Company: OMQS
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001641172-25-010783
Chunk: 35

Company: OMNIQ Corp.
Filing Date: 2025-05-15
Form: 10-Q
Item: Part I, Item 8
Chunk 35
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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, respectively.

Operating expenses

Total operating expenses for the three months ended
March 31, 2025, and 2024 recognized was $5.8 million and $6.3 million, respectively, representing a 7.7% decrease. The decrease in operating
expenses was due primarily to management’s cost savings plan.

Research and Development – Research
and development expenses for the three months ended March 31, 2025, and 2024 totaled $507 thousand and $405 thousand, respectively.

Selling, general and Administrative
– Selling, general and administrative expenses for the three months ended March 31, 2025, and 2024 totaled $5.1 million and $5.6
million, respectively, representing a 9% decrease. The decrease was due primarily to management’s cost savings plan.

Depreciation – Depreciation expenses
for the three months ended March 31, 2025, and 2024 totaled $28 thousand and $116 thousand, respectively, representing a 76% decrease.
The decrease is directly related to the reduction in fixed assets.

Intangible amortization – Intangible
amortization expenses for the three months ended March 31, 2025, and 2024 totaled $232 thousand and $231 thousand, respectively. The increase
is due to life of intangibles and what is remaining to be amortized.

Other income and expenses

Interest Expense – Interest expense
for the three months ended March 31, 2025