Ondas Holdings (Ondas Holdings) Operating Income : $-38.23 Mil (TTM As of Dec. 2023)

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What is Ondas Holdings Operating Income?

Ondas Holdings's Operating Income for the three months ended in Dec. 2023 was $-11.15 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Dec. 2023 was $-38.23 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Ondas Holdings's Operating Income for the three months ended in Dec. 2023 was $-11.15 Mil. Ondas Holdings's Revenue for the three months ended in Dec. 2023 was $4.96 Mil. Therefore, Ondas Holdings's Operating Margin % for the quarter that ended in Dec. 2023 was -224.67%.

Good Sign:

Ondas Holdings Inc operating margin is expanding. Margin expansion is usually a good sign.

Ondas Holdings's 5-Year average Growth Rate for Operating Margin % was 37.60% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Ondas Holdings's annualized ROC % for the quarter that ended in Dec. 2023 was -46.07%. Ondas Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -618.04%.

Ondas Holdings Operating Income Historical Data

The historical data trend for Ondas Holdings's Operating Income can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Ondas Holdings Operating Income Chart

Ondas Holdings Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Operating Income

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-15.37

-11.52

-17.97

-50.01

-38.23

Ondas Holdings Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Operating Income	Get a 7-Day Free Trial															-15.10	-12.65	-8.50	-5.93	-11.15

Ondas Holdings Operating Income Calculation

Operating Income, is the profit a company earned through operations. All expenses, including cash expenses such as cost of goods sold (COGS), research & development, wages, and non-cash expenses, such as depreciation, depletion and amortization, have been deducted from the sales.

Operating Income for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-38.23 Mil.

Ondas Holdings (NAS:ONDS) Operating Income Explanation

1. Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Ondas Holdings's annualized ROC % for the quarter that ended in Dec. 2023 is calculated as:

	ROC % (Q: Dec. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Sep. 2023 )	+	Invested Capital (Q: Dec. 2023 ))	/ count )
=	-44.584 * ( 1 - 0% )	/	( (97.816	+	95.734)	/ 2 )
=	-44.584	/	96.775
=	-46.07 %

where

	Invested Capital		(Q: Sep. 2023 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	100.645	-	8.112	-	( 20.972	-	max(0, 35.555	-	30.272	+	20.972	))
=	97.816

	Invested Capital		(Q: Dec. 2023 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	92.165	-	8.765	-	( 14.979	-	max(0, 35.94	-	23.606	+	14.979	))
=	95.734

Note: The Operating Income data used here is four times the quarterly (Dec. 2023) data.

2. Joel Greenblatt's definition of Return on Capital:

Ondas Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Dec. 2023 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Sep. 2023		Q: Dec. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-52.728	/	( ( (8.105 + max(0.079999999999994, 0))	+	(8.878 + max(-2.026, 0)) )	/	2 )
=	-52.728	/	( ( 8.185	+	8.878 )	/	2 )
=	-52.728	/	8.5315
=	-618.04 %

where Working Capital is:

	Working Capital		(Q: Sep. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(4.894	+	2.58	+	1.531)	-	(8.112	+	0.812	+	0.0010000000000048)
=	0.079999999999994

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(3.43	+	2.187	+	1.919)	-	(8.765	+	0.798	+	-0.0010000000000048)
=	-2.026

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

3. Operating Income is also linked to Operating Margin %:

Ondas Holdings's Operating Margin % for the quarter that ended in Dec. 2023 is calculated as:

Operating Margin %	=	Operating Income (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	-11.146	/	4.961
	=	-224.67 %

4. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Operating Income growth rate using Operating Income per share data.

Be Aware

Compared with a company's EBITDA margin, Operating Margin can be manipulated by adjusting the rate of depreciation, depletion and amortization (DDA).

If a company is facing competition, its Operating Margin may decline. Often the Operating Margin declines well before the company's revenue or even profit decline. Therefore, Operating Margin is a very important indicator of whether the company is facing problems.

For instance, by 2012, Nokia (NOK)'s problems were well known and its stock had lost more than 90% of its market value since 2007. But Nokia's Operating Margin had already been in decline since 2002, although its earnings per share were still rising. Investors who paid attention to Operating Margin would have avoided this huge loss. The same can be said for Research-in-Motion (RIMM).

Therefore, Operating Margin is a very important screening filter for GuruFocus. GuruFocus's Buffett-Munger screener requires that the profit margin is either consistent or expanding. The Model Portfolio of the Buffett-Munger screener has outperformed the market every year since inception in 2009.

Ondas Holdings Operating Income Related Terms

Thank you for viewing the detailed overview of Ondas Holdings's Operating Income provided by GuruFocus.com. Please click on the following links to see related term pages.

Ondas Holdings (Ondas Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Ondas Holdings Inc (NAS:ONDS) » Definitions » Operating Income

Comparable Companies

Traded in Other Exchanges

ONDS:Israel 1B8:Germany

Address

411 Waverley Oaks Road, Suite 114, Waltham, MA, USA, 02452

Website

https://www.ondas.com

Ondas Holdings Inc designs, develops, manufactures, sells, and supports FullMAX Software Defined Radio (SDR) technology in the United States, Israel, and India. Its FullMAX system of wireless base stations, fixed and mobile remote radios are deployed by customers to create wide-area wireless broadband cellular networks. The company markets and sells its products to companies in the electric utilities, water and wastewater utilities, oil and gas producers, and for other critical infrastructure applications in areas such as homeland security and defense, and transportation.

Executives

Richard M Cohen	director	C/O CARNEGIE INTERNATIONAL CORP, 11350 MCCORMICK ROAD EXECUTIVE PLAZA #3, HUNT VALLEY MD 21031
Joseph V Popolo	10 percent owner	3899 MAPLE AVENUE, SUITE 100, DALLAS TX 75219
Yishay Curelaru	officer: CFO, Treasurer and Secretary	14 HAMEYASDIM ST., YESOD HAMAALA L3 1210500
Richard H Silverman	director	165 GIBRALTAR COURT, SUNNYVALE CA 94089
Jaspreet K Sood	director	61 OLD SOUTH ROAD, #495, NANTUCKET MA 02554
Randy Seidl	director	C/O ONDAS HOLDINGS INC., 165 GIBRALTAR CT., SUNNYVALE CA 94089
Thomas Bushey	director, officer: President	55 EAST 52ND STREET, NEW YORK NY 10055
Reese Mozer	officer: President	411 WAVERLEY OAKS ROAD, SUITE 114, WALTHAM MA 02452
Derek Reisfield	director	165 GIBRALTAR COURT, SUNNYVALE CA 94089
Stewart Kantor	director, officer: CFO, Pres., Sec., Treasurer	165 GIBRALTAR COURT, SUNNYVALE CA 94089
Eric A Brock	director, officer: CEO and Chairman	165 GIBRALTAR COURT, SUNNYVALE CA 94089
Robert J Smith	10 percent owner	13650 FIDDLESTICKS BLVD., SUITE 202-324, FT. MYERS FL 33912