Odysight.ai reports H1 2024 revenue up 40% to $1.4M; net loss narrows to $5.3M

Odysight.ai Inc.

2024-Q2 EPS reported -$0.51 revenue$1,368,000

Revenue $1.4M (+40% YoY); gross profit $0.3M vs prior year gross loss $0.4M.
Net loss $5.3M improved from $5.6M in H1 2023; operating expenses $6.0M (+9%).
Cash $13.5M at June 30; raised $10.3M in July private placement for growth and Nasdaq uplisting.
Purchase orders from Israel Air Force, Safran, Israel Ministry of Defense, and international defense contractor.
CEO Yehu Ofer cited purchase order momentum; CFO highlighted improved financial performance.

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