Ondas Holdings Inc. Company profile
About Ondas Holdings Inc
Ondas Holdings Inc. is a provider of private wireless data and drone solutions through its wholly owned subsidiaries Ondas Networks Inc. (Ondas Networks) and American Robotics, Inc. (American Robotics). Ondas Networks provides wireless connectivity solutions enabling mission-critical Industrial Internet applications and services. The Company designs, develops, manufactures, sells, and supports FullMAX, a software defined radio (SDR) platform for secure, licensed, private, wide-area broadband networks. FullMAX SDR platform is designed to enable secure and reliable industrial-grade connectivity for mission-critical applications. The end-to-end FullMAX network consists of connected wireless base stations, fixed and mobile edge radios. It offers a range of products with different options for narrowband and broadband applications. The Company provides mission-critical wireless services to industrial and governmental customers in the regions of the United States.
Financial summary
BRIEF: For the nine months ended 30 September 2021, Ondas Holdings Inc revenues increased 19% to $2.3M. Net loss increased 16% to $10.9M. Revenues reflect Other revenue segment increase from $6K to $1.9M, Service Revenue segment increase of 89% to $43K. Higher net loss reflects General and administration increase of 46% to $7.6M (expense), Research and Development increase of 34% to $3.4M (expense).