Revenues decreased from $81M in 2023 to $73.5M in 2024, a reduction of approximately 9%Gross Profit Stability: gross profit recognized in 2024 was $15.4M vs $15.7M in 2023Reduced Selling, General & Administrative Expense: SG&A was reduced to $19.5 million in 2024 from $23 million in 2023, or a reduction of $3.5M or 15% in 2024.2024 Financial Results For the year ended December 31, 2024, the Company reported consolidated revenue of $73.57 million, compared to $81.19 million in 2023—a year-over-year decrease of $7.6 million.
Important factors that could cause these differences include, but are not limited to: fluctuations in demand for the Company’s products particularly during the current health crisis, the introduction of new products, the Company’s ability to maintain customer and strategic business relationships, the impact of competitive products and pricing, growth in targeted markets, the adequacy of the Company’s liquidity and financial strength to support its growth, the Company’s ability to manage credit and debt structures from vendors, debt holders and secured lenders, the Company’s ability to successfully integrate its acquisitions, and other information that may be detailed from time-to-time in OMNIQ Corp.’s filings with the United States Securities and Exchange Commission.
Stable Profits and Continued Gains in EfficiencySALT LAKE CITY, March 31, 2025 (GLOBE NEWSWIRE) -- OMNIQ Corporation (OTCMKTS: OMQS) ("OMNIQ" or "the Company") reports year-end 2024 revenue of $73.5 million as well as significantly reduced loss from operations.
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