Replies to post #3604 on OMNIQ Corp (OMQS)

[goforthebet]

I agree 100% looking at the developments

Highlights

Revenues for Q3 2017 of $12.96 million declined slightly from $13.56 for Q3 2016

Improved gross margin of 21.8% for the quarter ended September 30, 2017, compared to 19.6% in Q3-2016

Salary and employee benefits Operating expenses includes $416,548 of non-cash stock based compensation

Total operating expenses decreased 8.6% to $9.1 million for the first nine months ended September 30, 2017 compared to $10 million in the prior year period

Substantial reduction of net loss from continuing operations to $0.9 million for the three months ended, an improvement of $1.6 million compared to the prior year period

$4.6 million reduction in current portion of notes payable
Management focuses on turnaround plan aiming to strengthen the financial structure and turn to profitability