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' (NASDAQ:ONDS) subsidiary American Robotics has secured a new FAA Beyond Visual Line of Sight (BVLOS) waiver, enabling expanded drone operations over people and moving vehicles from a remote operations center. The waiver specifically allows the Optimus System, the only FAA Type Certified uncrewed aerial vehicle for security and inspection, to conduct true BVLOS operations.
The achievement validates the safety features of American Robotics' technology, particularly its Kestrel airspace management and Counter-UAS solution. The company is building out its global Operations Control Center (OCC), preparing for the FAA's upcoming Part 108 framework, which will allow one Remote Pilot in Command to oversee multiple UAS operations.
American Robotics will showcase its capabilities at a Drone as First Responder (DFR) event at its Baltimore Headquarters on January 16th, 2025, featuring live demonstrations of the Optimus System and Kestrel solution.
Ondas Holdings (NASDAQ:ONDS) has secured an additional $18.9 million through 3% senior convertible notes due 2026 from an existing note holder. This marks the third investment from the same investor since December 3rd, bringing total net proceeds to $30 million in the past four weeks.
The funding will primarily support the growth of Ondas Autonomous Systems (OAS), which received $14.4 million in orders in Q3 2024. The company has achieved its funding targets outlined at the September 2024 OAS Investor Day and is positioned to meet growing global demand for its Optimus and Iron Drone platforms. Oppenheimer & Co. Inc. served as the sole placement agent for the offering.
Ondas Holdings (NASDAQ: ONDS) has successfully regained compliance with Nasdaq's listing requirements by meeting the minimum bid price requirement. The company's stock maintained a closing bid price of $1.00 or higher for at least 10 consecutive business days, achieving this milestone on December 24, 2024. With this development, Ondas, a provider of private industrial wireless networks and commercial drone solutions, is now in full compliance with all Nasdaq continued listing requirements and will maintain its listing on The Nasdaq Capital Market.
Ondas Holdings' (NASDAQ:ONDS) subsidiary Airobotics has secured a contract renewal from a major semiconductor manufacturer for aerial security and data services in Israel. The company's Optimus System, deployed since 2016, provides 24/7 automated drone operations for security, safety, and project management through a unified data platform.
The system features automated drones and docking stations capable of autonomous battery changes and sensor installations, covering up to 30 square miles per airbase. Notably, Optimus is the first uncrewed data-capturing system to receive FAA Airworthiness Type Certification and is currently operational in the UAE and Israel, with marketing efforts expanding globally across industrial, government, and defense markets.
Ondas Holdings (NASDAQ:ONDS) announced that a note holder has purchased $11.5 million in 3% senior convertible notes due 2026. The note holder has the option to invest an additional $18.9 million. The funds will primarily support the growth of Ondas Autonomous Systems (OAS), the company's drone business, which secured $14.4 million in orders in Q3 2024.
The investment will be used to develop operational capabilities, boost inventory production for anticipated increased demand in 2025, and expand global sales, marketing, and support activities. The company sees growing opportunities in global defense and security markets for its Iron Drone and Optimus platforms. Oppenheimer & Co. Inc. will serve as placement agent for the offering.
Ondas Holdings has been selected as the lead commercial partner for the Intelligent Infrastructure Economic Zone (IIEZ) on Texas State Highway 130. The initial design will enable ten drone zones to support high-traffic regions between Circuit of the Americas and Georgetown, Texas.
The project will support routine operations for inspections, security, and public safety. Through its subsidiaries, Ondas offers industrial-grade autonomous drone solutions with the Optimus System, a fully autonomous drone platform that functions as shared infrastructure for networked fleet operations. The system operates remotely without human intervention, covering a 30-square-mile area per zone.
The City of Austin has identified over 100 drone use cases across multiple departments, including Energy, Fire, Water, City Planning, Police, Parks, Transportation, and Public Works. The SH130 corridor hosts major companies including Tesla, Samsung, and Amazon.
Ondas Holdings (NASDAQ:ONDS) has secured a $4.1 million investment through 3% senior convertible notes due 2026, marking the third investment from the same institutional investor, bringing total convertible notes to $50.1 million since October 2022. The funds will primarily support the expansion of Ondas Autonomous Systems (OAS) drone business, which reported $14.4 million in orders in Q3 2024. The note holder has the option to invest an additional $30.4 million. The investment aims to increase inventory production to meet growing demand for Optimus and Iron Drone Raider autonomous platforms in 2025.
Ondas Holdings (NASDAQ:ONDS) has received a new purchase order for its Iron Drone Raider counter-drone system from an Israeli defense company. The order is part of an integration process aimed at expanding distribution to military and homeland security users. During Q3 2024, Ondas Autonomous Systems secured defense market orders totaling $14.4 million, including $9.0 million in orders from a major government military customer for the Iron Drone Raider system. The system, commercially launched last year, has been enhanced to meet military requirements and is being deployed to protect critical infrastructure from hostile drones.
Ondas Holdings (NASDAQ:ONDS) has received a 180-day extension from Nasdaq to regain compliance with the minimum bid price requirement of $1.00. The extension was granted as the company meets all other continued listing requirements for the Nasdaq Capital Market, except for the bid price requirement. Compliance can be achieved if the stock price closes at or above $1.00 for a minimum of 10 consecutive business days during the extension period.
Ondas Holdings reported Q3 2024 financial results, marking its largest bookings quarter with $14.4 million in purchase orders from a major military customer for Iron Drone Raider and Optimus System platforms. Revenue was $1.5 million, down from $2.7 million in Q3 2023. The company secured a significant order from Metra, Chicago's commuter rail system, for a 900 MHz network upgrade through partner Siemens. Operating loss increased to $8.7 million from $5.9 million year-over-year. The company held $2.9 million in cash as of September 30, 2024, and raised an additional $3.55 million post-quarter.