Ondas Holdings Inc.
Ondas Holdings Expects Record 2025 Revenue, Reports 2024 Results
Summary
Ondas Holdings Inc. reported its fourth quarter and full year 2024 financial results, showing a decrease in revenue for the year to $7.2 million compared to $15.7 million in 2023. The company anticipates a record revenue of $25 million in 2025, driven by the Ondas Autonomous Systems (OAS) business unit expected to contribute at least $20 million. The financial results showed an adjusted EBITDA loss of $28.5 million for the year, with the company holding $30.0 million in cash as of December 31, 2024. Key highlights include a partnership with Palantir, leadership changes, and growth in bookings and backlog.
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About Ondas Holdings Inc.
Ondas Holdings Inc. is a technology company specializing in advanced wireless networking solutions. The company's primary function is to develop and provide mission-critical networking infrastructure for the Industrial Internet of Things (IIoT). Ondas Holdings offers its proprietary FullMAX radio platform, which is designed for secure, reliable, and extensive coverage networking in open and challenging environments, making it particularly suitable for industrial and commercial sectors. The industries it impacts include utilities, transportation, and public safety, among others, by providing robust wireless communication networks that enhance operational efficiencies and safety protocols. Ondas Holdings is significant in the market for its innovative approach to addressing the unique communication needs of large-scale enterprises, driving the digital transformation of traditional industries towards more connected and data-driven operations.
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