Ondas Hldgs Inc - ONDS STOCK NEWS

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.

Ondas Holdings (NASDAQ: ONDS) has announced a significant milestone in its partnership with Siemens, marking the first purchase order for its Next Generation Radio. This order is part of a long-term delivery program for Head of Train (HOT) operations for a major rail customer in Asia. The collaboration focuses on developing a multi-purpose radio that will enhance communications in the global rail market. This development reflects Ondas's progress in delivering advanced wireless solutions and the flexibility of its FullMAX platform.

Airobotics has secured an order from a UAE government entity for its Optimus Drone System, marking the first fleet deployment of autonomous drones in urban settings. The customer aims for a city-wide rollout of the Optimus Urban Drone Infrastructure over several years. This follows successful evaluations during the Dubai Expo, where Airobotics executed thousands of drone flights autonomously. The system enhances emergency response for security and law enforcement and is designed for 24/7 operation in urban areas, covering up to 80 square kilometers per drone.

Ondas Holdings Inc. (NASDAQ: ONDS) has entered a strategic technology partnership with Infrared Cameras Inc. to enhance its American Robotics autonomous drone platform. This collaboration aims to integrate thermal and optical gas imaging sensors into the Scout System drone, enabling automated inspections of oil and gas infrastructure for methane leak detection and equipment anomalies. The market for drone solutions in this sector is projected to reach $23.9 billion by 2027, positioning Ondas for significant revenue growth. The new technology is expected to launch in 2023.

Ondas Holdings Inc. (NASDAQ:ONDS) will host a conference call on November 14, 2022, at 8:30 a.m. ET to discuss its third-quarter financial results for the period ending September 30, 2022. A press release detailing the results will be issued before the call. Participants can pre-register for immediate access or call in 10-15 minutes prior to the start time. The call will be available for live broadcast and replay. Ondas specializes in private wireless and drone data solutions, with significant applications across various industrial markets.

Ondas Holdings Inc. (NASDAQ: ONDS) announced the completion of a $34.5 million convertible note financing, resulting in net proceeds of approximately $27.8 million after expenses. The funds will be used for general corporate purposes, capital expenditures, and working capital. Oppenheimer & Co. acted as the sole placement agent for this offering. The securities were offered under an effective shelf registration statement filed with the SEC. Ondas Holdings aims to enhance its capabilities in private wireless data and drone solutions through its subsidiaries.

Ondas Holdings Inc. (Nasdaq:ONDS) announced a $34.5 million securities purchase agreement for senior convertible notes due 2023. The notes offer an original issue discount of approximately 13%, leading to gross proceeds of $30 million. The funds will primarily support general corporate purposes, including capital expenditures and working capital. Oppenheimer & Co. Inc. is the sole placement agent. The offering is conducted under a registered statement with the SEC, and additional closings of up to $34.5 million may follow, depending on the note holder's election.

Ondas Holdings Inc. (NASDAQ: ONDS) announced a significant purchase order for its Scout System drone technology from a leading U.S. oil and gas company. This order enhances monitoring and inspection capabilities in the Permian Basin, a critical area for oil production. The technology will help in detecting fugitive emissions and improving perimeter security. CEO Reese Mozer highlighted opportunities for further growth in the autonomous drone sector, signaling a focus on innovation with advanced features like high-resolution cameras and analytics.