<span item_type="fundamental" item_id="b6ee4e0d712eff7472963070537aef43" counter_id="ST/US/ODYS" env="prod"></span><span item_type="announcement" item_id="648477882441990785" env="prod"></span><p>Revenue: As of FY2026 Q1, the actual value is USD 82 K.</p><p>EPS: As of FY2026 Q1, the actual value is USD -0.32.</p><p>EBIT: As of FY2026 Q1, the actual value is USD -5.338 M.</p><p></p><p>Odysight.ai Inc. operates as a single reportable segment focused on vision-based platform solutions. For the three months ended March 31, 2026, the company reported the following key financial and operational metrics:</p><h4>Revenue</h4><p>Revenue was $82,000, representing a significant 96% decrease compared to $2,065,000 for the same period in 2025. This decline was primarily attributed to the Q1 2025 derecognition of a $1,690,000 contract liability and further decreases in vision-based solutions due to delays from the geopolitical situation with Iran. <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1577445/000149315226023100/form10-q.htm"></span></p><h4>Cost of Revenues</h4><p>Cost of revenues decreased by 96% to $61,000 from $1,527,000 in the prior year period. This reduction was mainly due to the full derecognition of a $957,000 fulfillment asset and a $203,000 inventory impairment in Q1 2025, alongside the overall decrease in revenues. <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1577445/000149315226023100/form10-q.htm"></span></p><h4>Gross Profit</h4><p>Gross profit was $21,000, a 96% decrease from $538,000 in the corresponding period of 2025, driven by the decline in revenues partially offset by lower cost of revenues. <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1577445/000149315226023100/form10-q.htm"></span></p><h4>Operating Expenses</h4><ul><li><strong>Research and Development Expenses</strong>: Increased by 3% to $2,557,000 from $2,487,000 in the prior year. Odysight.ai Inc. anticipates modest growth in these expenses as it continues product development and recruits experts for Industry 4.0 solutions. <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1577445/000149315226023100/form10-q.htm"></span></li><li><strong>Sales and Marketing Expenses</strong>: Rose by 143% to $962,000 from $396,000 in the previous year, reflecting enhanced global selling and marketing activities. The company expects these expenses to continue increasing with expanded global efforts. <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1577445/000149315226023100/form10-q.htm"></span></li><li><strong>General and Administrative Expenses</strong>: Decreased by 17% to $1,840,000 from $2,215,000 in the same period of 2025, primarily due to lower expenses related to fundraising and Nasdaq uplisting activities in Q1 2025, partially offset by an increase in stock-based compensation. <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1577445/000149315226023100/form10-q.htm"></span></li></ul><h4>Operating Loss</h4><p>An operating loss of -$5,338,000 was reported, a 17% increase from -$4,560,000 in the prior year period, mainly due to decreased gross profit and increased research and development, and sales and marketing expenses, partially offset by lower general and administrative expenses. <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1577445/000149315226023100/form10-q.htm"></span></p><h4>Net Loss and Comprehensive Loss</h4><p>The net loss and comprehensive loss for the three months ended March 31, 2026, was -$5,181,000, compared to -$4,265,000 for the same period in 2025. <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1577445/000149315226023100/form10-q.htm"></span></p><h4>Other Segment Items</h4><ul><li><strong>Share-based payments</strong>: $886,000 in 2026 compared to $806,000 in 2025. <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1577445/000149315226023100/form10-q.htm"></span></li><li><strong>Depreciation</strong>: $27,000 in 2026, consistent with $27,000 in 2025. <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1577445/000149315226023100/form10-q.htm"></span></li><li><strong>Finance income, net</strong>: $157,000 in 2026 compared to $295,000 in 2025. <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1577445/000149315226023100/form10-q.htm"></span></li></ul><h4>Cash Flow</h4><ul><li><strong>Net cash flows used in operating activities</strong>: -$4,254,000 for the three months ended March 31, 2026, compared to -$2,233,000 for the same period in 2025. <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1577445/000149315226023100/form10-q.htm"></span></li><li><strong>Net cash flows provided by (used in) investing activities</strong>: -$6,000 for the three months ended March 31, 2026, compared to $283,000 for the same period in 2025. <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1577445/000149315226023100/form10-q.htm"></span></li><li><strong>Net cash flows provided by financing activities</strong>: $32,000 for the three months ended March 31, 2026, compared to $21,022,000 for the same period in 2025. <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1577445/000149315226023100/form10-q.htm"></span></li></ul><h4>Unique Metrics</h4><ul><li><strong>Backlog</strong>: Approximately $14.0 million as of March 31, 2026, an increase from approximately $13.8 million as of December 31, 2025. <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1577445/000149315226023100/form10-q.htm"></span></li><li><strong>Remaining Performance Obligations (RPO)</strong>: Totaled approximately $14 million as of March 31, 2026. <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1577445/000149315226023100/form10-q.htm"></span></li></ul><h4>Future Outlook and Strategy</h4><p>Odysight.ai Inc. anticipates modest growth in research and development expenses as it continues product development for Industry 4.0 solutions, while sales and marketing expenses are also projected to increase due to expanded global efforts. The company believes its current cash and cash equivalents will fund operations for at least the next 12 months, but additional capital may be required for growth or strategic investments, potentially through equity or debt financing. The ongoing conflict in Israel has caused customer order delays but has also increased interest from Israeli government agencies in Odysight.ai Inc.’s technology. <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1577445/000149315226023100/form10-q.htm"></span></p>

Odysight.ai | 10-Q: FY2026 Q1 Revenue: USD 82 K