secwatch.observer — SEC 8-K summary
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Issuer:     Odysight.ai Inc. (ODYS)
CIK:        0001577445
Form:       8-K
Filed at:   2024-05-16T23:59:59+00:00
Accession:  0001493152-24-020134
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Odysight.ai Q1 2024 net loss $3.2M; backlog $3.5M; defense orders highlight growth
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- GAAP net loss $3.2M and non-GAAP net loss $2.7M for Q1 2024, compared to $2.7M GAAP loss in Q1 2023.
- Cash and short-term deposits $15.6M as of March 31, 2024; no revenue disclosed.
- Backlog exceeds $3.5M; received >$1M purchase order from international defense contractor for SH-60 Seahawk PdM system.
- Appointment of Einav Brenner as Chief Financial Officer.
- Strategic collaboration with Israeli Ministry of Defense for PdM system on AH-64 Apache attack helicopter prototype.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1577445/000149315224020134/0001493152-24-020134-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1577445/000149315224020134/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-020134

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