---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-24-028229"
form_type: "8-K"
ticker: "ONDS"
cik: "0001646188"
company_name: "Ondas Inc."
filed_at: "2024-04-01T23:59:59+00:00"
generated_at: "2026-06-04T04:43:30.221773+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Ondas Holdings record FY23 revenue $15.7M (+638% YoY); narrows net loss; expects continued growth in 2024

## Summary
- FY23 revenue $15.7M (up 638% YoY); Q4 revenue $5.0M (10x YoY). OAS segment $9.0M, Ondas Networks $6.7M.
- Net loss narrowed to $44.8M for FY23 from $73.2M in FY22; Adjusted EBITDA loss $29.7M vs $40.1M.
- Cash at Dec 31, 2023: $15.0M; pro forma $23.4M after subsequent equity and preferred stock raise of $8.6M.
- Expects significant revenue growth in FY2024 driven by 900 MHz rail network deployments and OAS scaling.
- FAA Type Certification for Optimus-1EX; first commercial order for urban drone fleets in Dubai and Abu Dhabi.

## SEC filing metadata
- accession: 0001213900-24-028229
- form_type: 8-K
- ticker: ONDS
- cik: 0001646188
- company_name: Ondas Inc.
- filed_at: 2024-04-01T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1646188/000121390024028229/0001213900-24-028229-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1646188/000121390024028229/ea0202886-8k_ondas.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-24-028229
- JSON: https://secwatch.observer/filing/0001213900-24-028229.json
- Plain text: https://secwatch.observer/filing/0001213900-24-028229.txt

## Key facts
- Earnings Releases
  Ondas Inc. reported the fourth quarter and year ended December 31, 2023 results: revenue $15.7 million.
  - Period: the fourth quarter and year ended December 31, 2023
  - Revenue: $15.7 million
  - Result: reported results
  source text: 2 ea020288601ex99-1_ondas.htm PRESS RELEASE, DATED APRIL 1, 2024 Exhibit 99.1 Ondas Holdings Reports Fourth Quarter and Full Year 2023 Financial Results Record 2023 revenues of $15.7 million, an increase of 638% over 2022, driven by commercial adoption of the Optimus System and record product revenues at Ondas Networks Q4 2023 revenues were $5.0 million, a
  evidence_url: https://www.sec.gov/Archives/edgar/data/1646188/000121390024028229/0001213900-24-028229-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.