Ondas Hldgs Inc Stock Price, News & Analysis

Ondas Holdings (NASDAQ:ONDS) has announced a letter of intent with a partner to create a new on-board locomotive radio platform for the European rail market. This platform will enhance on-board communications and integrate with existing wayside base station networks. The technology leverages Ondas' software-defined radio capabilities, with anticipated project completion and delivery starting in 2023. This initiative marks Ondas' entry into the European market, complementing its existing programs in North America and Asia.

Ondas Holdings Inc. (NASDAQ:ONDS) will be included in the Russell 3000 Index as of June 27, 2022, following the annual reconstitution. This index captures the largest U.S. stocks ranked by market capitalization. Membership also leads to inclusion in the large-cap Russell 1000 and small-cap Russell 2000 indexes. CEO Eric Brock noted that this milestone reflects Ondas' progress and commitment to leveraging increased market awareness. The Russell indexes are essential benchmarks with approximately $12 trillion in assets tied to their performance.

Ondas Holdings Inc (NASDAQ:ONDS) will participate in two upcoming investor conferences: the B. Riley 22nd Annual Institutional Investor Conference on May 25-26, 2022, in Beverly Hills, California, where a presentation is scheduled for 10:10 a.m. PT on May 25, and the Stifel 2022 Cross Sector Insight Conference on June 7-8, 2022, in Boston, Massachusetts, which will feature 1x1 meetings only. For more information or to schedule meetings, contact Ondas’ investor relations team.

Ondas Holdings Inc. (NASDAQ:ONDS) announced its joint participation with Siemens Mobility at the 61st Annual Railway System Supplier Show in Kansas City. They will showcase the Airlink product line and the jointly developed ATCS radio platform, demonstrating the integration of legacy and advanced MC-IoT connectivity in the new 900 MHz band. CEO Eric Brock highlighted engagement with railroad decision-makers and technology providers to expand the MC-IoT ecosystem. Additionally, Siemens and Ondas plan to launch the new Head-of-Train (HOT) radio technology in the second half of the year.

Ondas Holdings (NASDAQ: ONDS) affirms its 2022 financial outlook, reporting Q1 revenues of $0.4 million, down from $1.2 million in Q1 2021. Despite a net loss of $9.9 million, the company is shifting focus towards the deployment of its FullMAX platform in the rail sector. Highlights include a second 900 MHz order from Siemens and acquisition of rail analytics platform Ardenna. Operating expenses rose to $10.1 million due to increased costs related to American Robotics. The company expects enhanced revenue growth in 2022 with a goal of $20 million in product bookings.

Ondas Holdings Inc. (NASDAQ:ONDS) announced that its subsidiary, American Robotics, received a purchase order from ScottsMiracle-Gro for its autonomous Scout Systems. This order aims to enhance data collection and analytics capabilities for ScottsMiracle-Gro, enabling efficient analysis of grass seed varietals' health and performance. The implementation at their Marysville, Ohio headquarters will commence in Q2 2022, facilitating multiple drone missions daily without human oversight, thus optimizing operational efficiency.

Ondas Holdings Inc. (NASDAQ:ONDS) will discuss its Q1 2022 financial results on May 11, 2022, at 8:30 a.m. ET, following a press release with the results. The conference call will be hosted by CEO Eric Brock and CFO Derek Reisfield, with a live webcast available. Ondas is a leading provider of private wireless data solutions through its subsidiaries, focused on markets such as railroads and utilities. Its American Robotics division is known for its AI-powered drone technology.

Ondas Holdings Inc. (Nasdaq:ONDS) announced the appointment of Gretchen West as Senior Advisor of Business Development for its subsidiary, American Robotics. With over 18 years of experience in the drone industry, including her role as President and CEO at Schiebel Aircraft, West aims to enhance business development and foster strategic partnerships in various sectors like oil, gas, and mining. CEO Reese Mozer emphasized the importance of her expertise in driving growth and strengthening customer relationships.

Ondas Holdings Inc. (NASDAQ:ONDS) announces that its subsidiary, American Robotics, has secured FAA approval for seven additional sites to operate its automated BVLOS drone technology, the Scout System™. This brings the total to ten operational sites across eight U.S. states, enhancing American Robotics' leading position in the commercial drone industry. The approval allows for scalable autonomous operations, enabling clients like Chevron and ConocoPhillips to benefit from improved data collection capabilities without human operators on-site. This milestone marks significant progress in the adoption of autonomous drones.