Odysightai Inc
For the period ended Jun 30, 2024. Filed Aug 14, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2024 · Filed Aug 14, 2024
ODYS$1.75-1.1%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Cash Flows
INTERIM CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
| Six months ended June 30, | Three months ended June 30, | |||
|---|---|---|---|---|
| 2024 | 2023 | 2024 | 2023 | |
| Unaudited | ||||
| USD in thousands | ||||
| CASH FLOWS FROM OPERATING ACTIVITIES: | ||||
| Net loss | (5,344) | (5,562) | (2,182) | (2,876) |
| Adjustments to reconcile net loss to net cash used in operations: | ||||
| Depreciation | 64 | 192 | 31 | 37 |
| Stock based compensation | 963 | 685 | 463 | 337 |
| Severance pay asset and liability | (13) | 54 | (13) | - |
| Interest and exchange differences from operating lease liability | (42) | (22) | (25) | (13) |
| Loss from exchange differences on cash and cash equivalents | 40 | 53 | 19 | 49 |
| Interest income in respect of deposits | 96 | (189) | 228 | (231) |
| Changes in operating assets and liability items: | ||||
| Decrease (increase) in accounts receivable | 614 | (98) | (635) | (97) |
| Decrease (Increase) in inventory | 65 | (94) | 165 | (31) |
| Decrease in operating lease liability | (226) | (110) | (112) | (62) |
| Decrease in right-of-use asset | 227 | 94 | 118 | 50 |
| Increase in other current and non-current assets | (225) | (387) | (95) | (104) |
| Increase (decrease) in account payable | 5 | 477 | (107) | 409 |
| Increase (decrease) in related parties | 1 | (11) | 3 | 39 |
| Decrease in contract fulfillment assets | 120 | 119 | 60 | 59 |
| Decrease in current and non-current contract liabilities | (127) | (683) | (52) | (455) |
| Increase in accrued compensation expenses | 419 | 89 | 66 | 152 |
| Increase (decrease) in other current and non-current liabilities | 40 | 310 | (25) | 128 |
| Net cash flows used in operating activities | (3,323) | (5,083) | (2,093) | (2,609) |
| CASH FLOWS FROM INVESTING ACTIVITIES: | ||||
| Purchase of property and equipment | (30) | (57) | (8) | (42) |
| Withdrawal of short terms deposits | 8,000 | 3,000 | 8,000 | - |
| Investment in short term deposits | - | (18,500) | - | (3,500) |
| Net cash flows provided by (used in) investing activities | 7,970 | (15,557) | 7,992 | (3,542) |
| CASH FLOWS FROM FINANCING ACTIVITIES: | ||||
| Proceeds from issuance of shares and warrants | - | 13,913 | - | (64) |
| Net cash flows provided by (used in) financing activities | - | 13,913 | - | (64) |
| INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS AND RESTRICTED CASH | 4,647 | (6,727) | 5,899 | (6,215) |
| BALANCE OF CASH AND CASH EQUIVALENTS AND RESTRICTED CASH AT BEGINNING OF THE PERIOD | 8,945 | 10,099 | 7,672 | 9,583 |
| LOSS FROM EXCHANGE DIFFERENCES ON CASH AND CASH EQUIVALENTS AND RESTRICTED CASH | (40) | (53) | (19) | (49) |
| BALANCE OF CASH AND CASH EQUIVALENTS AND RESTRICTED CASH AT THE END OF THE PERIOD | 13,552 | 3,319 | 13,552 | 3,319 |
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Non-cash activities -
| Six months ended June 30, | Three months ended June 30, | |||
|---|---|---|---|---|
| 2024 | 2023 | 2024 | 2023 | |
| Unaudited | ||||
| USD in thousands | ||||
| Non cash activities | ||||
| Right-of-use assets obtained in exchange for operating lease liabilities | 120 | 465 | 33 | 382 |
| Termination of right-of-use assets in exchange for cancellation of operating lease obligations | (55) | (25) | (24) | (25) |
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