Ondas (ONDS) Q1 2025 Earnings Call May 15, 2025 08:30 AM ET Speaker0 Welcome to the Ondus Holdings Inc. First Quarter twenty twenty five Conference Call. All participants will be in listen only mode. Before we begin, the company would like to remind you that this call may contain forward looking statements. While these forward looking statements reflect OnBase's best current judgment, they are subject to risks and uncertainties that could cause actual results to differ materially from those implied by these ...

First Quarter 2025 Earnings Release NASDAQ: ONDS | May 15, 2025 Copyright 2025. All rights reserved. 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 meaning. Ondas Holdings Inc. ("Ondas" or the "Company") cautions readers that forw ...

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, 2025 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) incorporation or organization) ...

Exhibit 99.1 Ondas Holdings Reports First Quarter 2025 Financial Results—On Track for Record Year Q1 Revenue of $4.2 Million Driven by OAS Growth and Global Demand for Autonomous Drone Systems Over 500% Year-over-Year Revenue Growth Reflects Execution on Backlog that has Increased to $16.8 M Driven by Strong Order Momentum; Reaf irms Outlook for at least $25 Million in Revenue for 2025 "Ondas is entering 2025 with strong momentum, led by the outstanding performance of our Ondas Autonomous Systems business u ...

Core Viewpoint - Ondas Holdings Inc. held its Q4 2024 earnings conference call, discussing financial performance and future outlook, emphasizing the importance of non-GAAP financial measures for understanding business trends [1][2]. Financial Performance - The company reported its Q4 2024 earnings, highlighting key financial metrics that reflect its operational performance [1]. - Non-GAAP financial measures were referenced, indicating that these metrics provide valuable insights into the underlying trends of the business, supplementing GAAP measures [2]. Management Commentary - The call featured insights from various company executives, including the Chairman and CEO, Interim CFO, and Presidents of different divisions, indicating a collaborative approach to discussing the company's performance and strategy [1]. - The management reiterated the significance of forward-looking statements, acknowledging the inherent risks and uncertainties that could affect actual results [1].

Financial Data and Key Metrics Changes - Revenues increased 173% quarter-over-quarter to $4.1 million for Q4 2024, compared to $1.5 million for Q3 2024, but decreased 18% from $5 million for Q4 2023 [32] - OAS revenues were $3.6 million, an increase of 260% from Q3 2024 and a 10% increase from Q4 2023 [33] - Operating loss was $8.5 million for Q4 2024, compared to $12.6 million for Q4 2023 [36] - Cash held was $30 million as of December 31, 2024, compared to $15 million as of December 31, 2023 [40] Business Line Data and Key Metrics Changes - OAS secured two major programs with a military customer in the Middle East, significantly increasing its total addressable market (TAM) [12] - Ondas Networks revenues were relatively flat compared to Q3 2024 and down from Q4 2023, primarily due to extended timelines related to the 900 megahertz activity [32] - The company closed the year with a $10 million backlog primarily with OAS, reinforcing the strength of its pipeline [16] Market Data and Key Metrics Changes - The defense market is seeing massive demand growth, particularly for the Iron Drone Raider platform, which is positioned as a market-defining solution for drone interception [13] - The company is engaging with new defense and homeland security customers through government-to-government channels and direct marketing efforts [14] Company Strategy and Development Direction - The company aims to drive growth with existing programs and customers while expanding into new customer programs, particularly in defense and homeland security [20][21] - A strategic partnership with Palantir Technologies was announced to leverage their Foundry AI platform for operational efficiencies [26][28] - Ondas Networks is focused on advancing private wireless networks to critical rail operating and safety systems [86] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in projecting at least $20 million in revenues from OAS, supporting total revenue expectations of $25 million for Ondas Holdings in 2025 [17] - The company anticipates 2025 to be an acceleration year with record revenue growth driven by existing programs and new customer opportunities [19][25] Other Important Information - Operating expenses decreased to $9.4 million for Q4 2024, down from $14.4 million in Q4 2023, primarily due to cost savings [35] - The company raised $35 million in Q4 2024, providing a strong liquidity position for expansion [18] Q&A Session Summary Question: Visibility into the $20 million revenue projection - Management expects to realize the $10 million backlog in revenue in the first and second quarters, with active engagement with military and public safety customers [96] Question: Update on Dubai customer shipments - No units were shipped in Q4, but advanced dialogue is ongoing regarding future shipments [98] Question: First responder opportunity in the U.S. market - There is significant interest in the Optimus platform, with a successful pilot program conducted for a major public safety customer [104] Question: Gross margins outlook - Expected gross margins to recover, projected to be in the 40% range in the first half of the year, potentially reaching 50% or better in the second half [111] Question: Clarification on the partnership with Palantir - The partnership involves integrating Palantir's Foundry AI into Ondas' operations, with potential for further collaboration in the future [120]

Fourth Quarter & Full Year 2024 Earnings Release NASDAQ: ONDS | March 12, 2025 Copyright 2025. All rights reserved. Nasdaq : ONDS 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," "should," "intends," "estimates," and other words of similar meaning. Ondas Holdings Inc. ...

Ondas Holdings Inc. (ONDS) came out with a quarterly loss of $0.14 per share versus the Zacks Consensus Estimate of a loss of $0.09. This compares to loss of $0.26 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -55.56%. A quarter ago, it was expected that this company would post a loss of $0.14 per share when it actually produced a loss of $0.15, delivering a surprise of -7.14%.Over the last four quarters, the company has sur ...

Business Segments and Operations - Ondas Holdings operates through two main segments: Ondas Networks, providing wireless connectivity solutions, and Ondas Autonomous Systems (OAS), focusing on drone and automated data solutions[20][21]. - The FullMAX platform enables significant increases in data throughput for mission-critical applications, targeting North American freight rail operators to upgrade legacy systems[23][24]. - Ondas Networks is developing partnerships with Siemens Mobility to market FullMAX-based networking technology for the North American Rail Industry, focusing on the Advanced Train Control System protocol[29]. - OAS achieved the first-ever FAA Type Certification for the Optimus 1-EX UAV on September 25, 2023, allowing for beyond-visual-line-of-sight operations without a human operator on-site[28]. - The company aims to expand fleet deployments of the Optimus System™ in the US and internationally, targeting critical infrastructure and public safety applications[32]. - The FullMAX platform is designed for long-term use, with customers typically deploying networks that last 10-15 years, creating ongoing revenue opportunities through software and hardware maintenance agreements[33][34]. - The company’s strategy includes monetizing its software-based intellectual property through embedded FullMAX software sales and Software-as-a-Service arrangements[33]. - OAS markets its drone solutions through direct sales and channel marketing strategies, focusing on large customers with active drone programs[38]. Market Opportunities and Growth - The total addressable market (TAM) for OAS is estimated to exceed $100 billion, encompassing the global defense and civil UAV market as well as the drone services market[58]. - The North American rail network consists of 140,000 miles of track and 25,000 locomotives, with an estimated addressable market of approximately $1.3 billion for private railroad networks[57]. - The drone services market is projected to grow from $32.1 billion in 2025 to $213.9 billion by 2032, driven by regulatory clarity and increased integration of drones into national airspace[59]. - The C-UAS technology market is valued at $3.1 billion in 2025 and is expected to grow at a compound annual growth rate of 27.2%, reaching $10.6 billion by 2030[60]. - The company anticipates further expansion in its customer pipeline across the U.S., Middle East, and Europe due to increasing demand for autonomous drone solutions[77]. Product Development and Innovation - The Optimus System™ is a fully autonomous drone platform designed for high-resolution aerial data collection and analysis, applicable in security, surveillance, and supervision across various sectors[44]. - The Iron Drone Raider™ system, acquired in March 2023, is a counter-drone solution aimed at military, government, and enterprise customers, addressing the growing threat of small drones[48][49]. - The Optimus System™ enables continuous asset digitization and real-time monitoring, enhancing data-driven decision-making for mission-critical operations[47]. - The integration of Kestrel™ with the Optimus System™ allows for Beyond Visual Line of Sight (BVLOS) operations, expanding deployment potential in complex airspace environments[45]. - The company holds a total of eight issued patents in the U.S. and six issued international patents, with expiration dates ranging from 2029 to 2041[190]. - The company has applied for patent protection for existing and proposed products, including FullMAX systems and Iron Drone Raider™, which are critical for product functionality[191]. - The OAS segment holds a total of six issued patents in the U.S. and 22 international issued patents, with expiration dates ranging from 2034 to 2048[86]. Financial Performance and Risks - As of December 31, 2024, the company had an accumulated deficit of approximately $236 million, up from $198 million in 2023, indicating significant operating losses since inception[108]. - The company expects operating expenses to increase significantly as it pursues growth strategies, including substantial investments in research, development, and marketing[109]. - Three customers accounted for approximately 52%, 26%, and 10% of revenue in 2024, highlighting dependence on a small number of customers[89]. - Revenue recognition is unpredictable, with significant portions deferred into future periods due to various factors affecting deployment and acceptance of products[203]. - The company may require additional capital to fund growth if business growth falls short of expectations, with potential reliance on equity or debt offerings[201]. - The lengthy sales cycle for new customers can range from one to three years, leading to potential cancellations or changes in product plans[129]. - The company has incurred significant operating losses and cannot assure that it will achieve or sustain profitability in the future[108]. Strategic Partnerships and Collaborations - Ondas Holdings is pursuing external opportunities for growth through partnerships, joint ventures, and acquisitions to enhance its product offerings for critical infrastructure customers[32]. - The company relies on strategic partnerships, such as with Siemens Mobility, to accelerate the adoption of its wireless technology, which is critical for revenue growth[113]. - Airobotics has expanded its collaboration in the UAE, deploying additional Optimus Systems for public safety, conducting thousands of autonomous flights monthly in densely populated areas[68]. - Airobotics received a purchase order from a major semiconductor manufacturer to extend the deployment of the Optimus System™ for aerial security at a critical fabrication facility[69]. - Airobotics secured $9 million in purchase orders for Iron Drone Raider™ system deployments and upgrades in the third quarter[74]. - Airobotics expanded its market reach in Europe through partnerships with HHLA Sky and C-Astral Aerospace, anticipating new customer orders in 2025[72]. Regulatory and Compliance Challenges - The company operates in a highly regulated environment, with potential costs arising from compliance with federal, state, local, and foreign laws and regulations[172]. - Changes in regulatory conditions affecting critical infrastructure industries could adversely impact customers' ability to implement the company's technologies[173]. - The company faces uncertainty regarding the expansion of drone solutions sales due to evolving regulations from the FAA and other governmental agencies[174]. - The company is subject to various government regulations, and failure to comply could result in sanctions that negatively impact business operations[178]. - The company is subject to rigorous data protection and privacy laws, with potential reputational damage and litigation risks if compliance is perceived to be inadequate[180]. Operational Risks and Challenges - The company faces risks related to project performance delays, which could result in additional costs and impact revenue recognition[123]. - The company relies on third-party contractors for manufacturing, which exposes it to risks related to quality control and supply chain disruptions[124]. - The company faces risks related to contractor performance, which could jeopardize its ability to fulfill obligations and affect service quality[125]. - Material delays or defaults in customer payments could adversely impact the company's financial condition and ability to cover project expenditures[127]. - The company maintains warranty obligations for its products, which could lead to variable costs and potential financial impacts if product failure rates exceed estimates[136]. - The company is exposed to potential product liability claims due to defects or failures in its products, which could harm its financial condition and reputation[133]. - The company is focused on maintaining safety standards at project sites, as failures in safety procedures could lead to significant losses and impact future project opportunities[128]. Human Resources and Talent Management - The company relies on key personnel, including the CEO and CFO, for business operations, and their loss could negatively impact business strategies[147]. - Competition for skilled personnel is intense, particularly in Silicon Valley, which may affect the company's ability to attract and retain talent[148]. Market and Economic Conditions - General economic conditions, both global and regional, may impact the company's stock price and overall performance[217]. - The market for electronic components is experiencing a global shortage, particularly in semiconductors, which could impact product delivery and development[157]. - The absence of long-term supply contracts exposes the company to price fluctuations for raw materials and components, potentially increasing operating costs[158]. Stock and Financial Market Risks - The company’s common stock is listed on Nasdaq under the symbol "ONDS," with a risk of being quoted only on OTC Markets if the listing is not sustained[212]. - Limited trading activity in the company's common stock may result in significant price fluctuations, impacting the ability to sell shares at desired prices[210]. - The market price of the common stock may fluctuate unpredictably due to various factors, including overall market performance and significant corporate announcements[213]. - The company may issue up to 300,000,000 shares of common stock, which could lead to substantial dilution for existing stockholders[218]. - The issuance of additional shares may cause the price of the common stock to decline, especially if a substantial portion is resold into public markets[218]. - Concentration of ownership may lead to interests that differ from those of other investors, potentially affecting corporate strategies[216]. - Securities class action litigation could arise following periods of market volatility, potentially harming the company's financial condition[214].

Ondas (ONDS) Q4 2024 Earnings Call March 12, 2025 08:30 AM ET Company Participants Eric Brock - Chairman, CEO & PresidentNeil Laird - Interim CFO, Treasurer & SecretaryMarkus Nottelmann - CEOOshri Lugassy - Co-CEOMeir Kliner - President of Ondas Autonomous SystemsCarter Mansbach - Managing Director Conference Call Participants Glenn Mattson - AnalystMatthew Galinko - SVP & Senior Research AnalystNone - Analyst Operator Welcome to the Andas Holdings Inc. Fourth Quarter and Full Year twenty twenty four Confer ...