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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財年三季報
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報告2024年第三季度營業收入爲148萬美元,同比下降44%,去年爲267萬美元。下降主要是由於Ondas Networks的產品銷售減少,部分被增加的開發收入抵消。毛利潤從去年的555,000美元降至48,000美元。營業費用上升34%,達到871萬美元,主要是由於人力資源成本和基於股票的補償增加。這導致經營虧損達到866萬美元,而2023年第三季度爲593萬美元。淨虧損從去年的729萬美元擴大到953萬美元。公司季度末現金及現金等價物爲287萬美元。Ondas在2024年通過優先股和認股權證銷售籌集了額外資金。管理層提到正在爲增加營業收入和控制成本而持續努力,但對公司能否繼續作爲持續經營單位仍存在重大疑慮。
Ondas Holdings報告2024年第三季度營業收入爲148萬美元,同比下降44%,去年爲267萬美元。下降主要是由於Ondas Networks的產品銷售減少,部分被增加的開發收入抵消。毛利潤從去年的555,000美元降至48,000美元。營業費用上升34%,達到871萬美元,主要是由於人力資源成本和基於股票的補償增加。這導致經營虧損達到866萬美元,而2023年第三季度爲593萬美元。淨虧損從去年的729萬美元擴大到953萬美元。公司季度末現金及現金等價物爲287萬美元。Ondas在2024年通過優先股和認股權證銷售籌集了額外資金。管理層提到正在爲增加營業收入和控制成本而持續努力,但對公司能否繼續作爲持續經營單位仍存在重大疑慮。
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