---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-24-011403"
form_type: "8-K"
ticker: "ODYS"
cik: "0001577445"
company_name: "Odysight.ai Inc."
filed_at: "2024-03-27T23:59:59+00:00"
generated_at: "2026-06-04T07:09:11.045194+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001493152-24-011403
- form_type: 8-K
- ticker: ODYS
- cik: 0001577445
- company_name: Odysight.ai Inc.
- filed_at: 2024-03-27T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1577445/000149315224011403/0001493152-24-011403-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1577445/000149315224011403/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-24-011403
- JSON: https://secwatch.observer/filing/0001493152-24-011403.json
- Plain text: https://secwatch.observer/filing/0001493152-24-011403.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1577445/000149315224011403/0001493152-24-011403-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.