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 Inc. develops autonomous systems, robotics and mission-critical connectivity solutions for defense, security and industrial markets. Its operating focus spans Ondas Autonomous Systems, Ondas Networks and Ondas Capital, with products and services tied to aerial and ground-based intelligence, sensing, mobility and communications in complex operating environments.
Recurring Ondas news covers defense and public-safety orders, counter-drone deployments, robotic demining programs, heavy engineering equipment, European joint-venture activity, acquisition integration and quarterly financial reporting. Company updates also reference the FullMAX software-defined broadband platform for industrial IoT networks, Sentrycs cyber-over-RF counter-drone technology, 4M Defense demining systems, INDO Earth Moving equipment programs and the completed Mistral merger, which added U.S.-based manufacturing, integration and federal contracting infrastructure.
Ondas Holdings announced that its subsidiary Airobotics has received a NIS 3.8 million (approximately $1 million) grant from the Israel Innovation Authority to enhance its Iron Drone Raider counter-drone system. The system, acquired in early 2023 through Iron Drone's assets, combines AI-driven detection and interception capabilities to counter unauthorized drones. The Iron Drone Raider integrates with existing detection systems and uses a specialized interception drone and docking station to manage multiple drone threats autonomously. The funding will support the development of new features to address growing security challenges against critical infrastructure, public spaces, and high-profile events.
Ondas Holdings (NASDAQ:ONDS), a provider of private industrial wireless networks and commercial drone and automated data solutions, has scheduled its Third Quarter 2024 financial results conference call for Tuesday, November 12, 2024, at 8:30 a.m. ET. The financial results will be released via press release before the conference call. The company will host a conference call with a Q&A session, offering both toll-free (844-883-3907) and international (412-317-5798) dial-in options. Listeners can pre-register for immediate access, and a replay will be available on the company's investor relations website.
Ondas Holdings Inc. (NASDAQ:ONDS) announced that its subsidiary, Ondas Autonomous Systems Inc. (OAS), has secured a $3.5 million investment in convertible notes. The investment, led by Ondas Chairman and CEO Eric Brock and Board Member Joe Popolo, aims to support OAS' growth in providing unmanned aerial security and intelligence to defense, security, and critical infrastructure markets.
The investment comes from Charles & Potomac Capital, and Privet Ventures , with Eric Brock personally investing $1.0 million through Privet Ventures. The convertible notes mature on September 30, 2025, and are convertible into OAS securities, not Ondas Holdings securities. This funding follows OAS' recent success in securing $14.4 million in orders in Q3 2024 for its Iron Drone Raider and Optimus System.
Ondas Holdings Inc. (NASDAQ:ONDS) has announced that Markus Nottelmann has joined the company as a Senior Advisor, focusing on commercial development and strategic activity for Ondas Networks Inc. Mr. Nottelmann will also serve as a board member for Ondas Networks. With extensive experience in introducing new technology into railroad markets and a background as a strategic financial and operating executive, Nottelmann is expected to accelerate Ondas Networks' commercial activities with railroad customers and partners, as well as assist with strategic financial matters.
Eric Brock, CEO of Ondas, expressed excitement about Nottelmann joining at a pivotal time for Ondas Networks, highlighting his experience in global railroad markets and his potential to drive adoption of the FullMAX wireless connectivity platform. Nottelmann's appointment aims to support the advancement of Ondas Networks' business priorities and the scaling of IEEE 802.16 technology for the benefit of the ecosystem and Ondas' investors.
Ondas Holdings Inc. (NASDAQ:ONDS) has announced that its subsidiary, Airobotics , received a $5.4 million order for multiple Optimus Systems from a major defense customer. The systems will be used for critical asset protection and border security. This order brings Ondas' total purchase orders for Q3 2024 to $14.4 million, including $9.0 million in orders for the Iron Drone Raider.
The Optimus System is a fully autonomous unmanned aerial surveillance platform capable of persistent remote operations in harsh, complex environments, including those with GPS and wireless connectivity. It has been extensively used by various governmental and commercial customers worldwide, conducting thousands of operational drone flights without human intervention.
This order signifies the further adoption of Ondas' autonomous drone platforms in the global defense sector, with both the Optimus System and Iron Drone Raider being deployed in military security operations.
Ondas Holdings Inc. (NASDAQ:ONDS) has received an $8.0 million purchase order for multiple Iron Drone Raider systems from a major military customer. This marks the largest order ever for the Iron Drone Raider systems and a significant milestone in Ondas Autonomous Systems Inc (OAS) business unit's expansion. The order includes Raider systems, associated elements, infrastructure, and supporting services for aerial protection against hostile drones.
The global market for counter-drone applications is expected to grow from $1.6 billion in 2023 to $14.9 billion by 2032, with a 27.8% CAGR. Ondas believes the Iron Drone Raider system is one of the most innovative technologies in the counter-drone market, featuring autonomous capabilities and cost-effective interception with minimal collateral damage.
Ondas Holdings Inc. (NASDAQ:ONDS) has closed a $4.0 million registered direct offering of 5,333,334 units, each comprising one common stock share and two warrants. The units were priced at $0.75 each. The Series A and B warrants, exercisable at $0.8073 per share, will be valid for 2.5 and 5.5 years, respectively, starting six months after issuance. Maxim Group acted as the sole placement agent. Ondas plans to use the net proceeds for working capital and general corporate purposes. The offering was made under an effective shelf registration statement, with a prospectus supplement filed with the SEC.
Ondas Holdings Inc. (NASDAQ:ONDS) is set to host an Investor Day and webinar on September 12, 2024, focusing on its Ondas Autonomous Systems (OAS) business unit. The event will take place at American Robotics' new Maryland Headquarters and Customer Demonstration Center. Live demonstrations of the Optimus System, a fully autonomous drone-in-a-box, will showcase various aerial use cases and highlight the integration of Kestrel, OAS' advanced Detect and Avoid system. The Iron Drone Raider counter unmanned aircraft system will also be on display.
In-person attendees will have the opportunity to interact with Ondas' management and the American Robotics flight operations team. The investor webinar will feature a live presentation by management, providing a detailed overview of OAS's business plan, financial model, and market opportunities, followed by a Q&A session.
Ondas Holdings Inc. (NASDAQ:ONDS) has announced a $4.0 million registered direct offering of 5,333,334 units at $0.75 per unit. Each unit includes one common stock share and two warrants (Series A and B) to purchase additional shares. The Series A warrants expire in 2.5 years, while the Series B warrants expire in 5.5 years, both with an exercise price of $0.80 per share. Maxim Group is the sole placement agent for this offering, which is expected to close around August 30, 2024. Ondas plans to use the net proceeds for working capital and general corporate purposes. The offering is made under an effective shelf registration statement and will be detailed in a prospectus supplement to be filed with the SEC.
Ondas Holdings (NASDAQ:ONDS) reported its Q2 2024 financial results on August 14, 2024. The company secured initial orders for its Iron Drone Raider from a global defense firm and a major military customer, with additional orders expected. American Robotics signed a key contract with the U.S. Coast Guard for maritime emissions monitoring. Ondas Networks' distribution partner received a significant order for deployment in the 900 MHz network from a regional transit operator.
Q2 revenue was $1.0 million, down from $5.5 million in Q2 2023, mainly due to order delays and slow commercial activities. Gross loss stood at $0.2 million, with a gross margin of -20%, down from 56% in Q2 2023. Operating expenses reduced to $8.1 million from $11.6 million, resulting in a net loss of $8.3 million.
Ondas holds $5.0 million in cash as of June 30, 2024. The company expects revenue growth recovery in H2 2024, driven primarily by its OAS business unit.