UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from________ to ___________ Commission File Number: 001-39761 ONDAS HOLDINGS INC. (Exact name of registrant as specified in its charter) (State or other jurisd ...

Financial Data and Key Metrics - Revenue for Q2 2023 reached $5.5 million, a significant increase from $600,000 in Q2 2022 and $2.6 million in Q1 2023 [53] - Gross profit for Q2 2023 was $3.1 million, a tenfold increase from $300,000 in Q2 2022 [54] - Operating expenses declined slightly to $11.6 million in Q2 2023 compared to $11.7 million in the prior year [55] - The company realized an operating loss of $8.5 million in Q2 2023, down from $11.4 million in Q2 2022 [56] - EBITDA loss improved to $5.6 million in Q2 2023 from $8.8 million in Q2 2022 [57] - Pro forma cash balance after recent funding was $27.1 million as of June 30, 2023 [58][63] Business Line Data and Key Metrics - Ondas Networks delivered $1.5 million in product and development revenue in Q2 2023, a record quarter driven by shipments to Siemens [22] - Ondas Autonomous Systems (OAS) revenue reached $4 million in Q2 2023, up from $1.5 million in Q1 2023 [28] - OAS expects to complete manufacturing and deliver 10 new Optimus Systems by the end of 2023, with 15 systems on order [36] Market Data and Key Metrics - In the UAE, OAS completed a proof-of-concept in Abu Dhabi and secured additional service agreements in Dubai [28][8] - OAS expanded into India through a partnership with Arrow HZ and into Saudi Arabia with Saudi Excellence Corp [8][9] - In the US, OAS secured a proof-of-concept program with MassDOT and is advancing partnerships with Skyfire and other entities [29][67] Company Strategy and Industry Competition - The company is focusing on scaling production and increasing inventory to meet expected demand for the 900 MHz network migration [25][26] - OAS is leveraging its type certification to accelerate market penetration in the US, particularly in public safety and smart city applications [31][69] - The company is working with Siemens to negotiate purchase orders with Class I railroads for the 900 MHz network deployment [50][51] Management Commentary on Operating Environment and Future Outlook - Management remains bullish on the company's outlook, expecting significant growth in 2024 and beyond [15][16] - The company anticipates generating at least $7 million in revenue in the second half of 2023, bringing the full-year target to approximately $15 million [19] - Management expects cash operating expenses to be around $9 million for Q3 2023, consistent with Q2 levels [20] Other Important Information - The company raised $25 million in funding, including $15 million for Ondas Networks and $10 million for the holding company [11][12] - The financing was led by Charles and Potomac, who conducted extensive due diligence on the company's technology and market opportunity [12][49] - The company extended the maturity of its convertible notes from October 2024 to April 2025, reducing monthly amortization [17] Q&A Session Summary Question: Can you provide details on orders from the rails and gross margins? [40][41] - Gross margins for Ondas Networks are targeted at 50%-60%, with expectations of improvement as volumes ramp [64] - The company is working with Siemens to negotiate purchase orders and is building inventory in anticipation of large orders in 2024 and 2025 [64][73] Question: How do you plan to fund the working capital needs for large orders? [74] - The company expects to have payment arrangements with Siemens to support component inventory build and favorable payment terms to manage working capital [74] Question: Can you provide more details on the contract manufacturer? [83] - The contract manufacturer in the US is qualified with Siemens and is prepared to ramp production to meet expected demand [84] Question: How does type certification impact the US market? [85] - Type certification is expected to accelerate customer engagement and shorten the sales process, particularly in public safety and urban environments [86][87]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) Commission File Number: 001-39761 ONDAS HOLDINGS INC. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organization) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition ...

Ondas Holdings, Inc. (NASDAQ:ONDS) Q1 2023 Earnings Conference Call May 15, 2023 8:30 AM ET Company Participants Eric Brock - Chairman & CEO Derek Reisfield - CFO Reese Mozer - President Stewart Kantor - Founder & President, Ondas Networks Meir Kliner - Founder, Airobotics & President, Ondas Autonomous Systems Conference Call Participants Mike Latimore - Northland Capital Markets Timothy Horan - Oppenheimer Matthew Galinko - Maxim Carter Mansbach - Forte Capital Operator Good morning, and welcome to the Ond ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from________ to ___________ Commission File Number: 000-56004 ONDAS HOLDINGS INC. Nevada 47-2615102 (I.R.S. Employer Identification No.) 411 Waverley Oaks Road, Su ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 (Exact name of registrant as specified in its charter) Nevada 47-2615102 (State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification No.) 411 Waverley Oaks Road, Suite 114, Waltham, MA 02452 For the fiscal year ended December 31, 2022 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES ...

Ondas Holdings Inc. (NASDAQ:ONDS) Q4 2022 Earnings Conference Call March 14, 2023 8:30 AM ET Company Participants Eric Brock - Chairman & Chief Executive Officer Derek Reisfield – President & Chief Financial Officer Stewart Kantor - Founder & President, Ondas Networks Reese Mozer - Founder & Chief Executive Officer, American Robotics Meir Kliner - CEO and Co-Founder of Airobotics Conference Call Participants Mike Latimore - Northland Capital Markets Timothy Horan - Oppenheimer & Co. Operator Welcome to the ...

Ondas Holdings Inc. (NASDAQ:ONDS) Q3 2022 Earnings Conference Call November 14, 2022 8:30 AM ET Company Participants Eric Brock - Chairman & Chief Executive Officer Derek Reisfield – President & Chief Financial Officer Stewart Kantor - Founder & President, Ondas Networks Reese Mozer - Founder & Chief Executive Officer, American Robotics Conference Call Participants Tim Horan - Oppenheimer Carter Mansbach - Forte Capital Group Mike Latimore - Northland Capital Markets Operator Welcome to the Ondas Holdings I ...

IN LOTA MISSION-CRITICAL DATA and SERVICES Third Quarter 2022 Earnings Release and Business Update Nasdaq : ONDS November 14, 2022 Copyright 2022. All rights reserved. Disclaimer This presentation may contain "forward-looking statements" as that term is defined under the Private Securities Litigation Reform Act of 1995 (PSLRA), which statements may be identified by words such as "expects," "projects," "will," "may," "anticipates," "believes," "should," "intends," "estimates," and other words of similar mean ...

Business Operations - Ondas Holdings operates through two subsidiaries, Ondas Networks and American Robotics, providing private wireless, drone, and automated data solutions across critical infrastructure markets [197]. - Ondas Networks' FullMAX platform is a Software Defined Radio (SDR) solution that enhances connectivity for mission-critical Industrial Internet applications, supporting a wide range of MC-IoT applications [198][199]. - The North American Rail Network spans 140,000 miles with 25,000 locomotives, and Ondas targets the 900 MHz network for its wireless platform, which is expected to increase capacity using existing infrastructure [202]. - A strategic partnership with Siemens was established to develop wireless communications products for the North American Rail Industry, leading to the launch of Siemens-branded MC-IoT systems [203][206]. - American Robotics' Scout System™ provides automated drone solutions, capable of continuous operations and data collection, marketed under a Robot-as-a-Service (RaaS) model [212][215]. - Ondas Networks received a purchase order from AURA Networks for FullMAX base stations to support a nationwide drone command and control network, meeting FAA requirements for long-distance operations [208][209]. - The company has initiated multiple joint development programs with Siemens, including a Next Generation Radio Board for global rail markets, with targeted completion dates in 2022 [204][206]. - Ondas has expanded its technology applications into Integrated Coastal Surveillance Systems (ICSS) for defense contractors, with additional orders expected in 2023 [211]. - The acquisition of Airobotics aims to enhance Ondas' capabilities in autonomous unmanned aircraft systems and automated data analysis [218]. - The AIRO Merger is expected to close in the first quarter of 2023, with Airobotics becoming a wholly owned subsidiary of the Company, exchanging each ordinary share for 0.16806 of a share of the Company's common stock [221][219]. Financial Performance - For the three months ended September 30, 2022, the Company reported net revenue of $632,489, an increase of $349,160 (123.2%) compared to $283,329 for the same period in 2021 [230][232]. - Gross profit for the three months ended September 30, 2022, was $399,488, reflecting an increase of $385,875 compared to $13,613 in the same period of 2021, resulting in a gross margin of 63% [230][234]. - Operating expenses for the three months ended September 30, 2022, totaled $13,948,232, an increase of $9,021,268 (183.5%) compared to $4,926,964 in the same period of 2021 [235]. - Revenues from Ondas Networks for the three months ended September 30, 2022, were $566,784, an increase of $306,148 compared to $260,636 in 2021 [232]. - The cost of goods sold decreased to $233,001 for the three months ended September 30, 2022, down from $269,716 in the same period of 2021, primarily due to improved margins on product revenue [233]. - Net loss for the nine months ended September 30, 2022, increased by $24,106,008, or 222%, totaling $34,980,165 compared to $10,874,157 for the same period in 2021 [250]. - Revenue decreased by $688,620 to $1,646,905 for the nine months ended September 30, 2022, compared to $2,335,525 for the same period in 2021 [242]. - Gross profit decreased by $89,450 for the nine months ended September 30, 2022, with a gross margin of 51% compared to 40% in 2021 [244]. - Operating loss for the nine months ended September 30, 2022, increased by $23,980,121, or 219%, to $34,913,165 compared to $10,933,044 for the same period in 2021 [248]. - Human resource costs, including benefits, accounted for 41% of total operating expenses for the nine months ended September 30, 2022, up from 34% in 2021 [246]. - The company reported a decrease in other income (expense) of $125,887, or 214%, to $67,000 for the nine months ended September 30, 2022 [249]. - The company had cash flows used in operating activities of $(26,198,673) for the nine months ended September 30, 2022, compared to $(11,623,656) in 2021 [252]. - Cash and cash equivalents decreased to $15,283,557 as of September 30, 2022, down from $47,496,527 at the end of the same period in 2021 [252]. Capital and Funding - The Company issued $34.5 million in 3% senior convertible notes due 2023, with net proceeds of approximately $27.75 million after fees and expenses from the offering [225][226]. - The Company provided Airobotics with a loan agreement increasing available credit to $2.0 million to fund inventory for known customer demand, with $1.75 million already borrowed [228]. - In the quarter ended June 30, 2022, the Company sold 852,679 ATM Shares at an average price of $7.29, resulting in net proceeds of $6.03 million [259]. - For the quarter ended September 30, 2022, the Company sold 11,995 ATM Shares at an average price of $5.62, generating net proceeds of $0.65 million [260]. - The Company anticipates future capital requirements will depend on various factors, including technology development and marketing efforts, with no assurances of generating expected revenue and cash flow [261]. Risks and Challenges - The Company experienced disruptions in sales and marketing efforts due to COVID-19, impacting business development and field activities [222][224]. - The Company anticipates ongoing impacts from COVID-19, including supply chain constraints and difficulties in attracting employees, affecting future business operations [224]. - Forward-looking statements made by the Company are subject to risks and uncertainties that could cause actual results to differ materially [267]. Accounting and Compliance - As of September 30, 2022, the Company reported no off-balance sheet arrangements [262]. - The Company is classified as a smaller reporting company and is not required to provide certain disclosures, including contractual obligations and market risk [264][269]. - There have been no significant changes in critical accounting policies since the 2021 Form 10-K filing [265]. - The Company does not expect recent accounting pronouncements to materially impact its financial statements [266].