OMNIQ Corp. Files 10-Q for Q2 2025
Ticker: OMQS · Form: 10-Q · Filed: Aug 19, 2025 · CIK: 278165
Sentiment: neutral
Topics: 10-Q, financials, reporting
TL;DR
OMNIQ Corp. 10-Q filed for Q2 2025. Financials updated.
AI Summary
OMNIQ Corp. filed its 10-Q for the period ending June 30, 2025, reporting on its financial performance. The company, formerly known as Quest Solution, Inc., is based in Salt Lake City, UT, and operates in computer-integrated systems design. This filing provides updated financial data and disclosures for the second quarter of 2025.
Why It Matters
This 10-Q filing provides investors and analysts with the latest financial performance data for OMNIQ Corp., crucial for understanding the company's current health and future prospects.
Risk Assessment
Risk Level: medium — The filing is a standard 10-Q, but the company's history of name changes and its industry can present inherent risks.
Key Numbers
- 20250630 — Period End Date (The 10-Q covers financial information up to this date.)
- 20250819 — Filing Date (The date the 10-Q was officially submitted to the SEC.)
Key Players & Entities
- OMNIQ Corp. (company) — Filer of the 10-Q
- Quest Solution, Inc. (company) — Former name of OMNIQ Corp.
- Salt Lake City, UT (location) — Business and mail address location
- 20250630 (date) — Period of report for the 10-Q
- 20250819 (date) — Filing date of the 10-Q
FAQ
What is the primary business of OMNIQ Corp.?
OMNIQ Corp. is engaged in SERVICES-COMPUTER INTEGRATED SYSTEMS DESIGN, with SIC code 7373.
What was OMNIQ Corp. previously named?
OMNIQ Corp. was formerly known as Quest Solution, Inc., with previous name changes including AMERIGO ENERGY, INC. and STRATEGIC GAMING INVESTMENTS, INC.
What is the fiscal year end for OMNIQ Corp.?
The fiscal year end for OMNIQ Corp. is December 31 (1231).
What is the SEC file number for OMNIQ Corp.?
The SEC file number for OMNIQ Corp. is 001-40768.
What period does this 10-Q filing cover?
This 10-Q filing covers the period ending June 30, 2025 (20250630).
Filing Stats: 4,914 words · 20 min read · ~16 pages · Grade level 12.5 · Accepted 2025-08-19 17:29:47
Key Financial Figures
- $0.001 — nge on which registered Common Stock, $0.001 par value OMQS OTCMKTS Indicate b
- $1.00 — quidation value and conversion price of $1.00 per share ($20.00 per 20 shares of pref
- $20.00 — nd conversion price of $1.00 per share ($20.00 per 20 shares of preferred stock which
- $30 — y's common stock has a closing price of $30 per share for 20 consecutive trading da
Filing Documents
- form10-q.htm (10-Q) — 986KB
- ex31-1.htm (EX-31.1) — 18KB
- ex31-2.htm (EX-31.2) — 18KB
- ex32-1.htm (EX-32.1) — 7KB
- 0001641172-25-024877.txt ( ) — 4375KB
- omqs-20250630.xsd (EX-101.SCH) — 32KB
- omqs-20250630_cal.xml (EX-101.CAL) — 64KB
- omqs-20250630_def.xml (EX-101.DEF) — 137KB
- omqs-20250630_lab.xml (EX-101.LAB) — 292KB
- omqs-20250630_pre.xml (EX-101.PRE) — 228KB
- form10-q_htm.xml (XML) — 472KB
- FINANCIAL INFORMATION
PART I - FINANCIAL INFORMATION F-1
FINANCIAL STATEMENTS
ITEM 1. FINANCIAL STATEMENTS F-1 UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS AT JUNE 30, 2025 AND DECEMBER 31, 2024 F-1 UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS FOR THE THREE AND SIX MONTHS ENDED JUNE 30, 2025, AND 2024 F-2 UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY (DEFICIT) FOR THE THREE AND SIX MONTHS ENDED JUNE 30, 2025 AND 2024 F-3 UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS FOR THE SIX MONTHS ENDED JUNE 30, 2025, AND 2024 F-4 NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS F-5
MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS
ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS 3
QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK
ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK 6
CONTROLS AND PROCEDURES
ITEM 4. CONTROLS AND PROCEDURES 6
- OTHER INFORMATION
PART II - OTHER INFORMATION 7
LEGAL PROCEEDINGS
ITEM 1. LEGAL PROCEEDINGS. 7
RISK FACTORS
ITEM 1A. RISK FACTORS. 7
UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS
ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS. 7
DEFAULTS UPON SENIOR SECURITIES
ITEM 3. DEFAULTS UPON SENIOR SECURITIES. 7
MINE SAFETY DISCLOSURES
ITEM 4. MINE SAFETY DISCLOSURES. 7
OTHER INFORMATION
ITEM 5. OTHER INFORMATION. 7
EXHIBITS
ITEM 6. EXHIBITS. 8
SIGNATURES
SIGNATURES 9 2 PART I - FINANCIAL INFORMATION ITEM 1. FINANCIAL STATEMENTS OMNIQ CORP. CONDENSED CONSOLIDATED BALANCE SHEETS (In thousands, except share and per share data) As of June 30, 2025 December 31, 2024 ( UNAUDITED ) ASSETS Current assets Cash and cash equivalents $ 2,209 $ 2,349 Accounts receivable, net 9,807 20,945 Inventory, net 3,005 7,405 Prepaid expenses 375 1,085 Prepaid expenses, related party 200 - Prepaid expenses 200 - Other current assets 34 96 Total current assets 15,630 31,880 Property and equipment, net of accumulated depreciation 696 721 Goodwill 3,156 2,918 Trade name, net of accumulated amortization 1,185 1,187 Customer relationships, net of accumulated amortization 2,968 3,115 Other intangibles, net of accumulated amortization 375 410 Right of use lease asset 410 1,076 Other assets 2,360 2,282 Total Assets $ 26,780 $ 43,589 LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT) Current liabilities Accounts payable and accrued liabilities $ 12,642 $ 66,097 Line of credit 1,615 535 Accrued payroll and sales tax 3,644 2,903 Notes payable – current portion 6,932 8,512 Lease liability – current portion 290 701 Other current liabilities 1,394 7,575 Total current liabilities 26,517 86,323 Long-term liabilities Accrued interest and accrued liabilities, related party ( 13 ) 73 Notes payable, less current portion 410 234 Related party notes payable 10,000 - Notes payable 10,000 - Lease liability 103 353 Other long term liabilities 737 494 Total liabilities 37,754 87,477 Stockholders' equity (deficit) Series A Preferred stock; $ 0.001 par value; 2,000,000 shares designated, 0 shares issued and outstanding - - Series B Preferred stock; $ 0.001 par value; 1 share designated, 0 shares issued and outstanding - - Series C Preferred stock; $ 0.001 par value; 3,000,000 shares designated, 502,000 shares is