OMNIQ Corp. (NASDAQ:OMQS) Q3 2023 Earnings Call Transcript

Richard Molinsky: Yeah. Maybe exercise. Teriffic. I appreciate it. I know you’re going to turn it around, and it seems like going forward, we’re going to see it. Thank you so much.

Shai Lustgarten: Thank you very much. Thank you, Richard, I appreciate your support.

Operator: Thank you. And there were no other questions in queue at this time. I would now like to hand the call back to Shai Lustgarten for closing remarks.

Shai Lustgarten: Thank you, operator. Again, I would like to thank all of our employees. I’d like to thank our vendors, partners and of course, the investors and your support. We are devoted in executing our objectives of focusing on our AI footprint, which we’re seeing increase sales year-over-year, quarter-over-quarter, we’re selling more. We’re seeing more demand for AI products, which brings with it the significant higher margins. We are focused on our core business, which suffered in Q2 and Q3 and brought down the revenue, but we’re seeing the increase in Q4 already, and we’re not worried on our mid and long-term objectives. And we are, of course, focused on the objective of getting into profitability very, very soon. This is as we declared starting January 2023.

This is an objective of the company regardless of any other situation. And that is something that we are working diligently on every day altogether, this is going to make OMNIQ only turn it around, but make OMNIQ an amazing, great company for everyone to look at and interest. So I thank everyone for your support and looking forward to talk to everyone in the next — on our next call. Thank you.

Operator: Thank you. This does conclude today’s conference. You may disconnect your lines at this time. Thank you for your participation.