Odysight.ai Reports Full Year 2024 Financial Results and Provides Business Update
Financial Performance: Odysight.ai reported a 31% increase in annual revenues for 2024, reaching approximately $4 million, and significantly expanded its backlog to around $15 million, primarily due to new contracts in the Aerospace sector.
Strategic Growth: The company successfully transitioned from the medical industry to aerospace, secured key commercial agreements, uplisted to Nasdaq, and raised $23.7 million in gross proceeds, indicating strong market recognition and future growth potential.
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Odysight.ai Secures Pilot Orders from Major Defense Customer
- Pilot Order Acquisition: Odysight.ai has secured two pilot orders from a major defense customer, involving the integration of a computer vision monitoring system on a combat helicopter, aimed at validating system performance in operational settings, which is expected to facilitate future applications.
- System Integration Details: The first order encompasses design integration, installation surveys, supply of integration kits, system installation, testing, and flight trials, showcasing the company's commercial potential in monitoring solutions within complex aeronautical environments.
- Critical Component Monitoring: The second order focuses on monitoring a critical component within an airborne weapons system, including laboratory demonstrations and functional separation tests, aimed at collecting data to evaluate predictive maintenance capabilities, thereby enhancing the company's technological applications in defense.
- Growing Market Demand: Odysight.ai believes these orders reflect increasing interest in the application of advanced monitoring solutions within defense and aeronautics, indicating the strategic significance of the company's role in the transition towards data-driven maintenance approaches.
Odysight.ai CEO to Present at Sidoti Micro-Cap Conference on January 21, 2026
- Executive Presentation: Odysight.ai's CEO Yehu Ofer and CFO Einav Brenner will present virtually at the Sidoti Micro-Cap Conference on January 21, 2026, showcasing the company's AI-driven technologies to attract investor interest.
- Investor Engagement: Management will be available for virtual one-on-one meetings on January 21 and 22, allowing investors to schedule discussions through Sidoti representatives to gain deeper insights into the company's strategies and technological advancements.
- Technological Leadership: Odysight.ai leads the Predictive Maintenance and Condition-Based Monitoring markets in aviation, transportation, and industry, leveraging advanced visual sensing and real-time analytics to enhance system reliability and maintenance efficiency, thereby strengthening its competitive position.
- Project Achievements: The company's technology has been deployed in projects with NASA and the U.S. Department of Defense, delivering significant improvements in system reliability and maintenance efficiency, highlighting its importance and impact in critical industries.
Odysight.ai Uplists to NASDAQ and Raises $23.7 Million
- Successful Uplisting: Odysight.ai uplisted to NASDAQ in February 2025, enhancing the company's visibility and credibility in the global market, attracting new investors and partners.
- Capital Achievement: The uplisting was accompanied by raising $23.7 million, further strengthening the debt-free balance sheet and providing the necessary resources to accelerate global market expansion and product development.
- Order Growth: The company has secured over $14 million in contracts with strategic customers, reflecting the growing demand for its solutions and showcasing its ability to convert innovation into tangible business results.
- Market Potential: Odysight.ai focuses on aerospace while gradually expanding into heavy transportation and industrial markets, leveraging its core technology to seize opportunities in rapidly transforming markets.
ODYSIGHT.AI SECURES ORDER FOR 200 INDUSTRIAL PREDICTIVE MONITORING SYSTEMS FOR ELEVATORS
Commercial Order Announcement: Odysight.ai Inc. has received a purchase order for 200 Industrial Predictive Monitoring Systems from a European provider, marking a significant step from pilot testing to commercial rollout in the elevator belt monitoring sector.
Market Potential: The industrial predictive maintenance market is projected to grow from approximately $87 billion in 2025 to $126 billion by 2034, driven by advancements in smart cities and industrial infrastructure.
Technology Benefits: The new system utilizes visual-based technology to monitor elevator belt integrity, enhancing safety, reducing downtime, and extending component lifespan through real-time data-driven maintenance.
Future Growth Opportunities: CEO Yehu Ofer highlighted the scalability of their solution, indicating potential applications across various industrial sectors, which positions Odysight.ai for significant market share and revenue growth.
Odysight.ai to Participate in the 15th Annual ROTH London Conference on June 25 and 26
Odysight.ai Participation: Odysight.ai Inc. will participate in the 15th Annual ROTH London Conference on June 25–26, 2025, where CFO Einav Brenner will hold one-on-one investor meetings.
Company Overview: Odysight.ai specializes in predictive maintenance and condition-based monitoring solutions using video sensor technology, targeting industries like aviation, transportation, and energy.
Odysight.ai Reports Financial Results for The First Quarter of 2025 and Provides Business Update
Financial Performance: Odysight.ai reported first-quarter revenues of $2.1 million for the period ending March 31, 2025, a significant increase from $0.2 million in the same quarter of 2024, primarily due to a contract with a Fortune 500 medical company. The company also uplisted to Nasdaq and raised $23.7 million, improving its cash position to approximately $37.2 million.
Business Developments: The company has partnered with Israel Railways to enhance railway safety through AI-powered visualization systems and received an initial order from a European partner for an industrial monitoring solution, indicating growth in strategic partnerships and market expansion.
Odysight.ai Secures Pilot Orders from Major Defense Customer
- Pilot Order Acquisition: Odysight.ai has secured two pilot orders from a major defense customer, involving the integration of a computer vision monitoring system on a combat helicopter, aimed at validating system performance in operational settings, which is expected to facilitate future applications.
- System Integration Details: The first order encompasses design integration, installation surveys, supply of integration kits, system installation, testing, and flight trials, showcasing the company's commercial potential in monitoring solutions within complex aeronautical environments.
- Critical Component Monitoring: The second order focuses on monitoring a critical component within an airborne weapons system, including laboratory demonstrations and functional separation tests, aimed at collecting data to evaluate predictive maintenance capabilities, thereby enhancing the company's technological applications in defense.
- Growing Market Demand: Odysight.ai believes these orders reflect increasing interest in the application of advanced monitoring solutions within defense and aeronautics, indicating the strategic significance of the company's role in the transition towards data-driven maintenance approaches.
Odysight.ai CEO to Present at Sidoti Micro-Cap Conference on January 21, 2026
- Executive Presentation: Odysight.ai's CEO Yehu Ofer and CFO Einav Brenner will present virtually at the Sidoti Micro-Cap Conference on January 21, 2026, showcasing the company's AI-driven technologies to attract investor interest.
- Investor Engagement: Management will be available for virtual one-on-one meetings on January 21 and 22, allowing investors to schedule discussions through Sidoti representatives to gain deeper insights into the company's strategies and technological advancements.
- Technological Leadership: Odysight.ai leads the Predictive Maintenance and Condition-Based Monitoring markets in aviation, transportation, and industry, leveraging advanced visual sensing and real-time analytics to enhance system reliability and maintenance efficiency, thereby strengthening its competitive position.
- Project Achievements: The company's technology has been deployed in projects with NASA and the U.S. Department of Defense, delivering significant improvements in system reliability and maintenance efficiency, highlighting its importance and impact in critical industries.
Odysight.ai Uplists to NASDAQ and Raises $23.7 Million
- Successful Uplisting: Odysight.ai uplisted to NASDAQ in February 2025, enhancing the company's visibility and credibility in the global market, attracting new investors and partners.
- Capital Achievement: The uplisting was accompanied by raising $23.7 million, further strengthening the debt-free balance sheet and providing the necessary resources to accelerate global market expansion and product development.
- Order Growth: The company has secured over $14 million in contracts with strategic customers, reflecting the growing demand for its solutions and showcasing its ability to convert innovation into tangible business results.
- Market Potential: Odysight.ai focuses on aerospace while gradually expanding into heavy transportation and industrial markets, leveraging its core technology to seize opportunities in rapidly transforming markets.
ODYSIGHT.AI SECURES ORDER FOR 200 INDUSTRIAL PREDICTIVE MONITORING SYSTEMS FOR ELEVATORS
Commercial Order Announcement: Odysight.ai Inc. has received a purchase order for 200 Industrial Predictive Monitoring Systems from a European provider, marking a significant step from pilot testing to commercial rollout in the elevator belt monitoring sector.
Market Potential: The industrial predictive maintenance market is projected to grow from approximately $87 billion in 2025 to $126 billion by 2034, driven by advancements in smart cities and industrial infrastructure.
Technology Benefits: The new system utilizes visual-based technology to monitor elevator belt integrity, enhancing safety, reducing downtime, and extending component lifespan through real-time data-driven maintenance.
Future Growth Opportunities: CEO Yehu Ofer highlighted the scalability of their solution, indicating potential applications across various industrial sectors, which positions Odysight.ai for significant market share and revenue growth.
Odysight.ai to Participate in the 15th Annual ROTH London Conference on June 25 and 26
Odysight.ai Participation: Odysight.ai Inc. will participate in the 15th Annual ROTH London Conference on June 25–26, 2025, where CFO Einav Brenner will hold one-on-one investor meetings.
Company Overview: Odysight.ai specializes in predictive maintenance and condition-based monitoring solutions using video sensor technology, targeting industries like aviation, transportation, and energy.
Odysight.ai Reports Financial Results for The First Quarter of 2025 and Provides Business Update
Financial Performance: Odysight.ai reported first-quarter revenues of $2.1 million for the period ending March 31, 2025, a significant increase from $0.2 million in the same quarter of 2024, primarily due to a contract with a Fortune 500 medical company. The company also uplisted to Nasdaq and raised $23.7 million, improving its cash position to approximately $37.2 million.
Business Developments: The company has partnered with Israel Railways to enhance railway safety through AI-powered visualization systems and received an initial order from a European partner for an industrial monitoring solution, indicating growth in strategic partnerships and market expansion.
