SALT LAKE CITY, Aug. 19, 2025 (GLOBE NEWSWIRE) — OMNIQ Corp. (OTC:OMQS) or “The Company” announced today the financial results of the second quarter 2025, showing a strong financial turnaround in the first half of 2025, with overall net loss reduced to just $34,000 from $5.1 million in the prior year period, and a 75 percent reduction in equity deficit on $15.7 million of revenue.
All of the following values are adjusted post the announcement that was released July 16th, 2025, due to the sale of the legacy business.
- Stockholders’ Equity: Improved by $32.9M, reducing the deficit by approximately 75% from $(43.9M) to $(11.0M).
- Revenue: $15.7 million for the first half of 2025, compared to $17.5 million in the same period of 2024.
- Gross Margin: Improved to 26% (2025) from 23% (2024), as the company became more efficient in purchases and pricing.
- SG&A Expenses: Reduced by 31%, falling to $3.37 million from $4.9 million, driven by cost-savings initiatives and the removal of portion of overhead previously generated by legacy business expenses.
- Loss from operations: The loss from operations for the 6 months ended June 30 was approximately $678,000, of which approximately $504,000 of expenses was from depreciation and amortization during the quarter. The same period for 2024 was a loss of approximately $2.27 million.
Pursuant to the asset sale described in the Form 10Q, the assets of one division were sold during the second quarter of 2025. Accordingly, the financial statements have reclassified the related revenues and expenses from both prior periods and the current period into a single line item for “Discontinued Operations” on the face of the financial statements, with further detail provided in the accompanying Notes. Cash flow followed the same trend. The Company ended June 30, 2025, with $2.2 million in cash. Operating cash flow was positive at $6.07 million compared with negative …