Ondas Inc · NASDAQ:ONDS

Ondas — Q2 2024 Earnings Presentation

21 slides from Ondas's earnings presentation, Aug 14, 2024

  1. Slide 1: Second Quarter 2024 Earnings Release

    Second Quarter 2024 Earnings Release Nasdaq : ONDS NASDAQ: ONDS | August 14, 2024 Copyright 2024. All rights reserved.

  2. 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,

  3. Slide 3: Leadership Team

    Nasdaq: ONDS Leadership Team ERIC BROCK CHAIRMAN & CEO Eric is an entrepreneur with over 25 years of management and investing experience. NEIL LAIRD GUY SIMPSON MEIR KLINER TIM TENNE INTERIM CFO, PRESIDENT & COO PRESIDENT CEO TREASURER & SECRETARY Guy joined Ondas Networks in Meir is an entrepreneur

  4. Slide 4: Agenda

    Nasdaq: ONDS Agenda Ondas on track to accelerate momentum in 2024 • Introduction • Financial Review & Outlook • Business Update • Ondas Networks • Ondas Autonomous Systems (OAS) • Closing Remarks • Q&A 4

  5. Slide 5: Overview

    Nasdaq: ONDS Overview Proprietary Technology Platforms Positioned for Success • Achieved critical technical and operational milestones • Successful systems integration in 900 MHz with multiple customers • Siemens secured initial ATCS 900 MHz order; others pending • Iron Drone establishes Defense sec

  6. Slide 6: Financial Review

    Nasdaq: ONDS Financial Review KEY FINANCIAL INSIGHTS: SELECT P&L DATA Three Months Ended June 30, • P&L reflects early stage of initial platform (Unaudited) 2024 2023 adoption for Ondas Networks and OAS Revenues, net $ 957,851 $ 5,468,964 • Revenue as expected due to extended Cost of goods sold 1,14

  7. Slide 7: Financial Review

    Nasdaq: ONDS Financial Review KEY FINANCIAL INSIGHTS: • Cash balance of $5.0 million SELECT CASH FLOW DATA Six Months Ended June 30, (Unaudited) 2024 2023 • Reflects increase of systems inventory at both business units Net cash used in operating activities $ (16,274,722) $ (21,864,777) • Cash provid

  8. Slide 8: Balance Sheet

    Nasdaq: ONDS Balance Sheet KEY FINANCIAL INSIGHTS: SELECT BALANCE SHEET DATA • Cash balance of $5.0 million (Unaudited) ASSETS Jun. 30, 2024 Dec. 31, 2023 • Convertible notes amortize Cash and restricted cash $ 4,975,374 $ 15,022,000 monthly through maturity via equity Total assets $ 82,520,936 $ 92

  9. Slide 9: Ondas

    ONDAS

  10. Slide 10: 900 MHz – ATCS & dot16 Update

    Nasdaq: ONDS 900 MHz – ATCS & dot16 Update Systems integration progressing • First commercial order for 900 MHz network migration • Commuter railroad in the Southwest • Network–wide update to Airlink products complete • Preparing for the introduction of new dot16 applications • Continuing systems in

  11. Slide 11: Strategic Roadmap

    Nasdaq: ONDS Strategic Roadmap Gaining clarity on 900 MHz timelines is key objective • Current customer field activity in Chicago and Southwest • Migration of multiple networks to new 900 MHz A-Block • Introduction of new dot16 applications (e.g., Crossings, HBD) • Engaging with Railroads on 2025 90

  12. Slide 12: Autonomous Systems

    AUTONOMOUS SYSTEMS RS AR AMERICAN AIROBOTICS NE ROBOTICS

  13. Slide 13: OAS Update

    Nasdaq: ONDS OAS Update Leverage growing investments in defense and homeland security capabilities • Advanced Iron Drone Raider capabilities addressing urgent requirements for military-grade solutions • Captured both a global defense and major military as customers • Secured first order for deployme

  14. Slide 14: Autonomy Continuum – The Raider

    Nasdaq: ONDS Autonomy Continuum – The Raider Software-based intelligent, high-speed navigation in complex, GPS-denied environments AUTONOMOUS FLIGHT AI VISION TARGET HOMING INTERCEPTION (to estimated location) (with on-board micro-radar) PHASE-1 PHASE-2 PHASE-3 14 14

  15. 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 Iron Drone Raider as commercial platform to defense market • Execute on combat deployments; secure follow-on volume orders • Build supply

  16. Slide 16: US Customer & Strategic Activity

    Nasdaq: ONDS US Customer & Strategic Activity American Robotics prepared for growth • Opened Maryland Customer Service and Training Center in June • Strategic location supports customer engagement in key markets • Optimus System and Kestrel DAA enabling autonomy • Secured fixed-price contract from U

  17. Slide 17: Outlook

    Nasdaq: ONDS Outlook Focus on deployments and operational scale • Expect significant revenue recovery driven by OAS in 2H 2024 • Advanced development programs; work with Railroads on buildout plans • Tracking demand for Optimus Systems from existing and new customers • Execute in field and build cap

  18. Slide 18: Q&A

    Q&A NASDAQ: ONDS | August 14, 2024 Second Quarter 2024 Earnings Release Copyright 2024. All rights reserved.

  19. Slide 19: Appendix

    Nasdaq: ONDS Appendix ADJUSTED EBITDA RECONCILIATION Three Months Ended June 30, (Unaudited) 2024 2023 Net Loss $ (8,269,736) $ (8,958,086) Depreciation Expense 111,234 160,081 Other (Income) Expense, net (33,854) 461,421 Amortization of Intangible Assets 1,053,377 1,059,955 Stock Based Compensation

  20. Slide 20: Non-GAAP Financial Measure

    Nasdaq: ONDS Non-GAAP Financial Measure As required by the rules of the Securities and Exchange Commission (“SEC”), we provide a reconciliation of Earnings (Loss) before interest, depreciation, amortization, stock-based compensation and taxes (“Adjusted EBITDA”), the non-GAAP financial measure, cont

  21. Slide 21: Thank You

    Nasdaq: ONDS THANK YOU NASDAQ: ONDS | August 14, 2024 Copyright 2024. All rights reserved. Nasdaq : ONDS 21

Ondas Holdings — Q2 2024 Earnings Presentation on 6ix