Quarterly ResultAug 13, 2026, 09:27 AM
Odysight.ai H1 Revenue $0.5M; Backlog $16.45M; Lands Boeing PO
AI Summary
Odysight.ai reported H1 2026 revenue of $0.5 million, a decrease from $2.4 million in H1 2025, resulting in a net loss of $9.5 million. Despite the revenue decline, the company's backlog grew to $16.45 million and it announced significant new purchase orders from Boeing, Elbit Systems (for the Israeli Ministry of Defense), and a proof-of-concept collaboration with Honeywell Aerospace. Additionally, Odysight.ai completed successful U.S. test flights on a UH-60 Black Hawk and signed a CRADA with the U.S. Navy.
Key Highlights
- Backlog increased to $16.45M from $14.1M as of June 30, 2026.
- Cash balance was approximately $17.6M as of June 30, 2026, with no debt.
- H1 2026 revenue was $0.5M, down from $2.4M in H1 2025.
- Net loss for H1 2026 was $9.5M, compared to $8.3M in H1 2025.
- Received first direct purchase order from Boeing for AI-powered PdM solution.
- Secured purchase order from Elbit Systems for Israeli Ministry of Defense deployment.
- Initiated proof-of-concept collaboration with Honeywell Aerospace APU Division.
- Completed successful first U.S. test flights on a UH-60 Black Hawk helicopter.
- Signed Cooperative Research and Development Agreement (CRADA) with U.S. Navy.
Price Impact
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