SALT LAKE CITY - OMNIQ Corp. (NASDAQ: NASDAQ:OMQS), a provider of supply chain and AI-based solutions, has announced a significant purchase order through its subsidiary, Dangot Computers Ltd.
The order entails deploying interactive consumer management kiosks across a multi-billion-dollar energy service provider's locations in Israel. This contract marks the continuation of OMNIQ's expansion in the Israeli market, following installations in the nation's largest HMO, hospitals, and restaurant chains.
The kiosks are designed to enhance consumer interactions by offering self-service options that streamline processes, reduce wait times, and minimize human error. They are also expected to lower operational costs and generate valuable consumer data for the company's clients. Equipped with advanced communication tools, sensors, and printers, these kiosks connect to main servers managing patient files, improving service quality and speed.
OMNIQ's CEO, Shai Lustgarten, commented on the significance of the order, emphasizing the company's role in advancing consumer service operations through technology. He highlighted the potential for interactive functionalities and increased automation to improve consumer experiences.
OMNIQ's innovative solutions cater to various sectors, including supply chain management, public safety, and traffic management. The company's client base includes government agencies and Fortune 500 companies across industries such as healthcare, logistics, and food and beverage. OMNIQ's strategic position in growing markets, such as the Global Safe City and smart parking sectors, underscores its potential role in industries increasingly dependent on AI technology.
The purchase order is anticipated to be the first in a series for OMNIQ, indicating potential for follow-up orders from this customer.
The information in this report is based on a press release statement from OMNIQ Corp.
InvestingPro Insights
As OMNIQ Corp. (NASDAQ: OMQS) continues to secure significant orders and expand its influence in the Israeli market, it's important to consider the company's financial health and market performance. According to InvestingPro data, OMNIQ has a market capitalization of 5.94 million USD, indicating its size within the technology sector. Despite a challenging financial landscape, the company reported revenue of 81.19 million USD for the last twelve months as of Q1 2023.
An InvestingPro Tip highlights OMNIQ's high shareholder yield, which could be appealing to investors seeking returns through capital gains and potential stock repurchases. On the other side, OMNIQ operates with a significant debt burden, which is an essential factor for investors to consider, especially when assessing the company's long-term financial stability.
Investors should note that OMNIQ's stock has experienced high price volatility, and the price has fallen significantly over the last year, with a 1-year price total return of -92.38%. This level of volatility and performance may be relevant for those looking at the risk profile of their investments. Additionally, the company's gross profit margin stands at 19.35%, which may reflect on its operational efficiency.
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