Odysight.ai ended Q1 2026 with a $14 million backlog as of March 31 and $21.8 million in cash, with no debt and a 26% gross margin. Operating expenses of $5.4 million increased year-over-year due to expanded US and European sales and marketing investments.

The company received two pilot orders from a major defense customer for monitoring an operational combat helicopter and a critical component in an airborne weapons system, both now active. It also entered a Cooperative Research and Development Agreement with NAWCAD to advance AI-driven visual sensing for carrier arresting cables and partnered with XP Services to begin Sikorsky UH-60 Black Hawk flight tests in coming weeks.

Initial industrial predictive monitoring systems were delivered to European customers under an existing partnership, and a collaboration agreement with GACI Technologies aims to expand into the French aerospace and defense market with initial POs expected in 2026. The company also completed a dual listing on the Tel Aviv Stock Exchange to broaden its investor base and support European growth.