Ondas Hldgs Inc Stock Price, News & Analysis

Ondas Holdings (NASDAQ: ONDS) announced an order for a radio system to establish the North American Rail Lab at its headquarters in Sunnyvale, CA. This lab will facilitate interoperability testing of 802.16 compliant wireless systems and optimize rail network configurations. CEO Eric Brock emphasized the lab's importance for clients integrating Ondas' wireless platform across operational areas. Ondas specializes in private wireless and automated data solutions through its subsidiaries, Ondas Networks and American Robotics, targeting critical infrastructure sectors.

Ondas Holdings Inc. has appointed Derek Reisfield as President, CFO, Treasurer, and Secretary, succeeding Stewart Kantor, who remains President of Ondas Networks. Reisfield, a board member since 2018, brings extensive financial and strategic experience. His leadership aims to support the company's growth in private wireless and automated data solutions through subsidiaries Ondas Networks and American Robotics. This management change is expected to enhance strategic operations and focus on emerging market opportunities.

Ondas Holdings Inc. (NASDAQ: ONDS) announced that its Mercury Radio has received authorization from the FCC for use in the licensed 450 MHz Air-Ground frequency band. This development follows a January 2021 FCC waiver allowing lower transmit power, making the frequency feasible for unmanned aerial systems and drones. The smaller size of the radio facilitates longer flight times and increased frequency reuse. CEO Eric Brock emphasized the innovation behind this technology, which enhances connectivity options in the drone ecosystem.

Ondas Holdings Inc. (NASDAQ:ONDS) reported Q3 2021 financial results, highlighting significant milestones in its subsidiaries, Ondas Networks and American Robotics. Ondas Networks received its first commercial 900 MHz Rail Order from Siemens Mobility, while American Robotics secured its first order from a Fortune 100 Oil & Gas company. Financially, revenue decreased by 54% year-over-year to $0.3 million, with a gross profit drop of 95%. Operating expenses rose by 36%, leading to a net loss of approximately $4.9 million. The company held $47.5 million in cash as of September 30, 2021.

Ondas Holdings Inc. (NASDAQ:ONDS) is set to release its third quarter 2021 financial results on November 15, 2021, before the market opens. A conference call will follow at 8:30 AM ET where the company will discuss its financial results and business outlook. The event will be accessible via a live webcast and participants can register in advance to facilitate immediate access. Ondas provides private wireless and drone solutions through its subsidiaries, focusing on sectors like railroads and utilities, with a patented technology addressing bandwidth limitations in critical applications.

Ondas Holdings Inc. (NASDAQ:ONDS) announced the appointment of Christopher Norman as Vice President of Engineering at American Robotics. With over 25 years in engineering and robotics, Norman previously held leadership roles at Accion Systems and CyPhy Works. His expertise will be vital in developing the Scout System, an automated drone solution. CEO Reese Mozer expressed enthusiasm for Norman's contributions to streamline operations and support the company's growth in industrial drone solutions.

Ondas Holdings Inc. (NASDAQ: ONDS) plans to relocate its headquarters to a new 18,000-square-foot facility in Waltham, MA, sharing the space with its subsidiary, American Robotics. The new site will support American Robotics' operations and R&D, enhancing its Scout System development. The move aims to leverage the region's robotic talent pool, with American Robotics expected to grow its workforce significantly, having already increased by 200% since January 2021. The transition is set for early 2022.

Ondas Holdings Inc. (NASDAQ:ONDS) has appointed Michael Toscano as a Senior Advisor at American Robotics, focusing on strategy and business development. Toscano, with experience as former AUVSI President and insights in the unmanned systems market, aims to leverage AR's Scout platform for expansion in government and defense sectors. The leadership team emphasizes that Toscano's expertise and connections are vital at this critical growth phase, especially following important FAA approvals.

Ondas Holdings Inc. (NASDAQ:ONDS) announced a strategic partnership with Dynam.AI on October 11, 2021. This collaboration aims to enhance the AI/ML capabilities of American Robotics by developing data analytics and platform tools. Ondas made a minority investment in Dynam, integrating advanced AI solutions to scale customer offerings. The partnership leverages Dynam's Vizlab™ platform to accelerate complex AI/ML project execution. This initiative is expected to strengthen Ondas' Robot-as-a-Service (RaaS) model, meeting increasing demand for advanced data solutions.