Ondas Holdings

Ondas Holdings, Inc. engages in the development, marketing, and sale of wireless radio systems for secure, wide area mission-critical business-to-business networks. Its products include FullMAX network, which gives end-to-end IP connectivity, allowing utilities to extend secure corporate networks into the far reaches of service territories. The company was founded in 2006 and is headquartered in Waltham, MA.

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Ondas Holdings reports Q4 revenue decline, eyes growth opportunities

Ondas Holdings faces challenges with revenue recognition timing and operational expenses but shows strength in technology deployments and partnerships.
The company's outlook for 2023 targets significant revenue growth and operational efficiency, supported by a backlog and confidence from management.
Opportunities in rail safety technology adoption, drone system deployments, and AI integration present avenues for growth and value creation.

Ondas Holdings reports record Q1 revenues, addresses cost efficiency

Ondas Holdings had a strong Q1 2023, focusing on revenue growth and cost efficiency.
Partnerships and deployments showcase technological advancements and market expansion.
Challenges in expenses and supply chain require attention for sustained growth.
Opportunities lie in revenue optimization, customer engagements, and communication strategies.

Ondas Holdings reports robust Q2 revenue growth and eyes expansion

Ondas Holdings delivered strong Q2 performance with notable revenue growth and a focus on strategic partnerships. While facing challenges like inventory shortages, the company is well-positioned for growth with opportunities in new markets and revenue expansion. Ondas' strengthened balance sheet and growth trajectory bode well for future success.

Ondas Holdings reports robust Q3 revenue and eyes 2024 growth

Ondas Holdings showcased strong revenue performance in Q3, with a positive outlook for 2024 and expectations of doubling revenue.
The company's unique offerings in the Counter-UAS market and expertise in wireless network deployment provide competitive strengths.
While facing operational challenges, Ondas is focused on growth opportunities in railroads, drone services, and global expansion.

Ondas Holdings reports record revenues, eyes drone market expansion

Ondas Holdings delivered strong financial performance in 2023, with record revenues and improved operating loss, positioning the company for future growth.
Strategic initiatives such as forming Ondas Autonomous Holdings and focusing on drone business expansion highlight a forward-looking approach to market opportunities.
While facing profitability challenges and awaiting key orders, Ondas Holdings remains optimistic about 2024, emphasizing growth prospects and market positioning.

Ondas Holdings faces revenue setbacks but showcases technological prowess

Ondas Holdings navigated challenges in Q1 2024 with revenue setbacks but showcased technological prowess and strategic growth initiatives. The company's focus on network upgrades, customer engagements, and market expansion presents opportunities for future success.
While facing financial challenges and uncertainties, Ondas Holdings remains confident in its technology platforms and commitment to delivering value to investors. Revenue mix favoring Autonomous Systems and strategic partnerships position the company for growth and market differentiation.
With a unique FCC-certified radio system, commercial successes with key orders, and growth projections for its platforms, Ondas Holdings is poised for revenue growth and market leadership. Leveraging opportunities in defense markets and global production expansion can drive future success.

Ondas Holdings faces revenue challenges but secures key contracts

Ondas Holdings navigated revenue challenges in Q2 2024 but achieved significant milestones in key subsidiaries.
Financially, the quarter saw a decrease in revenues and gross profit, prompting a strategic outlook for growth.
The company's focus on defense and security markets aligns with long-term growth opportunities and technological advancements.
Anticipated revenue recovery and operational improvements in the second half of 2024 signal potential for financial resurgence.

Ondas Holdings secures military contracts, eyes revenue growth in Q4

Ondas Holdings showcased strong performance in securing military contracts and expanding its market presence. While facing challenges in production scalability and combat success, the company is optimistic about revenue growth in Q4 and beyond.

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Ondas Holdings, Inc. engages in the development, marketing, and sale of wireless radio systems for secure, wide area mission-critical business-to-business networks. It operates through the Ondas Networks and Ondas Autonomous Systems segments. The Ondas Networks segment provides wireless connectivity solutions enabling mission-critical Industrial Internet applications and services. The Ondas Autonomous Systems segment designs, develops, and markets commercial drone solutions via the Optimus System and Scout System. The company was founded on December 22, 2014 and is headquartered in Boston, MA.

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Ondas Holdings, Inc. (NASDAQ:ONDS ) Q3 2023 Earnings Conference Call November 14, 2023 8:30 AM ET Company Participants Eric Brock - Chairman, CEO, President & Interim CFO Stewart Kantor - Co-Founder & President, Ondas Networks Meir Kliner - President, Ondas Autonomous Systems Timothy Tenne - American Robotics CEO Conference Call Participants Timothy Horan - Oppenheimer Matthew Galinko - Maxim Group Operator Good day and welcome to the Ondas Holdings Inc, third quarter 2023 conference call. [Operator Instructions].

Ondas Holdings, Inc. (ONDS) Q3 2023 Earnings Call Transcript

$10.7 million in year-to-date revenues puts Ondas on track to meet prior revenue target of $15 million for the full year 2023 Record delivery of product shipments to Siemens drove Ondas Networks revenue to $2.4 million, a 60% Q-over-Q growth for the business unit Ondas Autonomous Systems (OAS) recently reported $ 2.6 million order for fleet expansion in Dubai reflecting increased demand in security and public safety markets Conference Call Scheduled for Today at 8:30 a.m. ET WALTHAM, MA / ACCESSWIRE / November 14, 2023 / Ondas Holdings Inc. (NASDAQ:ONDS) ("Ondas" or the "Company"), a leading provider of private industrial wireless networks and commercial drone and automated data solutions, reported financial and operating results for the third quarter ended September 30, 2023.

Ondas Holdings Reports Third Quarter 2023 Financial Results

Airobotics teams are working with leading Israeli Defense contractors to enhance and upgrade the Iron Drone Raider with capabilities to serve the requirements of Israeli Defense and homeland security forces protecting ground forces and facilities against small hostile drones WALTHAM, MA / ACCESSWIRE / November 13, 2023 / Ondas Holdings Inc. (NASDAQ:ONDS) ("Ondas" or the "Company"), a leading provider of private industrial wireless networks and commercial drone and automated data solutions, announced today that its wholly-owned subsidiary, Airobotics Ltd ("Airobotics"), is accelerating upgrades to its counter-UAS system, the Iron Drone Raider, to address the needs of the of Israeli Defense and homeland security forces during the current conflict in Gaza. Supported by major Israeli defense companies, Airobotics' teams are enhancing the interception system to meet specific defensive requirements rising from the field.

Ondas Holdings' Airobotics Accelerates Development of its Defensive Counter-UAS System, the Iron Drone Raider, to Meet Israel Defense Forces Requirements

Ondas and Maghrebnet sign Memorandum of Understanding (MOU) to offer advanced drone infrastructure in North Africa and manufacture Optimus Drone-In a-Box systems in the Kingdom of Morocco and Republic of Senegal, as well as establish a Joint Research and Development (R&D) & Training Center in Morocco Part of Ondas global expansion strategy and follows a similar agreement with the Kingdom of Saudi Arabia WALTHAM, MA / ACCESSWIRE / November 9, 2023 / Ondas Holdings Inc. (NASDAQ:ONDS) ("Ondas" or the "Company"), a leading provider of private industrial wireless networks and commercial drone and automated data solutions, announced today that it has signed a Memorandum of Understanding (MOU) with Maghrebnet, a Moroccan vendor specialized in information technologies, security, networks, telecommunications, electricity, and renewable energies. Through this partnership, Ondas expands into the Moroccan and broader North African market, offering advanced drone infrastructure for cities, industrial, and strategic facilities.

Ondas Holdings Expands Into North African Market Through a Strategic Partnership with Morocco-Based Maghrebnet

WALTHAM, MA / ACCESSWIRE / November 7, 2023 / Ondas Holdings Inc. (Nasdaq:ONDS), ("Ondas", or the "Company"), a leading provider of private industrial wireless networks and commercial drone and automated data solutions, will hold a conference call on Tuesday, November 14, 2023, at 8:30 a.m. Eastern time to discuss its financial results for the third quarter ended September 30, 2023.

Ondas Holdings to Report Third Quarter 2023 Financial Results on Tuesday, November 14, 2023, at 8:30 a.m. ET

New order for immediate delivery of additional Optimus Systems to be utilized by a local governmental entity in Dubai for Public Safety and Emergency Response applications Order represents continuation of customer plan to deploy city-wide Urban Drone Infrastructure across city of Dubai Optimus Systems have been extensively utilized by the local governmental entity in Dubai, carrying out thousands of operational drone flights without human intervention under challenging environmental conditions and in densely populated areas WALTHAM, MA / ACCESSWIRE / November 6, 2023 / Ondas Holdings Inc. (NASDAQ:ONDS) ("Ondas" or the "Company"), a leading provider of private industrial wireless networks and commercial drone and automated data solutions, announced today that its wholly-owned subsidiary, Airobotics LTD ("Airobotics"), has received a $2.6 million order for immediate delivery of additional Optimus Systems from a local governmental entity in Dubai for public safety and emergency response operations. Since 2020, the Optimus System has been extensively utilized by this local governmental entity in Dubai which has carried out thousands of operational drone flights without human intervention under challenging environmental conditions in densely populated areas demonstrating urban drone infrastructure for Public Safety and Emergency Response use cases.

Ondas Holdings' Airobotics Receives $2.6 Million Order for Optimus Drone Systems in Dubai, UAE

Mr. Tenne is a former U.S. Air Force officer with extensive experience in global aviation and aerospace industries and with professional experience across defense, enterprise, government, industrial and transportation sectors Mr. Tenne will lead the scaling of the business to drive adoption of Ondas' autonomous drone platforms across the Americas on the heels of receiving U.S. FAA Type Certification for the Optimus drone system Ondas and American Robotics leadership will continue to work closely with and support Ondas' Israeli team during the current ongoing crisis WALTHAM, MA / ACCESSWIRE / October 11, 2023 / Ondas Holdings Inc. (NASDAQ:ONDS), ("Ondas", or the "Company"), a leading provider of private industrial wireless networks and commercial and automated data solutions is pleased to announce that Timothy "T3" Tenne has been appointed as Chief Executive Officer of American Robotics Inc. ("American Robotics"), a wholly owned subsidiary of Ondas.

Ondas Holdings Appoints Industry Veteran Timothy "T3" Tenne as CEO of American Robotics

First of its kind use of drones in maritime security conducted with the Israel Port Company (IPC), which is responsible for commercial seaports in Israel Optimus System was successfully tested as an integrated surveillance tool, assisting with port security efforts, reducing response time, and cutting the cost of manned security boats WALTHAM, MA / ACCESSWIRE / September 26, 2023 / Ondas Holdings Inc. (NASDAQ:ONDS) ("Ondas" or the "Company"), a leading provider of private industrial wireless networks and commercial drone and automated data solutions, announced today that its wholly owned subsidiary Airobotics has successfully completed a proof-of-concept (PoC) of the Optimus Drone Infrastructure in the Haifa port area. The PoC was conducted with the Israel Port Company (IPC), which is responsible for planning, development, construction, maintenance, and enhancement of Israel's commercial seaports in Haifa, Ashdod, and Eilat.

Ondas Holdings' Airobotics Completes Optimus Drone Infrastructure Proof-of-Concept at Major Seaport in Israel

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WALTHAM, MA / ACCESSWIRE / September 21, 2023 / Ondas Holdings Inc. (NASDAQ:ONDS), ("Ondas Holdings", "Ondas", or the "Company"), a leading provider of private industrial wireless networks and commercial and automated data solutions announced today that Yishay Curelaru has been promoted to Chief Financial Officer (CFO), Treasurer and Secretary. Mr. Curelaru will report directly to Eric Brock, Ondas' Chief Executive Officer.

Ondas Holdings Promotes Yishay Curelaru, Seasoned Technology Executive, to Chief Financial Officer

The FAA's Associate Administrator for Aviation Safety announced yesterday that the Optimus-1EX Uncrewed Aircraft was granted a Type Certificate during Commercial UAV Expo held in Las Vegas.  Airobotics, an Ondas Holdings (NASDAQ: ONDS) company, is currently the first and only US company that can provide a permanent "Drone-in-a-Box" with a Type Certification and operate it in complex urban environments.

Airobotics is the first US company to receive FAA's Airworthiness Certification for a Drone-in-a-Box for Emergency Response and Data Capturing Applications

Optimus-1EX Uncrewed Aircraft is the first non-air carrier drone designed for autonomous security and data capture that has been granted Type Certification by the Federal Aviation Administration (FAA) Type Certification, recognized as the highest echelon of Airworthiness Certification, will streamline approval of drone fleet deployments across American cities and urban zones for critical functions such as Public Safety and other vital services The FAA's Associate Administrator for Aviation Safety is expected to announce the Type Certificate approval during a keynote today at the Commercial UAV Expo held in Las Vegas WALTHAM, MA / ACCESSWIRE / September 6, 2023 / Ondas Holdings Inc. (NASDAQ:ONDS) ("Ondas" or the "Company"), a leading provider of private industrial wireless networks, commercial drones and automated data solutions, announced today that the U.S. Federal Aviation Administration (FAA) has granted the Optimus-1EX system a Type Certificate that will streamline operational approvals for broad flight operations over people and infrastructure. The certification verifies the compliance of the system's design with the required FAA airworthiness and noise standards, ensuring safe operation within the National Airspace System (NAS) thereby significantly broadening the range of operational scenarios and scaling up of operations for automated Uncrewed Aircraft (UAs).

Ondas Holdings' Airobotics Optimus 1-EX Drone Receives Historic U.S. FAA Type Certification, Paving Way for Security and Data Capture Innovation

Grant will support the development of additional capabilities, for the Iron Drone Raider, a drone interception system for civil environments, integrating AI and autonomous flight technologies Serves as further recognition of Airobotics' innovation and significant contribution to the Israeli aerospace industry, which is renowned for its pioneering work in the world's most advanced drone and interception technologies WALTHAM, MA / ACCESSWIRE / August 30, 2023 / Ondas Holdings Inc. (NASDAQ:ONDS) ("Ondas" or the "Company"), a leading provider of private industrial wireless networks and commercial drone and automated data solutions, announced today that the Israel Innovation Authority (IIA) has awarded a grant worth NIS 2.1 million (approximately $540,000) to support further development of its Iron Drone Raider counter-uncrewed aircraft system (UAS) owned by its wholly-owned subsidiary Airobotics LTD. ("Airobotics").

Ondas Holdings' Airobotics Awarded Approximately $540,000 Grant from the Israel Innovation Authority to Further Advance its AI-Based Counter-Drone System

Ondas Holdings, Inc. (NASDAQ:ONDS ) Q2 2023 Earnings Conference Call August 14, 2023 8:30 AM ET Company Participants Eric Brock - Chairman & Chief Executive Officer Derek Reisfield - Chief Financial Officer Stewart Kantor - Founder & President, Ondas Networks Meir Kliner - Founder, Airobotics & President, Ondas Autonomous Systems Conference Call Participants Timothy Horan - Oppenheimer Matthew Galinko - Maxim Group William Morrison - B. Riley Operator Welcome to the Ondas Holdings, Inc. Second Quarter 2023 Conference Call.

Ondas Holdings, Inc. (ONDS) Q2 2023 Earnings Call Transcript

Record revenues of $5.5 million in Q2 2023 with over 800% growth driven by both Ondas Networks and Ondas Autonomous Systems business units Strengthened balance sheet with $25 million in capital raised from private and institutional investors in Q3 OAS entered new partnerships to distribute the Optimus System in the US, India and Saudi Arabia Conference Call Scheduled for Today at 8:30 a.m. ET WALTHAM, MA / ACCESSWIRE / August 14, 2023 / Ondas Holdings Inc. (Nasdaq:ONDS) ("Ondas" or the "Company"), a leading provider of private industrial wireless networks and commercial drone and automated data solutions, reported financial and operating results for the second quarter ended June 30, 2023.

Ondas Holdings Reports Second Quarter 2023 Financial Results

WALTHAM, MA / ACCESSWIRE / August 3, 2023 / Ondas Holdings Inc . (Nasdaq:ONDS) ("Ondas" or the "Company"), a leading provider of private industrial wireless networks and commercial drone and automated data solutions, will hold a conference call on Monday, August 14, 2023, at 8:30 a.m.

Ondas Holdings to Report Second Quarter 2023 Financial Results on Monday, August 14, 2023, at 8:30 a.m. ET

Partnership combines Skyfire's expertise in delivering aerial data solutions to public safety customers and Ondas' advanced autonomous drone technology Optimus System will be deployed as urban drone infrastructure supporting public safety and Drone First Responder (DFR) customers Skyfire has worked with hundreds of police departments across the United States, many of which are looking for automated drone solutions WALTHAM, MA and ATLANTA, GA / ACCESSWIRE / August 1, 2023 / Ondas Holdings Inc. (NASDAQ:ONDS) ("Ondas"), a leading provider of private industrial wireless networks and commercial drone and automated data solutions and Skyfire Consulting ("Skyfire") (skyfireconsulting.com), the most trusted and experienced public safety UAS consulting group, announced today that Skyfire and Ondas' business unit Ondas Autonomous Systems (OAS) are partnering to bring advanced autonomous drone solutions and services to public safety and Drone First Responder (DFR) markets in the United States. The partnership will leverage Skyfire's deep domain experience and customer relationships as well as the technology and expertise of OAS' business units American Robotics, Inc. ("American Robotics") and Airobotics LTD ("Airobotics"), which include Airobotics' automated drone platform, the Optimus System.

Skyfire and Ondas Autonomous Systems Partner to Bring Drone-in-a-Box Solution to U.S. Public Safety Markets

Airobotics is partnering with Aero A2Z, an Indian vendor specialized in technology, aviation, and defense. Partnership will market and support the Optimus Unmanned Aerial Systems (UAS) and Iron Drone Counter-Unmanned Aerial Systems (C-UAS) solutions for Smart Cities, Government, and Industrial entities in India.

Ondas Holdings' Airobotics Expands into Indian Market through Strategic Partnership with Aero A2Z

Ondas Networks expects to receive an additional investment of $3.5 million within thirty days from an investor group led by the C&P Group. The $25 million gross proceeds from these financings are planned to support the growth of Ondas Holdings and its business units.

Ondas Holdings Announces Note Holder Elects to Purchase $11.5 million of Convertible Notes and $11.5 Million Initial Closing of Previously Announced Investment in Ondas Networks

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Ondas will join other leading drone industry ecosystem participants on the CDA Board in supporting and advancing U.S. global leadership in advanced aviation WALTHAM, MA / ACCESSWIRE / July 14, 2023 / Ondas Holdings Inc. (NASDAQ:ONDS), ("Ondas", or the "Company"), a leading provider of private industrial wireless networks and commercial drone and automated data solutions is pleased to announce the appointment of Eric Brock, CEO and co-founder of Ondas, to the Commercial Drone Alliance (CDA) Board of Directors. CDA, comprised of the nation's top drone organizations, collaborates closely with key policymakers at the Federal Aviation Administration (FAA), Department of Transportation, White House, and Congress to educate and champion the future of the drone industry.

Ondas Holdings CEO Eric Brock Appointed to Commercial Drone Alliance Board of Directors

Recently approved noise certification standards for the Airobotics Optimus-1EX drone system are final stage in process to secure Type Certification Expected Type Certification allows for complex aerial missions over people, roads and critical infrastructure accelerating and broadening market entry into the US WALTHAM, MA / ACCESSWIRE / July 12, 2023 / Ondas Holdings Inc. (NASDAQ:ONDS) ("Ondas" or the "Company"), a leading provider of private industrial wireless networks, commercial drones and automated data solutions, announced today that the US Federal Aviation Administration (FAA) has approved the noise certification standards for its Optimus-1EX system in connection with the Type Certification process that Ondas' wholly-owned Airobotics began with the FAA in 2019. Meeting the noise requirements criteria is the final major step towards completing the Type Certification process that will allow the Optimus System to operate more broadly in urban environments in the US.

Ondas Holdings' Airobotics Moves One Step Closer to Deploying Fully Automated Drones in US Cities After FAA Approved Noise Certification Standard For its Optimus System

Investment provides working capital to accelerate production, fulfill backlog and support Ondas Networks' growth plan WALTHAM, MA / ACCESSWIRE / July 10, 2023 / Ondas Holdings Inc. (NASDAQ:ONDS) ("Ondas Holdings" or the "Company"), a leading provider of private industrial wireless networks and commercial drone and automated data solutions, announced today that its wholly-owned subsidiary Ondas Networks Inc. ("Ondas Networks") has entered into an investment agreement with a private investor group led by Charles & Potomac Capital, LLC (the "C&P Group") for an investment of at least $15 million in convertible preferred securities of Ondas Networks. The planned investment provides Ondas Networks with additional working capital to accelerate production, fulfill backlog and support its growth plan.

Ondas Holdings Announces Investment Of At Least $15 million In Ondas Networks By Investment Group Led by Charles & Potomac Capital

Agreement is the latest in a series of contracts and collaborations in the United Arab Emirates (UAE) Agreement was signed following the successful implementation of the Optimus Systems fleet as part of an urban drone infrastructure solution for public safety and emergency response applications in the city of Dubai Optimus Systems have been extensively utilized by the local government entity, carrying out thousands of operational drone flights without human intervention under challenging environmental conditions and in densely populated areas WALTHAM, MA / ACCESSWIRE / July 7, 2023 / Ondas Holdings Inc. (NASDAQ:ONDS) ("Ondas" or the "Company"), a leading provider of private industrial wireless networks and commercial drone and automated data solutions, announced today that its wholly-owned subsidiary Airobotics has signed an annual service agreement for the ongoing maintenance of the Optimus Systems purchased and operated by a local government entity in Dubai, United Arab Emirates (UAE). The new service agreement includes ongoing support services and the development of new communication features that will be implemented across the installed fleet of the Optimus Urban Drone Infrastructure across the city of Dubai.

Ondas Holdings' Airobotics Secures Service Agreement with Local Government Entity for Ongoing Support and Maintenance of the Installed Optimus System Fleet in Dubai, UAE

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