Odysight.ai Q2 Revenue Up 16% but H1 Loss Widens; Cash Burn Accelerates
ODYS sits 94% above its 52-week low of $2.6.
Summary
Odysight.ai reported Q2 revenue up 16% to $420K, but H1 revenue fell 79% and net loss widened to $9.5M. Cash dropped to $17.2M with management guiding 12-month runway.
Key Events · Earnings and Guidance · ODYS
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Q2 Revenue Up 16%
Q2 2026 revenue was $420K, up from $362K in Q2 2025, driven by new project commencements and progress on existing projects.
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H1 Revenue Plunges 79%
Six-month revenue fell to $502K from $2,427K in H1 2025, primarily due to the absence of the Fortune 500 medical company arrangement derecognized in Q1 2025.
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Net Loss Widens to $9.5M
H1 2026 net loss was $9.5M, up from $8.3M in H1 2025, driven by lower gross profit and higher sales and marketing expenses.
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Cash Burn Accelerates
Cash and equivalents fell to $17.2M from $25.7M at year-end 2025; operating cash outflow was $8.7M in H1 2026.
Analysis · ODYS · Technology
Odysight.ai's Q2 revenue grew 16% year-over-year to $420K, but the six-month picture is grim: revenue fell 79% to $502K and net loss widened to $9.5M. Cash dropped to $17.2M from $25.7M at year-end, and the company burned $8.7M in operating activities during H1. Management says cash lasts at least 12 months, but the ATM program remains untapped. The $14.1M backlog offers some visibility, but the company's survival depends on converting that backlog and raising capital.
At the time of this filing, ODYS was trading at $5.04 on NASDAQ in the Technology sector, with a market capitalization of approximately $70.6M. The 52-week trading range was $2.60 to $11.30. This filing was assessed with negative market sentiment and an importance score of 7 out of 10.