Ondas Inc · NASDAQ:ONDS
Ondas — Q4 2024 Earnings Presentation
24 slides from Ondas's earnings presentation, Mar 12, 2025
Slide 1: Fourth Quarter & Full Year 2024 Earnings Release
Fourth Quarter & Full Year 2024 Earnings Release Nasdaq : ONDS NASDAQ: O NDS | March 12, 2025 Cop yright 2025. All rights reserved.
Slide 2: Disclaimer
Nasdaq: ONDS Disclaimer This presentation may contain "forward-looking statements" as that term is defined under the Private Securities Litigation Reform Act of 1995 (PSLRA), which statements may be identified by words such as "expects," "projects," "will," "may," "anticipates," "believes," "should,
Slide 3: Leadership Team
Nasdaq: ONDS Leadership Team Oshri Lugassi Co-CEO Oshri is a defense and technology leader with decades of experience in autonomous systems, global business Eric Brock development, and military command. CHAIRMAN & CEO Eric is an entrepreneur with over 25 years of management and investing experience.
Slide 4: Agenda
Nasdaq: ONDS Agenda • Introduction • Financial Review • Business Update • Ondas Networks • Ondas Autonomous Systems (OAS) • Closing Remarks • Q&A 4
Slide 5: 2024 Review
Nasdaq: ONDS 2024 Review A Year of Momentum and Strategic Progress Ondas Autonomous Systems • Entered the Defense market with Optimus & Iron Drone • Captured two PORs with major military in Middle East • Positioned Iron Drone to define low kinetic CUAS category • Advanced operational plan to support
Slide 6: Outlook for 2025
Nasdaq: ONDS Outlook for 2025 Positioned for a Record Year Drive Growth with Existing Programs and Customers Execute and expand existing programs Further Expansion Through New Customer Programs Secure new military customers; execute US pipeline Continue Investments to Scale Operations Palantir Found
Slide 7: Palantir Partnership
Nasdaq: ONDS Palantir Partnership Palantir Foundry to help scale OAS operating platform in support of revenue ramp • What: Ondas has partnered with Palantir Technologies to integrate the Palantir Foundry platform into its operations, enhancing its autonomous drone platforms. • Why: The partnership a
Slide 8: Financial Review Q4 2024
Nasdaq: ONDS Financial Review KEY FINANCIAL INSIGHTS: Q4 2024 • P&L reflects early stage of initial platform SELECT P&L DATA Three Months Ended December 31, adoption for Ondas Networks and OAS (Unaudited) 2024 2023 • Gross margin lower on product / services Revenues, net $ 4,129,042 $ 4,961,285 Cost
Slide 9: Financial Review FY 2024
Nasdaq: ONDS Financial Review KEY FINANCIAL INSIGHTS: FY 2024 • Revenue results due to • War disruptions at OAS SELECT P&L DATA Twelve Months Ended December 31, (Unaudited) 2024 2023 • Extended timelines at Ondas Networks Revenues, net $ 7,192,694 $ 15,691,430 • OPEX improvement driven by expense Co
Slide 10: Financial Review: Cash Flow
Nasdaq: ONDS Financial Review FY 2024 KEY FINANCIAL INSIGHTS: SELECT CASH FLOW DATA Year Ended December 31, • Cash balance of $30.0 million (Unaudited) 2024 2023 • Operating cash burn includes working Net cash used in operating activities $ (33,469,623) $ (34,019,519) capital investment of $4.8 mill
Slide 11: Balance Sheet
Nasdaq: ONDS Balance Sheet FY 2024 KEY FINANCIAL INSIGHTS: SELECT BALANCE SHEET DATA Dec. 31 2024 Dec. 31, 2023 • New investment at Ondas Holdings and (Unaudited) ASSETS Ondas Networks Cash and restricted cash $ 29,999,321 $ 15,022,000 • $21.3 million Convertible Notes Total assets $ 109,622,288 $ 9
Slide 12: Ondas Networks
ONDAS
Slide 13: 900 MHz – ATCS & dot16 Update
Nasdaq: ONDS 900 MHz – ATCS & dot16 Update Continuing to support critical comms infrastructure • Received order from Metra, Chicago's primary rail system, for system-wide upgrade of 900 MHz ATCS network • Deployment on a Class I in the Chicago area • Class I Railroads signal intent to build mixed-us
Slide 14: Strategic Roadmap
Nasdaq: ONDS Strategic Roadmap Engaging railroads on communications challenges • Continuing to support deployment of customer networks • Migration of multiple networks to new 900 MHz A-Block • Executing on 220 MHz PTC data radio on behalf of Amtrak • Milestones achieved; first prototypes delivered i
Slide 15: Autonomous Systems
AUTONOMOUS SYSTEMS AIR@BOTICS RS NE RR RodNCs
Slide 16: Opening Comments
Nasdaq: ONDS Opening Comments "OAS is positioned as a leader in autonomous defense technology, bringing THE DEFENSE-TECH OPPORTUNITY combat-proven, AI-driven solutions to allied forces. With our advanced platforms and operational expertise, we intend to help shape the future of modern warfare GLOBAL
Slide 17: OAS Update
Nasdaq: ONDS OAS Update OAS leverages growing investments in defense, homeland security and public safety capabilities • Secured $14.4 million in orders in second half of 2024 for Iron Drone and Optimus for military and homeland security applications • Established programs with major military custom
Slide 18: Next-Gen Defense-Tech
Nasdaq: ONDS Next-Gen Defense-Tech Advancing autonomous capabilities with defense end-users • Our strategic orders during 2024 are paving the way for large expansion in the defense and homeland security sectors • The Iron Drone Raider is already operational generating feedback • The Optimus system i
Slide 19: Market, Customer and Product Expansion
Nasdaq: ONDS Market, Customer and Product Expansion Expansion in all target regiones with key customers and partners in Defense, Homeland Security and Critical operations • US Market • Matured pipeline with key customers in public safety and critical infrastructure • Received purchase order from lar
Slide 20: Outlook for 2025
Nasdaq: ONDS Outlook for 2025 Positioned for a record year in 2025 • Expect to deliver on our $10 million backlog Expect a record year for bookings • Expanded Programs • Expand existing programs with military customer and in UAE • Secure new military customers • Secure new critical infrastructure an
Slide 21: Q&A
Q&A NASDAQ: O NDS | March 12, 2025 Fourth Quarter & Full Year 2024 Earnings Release Copyright 2025. All rights reserved.
Slide 22: Appendix
Nasdaq: ONDS Appendix ADJUSTED EBITDA RECONCILIATION Three Months Ended December 31, Year Ended December 31, (Unaudited) 2024 2023 2024 2023 Net Loss $ (10,335,669) $ (14,138,774) $ (38,007,757) $ (44,844,872) Depreciation Expense 177,667 196,209 602,304 844,833 Other Income (Expense), net 1,817,865
Slide 23: Non-GAAP Financial Measures
Nasdaq: ONDS Non-GAAP Financial Measures As required by the rules of the Securities and Exchange Commission (“SEC”), we provide reconciliations of Earnings (Loss) before interest, depreciation, amortization, stock-based compensation and taxes (“Adjusted EBITDA”) and cash operating expenses, the non-
Slide 24: Thank You
Nasdaq: ONDS THANK YOU NASDAQ: ONDS | March 12, 2025 Copyright 2025. All rights reserved. Nasdaq : ONDS 24