secwatch.observer — SEC 8-K summary
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Issuer:     Odysight.ai Inc. (ODYS)
CIK:        0001577445
Form:       8-K
Filed at:   2024-03-27T23:59:59+00:00
Accession:  0001493152-24-011403
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1577445/000149315224011403/0001493152-24-011403-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1577445/000149315224011403/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-011403

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer