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what it is
Odysight.ai sells camera-and-AI systems that watch hard-to-reach industrial equipment so operators can spot problems before things break.
how it gets paid
Last year Odysight.Ai made $4M in revenue. video sensor systems was the main engine at $1.4M, or 35% of sales.
what just happened
Revenue hit $3M in the latest quarter, but the real story is that losses still swallowed the gain.
At a glance
n/a balance sheet
-$1.03 fy2024 eps est
$4M fy2024 rev est
operating loss scale vs revenue not a clean single margin % (verify filings)
~$93M market cap
What they do
Odysight.ai sells camera-and-AI systems that watch hard-to-reach industrial equipment so operators can spot problems before things break.
Odysight.ai aims at places your mechanic cannot easily see: aircraft, transportation gear, and energy systems in harsh environments. Its pitch is PdM (predictive maintenance → catching failures early → less downtime) and CBM (condition based monitoring → watching equipment while it runs → fewer surprise repairs). The company only has 61 employees, but it is already selling into mission-critical use cases where a single missed fault can cost more than the system.
How they make money
$4M
annual revenue
video sensor systems
$1.4M
embedded monitoring software
$1.1M
ai analytics platform
$0.9M
integration and support services
$0.6M
The products that matter
ai inspection and predictive maintenance
Predictive Maintenance (PdM)
200-unit order · commercial proof point
it landed a 200-unit commercial order in november 2025 and later moved into a UH-60 helicopter test in march 2026. that is evidence of interest, not evidence of scale.
pilot to production
miniature visual sensing hardware
ScoutCam
$3.9M trailing revenue
this is effectively the whole business today. when your core hardware only produces $3.9M in trailing revenue, every new deployment matters more than any broad market narrative.
current revenue base
Key numbers
~315%
loss vs revenue
This is operating loss scaled to revenue, not a positive margin. Plain English: the company spends far more than it brings in at current sales.
$4M
annual revenue
This is a public company with a $93 million market cap and only $4 million of annual sales. That gap is the entire debate.
$3M
latest quarter revenue
One quarter nearly matched three-quarters of the annual run rate. That is either traction arriving or lumpiness wearing an AI costume.
$0M
long-term debt
Long-term debt → money owed over years → so what: there is no debt overhang, which buys time even if the income statement is ugly.
Financial health
n/a
strength
- balance sheet grade n/a
- long-term debt $0M (0% of capital)
n/a — functional but not a standout on the balance sheet.
Total return vs. market
Return history isn't available for ODYS right now.
source: institutional data · return history unavailable
What just happened
missed estimates
Revenue hit $3M in the latest quarter, but the real story is that losses still swallowed the gain.
EDGAR shows latest-quarter revenue of $3 million, up 1629% vs. prior year (tiny prior-year base—treat the percent as noisy). Gross margin at 26.9%. EPS prints differ by source (e.g. -$0.25 vs -$0.81); the KPI row uses the filing-aligned loss—verify the exact line item before comparing to consensus.
$3M
revenue
-$0.81
eps
26.9%
gross margin
the number that mattered
26.9% gross margin matters most because margin is the line between a scalable monitoring platform and a low-margin project shop.
source: company earnings report, 2026
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What could go wrong
the #1 risk here is cash burn outrunning contract conversion. ODYS does not need a better narrative. It needs revenue to show up before the cash cushion fades.
med
cash burn is still bigger than the business
The company lost $16.3M against $3.9M–$4M in revenue. That's a business where the burn rate is roughly four times annual sales.
impact: with $33.2M in net cash, the current burn implies about two years of runway if revenue does not ramp materially.
med
pilot programs can stay pilot programs
The January 2026 defense pilot and the March 2026 UH-60 test are encouraging, but neither is the same thing as a scaled production contract.
impact: when revenue starts from just $4M, a delayed conversion can leave the income statement looking almost unchanged.
med
the gross margin is not doing the heavy lifting yet
Gross margin sits at 26.9%. For an early-stage tech-adjacent company, that's not enough to absorb operating costs or create a clean path to profitability on today's revenue base.
impact: even if sales grow, weak unit economics can turn growth into a slower bleed instead of a real inflection.
med
israel exposure adds operating uncertainty
The company is based in Israel, so regional conflict, supply disruption, or cross-border trade issues can affect operations in ways a domestic peer would not face.
impact: this is hard to model precisely, but it can pressure timelines, customer confidence, and execution when the business is too small to absorb shocks.
a two-year cash runway sounds comfortable until you remember the company only does $4M in annual revenue. That makes 2026–2027 the prove-it window.
source: institutional data · regulatory filings · risk analysis
Pay attention to
next report
march earnings need to show the burn narrowing
The next expected report was march 17, 2026 with EPS estimated at -$0.12. You do not need profitability yet. You do need evidence the loss is moving in the right direction.
conversion
watch the 200-unit order for follow-on demand
One commercial order matters because the revenue base is only $4M. A second or third order would matter more because it would show repeatability.
unit economics
gross margin needs to move above 26.9%
A 26.9% gross margin is proof the product can be sold. It is not proof the model scales. If margin improves, the path to covering operating costs gets less theoretical.
runway
cash balance matters more than most headline wins
With $33.2M in net cash and a $16.3M annual loss, the clock is visible. If cash drops without a matching revenue step-up, dilution risk moves from background noise to main plot.
Analyst rankings
chart momentum
below average
momentum rank 4 — analysts see underperformance risk in the near term.
source: institutional data
Institutional activity
institutional ownership data for ODYS is being compiled.
source: institutional data
Price targets
3-5 year target range
n/a
n/a
$5
current price
n/a
target midpoint · n/a from current
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