$OMQS
OMNIQ Corp.

2024 Q3 Form 10-Q Financial Statement

#000149315224032247 Filed on August 14, 2024

View on sec.gov

Income Statement

Concept 2024 Q3 2024 Q2
Revenue $18.55M $19.06M
YoY Change 6.12% -6.79%
Cost Of Revenue $14.60M $14.17M
YoY Change 8.37% -14.41%
Gross Profit $3.950M $4.883M
YoY Change -1.47% 25.66%
Gross Profit Margin 21.29% 25.62%
Selling, General & Admin $4.355M $5.025M
YoY Change -22.02% -5.46%
% of Gross Profit 110.25% 102.91%
Research & Development $261.0K $462.0K
YoY Change -45.85% -17.35%
% of Gross Profit 6.61% 9.46%
Depreciation & Amortization $90.00K $92.00K
YoY Change -38.36% -4.17%
% of Gross Profit 2.28% 1.88%
Operating Expenses $4.934M $5.806M
YoY Change -25.59% -9.17%
Operating Profit -$984.0K -$923.0K
YoY Change -62.47% -63.17%
Interest Expense
YoY Change
% of Operating Profit
Other Income/Expense, Net -$661.0K -$2.122M
YoY Change -65.17% 45.24%
Pretax Income -$1.645M -$3.045M
YoY Change -63.61% -23.24%
Income Tax -$46.00K
% Of Pretax Income
Net Earnings -$1.599M -$3.045M
YoY Change -62.86% -21.24%
Net Earnings / Revenue -8.62% -15.98%
Basic Earnings Per Share -$0.15 -$0.28
Diluted Earnings Per Share
COMMON SHARES
Basic Shares Outstanding 10.69M shares 10.69M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2024 Q3 2024 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $1.234M $1.373M
Short-Term Investments
Other Short-Term Assets $40.00K $42.00K
YoY Change 21.21% -88.68%
Inventory $5.651M $5.787M
Prepaid Expenses $1.054M $1.240M
Receivables $17.51M $21.93M
Other Receivables
Total Short-Term Assets $25.49M $30.38M
YoY Change -0.98% 6.22%
LONG-TERM ASSETS
Property, Plant & Equipment $843.0K $898.0K
YoY Change -33.25% -34.6%
Goodwill $2.869M $2.831M
YoY Change -82.47% -82.77%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $1.821M $2.043M
YoY Change 30.07% 69.97%
Total Long-Term Assets $11.70M $12.24M
YoY Change -57.15% -54.95%
TOTAL ASSETS
Total Short-Term Assets $25.49M $30.38M
Total Long-Term Assets $11.70M $12.24M
Total Assets $37.19M $42.62M
YoY Change -29.89% -23.58%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $75.79M $78.58M
YoY Change 9.93% 14.14%
LONG-TERM LIABILITIES
Long-Term Debt
YoY Change
Other Long-Term Liabilities $501.0K $525.0K
YoY Change 77.66% 194.94%
Total Long-Term Liabilities $501.0K $525.0K
YoY Change 77.66% 194.94%
TOTAL LIABILITIES
Total Short-Term Liabilities $75.79M $78.58M
Total Long-Term Liabilities $501.0K $525.0K
Total Liabilities $77.42M $80.97M
YoY Change 7.16% 12.97%
SHAREHOLDERS EQUITY
Retained Earnings -$121.0M -$119.0M
YoY Change 26.04% 29.35%
Common Stock $11.00K $11.00K
YoY Change 37.5% 37.5%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$40.23M -$38.36M
YoY Change
Total Liabilities & Shareholders Equity $37.19M $42.62M
YoY Change -29.89% -23.58%

Cashflow Statement

Concept 2024 Q3 2024 Q2
OPERATING ACTIVITIES
Net Income -$1.599M -$3.045M
YoY Change -62.86% -21.24%
Depreciation, Depletion And Amortization $90.00K $92.00K
YoY Change -38.36% -4.17%
Cash From Operating Activities
YoY Change
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities
YoY Change
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities
YoY Change
NET CHANGE
Cash From Operating Activities
Cash From Investing Activities
Cash From Financing Activities
Net Change In Cash
YoY Change
FREE CASH FLOW
Cash From Operating Activities
Capital Expenditures
Free Cash Flow
YoY Change

Facts In Submission

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IncreaseDecreaseInPrepaidExpense
260000 usd
us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
27000 usd
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-92000 usd
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-1693000 usd
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-812000 usd
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-406000 usd
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
3028000 usd
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-1422000 usd
us-gaap Increase Decrease In Accrued Taxes Payable
IncreaseDecreaseInAccruedTaxesPayable
1643000 usd
us-gaap Increase Decrease In Accrued Taxes Payable
IncreaseDecreaseInAccruedTaxesPayable
-973000 usd
us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
-419000 usd
us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
-450000 usd
us-gaap Increase Decrease In Deferred Income Taxes
IncreaseDecreaseInDeferredIncomeTaxes
1103000 usd
us-gaap Increase Decrease In Deferred Income Taxes
IncreaseDecreaseInDeferredIncomeTaxes
-21000 usd
us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
-47000 usd
us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
-59000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-3671000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-767000 usd
OMQS Proceeds From Payments For Sale Of Property Plant And Equipment
ProceedsFromPaymentsForSaleOfPropertyPlantAndEquipment
81000 usd
OMQS Proceeds From Payments For Sale Of Property Plant And Equipment
ProceedsFromPaymentsForSaleOfPropertyPlantAndEquipment
-409000 usd
us-gaap Payments For Proceeds From Productive Assets
PaymentsForProceedsFromProductiveAssets
22000 usd
us-gaap Payments For Proceeds From Productive Assets
PaymentsForProceedsFromProductiveAssets
-163000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-103000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
572000 usd
us-gaap Proceeds From Stock Plans
ProceedsFromStockPlans
8000 usd
us-gaap Proceeds From Stock Plans
ProceedsFromStockPlans
18000 usd
OMQS Proceeds From Exercises Of Options And Warrants
ProceedsFromExercisesOfOptionsAndWarrants
191000 usd
us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
1814000 usd
us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
673000 usd
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
3175000 usd
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
1147000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
1369000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
683000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
-2405000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
488000 usd
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
2100000 usd
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
199000 usd
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
1678000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
1311000 usd
CY2024Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
1373000 usd
CY2023Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
1998000 usd
OMQS Declared Dividends Payable
DeclaredDividendsPayable
15000 usd
OMQS Declared Dividends Payable
DeclaredDividendsPayable
16000 usd
OMQS Net Assets Acquired In Business Combination
NetAssetsAcquiredInBusinessCombination
1284000 usd
us-gaap Interest Paid Net
InterestPaidNet
1709000 usd
us-gaap Interest Paid Net
InterestPaidNet
1678000 usd
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
10690286 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
7777665 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
2904067000 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
3187891000 shares
us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<p id="xdx_840_eus-gaap--PriorPeriodReclassificationAdjustmentDescription_zGdqmgsKCQ6e" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><br/> <span id="xdx_868_zq57aV6XkK32">Reclassifications and Comparability</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b> </b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin: 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Certain revenue and cost of goods sold amounts in the financial statements of the prior period have been reclassified to be presented on a net basis rather than a gross to conform to the current period’s presentation for comparative purposes. The total amount reclassified from cost of goods sold to revenue, as a reduction, was $<span id="xdx_904_eus-gaap--Revenues_pn3n3_c20240101__20240630__srt--RestatementAxis__srt--RevisionOfPriorPeriodReclassificationAdjustmentMember_zDA3HC3gghYf" title="Revenues"><span id="xdx_907_eus-gaap--Revenues_pn3n3_c20230101__20230630__srt--RestatementAxis__srt--RevisionOfPriorPeriodReclassificationAdjustmentMember_zisagZhspiOl" title="Revenues">401</span></span> thousand. This had no effect on total assets or net income.</span></p>
CY2024Q2 OMQS Working Capital Deficit
WorkingCapitalDeficit
48000000 usd
CY2024Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-119000000 usd
CY2024Q2 us-gaap Accounts Payable Current And Noncurrent
AccountsPayableCurrentAndNoncurrent
46000000 usd
CY2024Q2 us-gaap Debt Instrument Interest Rate Stated Percentage
DebtInstrumentInterestRateStatedPercentage
0.05 pure
CY2023Q4 us-gaap Proceeds From Issuance Or Sale Of Equity
ProceedsFromIssuanceOrSaleOfEquity
2500000 usd
CY2024Q2 us-gaap Inventory Raw Materials
InventoryRawMaterials
322000 usd
CY2023Q4 us-gaap Inventory Raw Materials
InventoryRawMaterials
457000 usd
CY2024Q2 us-gaap Other Inventory In Transit
OtherInventoryInTransit
1011000 usd
CY2023Q4 us-gaap Other Inventory In Transit
OtherInventoryInTransit
737000 usd
CY2024Q2 us-gaap Inventory Finished Goods
InventoryFinishedGoods
4454000 usd
CY2023Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
4834000 usd
CY2024Q2 us-gaap Inventory Net
InventoryNet
5787000 usd
CY2024Q2 us-gaap Other Notes Payable
OtherNotesPayable
9947000 usd
CY2023Q4 us-gaap Other Notes Payable
OtherNotesPayable
10461000 usd
CY2024Q2 us-gaap Other Notes Payable Current
OtherNotesPayableCurrent
8882000 usd
CY2023Q4 us-gaap Other Notes Payable Current
OtherNotesPayableCurrent
10196000 usd
CY2024Q2 us-gaap Other Long Term Notes Payable
OtherLongTermNotesPayable
1065000 usd
CY2023Q4 us-gaap Other Long Term Notes Payable
OtherLongTermNotesPayable
265000 usd
CY2021Q3 us-gaap Loans Payable
LoansPayable
500000
CY2021Q3 us-gaap Loans Payable
LoansPayable
155000 usd
CY2021Q3 us-gaap Debt Instrument Term
DebtInstrumentTerm
P5Y
CY2021Q3 us-gaap Debt Instrument Interest Rate Stated Percentage
DebtInstrumentInterestRateStatedPercentage
0.075 pure
CY2024Q2 us-gaap Accounts Payable Trade Current And Noncurrent
AccountsPayableTradeCurrentAndNoncurrent
808000 usd
CY2023Q4 us-gaap Accounts Payable Trade Current And Noncurrent
AccountsPayableTradeCurrentAndNoncurrent
803000 usd
CY2024Q2 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
196000 usd
CY2023Q4 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
182000 usd
CY2024Q2 us-gaap Other Sundry Liabilities
OtherSundryLiabilities
2523000 usd
CY2023Q4 us-gaap Other Sundry Liabilities
OtherSundryLiabilities
2573000 usd
CY2024Q2 us-gaap Other Liabilities
OtherLiabilities
3527000 usd
CY2023Q4 us-gaap Other Liabilities
OtherLiabilities
3558000 usd
CY2024Q2 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
3002000 usd
CY2023Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
3106000 usd
CY2024Q2 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
525000 usd
CY2023Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
452000 usd
CY2023Q4 us-gaap Deferred Income
DeferredIncome
2275000 usd
CY2022Q4 us-gaap Deferred Income
DeferredIncome
1393000 usd
us-gaap Deferred Income Revenue Recognized
DeferredIncomeRevenueRecognized
2124000 usd
CY2023 us-gaap Deferred Income Revenue Recognized
DeferredIncomeRevenueRecognized
945000 usd
us-gaap Deferred Income Addition
DeferredIncomeAddition
2042000 usd
CY2023 us-gaap Deferred Income Addition
DeferredIncomeAddition
1827000 usd
CY2024Q2 us-gaap Deferred Income
DeferredIncome
2193000 usd
CY2023Q4 us-gaap Deferred Income
DeferredIncome
2275000 usd
us-gaap Other Income
OtherIncome
1700000
us-gaap Other Income
OtherIncome
470000 usd
CY2024Q2 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
35000000 shares

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