Odysight.ai Inc. 8K

Odysight.ai Inc. released first-half 2026 results showing lower revenues but growing backlog, solid cash with no debt, and multiple new aerospace and defense contracts and collaborations, including first orders from Boeing and Honeywell and a CRADA with the U.S. Navy.

Odysight.ai Inc. reported its financial results for the first half of 2026, highlighting revenues of $0.5 million (down from $2.4 million in the prior-year period), a net loss of approximately $9.5 million, and a cash balance of about $17.6 million with no debt, while backlog increased to $16.45 million as of the release date. The company emphasized several key commercial developments, including its first direct purchase order from Boeing to demonstrate its AI-powered predictive maintenance solution at two Boeing sites, a purchase order from Elbit Systems on behalf of the Israeli Ministry of Defense, a proof-of-concept purchase order from Honeywell Aerospace’s APU division, successful U.S. test flights on a UH-60 Black Hawk in partnership with XP Services, and a new Cooperative Research and Development Agreement with the U.S. Navy’s NAWCAD focused initially on carrier arresting cables. Management noted that revenue is expected to be weighted toward the second half of 2026 as existing orders convert to deliveries, and that operating expenses were broadly flat year-over-year despite FX headwinds, as the company continues to invest in commercial expansion while managing its cost base.

Filing Facts

CIK

1577445

Ticker

-

Form

8K

Source Type

sec

Accession

0001493152-26-037619

Alert Tier

6