Ondas Holdings Inc. (ONDS) is an important drone solution and wireless data providing company. The company operates through contemporary software-based wireless broadband technology for catering to different industrial markets. The company overcomes the limitations of bandwidth of private licensed wireless platforms.
The price of ONDS stock during the early trading session on January 26, 2022 was last checked to be $4.99 with a significant increase of 10.04%.
ONDS: Events and Happenings
On January 26, 2022, ONDS reported about the receipt of an acquisition order from Chevron for automated Scout Systems by its subsidiary. The number of customers of the subsidiary grew to two after the placement of this order. ONDS reported On December 28, 2021, about the development of a research program for rail communications at Penn State RTE platform by its subsidiary.
ONDS reported On December 21, 2021, about the receipt of an order of radio systems for the Rail Lab in North America by its subsidiary. On November 30, 2021, ONDS reported its subsidiary’s Mercury Radio had been approved to use in 450 MHz frequency band.
ONDS: Key Financials
On November 15, 2021, ONDS reported its financial results for the third quarter ended September 30, 2021. Some of the key aspects are as follows.
Revenue
Revenue declined by 54% over the yearly period. The total revenue in Q3 2021 was $0.3 million compared to $0.6 million for the same period in 2020.
Assets
Total current assets in the third quarter 2021 were $50.6 million.
Net Loss per Share
Basic and diluted net loss per share in Q3 2021 was $4.9 million or $0.13 versus $3.3 million or $0.17 for the same period in 2020.
Conclusion
ONDS stock is on the declining verge from the last half year as a deceleration of 36% was observed during the period. The recent early trades flourished stock is the outcome of order placement by a leading company. The analysts believe that this step will prove fruitful in the company’s development in coming days.
