Odysight.ai Inc.

Odysight.ai Inc. reported financial results for the first half of 2026, with revenues of $0.5 million, a significant decrease from $2.4 million in the prior year, and a net loss of $9.5 million, up from $8.3 million. Despite the H1 financial performance, the company announced a substantial increase in backlog to $16.45 million and highlighted several key strategic wins. These include a first direct purchase order from Boeing, a proof-of-concept order from Honeywell Aerospace, a purchase order from Elbit Systems for the Israeli Ministry of Defense, and a CRADA with the U.S. Navy's NAWCAD, indicating strong business development and future revenue potential.

Odysight.ai Inc. reported a significant decline in its financial performance for the first half of 2026, with revenue dropping 79.3% to $502k and net loss increasing to $(9,505)k compared to the same period in 2025. The company also experienced increased cash burn from operating activities. These results were partly attributed to delays in customer orders and deliveries caused by the ongoing geopolitical conflict in the Middle East, which management warns could have a material adverse effect. Odysight.ai's accumulated deficit grew to $(72,514)k, and it anticipates needing additional funding to support future operations.

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.

Odysight.ai Inc. announced it has signed a Memorandum of Agreement (MOA) with Boeing to demonstrate its AI-powered visual sensing and predictive maintenance solutions. This agreement will allow Odysight.ai to showcase its computer vision-based platform in laboratory and test environments at two Boeing sites. The collaboration is part of a broader industrial cooperation agreement and expands Odysight.ai's aerospace and defense engagements, which already include operational deployments with the Israeli Air Force and a CRADA with the U.S. Navy.

Odysight.ai Inc. announced its management will participate in two investor conferences during the third quarter of 2026. The company will attend the Sidoti Virtual Micro-Cap Conference on August 19-20, 2026, with CEO Yehu Ofer and CFO Einav Brenner presenting. Additionally, CFO Einav Brenner will present at the H.C. Wainwright 28th Annual Global Investment Conference from September 14-16, 2026, in New York, NY. Both events will include corporate presentations and one-on-one meetings with investors.

Odysight.ai Inc. announced it has received a purchase order from Elbit Systems, on behalf of the Israeli Ministry of Defense (IMOD), valued at approximately $0.3 million. The order is for the integration of Odysight.ai’s computer vision-based Prognostics and Health Management (PHM) system onto several platforms. This deal represents a significant expansion of the company's engagement with the IMOD and may lead to broader deployment across the Israeli Defense Forces, with potential international follow-on opportunities.

Odysight.ai provided additional information regarding its previously announced at-the-market (ATM) offering program. The company clarified that it currently does not intend to utilize the facility at or near the current market price of its common stock. Odysight.ai views the ATM facility as an additional financing tool to provide financial flexibility for working capital, commercial growth, or other strategic objectives, to be used only under appropriate market conditions and valuation levels.

Odysight.ai announced it has filed a prospectus supplement with the SEC for an At-The-Market (ATM) program, allowing it to offer and sell up to $20 million of its common stock. This program, established with Roth Capital Partners, provides flexible financing to support business development and capitalize on market opportunities. The company retains full discretion over the timing, price, and extent of share issuance, aiming to enhance financial flexibility for strategic and commercial objectives.

Odysight.ai Inc. entered into a Sales Agreement with Roth Capital Partners, LLC on June 5, 2026, to potentially sell up to $20,000,000 of its common stock through "at the market offerings." The company is not obligated to sell, and the agent is not obligated to sell or offer any shares. Sales, if any, will occur at prevailing market prices, with the agent receiving a commission of up to 3.0% of the gross proceeds.

Odysight.ai Inc. announced its participation in the 16th Annual ROTH London Conference, scheduled for June 17 and 18, 2026, in London, U.K. CEO Yehu Ofer and CFO Einav Brenner will represent the company and be available for one-on-one investor meetings. Odysight.ai is a leader in AI/ML-powered visual sensing solutions for predictive and condition-based maintenance in aviation, transportation, and energy industries.