everyone. OMNIQ discuss for you we've continued growth I'm positioning I and us success. today strategic joining initiatives to the made, Thank Ali, to share you, how and OMNIQ's are we welcome, results. quarter progress third appreciate excited the we're implementing and
looking us, I'm to Your important forward discussing support the and are interest with and to details you. extremely
started. get Let's
patented tomorrow. facing and our competitive advancements In We and creating practical solutions problems to believe OMNIQ, partnerships. the In focused to enhancing our and we strategic market our offer applications this remain technological customers today are everyday can in problems. through partnerships. our through expanding this on through we do proactive of way, solutions this presence workflows customized environment, we automation through network both At AI-based and
and core While integrity upholding values of innovation. the
I'm direction. we've third proud busy vision, highlight strategic achievements had to share a that this key quarter. from the very several and quarter with alignment In progress our
by for win facial recognition use First, to already machine today we and XXXX solution and expect large were This in They project, is vision projects selected deployed our active we some NEC. in at checkpoints. combined an going new critical forward. proprietary technology
attracts comparing technology in security images major and bias by markets prescreening in homeland without revolutionary interest creating those transportation way national Our to a of defense, the images databases. passengers vehicle drivers cars than facial the capturing and by of
time. our used as capture is passenger the information and to real technology officers unique is the driver in that proactively That we is about the as site, in back What alert can well all seat on seats. in faces
The deployed our that X Next, we've so and short-term in upgrade in much parking more. levels allows can we of us different this active new create access successfully, to access. control technology We've between centers medical differentiate advanced deployments. parking, staff
This that for of require officer is doesn't will it check a customers very solution manually to need because enforcement parking many our an tags. practical
version in is now and solution launched other the sold This in States points of to actively XXXX. developing last international of fintech advances we and acquisition software that practical more a solution with in implement is CodeBlocks, our to network. discussed has quarter, made which and in sale retail being we're industries. we've partnership markets, the in the many at United developed Next, payment be easy
our growing we recurring business market, this to leading with such These companies and a through SHVA. Ingenico and we've a enhance -- our to rapidly Fintech revenue our strategic and to allow us secured globally continue As expect capabilities. line. is recognized as result, footprint continue agreements to partnerships further enhance grow
existing solutions customers. are to them us will growth business. and orders $X.X our practical for recently orders for again positive purchase again is trust see $X between received is development We've million, bring It our our IoT and to that large to these new their Another customers million streamline in upgraded that several continue technology operations.
new customers. We intend well these continue relationships to developing as as long-term strong bring
discuss and market will conditions economic we trends. Next,
chain hardware and started have stability. OMNIQ and high-cost to conditions minimize previous margin Following to risks, diversified has sources greater stabilize disruptions supply ensuring future its
safety and solutions. AI trends, increasingly grow City market projected AI-driven see private and companies governments City chain Regarding we markets. core and to invest as automation, growth supply Smart markets as enhanced in OMNIQ's Smart security and such projects are public in solutions
position security. Particularly Since factors. capture tends in sectors, Smart clients. automation Public during vision as stable as substantially, demand by security globally, traffic particularly steady global geopolitical is example, it consider in health and and for safety municipalities for practical or to such recognition needs. management even well health important and resilient market, of care increased and we is care downturns. economic City from driven sectors health are or relatively are and AI government investment OMNIQ demand. share seek technologies expected to and impact as market grow The to remain safety increased OMNIQ's care expanding that vehicle it machine urbanization essential public solutions services experienced OMNIQ's growing operates that the solutions these
the other inventory outside international has chain. in and markets instability to sources inelastic due impacted diversified to operating using our in date, mitigate inflation not To supply factors been business in by negatively part or
the third Now the results let's XXXX, the to quarter compared which showcased significant last period for financial year. discuss same progress
quarter, year-over-year. is the to pleased was $XX.X approximately announce X.X% revenue quarter million in million $XX.X of third our increase represents which I'm from XXXX. This this increase an First, a
$X.X significantly decreased the This a same approximately XXXX. XXXX. in Next, from is our operating for million of million period decrease XX% have in the quarter to $X.X third expenses
compared loss quarter a to third same SG&A Next, expenses were net the quarter in by quarter net of in our this XXXX. million down loss XXXX. the XX%. reported to $X.X $X.X decreased was SG&A, OMNIQ approximately million million of loss approximately $X.X of XX%. net expenses a in million of compared $X.X third period the SG&A
million is $X.X in the in in to of cash, of from put $X.XX $XXX,XXX. $X cash an improvement related XX, plan place are reduction XXXX, of reduction net Net management. generated X from by a slightly decreases This we XXXX period decreased the ended our September months of profits, XXXX. cost Gross million QX reflecting gross profit QX in million a use same slight in to X.XX%. net XXXX, the The
we our $X.XX in The per of share to enhance our highlights earnings share. and hard Lastly, plan results These from costs testament and a Basic initiatives implemented. strategic financial the QX shareholder loss improved team's to negative work to negative per QX value. in reflect a reduce $X.XX are XXXX have XXXX. strategic
move our on reach. our broadening a deepening our We're as with strategy in existing business models focused key expansion our through solutions. and customers while As remains this relationships initiatives forward, basis simultaneously to SaaS leverage strength doing our several AI-driven that we our market fintech
our discuss strategy. let's forward-looking Now
that we're on success. revenue high-margin and us streams position forward, focused moves resilient recurring building OMNIQ As for
SaaS demand Our already our shift growing marketing commitment advanced with rate service an a to for areas practical adoption and to It impressive we're in isn't solutions seeing offerings just emphasize is among and sales where strengthened a lead customers. pivot. structural approach, is rapidly a targeted
and high-growth health We safety, city including public sectors, are positioned smart in logistics care. strategically infrastructure,
and forming pathways with These areas, in each creating scalable not excellence, opening expanding perfectly sustainable recognition, aligned deployment, we're and -- By reducing which strengths. and efficiencies substantial market also demand partnerships brand OMNIQ's only sector, costs targeted upfront growth. within innovation penetration but operational for both increasing
operational growth. expand Our balanced, with our intentional our organic OMNIQ's approach with strengthen and ability amplify objectives, align investments is acquisitions to to growth core sustainable ultimately to our growth capacity meaningful, all combining that strategic generate capabilities, and
efforts, positioning foundation the Through in we're OMNIQ a for our these building markets long-term shareholder transformative value powerful as leader serve. we and
product extending SaaS to we positive existing footprint business model substantial momentum industry. and value leader to As the vision sustaining all solidifying lines, delivering our solutions to while expanding of by and remain our we position customers, our our OMNIQ's as in products and on move comprehensive shareholders, forward, technology offer customers AI our a our focused fintech integrated
and you your support for Thank continued trust.
go back for Now the let's to questions. moderator