Odysight.ai Inc.
For the period ended Mar 31, 2026. Filed May 14, 2026.
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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.
Mar 31, 2026 · Filed May 14, 2026
ODYS$1.70-2.9%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Statements of Cash Flows
INTERIM CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
| Three months ended | ||
|---|---|---|
| March 31, | ||
| 2026 | 2025 | |
| Unaudited | ||
| USD in thousands | ||
| CASH FLOWS FROM OPERATING ACTIVITIES: | ||
| Net loss | (5,181) | (4,265) |
| Adjustments to reconcile net loss to net cash used in operations: | ||
| Depreciation | 27 | 27 |
| Stock based compensation | 886 | 806 |
| Loss from exchange differences | 20 | 29 |
| Interest income in respect of deposits | - | 12 |
| CHANGES IN OPERATING ASSET AND LIABILITY ITEMS: | ||
| Decrease in accounts receivable | 174 | 1,318 |
| Decrease (increase) in inventory | (263) | 203 |
| Decrease in operating lease liability | (139) | (136) |
| Decrease in right-of-use asset | 127 | 118 |
| Increase in unbilled receivables | (34) | (96) |
| Increase (decrease) in current and non-current other assets | 96 | (8) |
| Increase (decrease) in account payables | (28) | 9 |
| Increase (decrease) in related parties | (27) | 98 |
| Decrease in contract fulfillment assets | - | 1,017 |
| Decrease in current and non-current contract liabilities | (32) | (1,832) |
| Increase in accrued compensation expenses | 110 | 332 |
| Increase in current and non-current other liabilities | 10 | 135 |
| Net cash flows used in operating activities | (4,254) | (2,233) |
| CASH FLOWS FROM INVESTING ACTIVITIES: | ||
| Withdrawal of short-term deposits | - | 310 |
| Purchase of property and equipment | (6) | (27) |
| Net cash flows provided by (used in) investing activities | (6) | 283 |
| CASH FLOWS FROM FINANCING ACTIVITIES: | ||
| Proceeds from issuance of shares, net of issuance cost | - | 20,909 |
| Proceeds from options exercise | 32 | 113 |
| Net cash flows provided by financing activities | 32 | 21,022 |
| INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS AND RESTRICTED CASH | (4,228) | 19,072 |
| BALANCE OF CASH AND CASH EQUIVALENTS AND RESTRICTED CASH AT BEGINNING OF YEAR | 26,010 | 18,164 |
| PROFIT FROM EXCHANGE DIFFERENCES ON CASH AND CASH EQUIVALENTS AND RESTRICTED CASH | (19) | (29) |
| BALANCE OF CASH AND CASH EQUIVALENTS AND RESTRICTED CASH AT THE END OF THE PERIOD | 21,763 | 37,207 |
| Reconciliation of cash, cash equivalents and restricted cash to the consolidated balance sheet: | ||
| Cash and cash equivalents | 21,763 | 36,881 |
| Restricted cash | - | 326 |
| Total cash, cash equivalents and restricted cash | 21,763 | 37,207 |
SUPPLEMENTAL INFORMATION FOR CASH FLOW:
Non-cash activities -
| Three months ended March 31, | ||
|---|---|---|
| 2026 | 2025 | |
| Unaudited | ||
| USD in thousands | ||
| Right-of-use assets obtained in exchange for operating lease liabilities | 103 | - |
| Termination of right-of-use assets in exchange for derecognition of operating lease obligations | (76) | - |
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