earnings
confidence high
sentiment neutral
materiality 0.65
Odysight.ai Q1 revenue jumps to $2.1M from $0.2M; net loss widens to $4.3M
Odysight.ai Inc.
2025-Q1 EPS
reported -$0.29
vs consensus -$0.12
▼ miss
(-136.9%)
- Revenue $2.1M (up 10x YoY) driven by $1.7M fulfillment of Fortune 500 medical contract.
- Net loss $4.3M vs $3.2M; operating expenses $5.1M (up $2M) on expansion and Nasdaq uplisting costs.
- Cash balance $37.2M (vs $17.0M) after Nasdaq uplisting and $23.7M public offering in Feb 2025.
- Backlog $14.8M; commercial wins: Israel Railways partnership and European purchase order for industrial monitoring.
- Gross margin improved to 26% from negative; cost of revenues rose to $1.5M including $0.2M inventory impairment.