Company: OMQS
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001641172-25-010783
Chunk: 17

Company: OMNIQ Corp.
Filing Date: 2025-05-15
Form: 10-Q
Item: Part I, Item 1
Chunk 17
---
 used $1.2 million of cash during the three months ended March 31, 2025, and used $971 thousand during
the three months ended March 31, 2024.

4

Results of Operations

The following tables set forth certain selected unaudited
condensed consolidated statements of operations data for the periods indicated in dollars. In addition, we note that the period-to-period
comparison may not be indicative of future performance.

    For the 3 months ended 
March 31,  
    Variation 
  
    In thousands 
    2025  
    2024  
    $  
    % 
  
    Revenue 
    $19,903  
    $18,317  
    $1,586  
     8.66%
  
    Cost of Goods sold 
     14,762  
     13,259  
     1,503  
     11.34%
  
    Gross Profit 
     5,141  
     5,058  
     83  
     1.64%
  
    Operating Expenses 
     5,831  
     6,317  
     (486) 
     (7.69)%
  
    Loss from operations 
     (690) 
     (1,259) 
     569  
     (45.19)%
  
    Net loss 
     (2,089) 
     (2,098) 
     9  
     (0.43)%
  
    Net Loss per common Share from continuing operations 
    $(0.20) 
    $(0.20) 
    $0.00  
     (0.00)%

Revenues 

For the three months ended March 31, 2025, and 2024,
the Company generated net revenues in the amount of $19.9 million and $18.3 million, respectively. The increase between the three-month
periods was attributable to acceleration of projects by customers.

Cost of Goods Sold

For the three months ended March 31, 2025, and 2024,
the Company recognized a total of $14.8 million and $13.3 million, respectively, of cost of goods sold. For the three months ended March
31, 2025, and 2024, cost of goods sold were 74% and 72% of net revenues,