Ondas Holdings reports Q4 net loss of $38.3M; reaffirms FY2023 rev guidance $26-30M

Ondas Inc.

Q4 2022 revenue $0.5M vs $0.6M YoY; net loss $38.3M including $19.4M goodwill impairment.
Full year 2022 revenue $2.1M (-28% YoY); net loss $73.2M vs $15.0M in 2021.
Adjusted EBITDA loss for full year 2022 was $40.1M vs $13.2M in 2021.
Reaffirmed FY2023 outlook: revenue $26M-$30M, Adj. EBITDA loss $19M-$24M.
Cash position $29.8M at year-end; $34.5M convertible note offering closed Oct 2022.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Ondas Inc. updated its the fourth quarter and year ended December 31, 2022 guidance (reaffirmed).

Period: the fourth quarter and year ended December 31, 2022
Guidance: reaffirmed
Result: reported results

Exact text from the filing

Ondas Holdings Reports Fourth Quarter and Full Year 2022 Financial Results Reaffirms operating and financial outlook shared at Virtual Investor Event on February 14, 2023

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Source: SEC EDGAR

accession 0001213900-23-019741

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