Q1 2025 Ondas Holdings Inc Earnings Call Transcript

May 15, 2025 / 12:30 PM GMT

Key Points

Positve
  • Ondas Holdings Inc (ONDS) reported a significant increase in revenue, with Q1 2025 revenues reaching $4.2 million, a 500% increase from Q1 2024.
  • The company secured over $9 million in additional orders year-to-date, growing its backlog to $16.8 million.
  • Ondas Holdings Inc (ONDS) reaffirmed its full-year revenue goal of at least $25 million for 2025, with $20 million expected from its OAS business unit.
  • The Iron Drone radar system is operational in a live combat environment, demonstrating its effectiveness and generating significant demand.
  • The company has successfully reduced its convertible debt from $44.6 million to $20.6 million through conversions to equity, improving its financial position.
Negative
  • Ondas Holdings Inc (ONDS) is still in the early stages of platform adoption, with current revenue levels not yet covering operating expenses.
  • Operating expenses increased to $11.8 million in Q1 2025, up from $8.7 million in Q1 2024, due to investments in headcount and programs.
  • The company reported an operating loss of $10.3 million for Q1 2025, compared to $9.1 million in Q1 2024.
  • The share count increased significantly from 93.2 million to 137.4 million due to debt conversions, potentially diluting existing shareholders.
  • The 900 MHz network deployments remain slow, affecting revenue from Ondas Networks.


Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

ONDS.OQ - Ondas Holdings Inc
Q1 2025 Ondas Holdings Inc Earnings Call
May 15, 2025 / 12:30PM GMT

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Presentation
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Welcome to the Onis Holdings Inc. First quarter 2025 conference call.

All participants will be in listen-only mode. Should you need assistance, please signal a conference specialist by pressing the star key followed by 0.

After today's presentation, there will be an opportunity to ask questions.

To ask a question, you may press star, then 1 on your telephone keypad. To withdraw your question, please press 2, excuse me, then 2.

Before we begin, the company would like to remind you that this call may contain forward-looking statements. While these forward-looking statements reflect on this's best current judgment, they are subject to risks and uncertainties that could cause actual results to differ
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