OMNIQ Corp. reported first quarter 2025 revenue of $19.9 million, marking an 8.7% increase year-over-year compared to $18.3 million in Q1 2024. The company's operating loss improved by 45%, reducing to $690 thousand from $1.3 million in the same period of 2024. This reflects a significant improvement in operational performance.
Net loss for the quarter remained steady at $2.1 million, unchanged from Q1 2024, with basic loss per share also unchanged at $0.20. Comprehensive loss for the quarter decreased by 15.8% to $1.6 million in 2025 from $1.9 million in 2024. These figures indicate a stabilization in net profitability while operational efficiency improves.
The company noted that no single customer accounted for more than 10% of total revenue in Q1 2025, a diversification from full year 2024 where one customer represented 23.7%. OMNIQ expanded its customer base across key sectors including transportation, healthcare, education, and municipal operations. The company focused on strengthening relationships with current customers by delivering system upgrades and new services.
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