Moran Pober's questions to Omniq Corp (OMQS) leadership • Q1 2024
Question
Moran Pober asked about OMNIQ's forward-looking strategy for achieving profitability, the drivers behind the significant increase in gross margin, and the strategic importance of the Fintech business segment as a growth engine.
Answer
Executive Shai Lustgarten explained that the company's primary focus is achieving profitability through continued revenue growth and cost reductions. He attributed the higher gross margin to an improved product mix favoring high-margin AI solutions and successful cost-cutting in COGS. Lustgarten emphasized that Fintech is a key growth engine, leveraging existing Fortune 100 customer relationships and providing valuable data for developing next-generation products.