secwatch.observer — SEC 8-K summary
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Issuer:     Odysight.ai Inc. (ODYS)
CIK:        0001577445
Form:       8-K
Filed at:   2025-03-26T23:59:59+00:00
Accession:  0001641172-25-000679
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Odysight.ai FY 2024 revenue $4M (+31% YoY); backlog jumps >450% to $15M
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- Revenue $4.0M (+31% YoY); gross margin improved to 29% from 17%.
- Backlog ~$15M, up >450%, driven by Aerospace contracts.
- Net loss $11.8M (vs $9.4M) on operating expenses $13.7M.
- Cash $18.5M at Dec 2024; Feb 2025 Nasdaq uplisting raised $23.7M gross.
- Secured agreements with Israeli Air Force, NASA, Israel Railways, and a defense contractor.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1577445/000164117225000679/0001641172-25-000679-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1577445/000164117225000679/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001641172-25-000679

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