Core Insights - Odysight.ai Inc. has reported financial results for the nine months ending September 30, 2025, indicating a transformative phase with a focus on growth and market adoption of its visual sensing and AI analytics technologies [1][3]. Financial Performance - Revenues for the first nine months of 2025 were approximately $2.6 million, a slight decrease from $2.7 million in the same period of 2024 [7][8]. - The cash balance as of September 30, 2025, was approximately $29.8 million, significantly up from $13.6 million a year earlier [12]. - The backlog stood at approximately $14.2 million as of September 30, 2025, with monetization expected to continue through 2026 and beyond [2][9]. Business Developments - The company has successfully transitioned from the medical device market to aerospace, transportation, and industrial sectors, with commercial aerospace revenues booked in 2025 [4]. - Key achievements include the first operational footprint in Europe with the Italian Air Force and the delivery of a vision-based monitoring system for the Heron TP UAV [4]. - Odysight.ai has signed a strategic partnership to integrate its predictive health monitoring system across various sectors, including defense and heavy vehicles [4]. Operational Highlights - The gross profit for the nine months ended September 30, 2025, was $0.7 million, reflecting a gross margin of approximately 27%, compared to a gross margin of 26% in the previous year [10]. - Operating expenses increased to $14.4 million, up from $9.4 million in the same period of 2024, primarily due to expansion efforts and marketing activities [11]. - The net loss for the nine months was $12.8 million, compared to a net loss of $8.2 million in the prior year [12].

Core Insights - Odysight.ai Inc. reported financial results for the first half of 2025, showing significant revenue growth and strategic advancements in partnerships and technology deployment [1][4][3]. Financial Performance - Revenues for the six months ended June 30, 2025, were approximately $2.4 million, an increase from $1.4 million for the same period in 2024, primarily due to a $1.7 million contract with a Fortune 500 medical company [4]. - The cost of revenues increased to $1.8 million from $1.1 million, attributed to the same Fortune 500 contract and inventory impairment [5]. - Gross profit was $0.7 million with a gross margin of approximately 28%, compared to a gross profit of $0.3 million and a margin of 21% in the previous year [6]. - Operating expenses rose to $9.7 million from $6.0 million, driven by operational expansion and one-time uplisting expenses, resulting in a net loss of $8.3 million compared to $5.3 million in the prior year [9]. - As of June 30, 2025, the company had a net cash position of approximately $33.2 million, significantly up from $13.6 million a year earlier [10]. Strategic Developments - The company deepened partnerships with tier-one customers and advanced its predictive maintenance system, particularly in the aerospace and defense sectors [3]. - Notable achievements include the deployment of its system on the Heron TP UAV for the Israeli Ministry of Defense and a strategic partnership with a multinational technology group [7]. - The backlog as of June 30, 2025, was approximately $14.4 million, indicating strong future revenue potential [4][8]. Market Position and Future Outlook - Odysight.ai is positioned as a leader in the predictive maintenance and condition-based monitoring markets, leveraging its unique video sensor-based solutions across various industries [13]. - The company aims to expand its technology applications beyond aviation, with ongoing collaborations in defense, mining, agriculture, and transportation sectors [3][7].