OMNIQ reports FY 2023 revenue of $81.1M, down 19.6% YoY; net loss widens to $29.4M

OMNIQ Corp.

FY 2023 revenue $81.1M, down from $100.8M in 2022; net loss $29.4M ($3.45/share) vs $13.6M loss prior year.
Q4 2023 revenue $16M, net loss $17.8M (includes $14.7M non-cash goodwill impairment).
Adjusted EBITDA loss $7.4M for FY 2023 vs $2.9M loss in 2022; Q4 adjusted EBITDA loss $3.6M.
Cash $1.7M at year-end; working capital deficit $45M; raised $2.5M net equity and new credit line.
Reduced SG&A $4.7M (17% YoY); no customer >10% of revenue in 2023 vs 30% from one in 2022.

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