Ondas Inc · NASDAQ:ONDS
Ondas — Q3 2024 Earnings Presentation
21 slides from Ondas's earnings presentation, Nov 12, 2024
Slide 1: Third Quarter 2024 Earnings Release
Third Quarter 2024 Earnings Release Nasdaq : ONDS NASDAQ: O NDS | November 12, 2024 Cop yright 2024. 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: Agenda
Nasdaq: ONDS Agenda • Introduction • Financial Review & Outlook • Business Update • Ondas Networks • Ondas Autonomous Systems (OAS) • Closing Remarks • Q&A 3
Slide 4: Leadership Team
Nasdaq: ONDS Leadership Team ERIC BROCK NEIL LAIRD GUY SIMPSON MEIR KLINER CHAIRMAN & CEO INTERIM CFO, PRESIDENT & COO PRESIDENT TREASURER & SECRETARY Eric is an entrepreneur with over Neil is an experienced financial Guy joined Ondas Networks in Meir is an entrepreneur with over 25 years of managem
Slide 5: Overview
Nasdaq: ONDS Overview Strong finish to 2024 • Iron Drone and Optimus secure $14.4 million in military orders • Defense sector is new vertical for OAS with expanded TAM / SOM • Iron Drone Raider positioned as best-in-class C-UAS • Global customer pipeline maturing; American Robotics gaining traction
Slide 6: Financial Review
Nasdaq: ONDS Financial Review KEY FINANCIAL INSIGHTS: SELECT P&L DATA Three Months Ended September 30, • P&L reflects early stage of initial platform (Unaudited) 2024 2023 adoption for Ondas Networks and OAS Revenues, net $ 1,480,792 $ 2 ,665,190 • Revenue as expected due to extended Cost of goods s
Slide 7: Financial Review
Nasdaq: ONDS Financial Review KEY FINANCIAL INSIGHTS: SELECT CASH FLOW DATA Nine Months Ended September 30, (Unaudited) 2024 2023 • Cash balance of $2.9 million • Cash used in operations decreased $2.7 Net cash used in operating activities $ (25,360,649) $ (28,108,744) million due to efficiencies in
Slide 8: Balance Sheet
Nasdaq: ONDS Balance Sheet KEY FINANCIAL INSIGHTS: • Convertible notes outstanding at Ondas SELECT BALANCE SHEET DATA Sept. 30, 2024 Dec. 31, 2023 (Unaudited) Holdings total $27.8 million ASSETS • Convertible notes outstanding at Ondas Cash and restricted cash $ 2,873,286 $ 15,022,000 Networks total
Slide 9: Ondas Networks
ONDAS
Slide 10: 900 MHz – ATCS & dot16 Update
Nasdaq: ONDS 900 MHz – ATCS & dot16 Update 900 MHZ plans coming into focus • Metra order reflects growing visibility in railroad 900 MHz plans • System-wide upgrade for 900 MHz ATCS network begins in Q4 2024 • Class I Railroad ordered expanded 900 MHz deployment in Chicago • Live Airlink data traffi
Slide 11: Strategic Roadmap
Nasdaq: ONDS Strategic Roadmap Pursuing deployment timelines and orders • Supporting deployment of customer networks • Migration of multiple networks to new 900 MHz A-Block • Expect initial ITCM over 900 MHz field activity during Q4 • Execute on 220 MHz PTC data radio on behalf of Amtrak • Milestone
Slide 12: Autonomous Systems
AUTONOMOUS SYSTEMS IRS AR AMERICAN AIROBOTICS NE ROBOTICS
Slide 13: OAS Update
Nasdaq: ONDS OAS Update OAS leverages growing investments in defense, homeland security and public safety capabilities • Secured $14.4 million in orders for Iron Drone and Optimus for military and homeland security applications • Established programs with major military customer • Advanced Iron Dron
Slide 14: Governmental Security Market
Nasdaq: ONDS Governmental Security Market A pivotal quarter with recorded high bookings of over $14 million Use Case Border/Assets Protection Border/Perimeter Security Segment Defense Homeland Security Product Iron Drone Optimus Order Amount $9.0M $5.4M • Initial systems deployment (July) • Implemen
Slide 15: Market, Customer and Product Expansion
Nasdaq: ONDS Market, Customer and Product Expansion Enhancing security and monitoring of critical facilities projects, public safety and military assets • Deliver and leverage Q3 bookings of the Iron Drone Raider and Optimus Systems • Advance specific upgrades in both systems • Execute on operationa
Slide 16: DFR Rapidly Evolving to Drone Infrastructure
Nasdaq: ONDS DFR Rapidly Evolving to Drone Infrastructure Optimus is well positioned to provide public autonomous drone infrastructure required for scalable operations • Public safety drone adoption cycle is accelerating DFR 3.0 • Agencies seeing huge value from drones – saving lives _______________
Slide 17: Outlook
Nasdaq: ONDS Outlook Focus on deployments and operational scale • Expect significant revenue recovery beginning in Q4 2024 • Delivering on OAS military orders; drive order book expansion • Advanced development programs; work with Railroads on 2025 buildout plans • Tracking demand for Optimus Systems
Slide 18: Q&A
Q&A NASDAQ: O NDS | November 12, 2024 Third Quarter 2024 Earnings Release Copyright 2024. All rights reserv ed.
Slide 19: Appendix
Nasdaq: ONDS Appendix ADJUSTED EBITDA RECONCILIATION Three Months Ended September 30, (Unaudited) 2024 2023 Net Loss $ (9,526,268) $ (7,292,461) Depreciation Expense 190,332 235,999 Other Income (Expense), net 865,553 1,358,440 Amortization of Intangible Assets 1,056,141 1,064,798 Stock Based Compen
Slide 20: 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 21: Thank You
Nasdaq: ONDS THANK YOU NASDAQ: ONDS | November 12, 2024 Copyright 2024. All rights reserved. Nasdaq : ONDS 21