Odysight.ai Inc.
For the period ended Dec 31, 2024. Filed Mar 26, 2025.
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FY2024 · Filed Mar 26, 2025
ODYS$1.70-2.9%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 8. Consolidated Statements of Cash Flows
| Year ended December 31, | ||
|---|---|---|
| 2024 | 2023 | |
| USD in thousands | ||
| CASH FLOWS FROM OPERATING ACTIVITIES: | ||
| Net loss | (11,767) | (9,445) |
| Adjustments to reconcile net loss to net cash used in operating activities: | ||
| Depreciation | 123 | 284 |
| Stock based compensation | 2,386 | 1,664 |
| Profit (Loss) from exchange differences on cash and cash equivalents | 19 | (159) |
| Interest and exchange differences from operating lease liability | (12) | - |
| Severance pay asset and liability | 10 | 50 |
| Interest income in respect of deposits | 84 | (49) |
| CHANGES IN OPERATING ASSET AND LIABILITY: | ||
| Increase in accounts receivable | (138) | (1,312) |
| Decrease in inventory | 301 | 126 |
| Decrease in operating lease liability | (379) | (391) |
| Decrease in right-of-use asset | 379 | 381 |
| Decrease (increase) in other current and non-current assets | (156) | (247) |
| Increase (decrease) in account payable | 155 | (10) |
| Decrease in contract fulfillment assets | 239 | 239 |
| Increase (decrease) in current and non-current contract liabilities | (247) | (1,322) |
| Increase in accrued compensation expenses | 578 | 181 |
| Increase (decrease) in related parties | 79 | (17) |
| Increase (decrease) in other current and non-current liabilities | 129 | 18 |
| Net cash flows used in operating activities | (8,217) | (10,009) |
| CASH FLOWS FROM INVESTING ACTIVITIES: | ||
| Purchase of property and equipment | (53) | (113) |
| Withdrawal of short terms deposits | 8,000 | 21,500 |
| Investment in short terms deposits and restricted deposit | (310) | (26,500) |
| Net cash flows provided by (used in) investing activities | 7,637 | (5,113) |
| CASH FLOWS FROM FINANCING ACTIVITIES: | ||
| Proceeds from issuance of shares and warrants | 9,818 | 13,809 |
| Net cash flows provided by financing activities | 9,818 | 13,809 |
| INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS | 9,238 | (1,313) |
| BALANCE OF CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR | 8,945 | 10,099 |
| PROFITS (LOSS) FROM EXCHANGE DIFFERENCES ON CASH AND CASH EQUIVALENTS | (19) | 159 |
| BALANCE OF CASH AND CASH EQUIVALENTS AT END OF YEAR | 18,164 | 8,945 |
Non cash activities -
| Year ended December 31, | ||
|---|---|---|
| 2024 | 2023 | |
| USD in thousands | ||
| SUPPLEMENTAL INFORMATION FOR CASH FLOW: | ||
| Right-of-use assets obtained in exchange for operating lease liabilities | 167 | 1,506 |
| Termination of right-of-use assets in exchange for cancellation of operating lease obligations | (55) | (52) |
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