Revenue: $8.8 million compared to $9.5 million year-over-year. This was attributable to the focus on more profitable revenue and the timing of some orders.
Gross Profit: $3 million compared to $2 million in the three-month period for 2024.
Loss from Operations: $591 thousand compared to $787 thousand year-over-year. This represents a 13.7% improvement.
Continued to focus on operational efficiencies and margin performance across the business.
Throughout the third quarter, OMNIQ continued to strengthen its presence across key sectors, adding new customers and expanding existing partnerships. Recent activity reflects ongoing demand for omniQ's vehicle recognition and automation technologies in education, healthcare, transportation, and municipal operations.
Operational Highlights
Expanded presence in higher education.OMNIQ signed a new university customer in Wisconsin, strengthening the Company's footprint in the campus mobility and AI parking automation market. The engagement broadens our reach in a sector that continues to adopt automated enforcement and data-driven operations.
New contract award from a major medical center.A leading medical center with multiple campuses awarded OMNIQ an ongoing contract, supporting long-term operational efficiency and reinforcing our position in the healthcare sector. This award reflects continued demand for integrated solutions that streamline parking, access, and facility management.
Eight new MLPI deployments.The Company deployed eight additional mobile license plate inventory (MLPI) vehicles during the quarter, increasing the reach of our mobile AI analytics platform. These deployments further demonstrate customer confidence in automated data collection for enforcement and operational insight.
CMX Airport advances automation.CMX Airport implemented OMNIQ technology ...
