Ondas Holdings Inc

NASDAQ:ONDSUnited States

Apr 1, 2024

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• Rising Rate Cut Hopes Buoy Exchange-Traded Funds, Equity Futures Pre-Bell Monday, from 8:36AM ET on Monday Apr 01, 2024 by MT Newswires

  8:36AM ET on Monday Apr 01, 2024 by MT Newswires
  Companies Mentioned: ESLT, CLSK, VTLE, ONDS, LI, GUTS
  08:36 AM EDT, 04/01/2024 (MT Newswires) -- The broad market exchange-traded fund SPDR S&P 500 ETF Trust (SPY) was up 0.2% and the actively traded Invesco QQQ Trust (QQQ) was 0.3% higher in Monday's premarket activity, as hopes for an interest rate c...

• Ondas Holdings Appoints Joe Popolo to Board of Directors, Expanding Strategic Vision and Strengthening Leadership, from 8:02AM ET on Monday Apr 01, 2024 by Accesswire

  8:02AM ET on Monday Apr 01, 2024 by Accesswire
  Companies Mentioned: ONDS

  Popolo is Ondas Holdings' largest shareholder with approximately 19% beneficial ownership

  MARLBOROUGH, MA / ACCESSWIRE / April 1, 2024 / Ondas Holdings Inc. (NASDAQ:ONDS) ("Ondas" or the "Company"), a leading provider of private industrial wireless networks and commercial drone and automated data solutions, announces the appointment of Joe Popolo to its Board of Directors. Mr. Popolo, recognized for his transformative leadership and strategic acumen, brings a distinguished track record of success to the Ondas team.

• Ondas Holdings Appoints Joe Popolo to Board of Directors, Expanding Strategic Vision and Strengthening Leadership, from 8:02AM ET on Monday Apr 01, 2024 by Dow Jones

  8:02AM ET on Monday Apr 01, 2024 by Dow Jones
  Companies Mentioned: ONDS
  
  Popolo is Ondas Holdings' largest shareholder with approximately 19% beneficial ownership
  
  MARLBOROUGH, MA / ACCESSWIRE / April 1, 2024 / Ondas Holdings Inc. (NASDAQ:ONDS) ("Ondas" or the "Company"), a leading provider of private industrial wireless networks and commercial drone and automated data solutions, announces the appointment of Joe Popolo to its Board of Directors. Mr. Popolo, recognized for his transformative leadership and strategic acumen, brings a distinguished track record of success to the Ondas team.
  

• Ondas Holdings Reports Fourth Quarter and Full Year 2023 Financial Results, from 7:33AM ET on Monday Apr 01, 2024 by Dow Jones

  7:33AM ET on Monday Apr 01, 2024 by Dow Jones
  Companies Mentioned: ONDS
  CASH FLOWS FROM FINANCING ACTIVITIES Proceeds from exercise of stock options and warrants 40,338 64,909 Proceeds from convertible notes payable, net of issuance costs 9,309,513 27,702,292 Proceeds from government grant 189,752 - Proceeds from sale of redeemable preferred stock in Ondas Networks, net of issuance costs 14,692,335 - Payments on convertible notes payable (4,354,911) - Payments on government grant liability (6,576) - Payments on loan payable (1,140,301) Proceeds from sale of shares under ATM agreement - 6,090,416 ----------- ----------- Net cash flows provided by financing activities 18,730,150 33,857,617 ----------- ----------- Decrease in cash, cash equivalents, and restricted cash (14,753,096) (11,040,027) Cash, cash equivalents, and restricted cash beginning of period 29,775,096 40,815,123 ----------- ----------- Cash, cash equivalents, and restricted cash end of period $ 15,022,000 $ 29,775,096 =========== =========== SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION: Cash paid for interest $ 176,542 $ 14,187 =========== =========== Cash paid for income taxes $ - $ - =========== =========== SUPPLEMENTAL SCHEDULE OF NON-CASH FINANCING ACTIVITIES: Preferred dividends attributable to redeemable noncontrolling interest $ 512,207 $ - =========== =========== Common stock and vested stock options in relation to acquisition of Airobotics, Ltd. $ 5,962,628 $ - =========== =========== Common stock in relation to acquisition of the assets of Iron Drone, Ltd. $ 85,000 $ - =========== =========== Debt exchanged for common stock $ 9,849,287 $ 1,200,000 =========== =========== Warrants in relation to sale of redeemable preferred stock in Ondas Networks $ 4,593,051 $ - =========== =========== Accretion of redeemable preferred stock in Ondas Networks $ 1,001,538 $ - =========== =========== Non-cash consideration for purchase of intangible assets $ - $ 6,019,120 =========== =========== Operating leases right-of-use assets obtained in exchange of lease liabilities $ 3,875,700 $ 2,928,911 =========== ===========
  

• Ondas Holdings Reports Fourth Quarter and Full Year 2023 Financial Results, from 7:32AM ET on Monday Apr 01, 2024 by Accesswire

  7:32AM ET on Monday Apr 01, 2024 by Accesswire
  Companies Mentioned: ONDS

  Record 2023 revenues of $15.7 million, an increase of 638% over 2022, driven by commercial adoption of the Optimus System and record product revenues at Ondas Networks

  Q4 2023 revenues were $5.0 million, a 10-fold increase over 2022, a result of higher product sales and development revenue