Ramat Gan, Israel, March 19, 2026 (GLOBE NEWSWIRE) — Odysight.ai Inc. (NASDAQ: ODYS), a frontrunner in AI-powered visible sensing and predictive upkeep (PdM) options for the aerospace, protection, and industrial markets, at the moment publicizes its full yr 2025 monetary outcomes and gives a enterprise replace.
Key Full 12 months 2025 Highlights:
●Imaginative and prescient-based PdM/CBM platform revenues grew roughly 23% year-over-year, reflecting rising industrial adoption throughout aerospace and industrial prospects. ●Backlog2 of roughly $13.8 million as of December 31, 2025, offering income visibility into 2026 and the next years. Monetization of backlog commenced in 2025. ●Money balance1 of roughly $26 million as of December 31, 2025, no debt. ●Vital aerospace and protection milestones: Delivered our first programs for UAVs beneath a contract with a High 25 international protection contractor; Delivered vision-based monitoring system for the Heron TP UAV (a strategic asset to the Israeli Ministry of Protection and Air Drive); Delivered main milestones beneath the Israeli Air Drive SH-60 program; Accomplished a profitable expertise demonstration on an AW139 Leonardo helicopter with the Italian Air Drive Flight Check Unit; Demonstrated subsequent era of high-temperature optical sensors in aerospace OEM trials in South-East Asia; Obtained two new pilot orders from a significant protection buyer for fight helicopter and airborne weapons monitoring (January 2026); Partnered for its first U.S. flight testing of our system on UH-60 Helicopter (January 2026). ●Expanded into high-volume industrial markets: Obtained first industrial buy order for 200 industrial predictive monitoring programs for elevator belt monitoring from a number one European supplier; Accomplished a profitable proof-of-concept on heavy-duty mine vans with a significant worldwide automotive OEM in South America; Efficiently deployed a number of programs in operational railway, and superior the Israel Railways AI-powered derailment prevention collaboration. ●Strengthened worldwide presence with new industrial crew in the US, new European Union subsidiary and the appointment of a Chief Enterprise Officer, whereas showcasing our options with international gamers within the aerospace and protection sectors, in addition to with international infrastructure applied sciences corporations. ●Uplisted to the Nasdaq Capital Market in February 2025 and accomplished a U.S. underwritten public providing with gross proceeds of roughly $23.7 million; Added to the Russell Microcap Index (July 2025). ●Potential Twin Itemizing on TASE: Our Board of Administrators is exploring a possible twin itemizing on the Tel Aviv Inventory Change (“TASE”), which we consider would develop entry to Israeli and worldwide traders, supporting our long-term development technique.
Yehu Ofer, Chief Govt Officer of Odysight.ai commented: “2025 was a transformative year for Odysight.ai. We successfully transitioned from our legacy medical business and are now fully focused on the high-value aerospace, defense, and industrial sectors where our AI-powered visual sensing technology delivers the greatest impact.
Our technology is now deployed, or under evaluation, on combat helicopters, strategic UAV platforms, NASA space vehicles, railway infrastructure, elevator systems, and heavy-duty mining vehicles, demonstrating the versatility of our platform across some of the world’s most demanding environments. With our expanding U.S. and EU teams, we believe we are well positioned to accelerate commercialization and scale our global operations.”
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Einav Brenner, Chief Monetary Officer of Odysight.ai added: “Our full year 2025 results reflect a period of investment in our growth. While total revenues of $3.0 million including $1.7 million from the wind-down of our legacy Fortune 500 medical contract, our core PdM and CBM platform revenues grew approximately 23% year-over-year, focused on the defense and aerospace sectors. We believe this more accurately reflects our underlying commercial momentum. Looking ahead, we expect to continue monetizing our $13.8 million backlog beginning in 2026 and continuing in subsequent years, while actively pursuing additional contracts that will meaningfully expand our order book.
The increase in operating expenses to $19.0 million reflects our strategic decision to consistently invest in product development, global market expansion, and the infrastructure required to support our substantial backlog delivery. This includes the maturation of our aerospace product portfolio, establishing new international presences in major markets, and incurring one-time costs associated with our Nasdaq uplisting.
We ended the year with approximately $26.0 million in cash and no debt, providing a strong foundation to support our ongoing deployments, while pursuing new opportunities. The potential dual listing on TASE, which our Board is now exploring, is expected to further diversify and increase exposure to the Israeli and broader international investor community.”
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1 Together with money, money equivalents and restricted money.2 Backlog is measured and outlined in another way by corporations inside our business. We consult with “backlog” as our booked orders based mostly on buy orders or onerous commitments however not but acknowledged as income. Backlog just isn’t a complete indicator of future income and isn’t a measure of profitability. Orders included in backlog could also be cancelled or rescheduled by prospects. Quite a lot of situations, each particular to the person buyer and customarily affecting the client’s business, might trigger prospects to cancel, scale back or delay orders that had been beforehand made or anticipated. Tasks might stay in backlog for prolonged durations of time.
Monetary highlights for full yr ended December 31, 2025
Revenues for the yr ended December 31, 2025 had been $3.0 million, in comparison with roughly $4.0 million for the yr ended December 31, 2024.
Revenues for the yr ended December 31, 2025 had been primarily comprised of $1.2 million in revenues from our vision-based platform options for PdM and CBM and $1.7 million from launched contract legal responsibility related to our former Fortune 500 medical firm buyer. Revenues for the yr ended December 31, 2024 had been primarily comprised of $3.0 million in revenues from merchandise offered to the Fortune 500 medical firm buyer and $1.0 million in revenues from our vision-based platform options for PdM and CBM.
Backlog2 was roughly $13.8 million as of December 31, 2025.
Value of Revenues was $2.1 million for the yr ended December 31, 2025, in comparison with $2.8 million for the yr ended December 31, 2024. The lower in value of revenues is in line with the lower in revenues.
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Gross Revenue was $0.9 million for the yr ended December 31, 2025, in comparison with gross revenue of $1.2 million for the yr ended December 31, 2024, reflecting a gross margin of roughly 29% in each years.
Working bills had been $19.0 million for the yr ended December 31, 2025, in comparison with $13.7 million for the yr ended December 31, 2024.
The rise in working bills was primarily pushed by the enlargement of the Firm’s operations, together with the maturation of our aerospace product, improvement of latest industrial merchandise, enhanced international promoting and advertising and marketing actions, together with efforts to penetrate new markets and verticals and enhance product visibility, in addition to one-time bills associated to the Firm’s uplisting to Nasdaq.
Web loss was $17 million for the yr ended December 31, 2025, in comparison with $11.8 million for the yr ended December 31, 2024.
Money Balance1 as of December 31, 2025 was roughly $26 million, in comparison with roughly $18.5 million as of December 31, 2024. In February 2025, the Firm uplisted to the Nasdaq Capital Market and accomplished a U.S. underwritten public providing with gross proceeds of roughly $23.7 million.
About Odysight.ai
Odysight.ai, integrated in Nevada U.S., with European and Israeli subsidiaries, is pioneering the Predictive Upkeep (PdM) and Situation Primarily based Monitoring (CBM) markets with its visualization and AI-powered visible sensing. Offering video sensor-based options for essential programs within the aviation, transportation, and power industries, Odysight.ai leverages confirmed visible applied sciences and merchandise from the medical business. Odysight.ai’s distinctive video-based sensors, embedded software program, and AI algorithms are being deployed in hard-to-reach places and harsh environments throughout a wide range of PdM and CBM use circumstances. Odysight.ai’s platform permits upkeep and operations groups visibility into areas which can be in any other case inaccessible throughout regular operation, or the place the working atmosphere just isn’t appropriate for steady real-time monitoring.
We routinely put up info which may be necessary to traders within the Traders part of our web site. For extra info, please go to: http://www.odysight.ai or observe us on X (previously Twitter) , LinkedIn and YouTube.
Backlog
We current our outcomes of operations in a manner that we consider would be the most significant and helpful to traders, analysts, ranking businesses and others who use our monetary info to guage our efficiency. Backlog is introduced for supplemental informational functions solely, and isn’t meant to be an alternative choice to any GAAP monetary measures, together with income or web earnings (loss), and, as calculated, is probably not akin to corporations in different industries or inside the similar business with equally titled measures of efficiency. As well as, backlog shouldn’t be construed as an inference that our future outcomes shall be unaffected by uncommon or non-recurring objects. Subsequently, backlog ought to be thought-about along with, not as an alternative choice to, or in isolation from, measures ready in accordance with GAAP.
Ahead-Wanting Statements
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(Tables to observe)
ODYSIGHT.AI INC.
CONSOLIDATED BALANCE SHEETS
December 31, 2025 2024 USD in 1000’s Property CURRENT ASSETS: Money and money equivalents 25,677 18,164 Restricted money 333 – Restricted deposit – 322 Accounts receivable 278 1,510 Stock 50 203 Different present property 1,164 588 Complete present property 27,502 20,787 NON-CURRENT ASSETS: Contract achievement property – 1,017 Property and gear, web 346 407 Working lease right-of-use property 739 1,113 Severance pay asset 296 259 Different non-current property 96 96 Complete non-current property 1,477 2,892 TOTAL ASSETS 28,979 23,679 Liabilities and shareholders’ fairness CURRENT LIABILITIES: Accounts payable 480 442 Contract liabilities – brief time period 165 702 Working lease liabilities – brief time period 511 539 Accrued compensation bills 1,400 1,124 Associated events 115 120 Different present liabilities 327 368 Complete present liabilities 2,998 3,295 NON-CURRENT LIABILITIES: Contract liabilities – long run – 1,373 Working lease liabilities – long run 259 508 Legal responsibility for severance pay 296 259 Complete non-current liabilities 555 2,140 TOTAL LIABILITIES 3,553 5,435 SHAREHOLDERS’ EQUITY: Frequent inventory, $0.001 par worth; 300,000,000 shares approved as of December 31, 2025 and December 31, 2024, 16,357,327 and 12,612,517 shares issued and excellent as of December 31, 2025 and December 31, 2024 17 13 Further paid-in capital 88,418 64,205 Accrued deficit (63,009) (45,974)TOTAL SHAREHOLDERS’ EQUITY 25,426 18,244 TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY 28,979 23,679
ODYSIGHT.AI INC.
CONSOLIDATED STATEMENTS OF OPERATIONS
12 months ended December 31, 2025 2024 USD in 1000’s (besides per share information) REVENUES 3,015 3,964 COST OF REVENUES 2,144 2,807 GROSS PROFIT 871 1,157 RESEARCH AND DEVELOPMENT EXPENSES 9,639 6,884 SALES AND MARKETING EXPENSES 2,327 1,218 GENERAL AND ADMINISTRATIVE EXPENSES 7,040 5,562 OPERATING LOSS (18,135) (12,507)FINANCING INCOME, NET 1,100 740 NET LOSS (17,035) (11,767)Web loss per share (fundamental and diluted, in USD) (1.07) (1.03)Weighted common frequent shares (fundamental and diluted, in 1000’s) 15,900 11,445
