secwatch.observer — SEC 8-K summary
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Issuer:     Odysight.ai Inc. (ODYS)
CIK:        0001577445
Form:       8-K
Filed at:   2024-11-14T23:59:59+00:00
Accession:  0001493152-24-045380
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Odysight.ai nine-month revenue $2.7M (+145% YoY); backlog record $16M; $10M+ defense contract
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- Revenue $2.7M for 9M 2024 vs $1.1M YoY, driven by higher unit sales to a Fortune 500 healthcare firm and Industry 4.0.
- Gross profit $0.7M vs gross loss of $0.6M YoY; net loss $8.7M flat vs $8.8M.
- Cash balance $21.2M; raised $10.3M in July private placement targeting Nasdaq uplisting.
- Signed $10M+ purchase order with a leading international defense contractor for UAV lines; record backlog ~$16M.
- Purchase orders from NASA, Safran, Israel Air Force (Apache, SH-60 Seahawk), and Israel Ministry of Defense.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1577445/000149315224045380/0001493152-24-045380-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1577445/000149315224045380/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-045380

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