OMNIQ Corp (OMQS)

[MazerR]

The company reduced their workforce by 30%, which should greatly reduce operating expenses on the balance sheet. There may be other changes they made to their organizational structure which reduce operating costs even more, but at this point we don't know.

In today's late filing QUES also mentioned 'significant reduction in the company’s net loss', so the full year will probably have a slight net loss, however what will be interesting is to see how close they come to a profit, and whether sales were impacted at all from these changes. If they reduced operating losses while maintaining/increasing sales, the savings from interest payments made in the future (along with whatever new developments arise) may soon lead QUES to profitability!