Company: OMQS
Filing Date: 2025-08-19
Form Type: 10-Q
Source: 0001641172-25-024877
Chunk: 3

Company: OMNIQ Corp.
Filing Date: 2025-08-19
Form: 10-Q
Item: Part I, Item 2
Chunk 3
---
 used $1.7 million of cash during the six months ended June 30, 2025, and used $1.34 million
during the six months ended June 30, 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. Amounts are presented
in thousands.

    For the 6 months ended  June 30,  
    Variation 
  
    In thousands 
    2025  
    2024  
    $  
    % 
  
    Revenue 
    $15,782  
    $17,587  
    $(1,805) 
     (10.26)%
  
    Cost of Goods sold 
     11,6178  
     13,458  
     (1,841) 
     (13.68)%
  
    Gross Profit 
     4,164  
     4,129  
     35  
     0.85%
  
    Operating Expenses 
     4,842  
     6,396  
     (1,554) 
     (24.3)%
  
    Income (Loss) from operations 
     (678) 
     (2,267) 
     1,589  
     (70.09)%
  
    Net income (loss) from continuing operations 
     1,691  
     (4,118) 
     5,809  
     -141%
  
    Loss from discontinued operations (net of tax) 
     (1,725) 
     (1,024) 
     (701) 
     (68.46)%
  
    Net income (loss) 
     (34) 
     (5,142) 
     5,108  
     (99.34)%
  
    Net Loss per common Share from continuing operations 
    $(0.00) 
    $(0.20) 
    $0.00  
     (100.00)%

Revenues

For
the six months ended June 30, 2025, and 2024, the Company generated net revenues in the amount of $15.8 million and $17