Ondas Holdings Inc (ONDS) Q3 2024 Earnings Call Highlights: Navigating Challenges with ...

GuruFocus.com11-13

Revenue: $1.5 million for Q3 2024, compared to $2.7 million for Q3 2023. Gross Margin: $48,000 for Q3 2024 (3%), compared to $555,000 for Q3 2023 (21%). Operating Expenses: $8.7 million for Q3 2024, ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2483247560?lang=en_US&edition=fundamental","thumbnail":"https://s.yimg.com/uu/api/res/1.2/hQwpOeUoLle6vE43.EEk7Q--~B/aD0zMDA7dz0zMDA7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/us.finance.gurufocus/fceb3d9c0d4e80d08491c3faa52b5295","is_english":true,"pubTime":"2024-11-13 15:09","share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","id":"2483247560","market":"us","top_or_hot":-1,"title":"Ondas Holdings Inc (ONDS) Q3 2024 Earnings Call Highlights: Navigating Challenges with ...","media":"GuruFocus.com","content":"<div>\n<p>Revenue: $1.5 million for Q3 2024, compared to $2.7 million for Q3 2023.\nGross Margin: $48,000 for Q3 2024 (3%), compared to $555,000 for Q3 2023 (21%).\nOperating Expenses: $8.7 million for Q3 2024, ...</p>\n\n<a href=\"https://finance.yahoo.com/news/ondas-holdings-inc-onds-q3-070915203.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Ondas Holdings Inc (ONDS) Q3 2024 Earnings Call Highlights: Navigating Challenges with ...</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nOndas Holdings Inc (ONDS) Q3 2024 Earnings Call Highlights: Navigating Challenges with ...\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-11-13 15:09 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/ondas-holdings-inc-onds-q3-070915203.html><strong>GuruFocus.com</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Revenue: $1.5 million for Q3 2024, compared to $2.7 million for Q3 2023.\nGross Margin: $48,000 for Q3 2024 (3%), compared to $555,000 for Q3 2023 (21%).\nOperating Expenses: $8.7 million for Q3 2024, ...</p>\n\n<a href=\"https://finance.yahoo.com/news/ondas-holdings-inc-onds-q3-070915203.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"ONDS","symbol_name":"Ondas Holdings Inc.","start_time":0,"source_url":"https://finance.yahoo.com/news/ondas-holdings-inc-onds-q3-070915203.html","article_id":"2483247560","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/hQwpOeUoLle6vE43.EEk7Q--~B/aD0zMDA7dz0zMDA7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/us.finance.gurufocus/fceb3d9c0d4e80d08491c3faa52b5295"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2483247560","pubTimestamp":1731481755,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"Revenue: $1.5 million for Q3 2024, compared to $2.7 million for Q3 2023.Gross Margin: $48,000 for Q3 2024 (3%), compared to $555,000 for Q3 2023 (21%).Operating Expenses: $8.7 million for Q3 2024, compared to $6.5 million for Q3 2023.Cash Operating Expenses: $7.1 million for Q3 2024, compared to $7.5 million for Q3 2023.Operating Loss: $8.7 million for Q3 2024, compared to $5.9 million for Q3 2023.Cash and Cash Equivalents: $2.9 million as of September 30, 2024, compared to $15 million as of December 31, 2023.Convertible Notes Outstanding: $27.8 million at Ondas Holdings and $1.5 million at Ondas Networks as of September 30, 2024.Non-Convertible Notes Payable: $1.45 million at Ondas Networks.Recent Capital Raised: Additional $3.55 million in Q4 2024.Purchase Orders: $14.4 million in Q3 2024 for Iron Drone and Optimus platforms.GuruFocus has detected 7 Warning Signs with ONDS.Ondas Holdings Inc  secured $14.4 million in orders for its Iron Drone and Optimus platforms, marking its entry ","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"ONDS":"Ondas Holdings Inc."},"translate_title":"Ondas Holdings Inc(ONDS)2024年第三季度收益看涨期权亮点：应对挑战...","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"ONDS":1},"content_text":"Revenue: $1.5 million for Q3 2024, compared to $2.7 million for Q3 2023.\nGross Margin: $48,000 for Q3 2024 (3%), compared to $555,000 for Q3 2023 (21%).\nOperating Expenses: $8.7 million for Q3 2024, compared to $6.5 million for Q3 2023.\nCash Operating Expenses: $7.1 million for Q3 2024, compared to $7.5 million for Q3 2023.\nOperating Loss: $8.7 million for Q3 2024, compared to $5.9 million for Q3 2023.\nAdjusted EBITDA Loss: $7.1 million for Q3 2024, compared to $6.9 million for Q3 2023.\nCash and Cash Equivalents: $2.9 million as of September 30, 2024, compared to $15 million as of December 31, 2023.\nConvertible Notes Outstanding: $27.8 million at Ondas Holdings and $1.5 million at Ondas Networks as of September 30, 2024.\nNon-Convertible Notes Payable: $1.45 million at Ondas Networks.\nRecent Capital Raised: Additional $3.55 million in Q4 2024.\nPurchase Orders: $14.4 million in Q3 2024 for Iron Drone and Optimus platforms.\n\n\nWarning! GuruFocus has detected 7 Warning Signs with ONDS.\n\nRelease Date: November 12, 2024\nFor the complete transcript of the earnings call, please refer to the full earnings call transcript.\n Positive Points \n\nOndas Holdings Inc (NASDAQ:ONDS) secured $14.4 million in orders for its Iron Drone and Optimus platforms, marking its entry into military markets.\nThe company achieved the largest bookings quarter in its history, demonstrating strong demand for its autonomous systems.\nOndas Holdings Inc (NASDAQ:ONDS) is seeing tangible engagement with additional military customers, indicating potential for further expansion.\nThe company is making progress in the railroad sector with significant orders from Metra and a Class One railroad in Chicago.\nOndas Holdings Inc (NASDAQ:ONDS) is positioned for significant revenue growth in Q4 2024 and 2025, driven by military and public safety applications.\n\n Negative Points \n\nRevenues for Q3 2024 were approximately $1.5 million, down from $2.7 million in Q3 2023, primarily due to extended timelines in the 900 MHz network activity.\nGross margin decreased to 3% in Q3 2024 from 21% in Q3 2023, reflecting a change in revenue mix and lower margin development projects.\nOperating expenses increased to $8.7 million in Q3 2024 from $6.5 million in Q3 2023, contributing to an operating loss of $8.7 million.\nCash and cash equivalents decreased to $2.9 million as of September 30, 2024, from $15 million at the end of 2023, indicating liquidity challenges.\nThe company faces uncertainty regarding the timing of customer activity and commercial rollouts, particularly in the railroad sector.\n\n Q & A Highlights \nQ: Can you explain the potential for more volume orders for the Iron Drone platform following combat success? A: Meir Kliner, President of Ondas Autonomous Systems, mentioned that while specific details about operations in Israel can't be disclosed, they have been working with the Defense Forces for the past eight months. Eric Brock, CEO, added that they are in the process of delivering orders and integrating systems, expecting more orders in 2025 but can't provide precise timelines yet.\nQ: Do you need additional certifications for the DFR (Drone First Responder) opportunity in the US? A: Eric Brock, CEO, stated that no additional certifications are needed beyond the existing regulatory processes. Meir Kliner added that after receiving the FAA type certificate, the regulatory process is quicker and easier for delivering first responder solutions.\nQ: What gross margin can be expected on the $14 million orders? A: Meir Kliner, President of Ondas Autonomous Systems, indicated that the gross margin for these orders will be north of 50%.\nQ: Can you provide an update on the Dubai opportunity and the shipment of systems? A: Meir Kliner confirmed that eight systems have been shipped to the customer in Dubai, with plans to have 22 systems deployed by the end of 2025.\nQ: How does the recent US election impact the DFR opportunity and federal support for the domestic drone industry? A: Eric Brock noted that support for DFR and drone integration into security infrastructure is bipartisan. The current administration has shown particular support for the domestic drone sector, which is broadly shared across political lines.\nFor the complete transcript of the earnings call, please refer to the full earnings call transcript.This article first appeared on \nGuruFocus.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2483247560"}