OmniQ Q1 2024 revenue up 14% QoQ to $18.3M, gross margin record 28%, losses narrow

OMNIQ Corp.

Q1 revenue $18.3M, up 14% from Q4 2023; record gross margin 28% vs 21% YoY and 13% in Q4 2023.
Gross profit $5.0M, up 142% from Q4 2023; SG&A down 18% YoY to $5.6M.
Operating loss down 37% to $1.3M; basic EPS loss improved to ($0.20) from ($0.45).
Acquired fintech developer Codeblocks Ltd.; appointed new board member Israel Singer.
Applied to uplist to OTCQX; launched SaaS product seeQ with recurring revenue.

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