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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 announced preliminary financial results for 2022, projecting total revenue of approximately $2.1 million and an Adjusted EBITDA loss of $39.5-$40.5 million. The company ended the year with $29.8 million in cash and outstanding convertible notes. A new business segment, Ondas Autonomous Systems, has been formed to manage drone operations. Key appointments include Reese Mozer as President of Ondas and Meir Kliner as President of Ondas Autonomous Systems. Looking ahead, Ondas expects preliminary revenue guidance for 2023 between $26 million and $30 million.
Ondas Holdings Inc. (NASDAQ: ONDS) announced a multi-system purchase order worth $3.5 million from SkyGo, a UAE-based company, for the deployment of aerial drone services in Abu Dhabi. This partnership, formalized in a Term Sheet for a Joint Venture (SkyGo JV), aims to utilize Airobotics’ Optimus System for various commercial applications. The initial deployment will include over 20 Optimus Systems to enhance public services and infrastructure monitoring. This venture is expected to begin commercial operations in Q1 2023, marking a significant step forward in the usage of autonomous drone technology in urban settings.
Ondas Holdings Inc. (Nasdaq: ONDS) will host a Virtual Investor Event on February 14, 2023, at 10:00 a.m. ET, led by Chairman and CEO Eric Brock. The event will discuss the 2023 business outlook and integration of the drone segment following the Airobotics acquisition. Attendees can access the webcast via the company's investor relations website. A toll-free dial-in number (1-844-883-3907) and international number (1-412-317-5798) will be available. The presentation will cover Ondas Networks and its drone solutions, emphasizing advancements in AI-powered autonomous drone capabilities.
Ondas Holdings has completed its acquisition of Airobotics effective January 23, 2023. This strategic move enhances Ondas' market position in the drone industry by adding advanced autonomous unmanned aircraft systems and data visualization platforms to its portfolio. The acquisition is expected to drive significant revenue growth in 2023, leveraging Airobotics' capabilities and proven technology. Additionally, Ondas will be dual-listed on Nasdaq and the Tel Aviv Stock Exchange starting January 26, 2023. A virtual investor event is scheduled for February 14, 2023, to detail integration efforts and discuss the company's outlook.
Ondas Holdings Inc. (Nasdaq: ONDS) has announced that Ondas Networks has secured a development order from Siemens Mobility for a software-based Network Controller. This initiative aims to enhance the efficiency of Class 1 Railroads in utilizing their FCC-designated licensed frequencies across various networks and applications.
According to CEO Eric Brock, the Network Controller will facilitate the transition from outdated narrowband systems to flexible, higher-capacity IP-based systems. This software enhancement is expected to optimize spectrum resource sharing among railroads, increasing both data capacity and network performance.
Ondas Holdings Inc. (Nasdaq: ONDS) has announced a significant order for 160 MHz radios from Siemens Mobility for a major Class 1 Railroad in North America. This marks the first engagement in the 160 MHz railroad radio frequency band, enhancing connectivity across challenging geographic environments. The order follows a previous volume agreement for the 900 MHz network. Ondas Networks aims to deliver advanced rail applications to improve operational efficiency, utilizing IP-based networks and the IEEE 802.16 wireless broadband standard. This development underscores the growing adoption of wireless technology within the North American rail industry.
Ondas Holdings (Nasdaq: ONDS) is set to close its acquisition of Airobotics by the end of January 2023. The company is accelerating integration efforts between American Robotics and Airobotics, aiming to streamline operations and reduce costs. This integration is expected to result in annual savings of $18 - 20 million. Ondas anticipates one-time integration costs of approximately $0.5 million in Q1 2023. The company plans to hold a virtual investor event in February 2023 to discuss the acquisition and its future outlook.
Ondas Holdings Inc. announced on December 19, 2022, that shareholders of Airobotics Ltd. approved its acquisition, expected to close by the end of January 2023. This acquisition will make Airobotics a wholly owned subsidiary, enhancing Ondas' position in the drone industry. The company also gained approval for a dual listing on the Tel Aviv Stock Exchange, allowing for a broader investor reach. The integration aims to leverage Airobotics' Optimus System alongside American Robotics' technology, targeting high-growth market opportunities.
Ondas Holdings Inc (NASDAQ:ONDS) will participate in two upcoming investor conferences. The Ladenburg Thalmann Virtual Technology Expo is scheduled for December 7, 2022, with Ondas presenting at 9:30 a.m. ET. The Oppenheimer 3rd Annual Virtual 5G Summit will be held on December 13, 2022, with a presentation at 9:05 a.m. ET. Ondas specializes in private wireless, drone, and automated data solutions through its subsidiaries, including Ondas Networks and American Robotics. For more details or one-on-one meetings, contact Ondas' investor relations team.
Ondas Networks, a key player in private wireless and drone technology, announced significant developments in its Q3 2022 results. Notably, the company secured a multi-year volume order from Siemens for a major Asian railway and achieved a $30 million convertible notes offering. Revenues hit $0.6 million, up from $0.3 million YoY, with a gross margin increase to 63.2%. However, operating expenses rose to $13.9 million, leading to a net loss of $13.6 million. The company anticipates revenue growth beginning in 2023, fueled by new contracts and ongoing production scaling.
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