Odysight.ai 2023 revenue surges >350% to $3.0M, first gross profit of $0.5M

Odysight.ai Inc.

2023 revenue $3.0M vs $0.7M in 2022, >350% growth.
Gross profit turned positive at $0.5M, compared to $1.0M gross loss in 2022.
First commercial purchase orders for predictive maintenance system in aerospace vertical.
Cash and short-term deposits $17.0M as of December 31, 2023.
R&D $5.6M, S&M $1.1M, G&A $4.4M, each up year-over-year.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Odysight.ai Inc. reported the year ended December 31, 2023 results: revenue $3.0 million.

Period: the year ended December 31, 2023
Revenue: $3.0 million
Result: reported results

Exact text from the filing

Commission. As of December 31, 2023, Odysight.ai had $17.0 million of cash and short-term deposits on its balance sheet. Key highlights: ● The Company reported revenues of $3.0 million in the year ended of December 31, 2023, compared to $0.7 million in year ended on December 31, 2022, an increase of more than 350%. ● The Company achieved a positive gross

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Source: SEC EDGAR

accession 0001493152-24-011403

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