Company: OMQS
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001493152-25-023481
Chunk: 16

Company: OMNIQ Corp.
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 8
Chunk 16
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5  
    2024  
    $  
    % 
  
    Revenue 
    $8,826  
    $9,454  
    $(628) 
     (6.64)%
  
    Cost of Goods sold 
    $5,867  
    $7,362  
    $(1,495) 
     (20.31)%
  
    Gross Profit 
    $2,959  
    $2,092  
    $867  
     41.44%
  
    Operating Expenses 
    $3,550  
    $2,879  
    $671  
     23.31%
  
    Loss from operations 
    $(591) 
    $(787) 
    $196  
     (24.90)%
  
    Net loss 
    $(747) 
    $(1,600) 
    $853  
     (53.31)%
  
    Net Loss per common Share from continuing operations 
    $(0.06) 
    $(0.08) 
    $0.02  
     (26.60)%

Revenues

For the three months ended September 30, 2025 and 2024, the Company generated
net revenues in the amount of $8.8 million and $9.5 million, respectively. The decrease between the three-month periods was attributable
to the focusing on more profitable revenue and timing on some orders.

Cost
of Goods Sold

For the three months ended September 30, 2025 and 2024, the Company recognized
a total of $5.9 million and $7.43 million, respectively, of cost of goods sold. For the three months ended September 30, 2025 and 2024,
cost of goods sold were 66% and 78% of net revenues, respectively.

Operating
expenses

Total operating expenses for the three months ended September 30, 2025
and 2024 recognized was $3.6 million and $2.9 million, respectively, representing a 23% increase. The increase is related to the additional commissions incurred on the sale of the division.

Research
and Development – Research and development expenses for the three months ended September 30, 2025 and 2024 totaled $436
thousand and $492 thousand, respectively.

Selling,
general and Administrative – Selling, general and administrative expenses for the three months