Omniq touches near two-week low after posting bigger loss in Q2

Omniq

15/08/2022 18:59

** Shares of IT services co Omniq Corp  OMQS.O  plunge 8.3%
at $7.88
    ** Stock touches lowest in nearly two weeks
    ** Co reports Q2 net loss of $3.3 mln vs $2.5 mln loss a
year earlier  urn:newsml:reuters.com:*:nGNX6qBn2s
    ** Revenue jumped 85% in the qtr, but a 57% jump in
operating expenses weighed, OMQS says
    ** Stock has gained 29% YTD

 (Reporting by Niket Nishant in Bengaluru)
 ((Niket.Nishant@thomsonreuters.com))