Welcome to our dedicated page for Ondas Holdings news (Ticker: ONDS), a resource for investors and traders seeking the latest updates and insights on Ondas Holdings stock.
Ondas Holdings Inc. (NASDAQ: ONDS) stands as a leader in providing private industrial wireless networks and commercial drone and automated data solutions. The company operates two primary business segments: Ondas Networks and Ondas Autonomous Systems, each contributing significantly to the company's revenue and market presence.
Ondas Networks focuses on designing, developing, manufacturing, and supporting proprietary, software-based wireless broadband technology. Their flagship product, the FullMAX Software Defined Radio (SDR) platform, is used across various sectors, including railroads, utilities, oil and gas, transportation, and government entities. This technology enables Mission-Critical IoT (MC-IoT) applications by overcoming the bandwidth limitations of legacy private licensed wireless networks. The recent milestones include a $2.8 million agreement to upgrade on-locomotive radios and successful integration milestones in the 900 MHz frequency band with several railroad customers.
Ondas Autonomous Systems encompasses their commercial drone solutions, primarily through their subsidiaries American Robotics, Inc. and Airobotics Ltd.. Their flagship product, the Optimus System™, is the world's first FAA-certified small UAS developed for aerial security and data capture. It operates as a drone-in-a-box turnkey data solution service, focusing on critical industrial and government applications. The Optimus System has seen extensive use in Dubai, demonstrating faster emergency response times and significant interest from cities worldwide. Additionally, the Iron-Drone Raider™ platform, a counter-UAS system, has received initial purchase orders from defense companies, indicating a growing market for autonomous drone solutions.
Recent news highlights include a strategic partnership between American Robotics and ResilienX, Inc. to enhance the safety and reliability of autonomous systems, particularly for beyond visual line-of-sight (BVLOS) applications. Ondas has also achieved record revenues of $15.7 million in 2023, driven by the commercial adoption of the Optimus System and product revenues at Ondas Networks. The company is poised for significant growth in 2024, with ongoing projects and expanding customer bases in the U.S., Europe, and the Middle East.
For more information, visit www.ondas.com or follow Ondas Holdings on X (formerly Twitter) and LinkedIn.
Ondas Holdings Inc. (NASDAQ: ONDS) has priced its public offering of 6,400,000 shares at $7.00 each, anticipating gross proceeds of $44.8 million, before expenses. The funds will support working capital and general corporate purposes. Additionally, Ondas has granted underwriters a 30-day option to purchase up to 960,000 more shares. The offering is scheduled to close around June 11, 2021, subject to customary conditions. Oppenheimer & Co. Inc. is the sole book-running manager for this offering.
Ondas Holdings Inc. (NASDAQ: ONDS) announced plans for an underwritten public offering of its common stock, which may include an option for underwriters to purchase additional shares. The offering is subject to market conditions, and Ondas intends to use the net proceeds for working capital and general corporate purposes. Oppenheimer & Co. Inc. is the sole book-running manager, with B. Riley Securities, Inc. as the lead manager. A shelf registration statement is effective, and the final offering terms will be disclosed in a prospectus supplement filed with the SEC.
Ondas Holdings Inc. (NASDAQ: ONDS) has been selected for inclusion in the Russell Microcap® Index, effective June 28, 2021. This membership is significant, as it automatically includes the company in various growth and value style indexes utilized by investment managers. FTSE Russell’s indexes benchmark approximately $10.6 trillion in assets.
CEO Eric Brock stated that this selection is a crucial milestone for Ondas as it positions the company as a leader in industrial automation, particularly with its FullMAX wireless platform.
Ondas Holdings Inc. (NASDAQ: ONDS) is set to hold a business update call on May 27, 2021, at 8:30 AM ET, focusing on the ongoing acquisition of American Robotics, Inc.. This event will provide investors with essential updates regarding the merger and future business strategies. The live webcast can be accessed on the company's Investor Relations website. Ondas is a developer of wireless broadband technology aimed at industrial markets, offering solutions that meet the increasing demand for reliable communication in challenging environments.
Ondas Holdings Inc. (NASDAQ: ONDS) has entered into a definitive agreement to acquire American Robotics for $70.6 million. American Robotics is known for its fully-automated commercial drone systems and is the first FAA-approved company to operate its drones beyond-visual-line-of-sight (BVLOS). This acquisition aims to integrate both companies’ technologies, enhancing automation and AI analytics in industrial markets, thus potentially tapping into the $100 billion commercial drone market. The transaction is expected to close in Q3 2021, pending stockholder approval.
Ondas Holdings Inc. (NASDAQ: ONDS) reported record revenue growth of 480% year-over-year for Q1 2021, achieving approximately $1.2 million in revenues driven by partnerships with Siemens and AURA. Gross profit increased to $0.6 million. Operating expenses rose to $3.5 million primarily due to stock-based compensation. The company incurred a net loss of $3.1 million. Looking forward, Ondas anticipates Q2 2021 revenues between $1.0 and $1.5 million and aims for commercial bookings in the second half of 2021 from its Rail and UAS initiatives.
Ondas Holdings Inc. (NASDAQ: ONDS) will host online meetings at the Oppenheimer 6th Annual Emerging Growth Conference on May 11th. The company, through its subsidiary Ondas Networks, specializes in software-based wireless broadband technology aimed at industrial markets. Its FullMAX platform supports Mission-Critical IoT applications, addressing bandwidth issues in legacy networks. Key sectors include railroads, utilities, and government entities requiring reliable communications over extensive areas. For more details, visit www.ondas.com.
Ondas Holdings Inc. (NASDAQ: ONDS) will announce its Q1 financial results on May 17, 2021, prior to market opening. A conference call will follow at 8:30 a.m. ET, providing insights into the company's performance and business outlook. Investors can join the live webcast via the company’s website. Ondas specializes in proprietary wireless broadband technology for industrial markets, enabling vital IoT applications.
Ondas Holdings Inc. (NASDAQ: ONDS) has appointed Susan Roberts as a Senior Advisor to enhance strategy and business development for the company's FullMAX communications platform, targeting the Unmanned Aerial Systems (UAS) and Aviation sectors. Roberts, a notable figure in UAS, brings extensive experience from leadership roles at major firms like Panasonic and GE Aviation. CEO Eric Brock expressed confidence that her expertise will significantly aid Ondas in expanding its market presence, facilitating partnerships, and advancing its wireless technology solutions.
Ondas Holdings Inc. (NASDAQ: ONDS) reported a significant revenue increase of 575% to $2.2 million for the year ended December 31, 2020, driven by partnerships with Siemens and Aura. The company's net loss decreased to approximately $13.5 million, down from $19.4 million in 2019. Ondas ended the year with $26.1 million in cash, bolstered by a public offering yielding $31.3 million in net proceeds. Looking ahead, Ondas anticipates initial bookings from Class 1 Rails in the second half of 2021 and expects first-quarter revenues between $1.0 and $1.5 million.
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