIQ Corp. headquartered in Salt Lake City, Utah is a global provider of computerized and machine vision image processing solutions that use patented and proprietary AI technology to deliver data collection, real-time surveillance and monitoring for supply chain management, homeland security, public safety, traffic and parking management, as well as access control applications. The company’s technology and services enable clients to move people, assets and data safely and securely through airports, warehouses, schools, national borders, and numerous other applications and environments.

Please view our current disclosure and disclaimer on our most recent research report.