Ondas Holdings Inc. - ONDS STOCK NEWS

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.

Ondas Holdings Inc. (NASDAQ: ONDS) will release its fourth quarter and full year 2020 financial results on March 8, 2021, before the market opens. A live webcast discussing these results will follow at 8:30 a.m. ET. Investors can access the webcast via the Company’s Investor Relations website. Ondas specializes in software-based wireless broadband technology and supports critical applications across various industrial sectors, including railroads, utilities, and government entities. The Company’s FullMAX platform addresses bandwidth limitations in legacy private wireless networks.

Ondas Holdings Inc. (NASDAQ: ONDS) has formed a strategic partnership with Rogue Industries to enhance marketing of its MC-IoT platform for US government and defense sectors. The collaboration aims to leverage Rogue’s expertise in government procurement, addressing the need for advanced communication solutions. Ondas’ software-defined platform could significantly improve mission-critical applications, moving beyond legacy systems. This partnership is expected to benefit ongoing initiatives within the government, enhancing capabilities for unmanned aircraft systems and other critical uses.

Ondas Holdings Inc. (NASDAQ: ONDS) has appointed Jaspreet Sood to its Board of Directors, effective January 19, 2021. Sood, a technology executive with extensive experience at Hewlett Packard Enterprise, will aid in executing the Company’s MC-IoT growth strategy. She brings a wealth of expertise in sales, operations, and product strategy and holds an MBA from Pepperdine University. Concurrently, Thomas V. Bushey has resigned as President, but will continue as a Board member and consultant, with Stewart Kantor stepping in as the new President.