Ondas Holdings Inc. - ONDS STOCK NEWS

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.

Ondas Holdings Inc. (NASDAQ:ONDS) has received an expansion of its initial purchase order for Iron Drone Raider counter-drone systems from a military customer. The expansion includes additional features and support services for systems to be deployed in military defense activities. The Iron Drone Raider system, described as one of the most advanced counter-drone solutions available, uses AI-enabled sensor technology and a high-speed interceptor drone to neutralize hostile drones.

The expansion order reflects the urgent demand for high-performance counter-UAS systems in response to growing threats from hostile drones. Ondas is positioning itself as a prime defense contractor in the rapidly growing counter-UAS market, which is expected to expand from $1.6 billion in 2023 to $14.9 billion by 2032, with a 27.8% CAGR.

Ondas Holdings Inc. (Nasdaq: ONDS), a provider of private industrial wireless networks and commercial drone solutions, has scheduled its Q2 2024 financial results conference call for August 14, 2024, at 8:30 a.m. ET. The company will release its financial results for the quarter ended June 30, 2024, in a press release before the call. Management will host the call and webcast, followed by a Q&A session. Investors can pre-register for immediate access or dial in 10-15 minutes before the call. The event will be available for replay on the company's investor relations website.

Ondas Holdings' American Robotics has secured a significant contract with the United States Coast Guard (USCG) for maritime emissions monitoring, supporting EPA Clean Ports Initiatives. This marks American Robotics' first U.S. federal contract as a prime contractor, positioning the company for potential expansion into Program of Record contracts with long-term funding.

The contract involves deploying drones with a 'sniffer' payload to monitor vessel emissions, including sulphur oxides (SOx), nitrogen oxides (NOx), and carbon dioxide (CO2), in compliance with MARPOL Annex 6 regulations. This innovative approach aims to enhance safety, efficiency, and regulatory compliance in maritime emissions monitoring.

The successful implementation of this contract could lead to broader autonomous monitoring across major U.S. ports, representing a significant growth opportunity for American Robotics in the ports, terminal operators, and homeland security sectors.

Ondas Holdings Inc. (NASDAQ:ONDS) has received an initial purchase order for several Iron Drone Raider counter-drone systems from a military customer. The Raider systems will be deployed to protect borders, critical locations, and populations from hostile drones. This order positions Ondas as a prime defense contractor in the $1.6 billion counter-drone market.

The Iron Drone Raider system uses an autonomous AI-guided interception drone launched from a designated docking station. It can tackle all types of hostile drones, regardless of their navigation methods. The system operates by deploying a high-speed interceptor drone that identifies and 'locks on' to incoming hostile drones using sophisticated AI-enabled sensor technology.

Ondas anticipates additional follow-on orders and deployments to meet urgent security needs related to ongoing geopolitical conflicts. The company is building manufacturing capacity to support adoption of the Iron Drone Raider in the rapidly growing counter-drone solutions market.

Ondas Holdings announced the grand opening of American Robotics' new Maryland headquarters on June 12-13, 2024. This event will feature live demonstrations of the drone-in-a-box Optimus System and the Kestrel integration. The new center aims to be a hub for demonstrations, training, testing, and development, offering 24/7 operations in unrestricted airspace. The location is within an hour of key clients like the Department of Defense and federal government agencies. The Optimus System and Kestrel solution provide advanced AI and sensor technology for data collection, inspection, and surveillance across multiple industries.

Ondas Holdings (NASDAQ: ONDS) reported its Q1 2024 financial results. The company achieved revenues of $0.6 million, a significant decrease from $2.6 million in Q1 2023, due to 900 MHz activity delays and supply chain issues linked to the Gaza conflict. Gross profit turned negative at ($0.4) million versus $1.0 million in Q1 2023. Operating expenses reduced to $8.7 million, leading to a narrower operating loss of $9.1 million, down from $12.7 million in the prior year. Net loss also narrowed to $9.9 million from $14.5 million.

Ondas Networks secured a $2.8 million agreement for 220 MHz on-locomotive radios and achieved milestones in its 900 MHz integration. Ondas Autonomous Systems received initial orders for its Iron-Drone Raider and expanded in the US and Middle East markets. The company expects significant revenue growth in H2 2024, driven by the 900 MHz network integration and improved Optimus System inventory availability.