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Ondas Holdings | 10-Q: Q3 2024 Earnings Report

Ondas Holdings | 10-Q: Q3 2024 Earnings Report

Ondas Holdings | 10-Q:2024财年三季报
美股SEC公告 ·  2024/11/12 11:59

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Ondas Holdings reported Q3 2024 revenue of $1.48 million, down 44% year-over-year from $2.67 million. The decrease was primarily due to lower product sales at Ondas Networks, partially offset by increased development revenue. Gross profit fell to $48,000 from $555,000 last year.Operating expenses rose 34% to $8.71 million, driven by higher human resource costs and stock-based compensation. This led to an operating loss of $8.66 million, compared to $5.93 million in Q3 2023. Net loss widened to $9.53 million from $7.29 million last year.The company ended the quarter with $2.87 million in cash and equivalents. Ondas raised additional capital through preferred stock and warrant sales in 2024. Management cited ongoing efforts to grow revenue and control costs, but substantial doubt remains about the company's ability to continue as a going concern.
Ondas Holdings reported Q3 2024 revenue of $1.48 million, down 44% year-over-year from $2.67 million. The decrease was primarily due to lower product sales at Ondas Networks, partially offset by increased development revenue. Gross profit fell to $48,000 from $555,000 last year.Operating expenses rose 34% to $8.71 million, driven by higher human resource costs and stock-based compensation. This led to an operating loss of $8.66 million, compared to $5.93 million in Q3 2023. Net loss widened to $9.53 million from $7.29 million last year.The company ended the quarter with $2.87 million in cash and equivalents. Ondas raised additional capital through preferred stock and warrant sales in 2024. Management cited ongoing efforts to grow revenue and control costs, but substantial doubt remains about the company's ability to continue as a going concern.
Ondas Holdings报告2024年第三季度营业收入为148万美元,同比下降44%,去年为267万美元。下降主要是由于Ondas Networks的产品销售减少,部分被增加的开发收入抵消。毛利润从去年的555,000美元降至48,000美元。营业费用上升34%,达到871万美元,主要是由于人力资源成本和基于股票的补偿增加。这导致经营亏损达到866万美元,而2023年第三季度为593万美元。净亏损从去年的729万美元扩大到953万美元。公司季度末现金及现金等价物为287万美元。Ondas在2024年通过优先股和认股权证销售筹集了额外资金。管理层提到正在为增加营业收入和控制成本而持续努力,但对公司能否继续作为持续经营单位仍存在重大疑虑。
Ondas Holdings报告2024年第三季度营业收入为148万美元,同比下降44%,去年为267万美元。下降主要是由于Ondas Networks的产品销售减少,部分被增加的开发收入抵消。毛利润从去年的555,000美元降至48,000美元。营业费用上升34%,达到871万美元,主要是由于人力资源成本和基于股票的补偿增加。这导致经营亏损达到866万美元,而2023年第三季度为593万美元。净亏损从去年的729万美元扩大到953万美元。公司季度末现金及现金等价物为287万美元。Ondas在2024年通过优先股和认股权证销售筹集了额外资金。管理层提到正在为增加营业收入和控制成本而持续努力,但对公司能否继续作为持续经营单位仍存在重大疑虑。
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