secwatch.observer — SEC 8-K summary
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Issuer:     Odysight.ai Inc. (ODYS)
CIK:        0001577445
Form:       8-K
Filed at:   2025-05-15T23:59:59+00:00
Accession:  0001641172-25-010528
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Odysight.ai Q1 revenue jumps to $2.1M from $0.2M; net loss widens to $4.3M
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1577445/000164117225010528/0001641172-25-010528-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1577445/000164117225010528/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001641172-25-010528

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