Odysight.ai Stock Price, News & Analysis

Odysight.AI (NASDAQ: ODYS) has entered into a strategic commercial collaboration agreement with an unnamed multinational technology group to implement predictive maintenance capabilities across multiple sectors. The partnership will initially focus on heavy vehicles in defense, mining, agriculture, and autonomous vehicle sectors.

The collaboration follows successful trials of Odysight.AI's system on critical aviation components under extreme conditions. The technology demonstrated robust performance in harsh environments, leading to potential expanded deployments in aviation and heavy vehicles. The integration aims to provide real-time monitoring and predictive analytics to enhance platform safety, reduce maintenance demands and costs, and improve operational efficiency.

Odysight.AI (Nasdaq: ODYS), a developer of AI systems for Predictive Maintenance and Condition-Based Monitoring, has been added to the Russell Microcap® Index effective June 30, 2025, as part of the annual Russell indexes reconstitution.

The inclusion follows the company's Nasdaq listing in February 2025 and is expected to enhance visibility with institutional investors. The Russell Microcap® Index membership, which lasts for one year, includes automatic inclusion in corresponding growth and value style indexes. Russell indexes serve as benchmarks for approximately $10.6 trillion in assets as of June 2024.

Odysight.AI (ODYS) has secured an initial order for its AI-powered Predictive Health Monitoring system from a leading European industrial player. The system, designed to monitor belts and cables in cranes and elevators, uses high-resolution cameras and machine learning algorithms to detect early-stage faults and predict failures. A pilot program will commence across transportation system OEMs, with plans for global expansion. The solution aims to enhance infrastructure maintenance by improving performance, reliability, and safety while reducing maintenance costs. The partnership represents Odysight.AI's strategic expansion in Europe's Industry 4.0 ecosystem and its commitment to developing human-centric AI technology solutions.

Odysight.ai Inc. (ODYS), a company specializing in visual-based predictive maintenance and condition-based monitoring solutions, has announced its participation in the 15th Annual ROTH London Conference. The event will take place on June 25-26, 2025, in London, U.K. The company's Chief Financial Officer, Einav Brenner, will be available for one-on-one meetings with investors during both days of the conference. Interested parties can schedule meetings through their ROTH representative.

Odysight.ai (NASDAQ: ODYS), a provider of visual predictive maintenance solutions, reported its Q1 2025 financial results. Revenue reached $2.1 million, up from $0.2 million in Q1 2024, primarily due to a $1.7 million contract with a Fortune 500 medical company. The company achieved a gross profit of $0.6 million (26% margin) but posted a net loss of $4.3 million.

Key developments include the company's successful uplisting to Nasdaq in February 2025, raising $23.7 million in gross proceeds. The company's cash position stands at $37.2 million, with a backlog of $14.8 million. Notable partnerships include collaboration with Israel Railways for an AI-powered derailment prevention system and a new European contract for industrial monitoring solutions.

Odysight.ai (Nasdaq: ODYS), a developer of AI systems for Predictive Maintenance and Condition-Based Monitoring, announced its participation in MRO Americas 2025, scheduled for April 8-10 in Atlanta, Georgia. The company will showcase its aviation maintenance technology at Booth #5333 in the Main Hall.

The event, a leading gathering for the commercial air transport maintenance, repair and overhaul (MRO) industry, will serve as a platform for Odysight.ai to demonstrate its AI/ML-driven solutions focused on enhancing aviation safety and mission readiness through visual sensing and analytics. CEO Yehu Ofer highlighted their commitment to empowering airlines, MROs, and defense operators with real-time, data-driven insights to improve operational efficiency and reduce downtime.

Odysight.ai (NASDAQ: ODYS) reported its full year 2024 financial results, showcasing significant growth in its aerospace sector transition. The company achieved revenues of $4 million, a 31% increase from 2023, while its backlog surged by over 450% to reach $15 million.

Financial metrics include a gross profit of $1.2 million with a 29% margin (up from 17% in 2023), though operating expenses increased 23% to $13.7 million. The company reported a net loss of $11.8 million, compared to $9.4 million in 2023. Cash balance stood at $18.5 million as of December 2024.

The company successfully completed two capital raises: a $10.3 million private placement in July 2024 and a $23.7 million public offering in February 2025 concurrent with its Nasdaq uplisting. Odysight.ai plans to expand its AI-based video analytics and machine learning solutions into new markets through a SaaS model.

Odysight.ai (Nasdaq: ODYS), a developer of AI systems specializing in Predictive Maintenance (PdM) and Condition-Based Monitoring (CBM), has announced its upcoming participation in the 37th Annual ROTH Conference. The event will take place on March 17-18, 2025, in Dana Point, CA.

The company's CEO Yehu Ofer and CFO Einav Brenner will be available for one-on-one meetings with investors during both conference days. Interested parties can schedule meetings through their Roth representatives.

Odysight.ai, an AI systems developer for Predictive Maintenance and Condition-Based Monitoring, has announced the pricing of its public offering and uplisting to the Nasdaq Capital Market. The company is offering 3,307,692 shares at $6.50 per share, with expected gross proceeds of approximately $21.5 million.

Trading will commence on the Nasdaq Capital Market under the symbol 'ODYS' on February 11, 2025. The offering is expected to close on February 12, 2025. The Benchmark Company is serving as the sole book-running manager and has a 30-day option to purchase up to an additional 496,153 shares.

The company plans to use the proceeds for expanded research and development, increased sales and marketing, working capital, and other general corporate purposes.