November 13, 2025 — Leads & Copy — Odysight.ai Inc. (NASDAQ: ODYS) reported its financial results for the nine months ending Sept. 30, 2025, and provided a business update.
Key highlights from the first nine months of 2025 include revenues of approximately $2.6 million and a cash balance of approximately $29.8 million as of Sept. 30, 2025. The company’s backlog totaled approximately $14.2 million as of Sept. 30, 2025, with monetization having started in 2025 and expected to continue through 2026 and beyond.
The backlog includes an agreement with a global international defense contractor to install Odysight’s visual sensing and AI analytics solution on hundreds of UAVs for the global market, installation of their solution on SH-60 Seahawk Maritime Rotary Wing Aircraft, and several other proof-of-concept projects. Management is in advanced negotiations to increase the backlog in the coming months.
Odysight.ai has strengthened its global presence with important commercial achievements, including completion of a transition from focusing on the medical sector to the aerospace, transportation, and industrial sectors, with commercial aerospace revenues booked in 2025.
The company also completed a successful European flight of their system on an AW139 Leonardo helicopter tested by the Italian Air Force, marking Odysight.ai’s first operational footprint in Europe, as the company expands into the world’s second-largest helicopter market.
Odysight.ai completed the delivery of a vision-based monitoring system for the Heron TP UAV, a remotely piloted aircraft system developed for Israel’s Ministry of Defense (MOD). The system provides advanced remote monitoring capabilities using specialized algorithms and a miniature sensor-based optical system.
The company also signed a strategic partnership with a multinational technology group to integrate Odysight’s predictive health monitoring (PHM) system on several platforms. The proof-of-concept deployment focuses on selected heavy vehicles across the fields of defense, mining, agriculture, and heavy autonomous vehicle sectors.
Odysight.ai received a purchase order for the first commercial batch of 200 Industrial Predictive Monitoring Systems from a leading European provider of industrial sensing and monitoring solutions, and deployed Odysight’s PHM system to prevent derailments and enhance railway safety in partnership with Israel Railways, with ongoing discussions to expand deployment.
Odysight.ai Chief Executive Officer Yehu Ofer said the first nine months of 2025 mark a transformative phase for the company, having built the foundation for sustained growth.
“The monetization of our backlog has begun, reflecting increasing market adoption of our visual sensing and AI analytics dual use technologies across both unmanned and manned platforms. Our strategic pivot from the medical device market to aerospace, transportation, and industrial sectors is now clearly starting to deliver results,” Ofer said.
Einav Brenner, Chief Financial Officer of Odysight.ai, said the financial results for the first nine months of 2025 reflect a disciplined execution of their growth strategy.
“With revenues of approximately $2.6 million and a strong cash position of approximately $29.8 million as of September 30, 2025, Odysight.ai remains well-capitalized to fund its expansion and deliver on its commercial commitments,” Brenner said.
Including cash, cash equivalents and restricted cash, the cash balance as of September 30, 2025 was $29.8 million, compared to approximately $13.6 million as of September 30, 2024. In February 2025, the company uplisted to the Nasdaq Capital Market and completed a U.S. underwritten public offering with gross proceeds of approximately $23.7 million.
Revenues were approximately $2.6 million, compared to $2.7 million for the nine months ended September 30, 2024. Backlog was approximately $14.2 million as of September 30, 2025.
Operating expenses were $14.4 million for the nine months ended September 30, 2025, compared to $9.4 million for the nine months ended September 30, 2024. Net loss was $12.8 million for the nine months ended September 30, 2025, compared to $8.2 million for the nine months ended September 30, 2024.
Odysight.ai, incorporated in Nevada, is a provider of video sensor-based solutions for critical systems in the aviation, transportation, and energy industries.
The company leverages proven visual technologies and products from the medical industry, with their unique video-based sensors, embedded software, and AI algorithms being deployed in hard-to-reach locations and harsh environments across a variety of PdM and CBM use cases.
Einav Brenner, CFO, info@odysight.ai
Miri Segal, MS-IR LLC, msegal@ms-ir.com, Tel: +1-917-607-8654
Source: Odysight.ai
