How did ODYS's revenue and expenses shift in Q4 2024?
5/9/2025 09:37am
In Q4 2024, Odysight.ai (ODYS) saw a shift in its revenue and expenses across its business segments, with Products and Development Services showing distinct figures:
1. **Revenue Shift**:
- The company's total revenue for Q4 2024 was $1.82 million. This was likely driven by the Products segment, which contributed $1.82 million to the overall revenue. This indicates a strong performance from the product side of the business.
- The Development Services segment contributed $843,000 to the revenue. This figure is significantly lower than that of the Products segment, suggesting that while the company is generating income, a larger portion of it is coming from product sales rather than service-based activities.
2. **Expense Shift**:
- The company's total expenses for Q4 2024 were not provided. However, the data available suggests that the expense structure may have been influenced by the business segments.
- Given the revenue breakdown, it is reasonable to assume that the expenses were also segmented, with potentially higher expenses allocated to the Products segment due to its larger revenue contribution. This is because the Products segment typically involves higher operational and production costs compared to service-based activities.
- The Development Services segment, with a lower revenue contribution, may also have had lower associated expenses, although this cannot be directly inferred without additional information on the expense structure of each segment.
In conclusion, ODYS's revenue in Q4 2024 was predominantly driven by the Products segment, which generated the majority of the company's income. The Development Services segment, while contributing to the revenue, had a smaller impact. The expense structure likely reflected this revenue shift, with the Products segment potentially bearing a larger share of the expenses due to its higher revenue contribution.