OMNIQ Corp.
For the period ended Jun 30, 2026. Filed Aug 18, 2026.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2026 · Filed Aug 18, 2026
OMQS$0.130.0%Stored close · as of Jun 29, 2026
What changed in Management’s Discussion and Analysis?
Read the current filingPrevious report: 10-Q
Period ended 2026-03-31; filed 2026-05-20.
0001493152-26-024613
ITEM 2. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONSCurrent report: 10-Q
Period ended 2026-06-30; filed 2026-08-18.
0001493152-26-038990
ITEM 2. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONSThe baseline is this issuer’s latest earlier reporting period of the same form that was filed before the current report. A previous 10-Q is a different quarter, not a year-over-year comparison. Amendments are excluded.
Compared 40 previous paragraphs and 55 current paragraphs.
24 unchanged; 15 reworded; 7 added; 1 removed; 0 previous and 9 current paragraphs rearranged.
Tables are not compared: 3 previous and 4 current tables excluded. Dates, whitespace, punctuation and numbering changes are ignored; changes to financial figures remain significant.
A changed paragraph is not evidence that risk increased or decreased. An unchanged paragraph does not establish that risk stayed the same.
Added paragraphs (7)
Current report
Results of Operations – for the 6 months ended
Current report
For the six months ended June 30, 2026, and 2025, the Company generated net revenues in the amount of $15 million and $15.8 million, respectively. The decrease between the six-month periods was attributable to timing of projects by customers. In addition, the strengthening of the Israeli Shekel during the quarter resulted in the decrease in sales to be less in the USD presentation currency.
Current report
Results of Operations – for the 3 months ended
Current report
Revenues
Current report
Cost of Goods Sold
Current report
Operating expenses
Current report
Other income and expenses
Removed paragraphs (1)
Previous report
Results of Operations
Reworded paragraphs (15)
Previous wording
The Company’s sales from operations for the three months ended March 31, 2026, were $7.7 million, a decrease of approximately $299 thousand or 4%, over the three months ended March 31, 2025.
Current wording
The Company’s sales from operations for the six months ended June 30, 2026, were $15 million, a decrease of approximately $727 thousand or 4%, over the six months ended June 30, 2025.
Previous wording
The loss from operations for the three months ended March 31, 2026, was $1.26 million, an increase of $841 thousand compared with the loss in the three months ended March 31, 2025, of $425 thousand. Basic loss per share from continuing operations for the three months ended March 31, 2026, was ($0.13) versus ($0.19) per share for the same period in 2025. Comprehensive loss for the three months ended March 31, 2026 and 2025 was $1.7 million and $1.6 million respectively, the only component to comprehensive loss besides net loss is foreign currency translation.
Current wording
The loss from operations for the six months ended June 30, 2026, was $3.5 million, an increase of $2.4 million compared with the loss in the six months ended June 30, 2025, of $678 thousand. Basic loss per share from continuing operations for the six months ended June 30, 2026, was ($0.16) versus ($0.00) per share for the same period in 2025.
Previous wording
As of March 31, 2026, the Company had cash in the amount of $787 thousand and a working capital deficit of $14.6 million, compared to cash in the amount of $679 thousand, and a working capital deficit of $13.2 million as of December 31, 2025. The Company had stockholders’ deficit attributable to OmniQ stockholders of $14.1 million and $12.7 million as of March 31, 2026, and December 31, 2025, respectively. This increase in our stockholders’ deficit was primarily attributable to net losses.
Current wording
As of June 30, 2026, the Company had cash in the amount of $1.1 million and a working capital deficit of $15.2 million, compared to cash in the amount of $679 thousand, and a working capital deficit of $13.2 million as of December 31, 2025. The Company had stockholders’ deficit attributable to OmniQ stockholders of $14.9 million and $12.7 million as of June 30, 2026, and December 31, 2025, respectively. This increase in our stockholders’ deficit was primarily attributable to net losses.
Previous wording
The Company’s accumulated deficit was $125.7 million and $124 million as of March 31, 2026, and December 31, 2025.
Current wording
The Company’s accumulated deficit was $126.4 million and $124 million as of June 30, 2026, and December 31, 2025.
Previous wording
The Company’s operations provided (used) net cash of $70 thousand and provided $1 million in the three months ended March 31, 2026, and 2025, respectively. The decrease in cash provided in operations of $1 million is due to the decrease in revenue.
Current wording
The Company’s operations provided net cash of $877 thousand and provided $6.1 million in the six months ended June 30, 2026, and 2025, respectively. The decrease in cash provided in operations of $5.2 million is due to the decrease in revenue.
Previous wording
The Company’s cash used in investing activities was $26 thousand for the three months ended March 31, 2026, compared to cash used in investing activities of $31 thousand for the three months ended March 31, 2025.
Current wording
The Company’s cash provided in investing activities was $870 thousand for the six months ended June 30, 2026, compared to cash used in investing activities of $2.5 million for the six months ended June 30, 2025.
Previous wording
The Company’s financing activities used $0.68 million of cash during the three months ended March 31, 2026, and used $1.2 million during the three months ended March 31, 2025.
Current wording
The Company’s financing activities used $2.3 million of cash during the six months ended June 30, 2026, and used $1.7 million during the six months ended June 30, 2025.
Previous wording
Intangible amortization – Intangible amortization expenses for the three months ended March 31, 2026, and 2025 totaled $256 thousand and $232 thousand, respectively. The increase is due to life of intangibles and what is remaining to be amortized.
Current wording
Intangible amortization – Intangible amortization expenses for the six months ended June 30, 2026, and 2025 totaled $513 thousand and $468 thousand, respectively. The increase is due to life of intangibles and what is remaining to be amortized.
Previous wording
For the three months ended March 31, 2026, and 2025, the Company generated net revenues in the amount of $7.7 million and $7.9 million, respectively. The decrease between the three-month periods was attributable to timing of projects by customers.
Current wording
For the three months ended June 30, 2026, and 2025, the Company generated net revenues in the amount of $7.4 million and $7.8 million, respectively. The decrease between the three-month periods was attributable to timing of projects by customers. In addition, the strengthening of the Israeli Shekel during the quarter resulted in the decrease in sales to be less in the USD presentation currency.
Previous wording
For the three months ended March 31, 2026, and 2025, the Company recognized a total of $5.4 million and $5.8 million, respectively, of cost of goods sold. For the three months ended March 31, 2026, and 2025, cost of goods sold were 70% and 73% of net revenues, respectively.
Current wording
For the three months ended June 30, 2026, and 2025, the Company recognized a total of $5.9 million and $5.8 million, respectively, of cost of goods sold. For the six months ended June 30, 2026, and 2025, cost of goods sold were 79% and 75% of net revenues, respectively.
Previous wording
Total operating expenses for the three months ended March 31, 2026, and 2025 recognized was $3.5 million and $2.6 million, respectively, representing a 35% increase. The increase in operating expenses was due primarily to increase costs in selling and general administrative expenses, specifically salaries.
Current wording
Total operating expenses for the three months ended June 30, 2026, and 2025 recognized was $3.7 million and $2.5 million, respectively, representing a 52% increase. The increase in operating expenses was due primarily to increase costs in selling and general administrative expenses, specifically salaries.
Previous wording
Research and Development – Research and development expenses for the three months ended March 31, 2026, and 2025 totaled $478 thousand and $485 thousand, respectively.
Current wording
Research and Development – Research and development expenses for the three months ended June 30, 2026, and 2025 totaled $626 thousand and $556 thousand, respectively.
Previous wording
Selling, general and Administrative – Selling, general and administrative expenses for the three months ended March 31, 2026, and 2025 totaled $2.7 million and $1.9 million, respectively, representing a 48% increase. The increase was due primarily to increased costs for selling and general administrative expenses.
Current wording
Selling, general and Administrative – Selling, general and administrative expenses for the three months ended June 30, 2026, and 2025 totaled $2.8 million and $1.7 million, respectively, representing a 72% increase. The increase was due primarily to increased costs for selling and general administrative expenses.
Previous wording
Depreciation– Depreciation expenses for the three months ended March 31, 2026, and 2025 totaled $16 thousand and $26 thousand, respectively, representing a 38% decrease. The decrease is directly related to the reduction in fixed assets.
Current wording
Depreciation– Depreciation expenses for the three months ended June 30, 2026, and 2025 totaled $15 thousand and $17 thousand, respectively, representing a 12% decrease. The decrease is directly related to the reduction in fixed assets.
Previous wording
Interest Expense – Interest expense for the three months ended March 31, 2026, totaled $306 thousand, as compared to $260 thousand for the three months ended March 31, 2025. The increase is primarily attributable to the line of credit.
Current wording
Interest Expense – Interest expense for the three months ended June 30, 2026, totaled $299 thousand, as compared to $131 thousand for the six months ended June 30, 2025. The increase is primarily attributable to the line of credit.
Rearranged current paragraphs (9)
Current report — wording carried from elsewhere
Comprehensive loss for the six months ended June 30, 2026 and 2025 was $2.5 million and $1.9 million respectively, the only component to comprehensive loss besides net loss is foreign currency translation.
Current report — wording carried from elsewhere
For the six months ended June 30, 2026, and 2025, the Company recognized a total of $11.3 million and $11.6 million, respectively, of cost of goods sold. For the six months ended June 30, 2026, and 2025, cost of goods sold were 75% and 74% of net revenues, respectively.
Current report — wording carried from elsewhere
Total operating expenses for the six months ended June 30, 2026, and 2025 recognized was $7.3 million and $4.8 million, respectively, representing a 50% increase. The increase in operating expenses was due primarily to increase costs in selling and general administrative expenses, specifically salaries.
Current report — wording carried from elsewhere
Research and Development – Research and development expenses for the six months ended June 30, 2026, and 2025 totaled $1.1 million and $969 thousand, respectively.
Current report — wording carried from elsewhere
Selling, general and Administrative – Selling, general and administrative expenses for the six months ended June 30, 2026, and 2025 totaled $5.6 million and $3.4 million, respectively, representing a 66% increase. The increase was due primarily to increased costs for selling and general administrative expenses.
Current report — wording carried from elsewhere
Depreciation– Depreciation expenses for the six months ended June 30, 2026, and 2025 totaled $31 thousand and $36 thousand, respectively, representing a 14% decrease. The decrease is directly related to the reduction in fixed assets.
Current report — wording carried from elsewhere
Interest Expense – Interest expense for the six months ended June 30, 2026, totaled $605 thousand, as compared to $403 thousand for the six months ended June 30, 2025. The increase is primarily attributable to the line of credit.
Current report — wording carried from elsewhere
The following tables set forth certain selected unaudited condensed consolidated statements of operations data for the periods indicated in dollars. In addition, we note that the period-to-period comparison may not be indicative of future performance.
Current report — wording carried from elsewhere
Intangible amortization – Intangible amortization expenses for three six months ended June 30, 2026, and 2025 totaled $257 thousand and $237 thousand, respectively. The increase is due to life of intangibles and what is remaining to be amortized.