| --- | --- | --- | --- | |---------------|------------------------------------|-------|-------| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Nasdaq : ONDS | Third Quarter 202 Earnings Release | | | Nasdaq: ONDS 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," "sho ...

Revenue Performance - Revenue for the three months ended September 30, 2024, decreased by $1,184,398 to $1,480,792 compared to $2,665,190 for the same period in 2023, primarily due to a $2,178,000 decrease in product sales to Siemens[267]. - Ondas Networks generated $445,288 in revenue for the three months ended September 30, 2024, down from $2,430,954 in the same period in 2023, reflecting a significant decline in product sales[268]. - OAS revenue increased by $801,268 to $1,035,504 for the three months ended September 30, 2024, compared to $234,236 for the same period in 2023, indicating strong growth in drone-based solutions[268]. - Revenue decreased by $7,666,493 to $3,063,652 for the nine months ended September 30, 2024, compared to $10,730,145 for the same period in 2023[283]. - Revenue from maintenance, service, support, and subscriptions increased by approximately $651,000 during the three months ended September 30, 2024[269]. Operating Loss and Expenses - Operating loss for the three months ended September 30, 2024, was $8,660,715, an increase of $2,726,694 compared to the operating loss of $5,934,021 for the same period in 2023[267]. - Operating expenses increased by $2,219,376, or 34%, to $8,708,275 for the three months ended September 30, 2024, compared to $6,488,899 for the same period in 2023[273]. - Operating loss increased by $2,726,694, or 46%, to $8,660,715 for the three months ended September 30, 2024, compared to $5,934,021 for the same period in 2023[278]. - Operating expenses decreased by $6,183,732, or 19%, with total operating expenses amounting to $25,553,183 for the nine months ended September 30, 2024[286]. Net Loss - Net loss for the three months ended September 30, 2024, was $9,526,268, compared to a net loss of $7,292,461 for the same period in 2023, reflecting increased operational expenses[267]. - Net loss increased by $2,233,807, or 31%, to $9,526,268 for the three months ended September 30, 2024, compared to $7,292,461 for the same period in 2023[280]. - Net loss decreased by $3,034,010, or 10%, to $27,672,088 for the nine months ended September 30, 2024, with a net loss per share of $(0.46) compared to $(0.62) in 2023[294]. Gross Profit and Margin - Gross profit for the nine months ended September 30, 2024, was $(538,317), a decrease of $5,191,867 compared to $4,653,550 for the same period in 2023[281]. - Gross margin decreased from 21% in 2023 to 3% in 2024, reflecting a change in revenue mix and increased fixed costs[272]. - Gross profit decreased by $5,191,867 for the nine months ended September 30, 2024, with a gross margin of (18%) compared to 43% in the same period of 2023, reflecting a 61% decrease due to a shift in revenue mix[285]. Cash Flow and Financial Position - Net cash flows used in operating activities were $(25,360,649) for the nine months ended September 30, 2024, a decrease of $2,748,095 compared to the previous year[295]. - Cash, cash equivalents, and restricted cash decreased to $2,873,286 as of September 30, 2024, down from $21,011,891 at the end of the previous year[295]. - As of September 30, 2024, the company had an accumulated deficit of approximately $226,032,000 and a working capital deficit of approximately $22,341,000[300]. - The company raised approximately $4,375,000 from the sale of additional redeemable preferred shares and $7,327,000 from issuing common stock in the first nine months of 2024[301]. Future Outlook and Concerns - There is substantial doubt about the company's ability to continue as a going concern for one year from November 12, 2024, due to uncertainties in funding plans[302]. - Future capital requirements will depend on various factors, including technology development, manufacturing, marketing, and overall economic conditions in target markets[303]. Operational Challenges - Approximately 17% of the workforce in Israel was called to active duty due to the ongoing military operation, temporarily reducing operational capacity[265]. Management and Compliance - Management's financial condition analysis is based on unaudited Condensed Consolidated Financial Statements prepared in accordance with U.S. GAAP[305]. - No material changes to significant accounting policies were noted since the filing of the 2023 Form 10-K[306]. - Forward-looking statements are based on current expectations and assumptions, subject to risks and uncertainties that could materially affect actual results[307]. - The Company is classified as a smaller reporting company and is not required to provide market risk disclosures[308]. - Disclosure controls and procedures were evaluated as effective as of September 30, 2024[308]. - No changes in internal control over financial reporting were identified that materially affected the reporting during the quarter ended September 30, 2024[309]. - Management acknowledges that controls can only provide reasonable assurance of achieving desired objectives due to resource constraints[310]. - Legal proceedings information can be found in Note 11 of the Quarterly Report on Form 10-Q[312].

Financial Performance - The revenue for Q3 2024 was approximately $1.5 million, a decrease from $2.7 million in Q3 2023, primarily due to delays in order activity at Ondas Networks[32] - Gross profit for Q3 2024 was approximately $0.05 million, representing a gross margin of about 3%, down from 21% in Q3 2023[33] - Operating expenses increased to approximately $8.7 million in Q3 2024, compared to $6.5 million in Q3 2023[34] - Net loss for Q3 2024 was approximately $9.5 million, compared to a net loss of $7.3 million in Q3 2023[37] - Revenues for September 2024 were $1,480,792, a decrease of 44.7% compared to $2,665,190 in September 2023[61] - Gross profit for September 2024 was $47,560, down from $554,878 in the same period last year, indicating a significant decline[61] - Total operating expenses increased to $8,708,275 in September 2024, up 34.0% from $6,488,899 in September 2023[61] - Net loss attributable to common stockholders for September 2024 was $(10,671,912), compared to $(7,914,991) in September 2023, reflecting a 34.9% increase in losses[61] - Adjusted EBITDA for the three months ended September 2024 was $(7,103,109), compared to $(6,900,099) in the same period last year, indicating a worsening operational performance[66] - Cash operating expenses for September 2024 were $7,150,669, a decrease of 4.1% from $7,454,977 in September 2023[67] - The total stockholders' equity decreased to $14,918,792 as of September 2024, down from $33,135,127 in September 2023[61] Orders and Bookings - Ondas Holdings reported $14.4 million in purchase orders during Q3 2024, marking the largest bookings in the company's history[1] - Ondas Networks secured a $3.0 million order from Metra for a system-wide upgrade of the 900 MHz wireless network[6] - Airobotics received $9 million in purchase orders for the Iron Drone Raider system from a major military customer during Q3 2024[21] - Airobotics also secured a $5.4 million purchase order for the Optimus System to protect military bases and borders[23] Capital and Cash Flow - The company raised $10.5 million in capital during Q3 and Q4-to-date, indicating continued investor support[5] - As of September 30, 2024, the Company held cash and restricted cash of approximately $2.9 million, a decrease from approximately $15.0 million as of December 31, 2023[38] - The Company raised an additional $3.55 million in capital after September 30, 2024, including $3.5 million via a convertible note[40] - Cash flows used in operating activities for the nine months ended September 2024 were $(25,360,649), a slight improvement from $(28,108,744) in the same period last year[63] - Net cash flows provided by financing activities were $14,871,301 for the nine months ended September 2024, compared to $18,700,603 in the previous year[63] Future Outlook - Ondas expects a strong end to 2024 and significant growth in 2025, driven by a strengthening order book and customer pipeline[5] - The Company expects a recovery in revenue growth in Q4 2024, primarily driven by the OAS business unit fulfilling backlog, including military orders secured in Q3[41] - Revenue expectations for Ondas Networks in Q4 2024 are modest, limited to funded development programs, with growth anticipated in 2025[41] - Bookings and revenue growth are expected to fluctuate due to uncertainties around customer activity and the timing of deliveries of the Optimus and Iron Drone systems[42] Assets and Liabilities - Total current assets decreased from approximately $23.6 million as of December 31, 2023, to approximately $17.2 million as of September 30, 2024[58] - Total liabilities remained relatively stable at approximately $47.1 million as of December 31, 2023, compared to approximately $47.1 million as of September 30, 2024[59] Compliance and Operations - The Company has requested an additional 180-day compliance period from Nasdaq to regain compliance with the minimum bid price requirement of $1.00 per share[43] - The Company operates through subsidiaries that provide private wireless data solutions and commercial drone solutions, targeting various critical markets[45] - The Company’s Adjusted EBITDA and cash operating expenses are used to facilitate analysis of ongoing business operations, excluding non-core items[52]

Ondas Holdings Inc. (NASDAQ:ONDS) Q2 2024 Earnings Conference Call August 14, 2024 8:30 AM ET Company Participants Eric Brock - Chairman & CEO Neil Laird - Interim CFO Guy Simpson - President & COO, Ondas Networks Meir Kliner - President, Autonomous Systems Tim Tenne - CEO, American Robotics Conference Call Participants Glenn Mattson - Ladenburg Thalmann Matthew Galinko - Maxim Group Operator Welcome to the Ondas Holdings, Inc. Second Quarter 2024 Conference Call. All participants will be in listen-only mod ...

Company Performance - Ondas Holdings Inc. reported a quarterly loss of $0.14 per share, better than the Zacks Consensus Estimate of a loss of $0.17, and an improvement from a loss of $0.18 per share a year ago, resulting in an earnings surprise of 17.65% [1] - The company posted revenues of $0.96 million for the quarter ended June 2024, surpassing the Zacks Consensus Estimate by 13.37%, but down from $5.47 million in the same quarter last year [2] - Over the last four quarters, Ondas has exceeded consensus EPS estimates two times and topped consensus revenue estimates two times [2] Stock Performance - Ondas shares have declined approximately 54.8% since the beginning of the year, contrasting with the S&P 500's gain of 13.9% [3] - The current consensus EPS estimate for the upcoming quarter is -$0.14 on revenues of $4.44 million, and for the current fiscal year, it is -$0.50 on revenues of $19.64 million [7] Industry Outlook - The Communication - Network Software industry, to which Ondas belongs, is currently ranked in the bottom 16% of over 250 Zacks industries, indicating potential challenges ahead [8] - Empirical research suggests a strong correlation between near-term stock movements and trends in earnings estimate revisions, which could impact Ondas' stock performance [5]

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 June 30, 2024 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) | --- | --- | |------------ ...

Exhibit 99.1 Ondas Holdings Reports Second Quarter 2024 Financial Results Ondas secures initial purchase orders for Iron Drone Raider from a global defense company and a major military customer Major military customer places additional purchase order to expand the initial Iron Drone program, as announced earlier today American Robotics secures key contract with United States Coast Guard for maritime emissions monitoring to support EPA Clean Ports initiatives Iron Drone Raider is emerging as a best-in-class ...

Low-priced high-potential stocks are incredibly risky and yet people continue to buy them. Why? Really, it comes down to their tremendous upside potential. In sports gambling terms, these ideas are the equivalent of plus-money bets or plus odds. These wagers are associated with underdogs. The opposite situation is minus-money bets. They're tied to favorites or to use equity market terms, blue-chip stocks. These ideas will win more but they'll be less profitable. Of course, plus-money bets attract the spotli ...

Ondas Holdings Inc. (NASDAQ:ONDS) Q1 2024 Earnings Conference Call May 15, 2024 8:30 AM ET Company Participants Eric Brock – Chairman & CEO Yishay Curelaru – CFO Guy Simpson – President & COO, Ondas Networks Meir Kliner – President, Autonomous Systems Tim Tenne – CEO, American Robotics Conference Call Participants Tim Horan – Oppenheimer Glenn Mattson – Ladenburg Thalmann Carter Mansbach – Forte Capital Group Aditya Iyer – Northland Capital Matthew Galinko – Maxim Group Operator Welcome to the Ondas Holding ...

Ondas Holdings (NASDAQ:ONDS) just reported results for the first quarter of 2024. Ondas Holdings reported earnings per share of -17 cents. This met the analyst estimate for EPS of -17 cents. The company reported revenue of $625,009. InvestorPlace Earnings is a project that leverages data from TradeSmith to automate coverage of quarterly earnings reports. InvestorPlace Earnings distills key takeaways including earnings per share and revenue, as well as how a company stacks up to analyst estimates. These arti ...