Ramat Gan, Israel, March 19, 2026 (GLOBE NEWSWIRE) — Odysight.ai Inc. (NASDAQ: ODYS), a pacesetter in AI-powered visible sensing and predictive upkeep (PdM) answers for the aerospace, protection, and commercial markets, lately broadcasts its complete 12 months 2025 monetary effects and offers a trade replace.
Key Complete 12 months 2025 Highlights:
●Imaginative and prescient-based PdM/CBM platform revenues grew roughly 23% year-over-year, reflecting expanding business adoption throughout aerospace and commercial shoppers. ●Backlog2 of roughly $13.8 million as of December 31, 2025, offering earnings 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 techniques for UAVs underneath a freelance with a Best 25 world protection contractor; Delivered vision-based tracking device for the Heron TP UAV (a strategic asset to the Israeli Ministry of Protection and Air Pressure); Delivered primary milestones underneath the Israeli Air Pressure SH-60 program; Finished a a success era demonstration on an AW139 Leonardo helicopter with the Italian Air Pressure Flight Check Unit; Demonstrated subsequent era of high-temperature optical sensors in aerospace OEM trials in South-East Asia; Won two new pilot orders from a significant protection buyer for struggle helicopter and airborne guns tracking (January 2026); Partnered for its first U.S. flight trying out of our device on UH-60 Helicopter (January 2026). ●Expanded into high-volume commercial markets: Won first business acquire order for 200 commercial predictive tracking techniques for elevator belt tracking from a number one Ecu supplier; Finished a a success proof-of-concept on heavy-duty mine vans with a significant global automobile OEM in South The us; Effectively deployed a number of techniques in operational railway, and complex the Israel Railways AI-powered derailment prevention collaboration. ●Bolstered global presence with new business group in america, new Ecu Union subsidiary and the appointment of a Leader Trade Officer, whilst showcasing our answers with world gamers within the aerospace and protection sectors, in addition to with world infrastructure applied sciences corporations. ●Uplisted to the Nasdaq Capital Marketplace in February 2025 and finished a U.S. underwritten public providing with gross proceeds of roughly $23.7 million; Added to the Russell Microcap Index (July 2025). ●Possible Twin Checklist on TASE: Our Board of Administrators is exploring a possible twin list at the Tel Aviv Inventory Change (“TASE”), which we imagine would extend get right of entry to to Israeli and global traders, supporting our long-term expansion technique.
Yehu Ofer, Leader Government 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.”
Einav Brenner, Leader 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.”
1 Together with money, money equivalents and limited money.2 Backlog is measured and outlined another way by way of corporations inside of our trade. We check with “backlog” as our booked orders in response to acquire orders or not easy commitments however no longer but known as earnings. Backlog isn’t a complete indicator of long term earnings and isn’t a measure of profitability. Orders incorporated in backlog is also cancelled or rescheduled by way of shoppers. Quite a lot of prerequisites, each particular to the person buyer and normally affecting the client’s trade, would possibly reason shoppers to cancel, cut back or extend orders that had been in the past made or expected. Initiatives would possibly stay in backlog for prolonged sessions of time.
Monetary highlights for complete 12 months ended December 31, 2025
Revenues for the 12 months ended December 31, 2025 had been $3.0 million, in comparison to roughly $4.0 million for the 12 months ended December 31, 2024.
Revenues for the 12 months ended December 31, 2025 had been essentially produced from $1.2 million in revenues from our vision-based platform answers for PdM and CBM and $1.7 million from launched contract legal responsibility related to our former Fortune 500 clinical corporate buyer. Revenues for the 12 months ended December 31, 2024 had been essentially produced from $3.0 million in revenues from merchandise bought to the Fortune 500 clinical corporate buyer and $1.0 million in revenues from our vision-based platform answers for PdM and CBM.
Backlog2 used to be roughly $13.8 million as of December 31, 2025.
Price of Revenues used to be $2.1 million for the 12 months ended December 31, 2025, in comparison to $2.8 million for the 12 months ended December 31, 2024. The lower in price of revenues is in line with the lower in revenues.
Gross Benefit used to be $0.9 million for the 12 months ended December 31, 2025, in comparison to gross benefit of $1.2 million for the 12 months ended December 31, 2024, reflecting a gross margin of roughly 29% in each years.
Working bills had been $19.0 million for the 12 months ended December 31, 2025, in comparison to $13.7 million for the 12 months ended December 31, 2024.
The rise in running bills used to be essentially pushed by way of the growth of the Corporate’s operations, together with the maturation of our aerospace product, construction of latest commercial merchandise, enhanced world promoting and advertising actions, together with efforts to penetrate new markets and verticals and build up product visibility, in addition to one-time bills associated with the Corporate’s uplisting to Nasdaq.
Web loss used to be $17 million for the 12 months ended December 31, 2025, in comparison to $11.8 million for the 12 months ended December 31, 2024.
Money Balance1 as of December 31, 2025 used to be roughly $26 million, in comparison to roughly $18.5 million as of December 31, 2024. In February 2025, the Corporate uplisted to the Nasdaq Capital Marketplace and finished 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 Ecu and Israeli subsidiaries, is pioneering the Predictive Repairs (PdM) and Situation Based totally Tracking (CBM) markets with its visualization and AI-powered visible sensing. Offering video sensor-based answers for vital techniques within the aviation, transportation, and effort industries, Odysight.ai leverages confirmed visible applied sciences and merchandise from the clinical trade. Odysight.ai’s distinctive video-based sensors, embedded device, and AI algorithms are being deployed in hard-to-reach places and vicious environments throughout quite a lot of PdM and CBM use instances. Odysight.ai’s platform lets in upkeep and operations groups visibility into spaces which are another way inaccessible all through commonplace operation, or the place the running atmosphere isn’t appropriate for steady real-time tracking.
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Backlog
We provide our result of operations in some way that we imagine would be the maximum significant and helpful to traders, analysts, score businesses and others who use our monetary knowledge to judge our efficiency. Backlog is gifted for supplemental informational functions best, and isn’t meant to be an alternative to any GAAP monetary measures, together with earnings or internet source of revenue (loss), and, as calculated, will not be similar to corporations in different industries or inside of the similar trade with in a similar way titled measures of efficiency. As well as, backlog must no longer be construed as an inference that our long term effects shall be unaffected by way of extraordinary or non-recurring pieces. Subsequently, backlog must be regarded as along with, no longer as an alternative to, or in isolation from, measures ready according to GAAP.
Ahead-Taking a look Statements
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ODYSIGHT.AI INC.
CONSOLIDATED BALANCE SHEETS
December 31, 2025 2024 USD in hundreds Property CURRENT ASSETS: Money and money equivalents 25,677 18,164 Limited money 333 – Limited deposit – 322 Accounts receivable 278 1,510 Stock 50 203 Different recent property 1,164 588 General recent property 27,502 20,787 NON-CURRENT ASSETS: Contract achievement property – 1,017 Belongings and kit, internet 346 407 Working hire right-of-use property 739 1,113 Severance pay asset 296 259 Different non-current property 96 96 General 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 hire liabilities – brief time period 511 539 Gathered repayment bills 1,400 1,124 Comparable events 115 120 Different recent liabilities 327 368 General recent liabilities 2,998 3,295 NON-CURRENT LIABILITIES: Contract liabilities – long run – 1,373 Working hire liabilities – long run 259 508 Legal responsibility for severance pay 296 259 General non-current liabilities 555 2,140 TOTAL LIABILITIES 3,553 5,435 SHAREHOLDERS’ EQUITY: Commonplace inventory, $0.001 par worth; 300,000,000 stocks licensed as of December 31, 2025 and December 31, 2024, 16,357,327 and 12,612,517 stocks issued and remarkable as of December 31, 2025 and December 31, 2024 17 13 Further paid-in capital 88,418 64,205 Amassed 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 hundreds (aside from consistent with proportion knowledge) 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 consistent with proportion (fundamental and diluted, in USD) (1.07) (1.03)Weighted reasonable not unusual stocks (fundamental and diluted, in hundreds) 15,900 11,445
