Ondas Holdings Inc. (ONDS) Financial Statements (2025 and earlier)
Company Profile
| Business Address |
1 MARINA PARK DRIVE BOSTON, MA 02210 |
| State of Incorp. | NV |
| Fiscal Year End | December 31 |
| Industry (SIC) | 3663 - Radio and Television Broadcasting and Communications Equipment (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 14,979 | 29,775 | 40,815 | 26,061 | 2,153 | 1,130 | |||
| Cash and cash equivalent | 14,979 | 29,775 | 40,815 | 26,061 | 2,153 | 1,130 | |||
| Restricted cash and investments | |||||||||
| Receivables | 3,430 | 2,104 | 1,213 | 48 | 20 | 30 | |||
| Inventory, net of allowances, customer advances and progress billings | 2,187 | 2,173 | 1,178 | 1,152 | 428 | 348 | |||
| Inventory | 2,187 | 2,173 | 1,178 | 1,152 | 428 | 348 | |||
| Other current assets | 2,968 | 1,750 | 1,450 | 629 | 701 | 533 | |||
| Other undisclosed current assets | 43 | ||||||||
| Total current assets: | 23,606 | 35,802 | 44,656 | 27,890 | 3,301 | 2,042 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 51 | 331 | ✕ | ||||||
| Property, plant and equipment | 4,176 | 3,100 | 1,032 | 163 | 252 | 502 | |||
| Intangible assets, net (including goodwill) | 380 | 126 | 53 | ||||||
| Goodwill | |||||||||
| Intangible assets, net (excluding goodwill) | 380 | 126 | 53 | ||||||
| Deposits noncurrent assets | |||||||||
| Other noncurrent assets | 64,382 | 59,043 | 71,750 | ||||||
| Other undisclosed noncurrent assets | 29 | 252 | 64 | ||||||
| Total noncurrent assets: | 68,558 | 62,143 | 72,782 | 622 | 962 | 620 | |||
| TOTAL ASSETS: | 92,165 | 97,945 | 117,439 | 28,512 | 4,264 | 2,662 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities, including: | 3,588 | 3,325 | 1,150 | 2,171 | 2,322 | 1,112 | |||
| Employee-related liabilities | ✕ | ✕ | ✕ | 270 | 2,126 | ||||
| Accounts payable | 2,966 | 2,322 | 1,112 | ||||||
| Accrued liabilities | 2,740 | 359 | 161 | 45 | |||||
| Other undisclosed accounts payable and accrued liabilities | 848 | 719 | |||||||
| Deferred revenue | 277 | 62 | 512 | 165 | ✕ | ||||
| Debt | 26,085 | 14,901 | 60 | 10,596 | 13,946 | ||||
| Deferred rent credit | 1,380 | 193 | |||||||
| Other liabilities | 521 | ||||||||
| Government assistance, liability | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | |||
| Other undisclosed current liabilities | 4,090 | 3,314 | 2,768 | 10,090 | 3,142 | 2,188 | |||
| Total current liabilities: | 35,940 | 21,602 | 4,624 | 12,485 | 16,060 | 17,246 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 3,112 | 15,447 | 242 | 52 | 300 | ||||
| Long-term debt, excluding current maturities | 3,112 | 15,447 | 300 | ||||||
| Liabilities, other than long-term debt | 5,828 | 2,674 | 40 | 36 | 41 | ||||
| Accounts payable and accrued liabilities | 27 | 218 | 40 | 36 | 41 | ||||
| Other liabilities | |||||||||
| Operating lease, liability | 5,801 | 2,456 | 242 | 52 | ✕ | ||||
| Government assistance, liability | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | |||
| Other undisclosed noncurrent liabilities | 2,229 | 300 | 907 | 540 | |||||
| Total noncurrent liabilities: | 11,169 | 18,121 | 582 | 943 | 634 | 300 | |||
| Total liabilities: | 47,109 | 39,722 | 5,206 | 13,428 | 16,694 | 17,546 | |||
| Temporary equity, including noncontrolling interest | 11,921 | ||||||||
| Equity | |||||||||
| Equity, attributable to parent | 33,135 | 58,223 | 112,233 | 15,084 | (12,430) | (14,885) | |||
| Common stock | 6 | 4 | 4 | 3 | 6 | 5 | |||
| Additional paid in capital | 231,489 | 211,734 | 192,502 | 80,330 | 39,335 | 17,492 | |||
| Accumulated deficit | (198,360) | (153,515) | (80,273) | (65,250) | (51,772) | (32,382) | |||
| Other undisclosed equity | 0 | 0 | |||||||
| Total equity: | 33,135 | 58,223 | 112,233 | 15,084 | (12,430) | (14,885) | |||
| Other undisclosed liabilities and equity | (0) | (0) | |||||||
| TOTAL LIABILITIES AND EQUITY: | 92,165 | 97,945 | 117,439 | 28,512 | 4,264 | 2,662 | |||
Income Statement (P&L) ($ in thousands)
| 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 15,691 | 2,126 | 2,907 | 2,164 | 320 | 190 | ||
| Net investment income | 43,000 | |||||||
| Other income | (660) | (76) | 592 | 20 | 13 | 4 | ||
| Cost of revenue | (9,310) | (1,017) | (1,811) | (1,236) | (79) | (39) | ||
| Cost of product and service sold | (9,310) | (1,017) | (1,811) | (1,236) | ||||
| Provision for loan, lease, and other losses | ||||||||
| Gross profit: | 6,381 | 1,109 | 1,096 | 928 | 241 | 151 | ||
| Operating expenses | (46,110) | (70,539) | (19,069) | (12,452) | (15,613) | (8,586) | ||
| Operating loss: | (39,729) | (69,430) | (17,974) | (11,524) | (15,372) | (8,436) | ||
| Nonoperating income (expense) | (5,116) | (3,812) | 28 | (1,954) | (4,018) | (3,661) | ||
| Other nonoperating income (expense) | (5,116) | (3,812) | 28 | (1,954) | (4,018) | (3,661) | ||
| Interest and debt expense | (4,155) | (3,762) | (426) | (1,181) | (2,929) | (44) | ||
| Loss from continuing operations before equity method investments, income taxes: | (49,000) | (77,004) | (18,372) | (14,659) | (22,320) | (12,141) | ||
| Other undisclosed income from continuing operations before income taxes | 4,155 | 3,762 | 426 | 1,181 | 2,929 | 44 | ||
| Loss from continuing operations before income taxes: | (44,845) | (73,242) | (17,946) | (13,478) | (19,390) | (12,097) | ||
| Income tax expense (benefit) | 2,922 | (51,000) | ||||||
| Loss from continuing operations: | (44,845) | (73,242) | (15,024) | (64,478) | (19,390) | (12,097) | ||
| Loss before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | (12,102) | (64,478) | (19,390) | (12,097) | |
| Income from discontinued operations | 2,922 | |||||||
| Other undisclosed net income (loss) | (13,850) | (2,922) | 51,000 | |||||
| Net loss: | (44,845) | (87,092) | (15,024) | (13,478) | (19,390) | (12,097) | ||
| Other undisclosed net income attributable to parent | 13,850 | |||||||
| Net loss attributable to parent: | (44,845) | (73,242) | (15,024) | (13,478) | (19,390) | (12,097) | ||
| Preferred stock dividends and other adjustments | (1,514) | |||||||
| Net loss available to common stockholders, diluted: | (46,359) | (73,242) | (15,024) | (13,478) | (19,390) | (12,097) | ||
Comprehensive Income ($ in thousands)
| 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Net loss: | (44,845) | (87,092) | (15,024) | (13,478) | (19,390) | (12,097) | ||
| Comprehensive loss, net of tax, attributable to parent: | (44,845) | (87,092) | (15,024) | (13,478) | (19,390) | (12,097) | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.