Business
Ondas Holdings Reports Fourth Quarter and Full Year 2021 Financial and Operational Results
Ondas Networks Secured and Delivered First Commercial 900 MHz Rail Order for a Class I Railroad in Q4 2021Ondas Networks Secured Additional 900 MHz Order from
About this update from Ondas Inc
[{"type":"text","content":"Ondas Networks Secured and Delivered First Commercial 900 MHz Rail Order for a Class I Railroad in Q4 2021Ondas Networks Secured Additional 900 MHz Order from Siemens for Another Class I Railroad in Q1 2022American Robotics Secured Orders from Chevron, ConocoPhillips, and Stockpile Reports and Began to ScaleOndas Holdings Announces Definitive Agreement to Acquire Rail Inspection Analytics Platform, Ardenna, from Birhle Applied ResearchConference Call Scheduled for Today at 8:30 a.m. ET.WALTHAM, MA / ACCESSWIRE / March 22, 2022 / Ondas Holdings Inc. (NASDAQ:ONDS) (\"Ondas\" or the \"Company\"), a leading provider of private wireless, drone and automated data solutions through its wholly owned subsidiaries, Ondas Networks Inc. (\"Ondas Networks\") and American Robotics, Inc. (\"American Robotics\" or \"AR\"), reported financial and operating results for the fourth quarter and the full year ended December 31, 2021.\"2021 marked a transformational year for Ondas, highlighted by Ondas Networks' commercial success in the rail sector and the acquisition of American Robotics, which closed in the third quarter,\" said Eric Brock, Ondas' Chairman and CEO. \"At Ondas Networks, we transitioned from investing in market development to platform delivery of FullMAX™, our patented wireless radio system for secure, licensed, private, wide-area broadband networks. American Robotics accelerated the execution of its business plan and secured orders for its AI-enabled fully automated Scout System™ with initial franchise customers.\"\"We entered 2022 with strong momentum across both business units. Investments in our technology platforms and business development activities are providing value to customers and creating traction in the field. Ondas Networks is preparing for significant revenue growth in the coming quarters driven by expected 900 MHz network deployments with our rail customers. At American Robotics, we are seeing strong customer engagement as we introduce the Scout System™ into new industrial end markets. We expect successful field operations with multiple franchise customers, setting the stage for initial fleet orders of our Scout System™ in 2022. Overall, we ended the year with a strong balance sheet, including more than $40 million in cash, which we believe provides us ample runaway to execute on our growth strategy.\"Full Year 2021 a...