Odysight.ai Inc. (ODYS) Form 8-K — Aug 13, 2026
Odysight.ai reported first-half 2026 revenue of $0.5 million, down sharply from $2.4 million a year earlier, with the decline attributed to the absence of $1.86 million of Q1 2025 revenue from a Fortune 500 medical customer. Net loss widened to $9.5 million from $8.3 million. The company ended June 30, 2026 with approximately $17.6 million in cash and no debt, though cash declined from roughly $25.7 million at year-end 2025. Management expects revenues to be weighted toward the second half of 2026 as existing orders convert into deliveries.
Key figures
- Revenue
- 502000
- Guidance
- Revenues expected to be weighted towards the second half of 2026 as existing orders convert into deliveries; Boeing purchase order revenue to be recognized on program milestones with the majority anticipated within the next twelve months.
- Total Debt
- 0
- Revenue Yoy
- -79% (vs. $2,427 thousand in H1 2025)
- Total Assets
- 21379000
- Cash Position
- 17600000
- Shares Outstanding
- 16806905
- Shareholders equity
- 17392000
- Backlog june 30 2026
- 14100000
- Gross profit h1 2025
- 671000
- Gross profit h1 2026
- 180000
- Backlog as of release date
- 16450000
- Operating expenses h1 2025
- 9700000
- Operating expenses h1 2026
- 10000000
- Prior year revenue h1 2025
- 2427000
- Derecognized contract liability q1 2025
- 1690000
- Q1 2025 one time revenue from fortune 500 medical customer
- 1860000
Price after filing
Close on the filing date to close N calendar days later (from $4.07). Historical, not a forecast.
AI analysis
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