“Comparison of the three months ended March 31, 2026 and 2025 The following table summarizes our results of operations for the three months period ended March 31, 2026 and 2025, together with the changes in those items in dollars and as a percentage: Three months ended March 31, 2026 2025 % Change Revenues 82,000 2,065,000 (96 )% Cost of Revenues 61,000 1,527,000 (96 )% Gross Profit 21,000 538,000 (96 )% Research and development expenses 2,557,000 2,487,000 3 % Sales and marketing expense 962,000 396,000 143 % General and administrative expenses 1,840,000 2,215,000 (17 )% Operating Loss (5,338,000 ) (4,560,000 ) 17 % - 20 - Revenues As a result of the nature of our target market and the current stage of our sales development, a substantial portion of our revenue comes from a limited number of customers.”
ODYS 10-Q