Odysight.ai Q2 rev. $2.4mln, net cash $33.2mln, uplisted to Nasdaq.

• Odysight.ai reports H1 2025 revenue of $2.4mln • Net cash position of $33.2mln as of June 30, 2025 • Uplisted to Nasdaq Capital Markets, added to Russell Microcap Index • Strengthened global presence through commercial achievements, including a strategic partnership with a multinational tech group.

Odysight.ai, a provider of visual predictive maintenance solutions, has reported its financial results for the first half of 2025. The company's revenue reached $2.4 million, marking a 71% increase from the $1.4 million recorded in the same period last year [1]. Despite this significant revenue growth, Odysight.ai reported a wider net loss of $8.3 million compared to $5.3 million in H1 2024, primarily due to operational expansion and one-time Nasdaq uplisting expenses [1].

The company's transition towards the aerospace and defense sectors is evident in its strategic partnerships and deployments. Odysight.ai secured a contract with a Fortune 500 medical company, contributing $1.7 million to its revenue [1]. Additionally, the company deployed its system on the Heron TP UAV platform with Israeli defense forces and formed a strategic partnership with a multinational technology group [1]. These achievements have strengthened Odysight.ai's global presence and market credibility.

However, the company's Q2 2025 revenue declined to $0.4 million, down from $1.2 million in Q2 2024, reflecting the challenges associated with transitioning into new sectors [1]. The decrease in quarterly revenue, combined with a 62% increase in operating expenses to $9.7 million, suggests that Odysight.ai is investing heavily in growth but has yet to achieve consistent revenue growth [1].

Odysight.ai's net cash position as of June 30, 2025, stood at $33.2 million, bolstered by a $23.7 million public offering following its uplisting to the Nasdaq Capital Markets [1]. This substantial cash position provides Odysight.ai with significant financial runway to continue its strategic pivot and market expansion efforts.

The company's backlog of $14.4 million indicates potential future revenue visibility, but the significant gap between the backlog and current revenue run rate raises questions about conversion timeline and efficiency [1]. Odysight.ai must demonstrate its ability to convert its partnerships and backlog into sustainable revenue growth while managing its burn rate.

In conclusion, Odysight.ai's H1 2025 results present a mixed financial picture. While the company has shown promising traction in the defense and industrial sectors, it faces commercialization challenges and must navigate the complexities of transitioning into new markets. The company's ability to convert its strategic wins into consistent revenue growth will be critical in determining its long-term success.

References:
[1] https://www.stocktitan.net/news/ODYS/odysight-ai-reports-financial-results-for-the-first-half-of-2025-and-1w0r7g40919z.html