Ondas Hldgs Inc Stock Price, News & Analysis

Ondas Holdings (Nasdaq: ONDS) is set to close its acquisition of Airobotics by the end of January 2023. The company is accelerating integration efforts between American Robotics and Airobotics, aiming to streamline operations and reduce costs. This integration is expected to result in annual savings of $18 - 20 million. Ondas anticipates one-time integration costs of approximately $0.5 million in Q1 2023. The company plans to hold a virtual investor event in February 2023 to discuss the acquisition and its future outlook.

Ondas Holdings Inc. announced on December 19, 2022, that shareholders of Airobotics Ltd. approved its acquisition, expected to close by the end of January 2023. This acquisition will make Airobotics a wholly owned subsidiary, enhancing Ondas' position in the drone industry. The company also gained approval for a dual listing on the Tel Aviv Stock Exchange, allowing for a broader investor reach. The integration aims to leverage Airobotics' Optimus System alongside American Robotics' technology, targeting high-growth market opportunities.

Ondas Holdings Inc (NASDAQ:ONDS) will participate in two upcoming investor conferences. The Ladenburg Thalmann Virtual Technology Expo is scheduled for December 7, 2022, with Ondas presenting at 9:30 a.m. ET. The Oppenheimer 3rd Annual Virtual 5G Summit will be held on December 13, 2022, with a presentation at 9:05 a.m. ET. Ondas specializes in private wireless, drone, and automated data solutions through its subsidiaries, including Ondas Networks and American Robotics. For more details or one-on-one meetings, contact Ondas' investor relations team.

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.