- OMNIQ Corp (OMQS, Financial) sells U.S.-based legacy assets, eliminating 63% of its debt.
- Transaction generates an estimated $35 million gain in fiscal year 2025.
- Focus shifts to high-margin sectors: AI, computer vision, and smart automation.
OMNIQ Corp (OTCMKTS: OMQS) has completed the sale of its U.S.-based legacy business unit to Summit Junction Holdings LLC, significantly reducing its financial liabilities. This strategic move eliminates approximately 63% of the company's total pre-sale debt, translating to nearly $45 million, and positions OMNIQ for future growth centered around its core high-growth divisions in Smart Automation and AI-driven products.
The divestiture is expected to contribute an estimated $35 million gain in the fiscal year 2025 due to the substantial debt reduction. OMNIQ's remaining business segments, focused on advanced technologies such as AI and computer vision, generated approximately $38.5 million in consolidated revenue for 2024 on a pro forma basis.
OMNIQ's strategic realignment aims to streamline operations, bolster financial health, and concentrate on high-margin, recurring-revenue business lines. By shedding legacy assets, the company enhances its operational efficiency, reduces personnel-related costs, and gains flexibility to invest in innovation and customer service in its specialized technology segments.
CEO Shai Lustgarten emphasized that the sale represents a pivotal transformation for OMNIQ, allowing the company to address previous balance sheet challenges while focusing on technological advancements and sustainable growth opportunities. With a leaner and more agile operational structure, OMNIQ is poised to capitalize on market dynamics and drive shareholder value creation through its strategic investments in AI and smart automation sectors.
