Here are 1-2 brief analogies for Odysight ai (ODYS):

• C3.ai for industrial assets, using AI and machine vision to predict maintenance needs.
• Palantir for industrial equipment health, leveraging AI and computer vision to prevent critical failures.

• Predictive Maintenance Solutions: Utilizes visual AI and thermal sensing to monitor industrial assets for early detection of anomalies and potential failures, optimizing operational efficiency.
• Quality Control Solutions: Deploys visual AI and thermal imaging to inspect manufacturing processes and products, ensuring real-time defect identification and adherence to quality standards.

Odysight.ai (ODYS) primarily sells its advanced AI-powered computer vision solutions to other companies and government organizations, making it a Business-to-Business (B2B) and Business-to-Government (B2G) provider. Its solutions are aimed at industrial, security, and defense sectors.

According to its Annual Report on Form 10-K for the fiscal year ended December 31, 2023, Odysight.ai is dependent on a limited number of customers for a substantial portion of its revenue:

• For the year ended December 31, 2023, two customers accounted for approximately 74% of its total revenues.
• The Company's largest customer accounted for approximately 49% of total revenues in 2023.
• The Company's second largest customer accounted for approximately 25% of total revenues in 2023.

However, Odysight.ai does not publicly disclose the specific names of these major customers in its SEC filings or readily available press releases. Therefore, their names and public symbols cannot be provided.

Yehu Ofer, Chief Executive Officer

Yehu Ofer assumed the role of CEO at Odysight.ai in October 2022. He is a retired Colonel from the Israeli Air Force (IAF), where he commanded operational squadrons and served as Israel's defense attaché to Italy, Greece, Serbia, and Croatia. In the private sector, Mr. Ofer held senior management positions at Elbit Systems Ltd., including Vice President of large-scale development programs for their aerospace division and Vice President of the Brazil business unit. He also served as Vice President of Global Business Development, Marketing, and Sales at Elbit Systems. Mr. Ofer holds an MA in International Relations from the University of Haifa and a BA in Economics and Logistics from Bar Ilan University.

Einav Brenner, Chief Financial Officer

Einav Brenner was appointed as Odysight.ai's Chief Financial Officer on May 6, 2024. She brings over 15 years of experience in multinational high-tech and pharmaceutical industries. Before joining Odysight.ai, Ms. Brenner was the VP Finance of Solato Ltd., a fast-growing food tech company, where she supported global company activities, including strategic decision-making, significant commercial agreements, building financial and operational teams, and handling fundraising and investor relations. She also served as an Executive Director of Finance at RedHill Biopharma Ltd., where she facilitated fundraising activities and managed complex transactions. Her career also includes financial positions at Vizrt Inc., Viola Ventures, and PricewaterhouseCoopers. Ms. Brenner is a CPA (Israel) and holds a Bachelor of Accounting, Economics and Business Administration, and an MBA in Financial Management from Tel Aviv University.

Eli Israeli, Chief Technology Officer

Eli Israeli serves as the Chief Technology Officer of Odysight.ai. His prior roles include CTO at Gadfin and Senior Vice President of Research & Development and Program Management at Israel Aerospace Industries (IAI). He has also held senior positions within the Israel Ministry of Defense and the Israeli Air Force's UAVs and Optronics Division.

Jacob Avinu, Senior Vice President, Product Portfolio

Jacob Avinu is the Senior Vice President, Product Portfolio at Odysight.ai. He was previously the Chief Engineer of Research & Development for HMDs & Sensors at Elbit Systems.

Amir Govrin, VP Special Operations

Amir Govrin holds the title of VP Special Operations at Odysight.ai. He previously served as CTO at Scoutcam and Odysight.AI and held various R&D Management positions at Medigus.

The rise of well-funded, integrated defense technology companies like Anduril Industries that offer comprehensive, end-to-end AI-powered autonomous surveillance and defense platforms. Anduril's approach of combining advanced sensors with sophisticated AI software and command-and-control systems for persistent surveillance and threat detection directly competes with and potentially offers more complete solutions than Odysight.ai's specialized motion and visual sensing products, potentially eroding Odysight.ai's market share in key defense and homeland security sectors.

Odysight.ai (ODYS) operates in several addressable markets with its AI-powered visual sensing and Predictive Maintenance (PdM) solutions.

For its Industrial Predictive Monitoring Systems, such as those for elevator belt monitoring, the global addressable market is estimated to be approximately $87 billion in 2025, with projected growth to about $126 billion by 2034. This growth is largely driven by the continuous development of smart cities and megaprojects in industrial infrastructure worldwide.

In the broader AI-driven Predictive Maintenance (PdM) market, which encompasses many of Odysight.ai's solutions, the global market size varies slightly across reports:

• The global AI-Powered Predictive Maintenance market is valued at $7.9 billion in 2025 and is projected to reach $27.6 billion by 2033, demonstrating a compound annual growth rate (CAGR) of 29.50%.
• Another estimate values the global AI in Predictive Maintenance Market at USD 850.6 million in 2024, with an anticipated rise to USD 2,342.6 million by 2032, expanding at a CAGR of 13.5% between 2025 and 2032.
• Further data indicates this market is expected to grow from USD 869.8 million in 2025 to USD 2,875.2 million by 2035, at a CAGR of 12.7%.
• North America is a significant region within this market, holding the largest market share, accounting for 35% of the global market.

Odysight.ai also offers solutions for specific sectors, with their respective global addressable markets for AI-powered applications:

• AI in Aerospace and Defense: The global AI in aerospace and defense market was valued at USD 22.45 billion in 2023 and is projected to reach USD 43.02 billion by 2030, growing at a CAGR of 9.8% from 2024 to 2030. Another report projects growth from USD 27.95 billion in 2025 to USD 65.43 billion by 2034, with a CAGR of 9.91%. North America held the largest revenue share in this market in 2023, at 40%.
• AI in Energy: The global AI in energy market was estimated at USD 15.45 billion in 2024 and is projected to reach approximately USD 75.53 billion by 2034, with a CAGR of 17.20%. Another source estimates the market size at USD 11.30 billion in 2024, anticipated to reach USD 54.83 billion by 2030, with a CAGR of 30.2% from 2025 to 2030. The Asia Pacific region dominated this market in 2024.
• Predictive Airplane Maintenance: The global predictive airplane maintenance market was valued at USD 5.3 billion in 2024 and is expected to grow to USD 18.2 billion by 2034, at a CAGR of 13.1% during the period of 2025-2034.

Here are 3-5 expected drivers of future revenue growth for Odysight.ai (ODYS) over the next 2-3 years:

1. Expansion into New Industrial Markets: Odysight.ai is strategically expanding its presence in the industrial sector, notably with a recent commercial purchase order for 200 industrial predictive monitoring systems for elevators from a leading European industrial sensing provider. This move signifies a transition from pilot programs to commercial rollout in a high-volume market segment. The company's CEO, Yehu Ofer, emphasized that elevator belt monitoring is "only the beginning" and that the scalability of this solution opens the door to a vast market of similar applications across various industrial systems. The broader industrial predictive monitoring market is projected to grow from approximately $87 billion in 2025 to $126 billion in 2034, driven by the continuous development of smart cities and large-scale industrial infrastructure projects globally. Additionally, Odysight.ai has received a purchase order for an industrial solution to be deployed in diverse sectors, including cranes, elevators, and transportation systems.
2. Growth in Aerospace and Defense Sector Partnerships: The company is strengthening its position within the aerospace and defense sectors through strategic collaborations and deployments. Odysight.ai has entered into a collaboration agreement with a multinational technology group to integrate its predictive maintenance capabilities, initially focusing on heavy vehicles in defense, mining, agriculture, and autonomous vehicle sectors. This partnership aims to scale its predictive maintenance technology beyond traditional aviation applications. Furthermore, Odysight.ai has successfully delivered a system for the Heron TP UAV platform to the Israeli Ministry of Defense (MOD) and Israeli Air Force (IAF) and secured purchase orders for the Israel Air Force's Boeing AH-64 Apache attack helicopter prototype and from France-based Safran aircraft engines.
3. Increase in Recurring Revenue Streams: Odysight.ai anticipates future revenue growth to be driven by both initial product deployments and subsequent recurring service agreements. This strategy is particularly evident with the elevator monitoring systems, where the conversion of pilot customers into ongoing service contracts is highlighted as a key revenue driver. This focus on recurring revenue is expected to provide a more stable and predictable income stream.
4. Technological Innovation and New Product Development: The company is continuously investing in its visual solutions portfolio, which includes image acquisition, data collection, storage, and image processing, with a focus on developing new Predictive Maintenance (PdM) and Condition-Based Monitoring (CBM) applications. Increased operating expenses in recent periods have been partly attributed to the development of new Industry 4.0 products, indicating ongoing investment in offerings that are expected to contribute to future revenue. Odysight.ai's core competency in AI-powered visual sensing and predictive maintenance underpins its ability to introduce innovative solutions.
5. Geographic Market Expansion: Odysight.ai's recent commercial order for elevator monitoring systems marks a significant strategic entry and initial commercial deployment within Europe's Industry 4.0 ecosystem. Plans are also in place for a pilot program with transportation system OEMs in Europe to potentially expand globally. The company's CEO has expressed a commitment to "long-term growth prospects" and "success in Aerospace and new verticals" with global leaders, indicating a broader strategy for international market penetration.

Share Issuance

• In February 2025, Odysight.ai completed a U.S. underwritten public offering, raising approximately $23.7 million in gross proceeds. This offering involved the issuance of 3,307,692 shares at $6.50 per share.
• As of June 30, 2025, 16,326,656 shares were issued and outstanding, an increase from 12,612,517 shares outstanding as of December 31, 2024.
• In July 2024, Odysight.ai completed a private placement equity financing, resulting in the issuance of up to 2,144,583 shares of common stock.

Inbound Investments

• A U.S. underwritten public offering in February 2025 generated approximately $23.7 million in gross proceeds for the company.
• As of March 31, 2025, the company reported a net cash position of approximately $37.2 million.

Outbound Investments

• On February 28, 2024, Odysight.ai Inc. formed D. VIEW Ltd., a wholly owned subsidiary in Israel to act as a local agent for the defense market.
• On January 9, 2025, the company formed another wholly-owned subsidiary, Odysight.Ai Eu S.r.l., in Italy.

Capital Expenditures

• Capital expenditures, as indicated by property, plant, and equipment, were $0.38 million in FY 2020, $1.26 million in FY 2021, $0.96 million in FY 2022, $1.86 million in FY 2023, and $1.52 million in FY 2024.
• For the trailing twelve months ended June 2025, property, plant & equipment was $1.30 million.
• Proceeds from capital raises are intended to be used for expanding research and development, increasing sales and marketing, and other general corporate purposes, which may include capital expenditures.