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Financial statements

Odysight.ai Inc. financial statements

Income statement, balance sheet and cash flow statement for the last 10 fiscal years, taken from the XBRL data Odysight.ai Inc. files with the SEC in its annual reports.

In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.

Income statement

FY2018FY2019FY2019FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue0.390.310.490.390.673.033.963.02
Cost of revenue0.220.540.991.111.632.522.812.14
Gross profit0.17-0.23-0.5-0.72-0.970.511.160.87
Research and development0.180.270.7324.25.66.889.64
Selling and marketing0.270.180.440.910.71.111.222.33
General and administrative00.2401.123.045.483.584.435.567.04
Operating expenses0.020.09
Operating income-0.52-1.81-4.71-9.11-9.44-10.6-12.5-18.1
Interest expense00.010.02
Other non-operating income-0-0.01
Pre-tax income-0.52-1.83-4.67-8.99-9.47-9.4511.817
Income tax0000.230
Income from continuing operations17
Net income-0.03-0.52-0.1-1.83-4.67-8.99-9.47-9.45-11.8-17
EBITDA-0.52-1.8-4.64-9-9.19-10.3-12.4-18
EPS, basic-0.09-0.26-0.35-0.97-1.32-1.44-1.33-0.98-1.03-1.07
EPS, diluted-0.09-0.26-0.35-0.97-1.32-1.44-1.33-0.98-1.03-1.07
Shares, basic (weighted)0.2900.2903.536.240.019.670.010.02
Shares, diluted (weighted)0.2900.2903.536.240.019.670.010.02

Balance sheet

FY2018FY2019FY2019FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash and equivalents0.010.030.033.253.378.5810.18.9518.225.7
Receivables0.090.020.020.010.061.371.510.28
Inventory0.080.90.240.170.630.50.20.05
Other current assets0.060.080.350.440.280.430.590.55
Total current assets0.234.324.0320.214.119.320.827.5
Property, plant and equipment0.010.060.270.780.650.480.410.35
Lease right-of-use assets0.050.110.480.311.381.110.74
Other non-current assets0.10.10.1
Total assets0.010.520.034.765.923.516.922.823.729
Accounts payable0.030.020.040.080.10.30.290.440.48
Accrued liabilities0.130.30.370.360.370.130.260.21
Deferred revenue0.20.50.070.351.430.530.70.17
Total current liabilities0.080.180.21.910.771.312.562.083.33
Lease liabilities0.030.050.20.060.860.510.26
Other non-current liabilities0.03
Total liabilities0.080.63-0.132.241.933.935.115.025.443.55
Paid-in capital0.07-0.020.074.1410.334.936.55264.288.4
Retained earnings-0.15-0.19-0.24-1.64-6.31-15.3-24.8-34.2-46-63
Shareholders' equity-0.07-0.120.162.523.9619.611.817.818.225.4
Total equity-0.07-0.120.162.523.9619.611.817.818.225.4
Total liabilities and equity0.010.520.034.765.923.516.922.823.729
Shares outstanding0.291.830.293.064.087.127.1210.412.616.4

Cash flow statement

FY2018FY2019FY2019FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Net income-0.03-0.52-0.1-1.83-4.67-8.99-9.47-9.45-11.8-17
Depreciation and amortization0.010.010.070.110.250.280.120.12
Stock-based compensation0.030.031.112.031.641.662.393.08
Change in receivables-0.090.070.010.01-0.05-1.31-0.141.26
Change in inventory-0.03-0.820.690.08-0.460.130.30.15
Change in payables0-0.030.020.040.020.19-0.010.160.06
Cash from operations-0.02-0.45-0.1-1.8-4.19-5.89-6.1-10-8.22-13.7
Capital expenditures-0.05-0.28-0.6-0.12-0.11-0.05-0.06
Cash from investing0-0.06-0.28-11.67.88-5.117.640.25
Debt repaid-0.08
Stock issued3.33,3000.27
Cash from financing0.030.450.125.14.5122.613.89.8221.1
Net change in cash0.010.023.250.045.081.79-1.319.247.69
Free cash flow-1.85-4.46-6.48-6.21-10.1-8.27-13.8
Interest paid0.01
Income taxes paid0.01

Key metrics

Worked out from the statements above. Latest values use the trailing twelve months to June 30, 2026; growth uses fiscal years. Valuation uses the share price of $3.02 on September 25, 2026.

Profitability

MetricValueHow it is calculated
Gross margin34.9%Gross profit / revenue.
Operating margin-1,744.0%Operating income / revenue.
EBITDA margin-1,733.0%EBITDA (operating income + depreciation and amortization) / revenue.
Net margin-1,670.0%Net income / revenue.
FCF margin-1,475.0%Free cash flow (cash from operations - capital expenditures) / revenue.
Operating cash flow margin-1,469.0%Cash from operations / revenue.
Return on equity (ROE)-104.6%Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)-85.1%Net income / average total assets.
Return on invested capital (ROIC)-8,729.0%Approximation: operating income x (1 - tax rate) / average (total debt + equity - cash). Tax rate is the effective rate when between 0% and 50%, else 21%.
R&D / revenue880.1%Research and development expense / revenue.
Stock-based pay / revenue253.7%Stock-based compensation (from the cash flow statement) / revenue.
Capex / revenue5.5%Capital expenditures / revenue.
D&A / revenue10.6%Depreciation and amortization / revenue.

Growth

MetricValueHow it is calculated
Revenue growth, 1y-23.9%Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y65.5%Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Revenue CAGR, 5y43.8%Compound annual growth of revenue over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Gross profit growth, 1y-24.7%Gross profit vs the same period a year earlier. Only from a positive base.
Book value growth, 1y39.4%Book value vs the same period a year earlier. Only from a positive base.
Book value CAGR, 3y29.2%Compound annual growth of book value over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Book value CAGR, 5y45.0%Compound annual growth of book value over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Total assets growth, 1y22.4%Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y19.7%Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets CAGR, 5y37.5%Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Share count change, 1y38.9%Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 3y30.7%Change in diluted weighted shares, per year over 3 years. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 5y-66.1%Change in diluted weighted shares, per year over 5 years. Negative means buybacks shrank the share count; positive means dilution.

Balance sheet health

MetricValueHow it is calculated
Current ratio5.82xCurrent assets / current liabilities.
Quick ratio5.23x(Cash + short-term investments + receivables) / current liabilities.
Cash ratio5.03x(Cash + short-term investments) / current liabilities.
Liabilities / assets18.6%Total liabilities / total assets.
Working capital$16.5MCurrent assets - current liabilities.
Tangible book value$17.4MShareholders' equity - goodwill - intangible assets.

Efficiency

MetricValueHow it is calculated
Asset turnover0.05xRevenue / average total assets.
Fixed asset turnover4.38xRevenue / average property, plant and equipment.
Inventory turnover2.91xCost of revenue / average inventory.
Days inventory125 days365 x average inventory / cost of revenue.
Receivables turnover1.61xRevenue / average receivables.
Days sales outstanding227 days365 x average receivables / revenue.
Days payables230 days365 x average accounts payable / cost of revenue.
Cash conversion cycle122 daysDays inventory + days sales outstanding - days payables.

Per share

MetricValueHow it is calculated
EPS, diluted-$1.08Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
Revenue per share$0.06Revenue / diluted weighted shares.
FCF per share-$0.96Free cash flow / diluted weighted shares.
Operating cash flow per share-$0.95Cash from operations / diluted weighted shares.
Book value per share$1.03Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Tangible book per share$1.03Tangible book value / shares outstanding.
Cash per share$1.02(Cash + short-term investments) / shares outstanding.

Valuation

MetricValueHow it is calculated
Market cap$50.8MShare price x shares outstanding.
Enterprise value$33.5MMarket cap + total debt - cash - short-term investments.
P/S46.6xMarket cap / revenue.
P/B2.92xMarket cap / shareholders' equity. Only when equity is positive.
Price / tangible book2.92xMarket cap / tangible book value, when positive.
EV/Sales30.8xEnterprise value / revenue.
FCF yield-31.7%Free cash flow / market cap.
Earnings yield-35.9%Net income / market cap (the inverse of P/E).
What was Odysight.ai Inc.'s revenue in fiscal 2025?

Odysight.ai Inc. reported revenue of $3.0M for fiscal 2025, 23.9% lower than the year before.

Was Odysight.ai Inc. profitable in fiscal 2025?

No. It reported a net loss of $17.0M.

How much free cash flow did Odysight.ai Inc. generate in fiscal 2025?

Cash from operations of $13.7M minus capital expenditures of $56.0K left free cash flow of -$13.8M.

Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.

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