Odysight.ai Inc., a Nevada-based company specializing in visual monitoring artificial intelligence solutions, reported a revenue of $3.015 million for the fiscal year ending December 31, 2025, marking a 24% decrease from $3.964 million in 2024. The decline in revenue was attributed primarily to the full derecognition of a contract liability associated with a Fortune 500 medical company, which accounted for $1.7 million in the previous year. The company also experienced an operating loss of $18.135 million, a 45% increase from the prior year's loss of $12.507 million, driven by rising research and development, sales and marketing, and general administrative expenses.
In terms of operational metrics, Odysight.ai's backlog, defined as booked orders not yet recognized as revenue, decreased to approximately $13.8 million from $15 million in 2024. The company continues to focus on expanding its presence in the predictive maintenance (PdM) and condition-based monitoring (CBM) sectors, particularly within aerospace and heavy machinery markets. The company has established significant partnerships with clients such as the Israeli Air Force and NASA, which are expected to drive future growth.
Strategically, Odysight.ai has made notable investments in research and development, with expenses rising 40% to $9.639 million in 2025. This increase reflects the company's commitment to developing new products and enhancing existing functionalities. Sales and marketing expenses also surged by 91% to $2.327 million, indicating a push to penetrate new markets and improve product visibility. The company anticipates that these investments will support its long-term growth objectives.
Despite the challenges posed by a decrease in revenue and ongoing geopolitical tensions in Israel, Odysight.ai remains optimistic about its future. The company has reported a cash position of $26 million as of December 31, 2025, up from $18.5 million the previous year, providing a buffer for continued operations and investments. Looking ahead, Odysight.ai plans to leverage its technological advancements and strategic partnerships to enhance its market position and drive adoption of its innovative solutions across various sectors.
About Odysight.ai Inc.
Odysight.ai Inc. develops AI-driven vision-based sensor solutions for real-time health and condition monitoring across aerospace, medical, industrial, transportation, and energy markets. Its products utilize miniature cameras, machine learning, and cloud analytics to enable predictive maintenance, enhance safety, reduce downtime, and lower costs. Serving government agencies, defense contractors, and industrial clients, the company leverages proprietary technology and strategic partnerships to lead in predictive and condition-based monitoring.
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