Odysight.ai Inc. Common Stock

Boeing has received an amended type certificate from the U.S. Federal Aviation Administration for its 737-7 aircraft, clearing the smallest and longest-range member of the 737 MAX family for commercial service. The certification reduces uncertainty around MAX program delays and supports backlog conversion, while Odysight.ai Inc. announced a Memorandum of Agreement with Boeing to trial its computer vision-based predictive maintenance platform at two Boeing sites. Boeing's narrative projects $125.6 billion revenue and $7.9 billion earnings by 2029, requiring 10.9% yearly revenue growth and a $6.0 billion earnings increase from $1.9 billion today. Some analysts remain cautious, assuming revenue of about US$121.2 billion and earnings of US$5.9 billion by 2029, citing quality control and certification delays as core risks.

Odysight.ai reported financial results for the first half of 2026 and provided a business update, highlighting a backlog of $16.45 million as of the release date, up from $14.1 million as of June 30, 2026. The company received its first purchase order from Boeing to showcase its AI-powered predictive maintenance solution at two Boeing sites, marking the start of a direct OEM relationship with potential for broader integration across Boeing's rotorcraft and defense portfolio. Additional purchase orders were received from Elbit Systems on behalf of the Israeli Ministry of Defense and from Honeywell Aerospace APU Division for a proof-of-concept collaboration. Revenues for the first half of 2026 were $0.5 million, compared to approximately $2.4 million in the same period of 2025, with the decrease primarily attributable to $1.86 million in first quarter 2025 revenues from a Fortune 500 medical company customer. Net loss was approximately $9.5 million, compared to approximately $8.3 million in the prior year period, and the company ended the half with approximately $17.6 million in cash and no debt.

Odysight.ai has signed a Memorandum of Agreement with Boeing to demonstrate its AI-powered visual sensing and predictive maintenance platform at two Boeing sites. The demonstrations will take place in laboratory and test environments as part of Boeing's industrial cooperation agreement with the Industrial Cooperation Authority. Odysight.ai's technology is already deployed with the Israeli Air Force on AH-64 Apache, SH-60 Seahawk, and Heron TP UAV platforms, and the company holds a CRADA with the U.S. Navy's NAWCAD Lakehurst and a proof-of-concept with Honeywell Aerospace's APU Division. CEO Yehu Ofer called the agreement a significant step forward and an honor for the company.

Odysight.ai clarified that it does not currently intend to utilize its at-the-market offering program at or near the current market price of its common stock. The company stated that the facility does not oblige it to issue or sell any shares, and it plans to use the program only under market conditions and at valuation levels that management believes are appropriate given its commercial progress, operational needs, and long-term prospects. No determination has been made to undertake sales under the ATM facility at this time, and there can be no assurance as to whether, when, or to what extent the facility may be utilized in the future. Management views the ATM facility as an additional financing tool that may provide useful financial flexibility should the company determine that additional capital is advisable to support working capital needs, commercial growth initiatives, or other strategic objectives.