Ondas(ONDS) - 2023 Q4 - Earnings Call Presentation

Operating loss KEY FINANCIAL INSIGHTS: • Generated 7-fold revenue growth • Growth driven by record revenue at both business units • Ondas Networks growth driven by product revenues/shipments • OAS growth driven by Optimus fleet adoption • Gross profit strengthened in 2023 • OPEX improvement driven by expense controls and lower non-cash charges • Recurring cash operating expenses reduced as R&D spending declined and sales & marketing increased with OPEX shifting to focus on driving platform adoption and reve ...