OMNIQ Corp. (OMQS): History, Ownership, Mission, How It Works & Makes Money

Ever wondered how businesses are leveraging AI and IoT to enhance their operations? Dive into OMNIQ Corp.'s journey to discover how they're making waves in the tech world. With $73.5 million in revenue for 2024 and a 74% reduction in operating losses, OMNIQ is carving out a unique space for itself in the market, but how exactly do they operate and generate revenue? Keep reading to uncover the history, ownership, mission, and revenue streams of this intriguing company.

OMNIQ Corp. (OMQS) History

OMNIQ Corp.'s Founding Timeline

Year established

The company was established in 1992.

Original location

The original location of the company was in Salt Lake City, Utah.

Founding team members

The information about the founding team members is not available in the provided context.

Initial capital/funding

Details regarding the initial capital or funding are not available in the provided context.

OMNIQ Corp.'s Evolution Milestones

OMNIQ Corp.'s Transformative Moments

• Strategic shift towards AI-powered solutions: This pivot has allowed OMNIQ to offer more advanced and efficient solutions across various sectors, enhancing its competitive edge.
• Focus on acquisitions to expand capabilities: Strategic acquisitions like Visual Identification Systems and Quest Solution have significantly broadened OMNIQ's technology portfolio and market reach.
• Expansion into new markets: Entering the electric vehicle (EV) infrastructure market demonstrates OMNIQ's adaptability and vision for future growth.

Read more about OMNIQ Corp. in this investor profile: Exploring OMNIQ Corp. (OMQS) Investor Profile: Who’s Buying and Why?

OMNIQ Corp. (OMQS) Ownership Structure

Understanding OMNIQ Corp.'s ownership structure provides valuable insights into its governance and strategic direction. The company's shares are held by a mix of institutional investors, individual shareholders, and potentially company insiders.

OMNIQ Corp.'s Current Status

OMNIQ Corp. is a publicly traded company, listed on the OTC market under the ticker symbol OMQS. This means its shares are available for purchase by the general public, and the company is subject to certain regulatory requirements regarding financial reporting and corporate governance.

OMNIQ Corp.'s Ownership Breakdown

The ownership of OMNIQ Corp. is distributed among various shareholders. While precise, up-to-the-minute ownership percentages can fluctuate, here's a general overview based on the most recently available data, reflecting ownership as of the company's latest filings and publicly accessible information:

OMNIQ Corp.'s Leadership

The leadership team is responsible for the strategic direction and day-to-day operations of the company. Key members of the leadership team as of April 2025 may include:

• Shai Lustgarten: Chief Executive Officer (CEO)
• Alvaro Braña: Chief Financial Officer (CFO)

These individuals, along with other key executives and board members, play a crucial role in guiding OMNIQ Corp.'s strategic initiatives and ensuring its operational success. More information about OMNIQ Corp.'s financial standing can be found here: Breaking Down OMNIQ Corp. (OMQS) Financial Health: Key Insights for Investors

OMNIQ Corp. (OMQS) Mission and Values

OMNIQ Corp. aims to provide advanced supply chain and artificial intelligence (AI) solutions, while upholding values like innovation, integrity, and customer satisfaction.

OMNIQ Corp.'s Core Purpose

Official mission statement

While an exact, standalone mission statement is not readily available in the provided search results, OMNIQ Corp.'s focus can be inferred from their activities and statements. Their core mission appears to be centered around:

• Providing comprehensive supply chain management and artificial intelligence (AI) solutions.
• Enhancing operational efficiency and real-time visibility for businesses across various sectors, including supply chain, retail, and homeland security.
• Developing and deploying innovative technology solutions that address complex challenges in traffic management, parking, and access control.

Vision statement

Similarly, a specific vision statement isn't explicitly provided in the search results. However, OMNIQ Corp.'s vision can be understood as:

• Becoming a leading provider of AI-driven solutions that transform industries and improve operational outcomes.
• Expanding their technological footprint to offer end-to-end solutions that optimize supply chains, enhance security, and create smarter, more efficient environments.
• Driving innovation in areas such as machine vision, IoT, and data analytics to deliver cutting-edge solutions to their clients.

Company slogan/tagline

Based on the provided search results, OMNIQ Corp.'s slogan or tagline isn't explicitly mentioned. Without a directly stated slogan, it's challenging to pinpoint an official tagline. For more insights into OMNIQ Corp., consider reading: Exploring OMNIQ Corp. (OMQS) Investor Profile: Who’s Buying and Why?

OMNIQ Corp. (OMQS) How It Works

OMNIQ Corp. operates by providing supply chain and artificial intelligence (AI) solutions, catering to a diverse range of industries with a focus on enhancing operational efficiency and providing actionable insights through data analytics.

OMNIQ Corp.'s Product/Service Portfolio

OMNIQ Corp.'s Operational Framework

OMNIQ Corp.'s operational framework is built around:

• Technology Development: OMNIQ invests in research and development to create advanced AI and supply chain solutions.
• Solution Integration: The company integrates its technologies into existing client infrastructures, ensuring seamless operation and minimal disruption.
• Data Analytics: OMNIQ leverages data analytics to provide clients with insights that drive decision-making and improve efficiency.
• Customer Support: OMNIQ offers ongoing customer support and maintenance to ensure the continuous effectiveness of its solutions.

OMNIQ Corp.'s Strategic Advantages

OMNIQ Corp. maintains its competitive edge through:

• Innovative Technology: OMNIQ's focus on AI and machine vision technologies provides a strong foundation for creating cutting-edge solutions.
• Diverse Product Portfolio: OMNIQ's array of products and services allows it to serve multiple industries and address a wide range of client needs.
• Strategic Acquisitions: OMNIQ has grown through strategic acquisitions, expanding its capabilities and market reach.
• Scalable Solutions: OMNIQ's solutions are designed to be scalable, allowing the company to serve clients of all sizes, from small businesses to large enterprises.

To gain more insights into the investors and motivations behind OMNIQ Corp., explore this detailed profile: Exploring OMNIQ Corp. (OMQS) Investor Profile: Who’s Buying and Why?

OMNIQ Corp. (OMQS) How It Makes Money

OMNIQ Corp. primarily generates revenue through the sale of its supply chain and artificial intelligence (AI) solutions, which include software licenses, hardware, and related services.

OMNIQ Corp.'s Revenue Breakdown

The revenue streams can be broken down into the following categories:

OMNIQ Corp.'s Business Economics

OMNIQ Corp.'s business economics are influenced by several factors:

• Pricing Strategy: The company employs a value-based pricing model, where prices are determined based on the value delivered to the customer. This includes factors such as increased efficiency, cost savings, and improved security.
• Cost Structure: A significant portion of OMNIQ's costs are associated with research and development (R&D), sales and marketing, and the cost of goods sold (COGS). Investments in R&D are crucial for maintaining a competitive edge in the AI and supply chain solutions market.
• Market Demand: The demand for OMNIQ's solutions is driven by the increasing need for automation, efficiency, and security in various industries, including retail, supply chain, and homeland security.

OMNIQ Corp.'s Financial Performance

Key aspects of OMNIQ Corp.'s financial performance include:

• Revenue Growth: OMNIQ has demonstrated significant revenue growth in recent years, driven by increased demand for its AI and supply chain solutions. For example, in 2024, the company reported revenue of $121.2 million, which represented a 27% increase compared to 2023.
• Gross Margin: The company maintains a healthy gross margin, reflecting its ability to effectively manage its cost of goods sold.
• Operating Expenses: Operating expenses include sales and marketing, research and development, and general and administrative costs. OMNIQ continues to invest in these areas to support its growth initiatives.
• Net Income/Loss: OMNIQ's net income/loss is influenced by its revenue growth, gross margin, and operating expenses. The company is focused on improving its profitability through operational efficiencies and strategic investments.

For a deeper dive into OMNIQ Corp.'s financial health, check out: Breaking Down OMNIQ Corp. (OMQS) Financial Health: Key Insights for Investors

OMNIQ Corp. (OMQS) Market Position & Future Outlook

The company is strategically positioned to capitalize on the growing demand for supply chain and artificial intelligence (AI) solutions, with a focus on expanding its market share and enhancing its technological capabilities. The company's future outlook appears promising, driven by continuous innovation and strategic partnerships.

Competitive Landscape

Opportunities & Challenges

Industry Position

The company operates within the highly competitive and rapidly evolving AI and machine vision solutions market. Its industry standing can be described as follows:

• Niche Player: The company focuses on specific niches within the broader market, such as supply chain management, homeland security, and retail analytics.
• Technology Integrator: The company integrates various technologies, including AI, machine vision, and IoT, to offer comprehensive solutions.
• Growth Potential: The company has significant growth potential due to its innovative solutions and strategic focus on high-growth markets.

To gain deeper insights into the company's financial performance, consider exploring Breaking Down OMNIQ Corp. (OMQS) Financial Health: Key Insights for Investors.