secwatch.observer — SEC 8-K summary
======================================

Issuer:     OMNIQ Corp. (OMQS)
CIK:        0000278165
Form:       8-K
Filed at:   2024-05-15T23:59:59+00:00
Accession:  0001493152-24-019897
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/278165/000149315224019897/0001493152-24-019897-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/278165/000149315224019897/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-019897

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer