Ondas reports prelim 2022 rev ~$2.1M; guides 2023 rev $26-30M; reorganizes drone ops

Ondas Inc.

2022-FY EPS reported -$1.73 revenue$2,125,817

Preliminary 2022 revenue approx. $2.1M; Adjusted EBITDA loss $39.5-40.5M; cash $29.8M.
2023 revenue guidance $26-30M; Adjusted EBITDA loss $19-24M; backlog $12.9M.
Forms Ondas Autonomous Systems combining American Robotics & Airobotics; Meir Kliner CEO.
Reese Mozer appointed President of Ondas; Derek Reisfield remains CFO/Vijay Somandepalli VP.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Ondas Inc. reported the full year ended December 31, 2023 results: revenue between $26 million and $30 million. Guidance initiated.

Period: the full year ended December 31, 2023
Revenue: between $26 million and $30 million
Guidance: initiated
Result: guidance update

Exact text from the filing

Ondas is issuing preliminary revenue guidance between $26 million and $30 million and Adjusted EBITDA loss of between approximately $19 million and $24 million for the full year ended December 31, 2023.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Ondas Inc. reported the full year ended December 31, 2022 results: revenue approximately $2.1 million. Guidance initiated.

Period: the full year ended December 31, 2022
Revenue: approximately $2.1 million
Guidance: initiated
Result: preliminary results

Exact text from the filing

a previously announced Virtual Investor Event today at 10:00 a.m. ET. Based on preliminary unaudited fourth quarter results, the Company expects total revenue of approximately $2.1 million and an Adjusted EBITDA loss of approximately $39.5 - 40.5 million for the full year 2022. The Company also ended 2022 with $29.8 million of cash and outstanding convertible

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168 earnings releases filed in the last 30 days. Browse all earnings releases →

Ondas Inc. filing history →

Source: SEC EDGAR

accession 0001213900-23-011133

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