Company: OMQS
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001641172-25-010783
Chunk: 34

Company: OMNIQ Corp.
Filing Date: 2025-05-15
Form: 10-Q
Item: Part I, Item 8
Chunk 34
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 to OmniQ stockholders of $45.5 million and $43.8 million as of March 31, 2025, and December 31, 2024, respectively.
This increase in our stockholders’ deficit was primarily attributable to net losses.

The
Company’s accumulated deficit was $126 million and $124 million as of March 31, 2025, and December 31, 2024.

The
Company’s operations provided net cash of $1 million and used $623 thousand in the three months ended March 31, 2025, and 2024,
respectively. The increase in cash provided in operations of $1.6 million is due to the increase in revenue.

The
Company’s cash used in investing activities was $31 thousand for the three months ended March 31, 2025, compared to cash used in
investing activities of $48 thousand for the three months ended March 31, 2024.

The
Company’s financing activities 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) 
     (