Ondas Holdings Inc. (ONDS) Financial Statements (2024 and earlier)

Company Profile

Business Address 411 WAVERLEY OAKS ROAD
WALTHAM, MA 02452
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)

9/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments29,77540,81526,0612,1531,1303
Cash and cash equivalents29,77540,81526,0612,1531,1303
Receivables2,1041,2134820301
Inventory, net of allowances, customer advances and progress billings2,1731,1781,1524283484
Inventory2,1731,1781,1524283484
Other current assets1,7501,450629701533 
Other undisclosed current assets      
Total current assets:35,80244,65627,8903,3012,0428
Noncurrent Assets
Operating lease, right-of-use asset   51331
Property, plant and equipment3,1001,032163252502 
Intangible assets, net (including goodwill)   38012653 
Intangible assets, net (excluding goodwill)   38012653 
Other noncurrent assets59,04371,750    
Other undisclosed noncurrent assets   2925264 
Total noncurrent assets:62,14372,782622962620 
TOTAL ASSETS:97,945117,43928,5124,2642,6628
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:3,3251,1502,1712,3221,1129
Employee-related liabilities2702,126   
Accounts payable 2,966  2,3221,112 
Accrued liabilities35916145   
Other undisclosed accounts payable and accrued liabilities 719   9
Deferred revenue62512165 
Debt14,901 6010,59613,946 
Deferred rent credit  193   
Due to related parties     77
Other liabilities      
Other undisclosed current liabilities3,3142,76810,0903,1422,188 
Total current liabilities:21,6024,62412,48516,06017,24686
Noncurrent Liabilities
Long-term debt and lease obligation15,447242 52300 
Long-term debt, excluding current maturities15,447   300 
Liabilities, other than long-term debt2,674403641  
Accounts payable and accrued liabilities218403641  
Operating lease, liability2,456242 52
Other undisclosed noncurrent liabilities 300907540  
Total noncurrent liabilities:18,121582943634300 
Total liabilities:39,7225,20613,42816,69417,54686
Temporary equity, carrying amount      
Equity
Equity, attributable to parent58,223112,23315,084(12,430)(14,885)(78)
Common stock443651
Additional paid in capital211,734192,50280,33039,33517,49222
Accumulated deficit(153,515)(80,273)(65,250)(51,772)(32,382)(100)
Other undisclosed equity  00   
Total equity:58,223112,23315,084(12,430)(14,885)(78)
Other undisclosed liabilities and equity  (0)(0)   
TOTAL LIABILITIES AND EQUITY:97,945117,43928,5124,2642,6628

Income Statement (P&L) ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues2,1262,9072,1643201903
Revenue, net3
Other income(76)59220134 
Cost of revenue(1,017)(1,811)(1,236)(79)(39)(9)
Cost of goods and services sold(1,017)(1,811)(1,236)  (9)
Other undisclosed gross profit      
Gross profit:1,1091,096928241151(6)
Operating expenses(70,539)(19,069)(12,452)(15,613)(8,586)(38)
Operating loss:(69,430)(17,974)(11,524)(15,372)(8,436)(45)
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
(3,812)28(1,954)(4,018)(3,661) 
Interest and debt expense(3,762)(426)(1,181)(2,929)(44) 
Loss from continuing operations before equity method investments, income taxes:(77,004)(18,372)(14,659)(22,320)(12,141)(45)
Other undisclosed income from continuing operations before income taxes3,7624261,1812,92944 
Loss from continuing operations before income taxes:(73,242)(17,946)(13,478)(19,390)(12,097)(45)
Income tax expense (benefit)  2,922(51,000)   
Loss from continuing operations:(73,242)(15,024)(64,478)(19,390)(12,097)(45)
Loss before gain (loss) on sale of properties:(12,102)(64,478)(19,390)(12,097)(45)
Income from discontinued operations  2,922    
Other undisclosed net income (loss)(13,850)(2,922)51,000   
Net loss:(87,092)(15,024)(13,478)(19,390)(12,097)(45)
Other undisclosed net income attributable to parent13,850     
Net loss attributable to parent:(73,242)(15,024)(13,478)(19,390)(12,097)(45)
Preferred stock dividends and other adjustments      
Net loss available to common stockholders, diluted:(73,242)(15,024)(13,478)(19,390)(12,097)(45)

Comprehensive Income ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net loss:(87,092)(15,024)(13,478)(19,390)(12,097)(45)
Comprehensive loss, net of tax, attributable to parent:(87,092)(15,024)(13,478)(19,390)(12,097)(45)

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.

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