Company: OMQS
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001641172-25-010783
Chunk: 2

Company: OMNIQ Corp.
Filing Date: 2025-05-15
Form: 10-Q
Item: Part I, Item 1
Chunk 2
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 2025  
    2024 

    For the Three months ended 

    March 31 
  
    (In thousands, except share and per share data) 
    2025  
    2024 
  
    Revenues 
    $19,903  
    $18,317 

    Cost of goods sold 
     14,762  
     13,259 

    Gross profit 
     5,141  
     5,058 

    Operating expenses 

    Research & Development 
     507  
     405 
  
    Selling, general and administrative 
     5,064  
     5,565 
  
    Depreciation 
     28  
     116 
  
    Amortization 
     232  
     231 
  
    Total operating expenses 
     5,831  
     6,317 
  
    Loss from operations 
     (690) 
     (1,259)

    Other income (expenses): 

    Interest expense 
     (462) 
     (917)
  
    Other (expenses) income 
     (973) 
     31 
  
    Total other expenses 
     (1,435) 
     (886)
  
    Net Loss Before Income Taxes 
     (2,125) 
     (2,145)
  
    Current Provision for Income Taxes 
     36  
     47 
  
    Total Provision for Income Taxes 
     36  
     47 

    Net Loss 
    $(2,089) 
    $(2,098)

    Net Loss 
    $(2,089) 
    $(2,098)
  
    Foreign currency translation adjustment 
     491  
     241 
  
    Comprehensive loss 
    $(1,598) 
    $(1,857)
  
    Reconciliation of net loss to net loss attributable to common shareholders 

    Net loss 
    $(2,089) 
    $(2,098)
  
    Less: Dividends attributable to non-common stockholders’ of OmniQ Corp 
     (7) 
     (7)
  
    Net loss attributable to common stockholders’ of OmniQ Corp 
    $(2,096) 
    $(2,105)
  
    Net (loss) per share - basic attributable to common stockholders’ of OmniQ Corp