Odysight.ai (NASDAQ:ODYS) Announces Earnings Results

Key Points

• Odysight.ai reported a quarterly earnings loss of ($0.25) per share, with a negative return on equity of 58.27% and a negative net margin of 220.30%.
• Shares of Odysight.ai traded at $3.86, marking a decline and reaching its 1-year low, while the company has a market capitalization of $63 million.
• In insider trading news, major shareholder Y.D. More Investments Ltd sold 8,600 shares for a total of $45,494, reducing their stake in the company by 1.19%.

Odysight.ai (NASDAQ:ODYS - Get Free Report) announced its quarterly earnings data on Wednesday. The company reported ($0.25) earnings per share for the quarter, Zacks reports. Odysight.ai had a negative return on equity of 54.92% and a negative net margin of 293.91%. The business had revenue of $0.36 million for the quarter.

Odysight.ai Stock Performance

Shares of Odysight.ai stock traded up $0.25 during midday trading on Monday, hitting $4.21. 2,160 shares of the company traded hands, compared to its average volume of 18,614. The stock has a market capitalization of $68.75 million, a PE ratio of -3.97 and a beta of 0.36. The business has a fifty day simple moving average of $4.77. Odysight.ai has a 12 month low of $3.86 and a 12 month high of $10.80.

Insider Activity

In related news, major shareholder Y.D. More Investments Ltd sold 8,600 shares of Odysight.ai stock in a transaction that occurred on Tuesday, May 20th. The shares were sold at an average price of $5.29, for a total transaction of $45,494.00. Following the sale, the insider directly owned 715,140 shares of the company's stock, valued at approximately $3,783,090.60. The trade was a 1.19% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Over the last 90 days, insiders have sold 10,550 shares of company stock worth $55,231.

Odysight.ai Company Profile

Odysight.ai, Inc engages in the development and manufacture of customized visual solutions for organizations across a variety of industries in the form of micro cameras and supplementary technologies. Its devices can used across the medical, aerospace, industrial, research, and defense industries. The company was founded on March 22, 2013 and is headquartered in Omer, Israel.