Revenue growth has collapsed to a 96% year-over-year decline in 2026Q1, while operating margins have deteriorated to -65.1% due to persistent R&D and SG&A spending.
| Sales/Revenue | 1.03M | 3.02M | 3.96M | 3.03M | 665K | 387K | 491K | 309K | 0 | 0 |
| Revenue Growth % | -82.33% | -23.94% | 30.7% | 356.09% | 71.83% | -21.18% | 58.9% | - | - | - |
| Cost of Goods Sold | 678K | 2.14M | 2.81M | 2.52M | 1.63M | 1.11M | 994K | 542K | 0 | 0 |
| COGS % of Revenue | - | 71.11% | 70.81% | 83.22% | 245.26% | 286.3% | 202.44% | 175.4% | - | - |
| Gross Profit | 354K | 871K | 1.16M | 509K | -966K | -721K | -503K | -233K | 0 | 0 |
| Gross Margin % | 34.3% | 28.89% | 29.19% | 16.78% | -145.26% | -186.3% | -102.44% | -75.4% | - | - |
| Gross Profit Growth % | - | -24.72% | 127.31% | 152.69% | -33.98% | -43.34% | -115.88% | - | - | - |
| Operating Expenses | 19.27M | 19.01M | 13.66M | 11.14M | 8.47M | 8.39M | 4.2M | 1.57M | 23.37K | 64.05K |
| OpEx % of Revenue | - | 630.38% | 344.7% | 367.36% | 1274.14% | 2168.22% | 856.01% | 509.39% | - | - |
| Selling, General & Admin | 9.56M | 9.37M | 6.18M | 4.82M | 4.05M | 6.13M | 3.48M | 1.3M | 23.37K | 64.05K |
| SG&A % of Revenue | - | 310.68% | 155.8% | 158.82% | 608.72% | 1584.24% | 708.35% | 420.71% | - | - |
| Research & Development | 9.71M | 9.64M | 7.46M | 6.27M | 4.52M | 2M | 725K | 274K | 0 | 0 |
| R&D % of Revenue | - | 319.7% | 188.32% | 206.69% | 679.7% | 517.31% | 147.66% | 88.67% | - | - |
| Other Operating Expenses | 0 | 0 | 23K | 56K | -95K | 258K | 0 | 0 | 0 | 0 |
| Operating Income | -18.91M | -18.14M | -12.51M | -10.63M | -9.44M | -9.11M | -4.71M | -1.81M | -23.37K | -64.05K |
| Operating Margin % | -1832.66% | -601.49% | -315.51% | -350.58% | -1419.4% | -2354.52% | -958.45% | -584.79% | - | - |
| Operating Income Growth % | - | -45% | -17.62% | -12.65% | -3.59% | -93.63% | -160.43% | -7631.14% | 63.51% | - |
| EBITDA | -18.8M | -18.02M | -12.38M | -10.35M | -9.19M | -9M | -4.64M | -1.8M | -23.37K | -64.05K |
| EBITDA Margin % | -1821.32% | -597.61% | -312.41% | -341.21% | -1381.65% | -2325.06% | -945.01% | -582.85% | - | - |
| EBITDA Growth % | -38.35% | -45.49% | -19.66% | -12.64% | -2.11% | -93.92% | -157.63% | -7605.47% | 63.51% | - |
| D&A (Non-Cash Add-back) | 117K | 117K | 123K | 284K | 251K | 114K | 66K | 6K | 0 | 0 |
| EBIT | -18.91M | -18.14M | -12.51M | -10.63M | -9.44M | -9.11M | -4.71M | -1.81M | -23.37K | -64.05K |
| Net Interest Income | 962K | 1.1M | 740K | 988K | 59K | 117K | 41K | -20K | 0 | 0 |
| Interest Income | 962K | 1.1M | 740K | 988K | 59K | 117K | 41K | 0 | 0 | 0 |
| Interest Expense | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 20K | 4.6K | 261 |
| Other Income/Expense | 962K | 1.1M | 740K | 1.19M | -29K | 125K | 41K | -20K | -4.6K | -261 |
| Pretax Income | -17.95M | -17.04M | -11.77M | -9.45M | -9.47M | -8.99M | -4.67M | -1.83M | -27.98K | -64.31K |
| Pretax Margin % | -1739.44% | -565.01% | -296.85% | -311.41% | -1423.76% | -2322.22% | -950.1% | -591.26% | - | - |
| Income Tax | 0 | 0 | 0 | 0 | 0 | 0 | 2K | 2K | 0 | 0 |
| Effective Tax Rate % | 0% | 0% | 0% | 0% | 0% | 0% | -0.04% | -0.11% | 0% | 0% |
| Net Income | -17.95M | -17.04M | -11.77M | -9.45M | -9.47M | -8.99M | -4.67M | -1.83M | -27.98K | -64.31K |
| Net Margin % | -1739.44% | -565.01% | -296.85% | -311.41% | -1423.76% | -2322.22% | -950.51% | -591.91% | - | - |
| Net Income Growth % | -39.48% | -44.77% | -24.58% | 0.24% | -5.35% | -92.56% | -155.17% | -6437.98% | 56.5% | - |
| Net Income (Continuing) | -17.95M | -17.04M | -11.77M | -9.45M | -9.47M | -8.99M | -4.67M | -1.83M | -27.98K | -64.31K |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | -1.10 | -1.07 | -0.96 | -0.98 | -1.33 | -1.44 | -1.32 | -1.02 | -0.10 | -0.23 |
| EPS Growth % | -7.84% | -11.46% | 2.04% | 26.32% | 7.64% | -9.09% | -29.41% | -925.13% | 56.74% | - |
| EPS (Basic) | - | -1.07 | -0.96 | -0.98 | -1.33 | -1.44 | -1.32 | -1.02 | -0.10 | -0.23 |
| Diluted Shares Outstanding | 16.39M | 15.9M | 12.26M | 9.67M | 7.12M | 6.24M | 3.53M | 1.8M | 281.07K | 281.07K |
| Basic Shares Outstanding | 16.39M | 15.9M | 12.26M | 9.67M | 7.12M | 6.24M | 3.53M | 1.8M | 281.07K | 281.07K |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - |
Unsustainable cash burn rate
As reported in recent quarterly filings, Odysight.ai experienced a severe revenue decline, with the most recent period showing a 96% year-over-year drop to just $82,000, suggesting that the company is struggling to maintain commercial traction for its specialized visual sensing hardware in competitive industrial markets.
The precipitous decline in top-line performance indicates that the company's reliance on project-based NRE and hardware sales is highly volatile and lacks the recurring revenue base necessary for stability. Investors should monitor whether this contraction reflects a permanent loss of key aerospace or defense design wins or merely the lumpy nature of early-stage industrial procurement cycles.
Based on the company's financial statements, gross margins have fluctuated significantly, reaching a low of 25.6% in the most recent quarter, which highlights the inherent difficulty of scaling high-complexity hardware manufacturing without the benefit of high-margin software-as-a-service revenue streams to offset production costs.
The inability to maintain consistent gross margins suggests that Odysight.ai is currently unable to achieve the economies of scale required to amortize its specialized component costs. This margin profile appears inconsistent with the company's positioning as an AI analytics provider, implying that the hardware component remains a significant drag on overall profitability.
According to the provided income statement data, the company's operating margin plummeted to -65.1% in 2026Q1, demonstrating that fixed operating expenses, particularly R&D and SG&A, are currently scaling far faster than the company's ability to generate meaningful revenue from its core sensing technology.
The persistent gap between operating expenses and gross profit suggests that the company is in a high-burn investment phase that is not yet yielding operational efficiency. Without a significant pivot toward higher-volume production or a reduction in fixed overhead, the current structure appears to be fundamentally unsustainable for long-term value creation.
Analysis of the company's financial trajectory suggests that the market may be mispricing Odysight.ai by applying a growth-tech multiple to a business that is currently experiencing a 23.94% revenue decline and operating at a significant net loss, warranting caution regarding the company's long-term commercial viability.
Short-sellers would likely focus on the widening gap between the company's 'AI' narrative and the reality of its hardware-centric, low-margin financial performance. The risk remains that the company's current cash reserves will be exhausted before it can successfully transition from pilot-stage testing to high-volume, profitable production in its core industrial verticals.
Quick answers to the most common questions about buying ODYS stock.
For fiscal year 2025, Odysight.ai Inc. (ODYS) reported total revenue of $3.0M.
Odysight.ai Inc. (ODYS) reported a net loss of $17.0M for the fiscal year ending 2025.
Odysight.ai Inc. (ODYS) reported an operating income of $-18.1M, resulting in an operating profit margin of -601.5%. This margin reflects the operational efficiency of the business before interest and taxes.
Odysight.ai Inc. (ODYS) generated $0.9M in gross profit for the year, representing a gross profit margin of 28.9%. This demonstrates the company's core pricing power and production efficiency.