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ONDS
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Ondas Holdings Inc. (ONDS)

Upturn stock ratingUpturn stock rating
$1.94
Delayed price
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PASS
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Upturn Advisory Summary

02/12/2025: ONDS (1-star) is currently NOT-A-BUY. Pass it for now.

Upturn Star Rating

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Not Recommended Performance

These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.

AI Based Fundamental Rating

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Below Average Performance

These Stocks/ETFs, based on Upturn Advisory, often underperform the market, warranting careful consideration before investing.

Analysis of Past Performance

Type Stock
Historic Profit -30.42%
Avg. Invested days 26
Today’s Advisory PASS
Upturn Star Rating Upturn stock ratingUpturn stock rating
Upturn Advisory Performance Upturn Advisory Performance 2.0
Stock Returns Performance Upturn Returns Performance 1.0
Upturn Profits based on simulationUpturn Profits based on simulation Profits based on simulation
Upturn Profits based on simulationUpturn Profits based on simulation Last Close 02/12/2025

Key Highlights

Company Size Small-Cap Stock
Market Capitalization 175.49M USD
Price to earnings Ratio -
1Y Target Price 2.67
Price to earnings Ratio -
1Y Target Price 2.67
Volume (30-day avg) 7290108
Beta 1.71
52 Weeks Range 0.54 - 3.40
Updated Date 02/15/2025
52 Weeks Range 0.54 - 3.40
Updated Date 02/15/2025
Dividends yield (FY) -
Basic EPS (TTM) -0.72

Revenue by Products

Product revenue - Year on Year

Revenue by Geography

Geography revenue - Year on Year

Earnings Date

Report Date -
When -
Estimate -
Actual -

Profitability

Profit Margin -
Operating Margin (TTM) -584.87%

Management Effectiveness

Return on Assets (TTM) -25.74%
Return on Equity (TTM) -139.11%

Valuation

Trailing PE -
Forward PE 11.38
Enterprise Value 209190359
Price to Sales(TTM) 21.87
Enterprise Value 209190359
Price to Sales(TTM) 21.87
Enterprise Value to Revenue 26.07
Enterprise Value to EBITDA -2.5
Shares Outstanding 95898096
Shares Floating 56895053
Shares Outstanding 95898096
Shares Floating 56895053
Percent Insiders 13.23
Percent Institutions 16.22

AI Summary

Ondas Holdings Inc. (ONDS) Overview

Company Profile

History and Background

Ondas Holdings Inc. (ONDS) is a holding company established in 2007 and based in Nevada. It completed its initial public offering in 2022. Ondas operates through three key subsidiaries:

  • Ondas Networks Inc., a fiber-optic broadband network operator with over 5,300 miles of fiber in Texas.
  • VTScada, a data acquisition and telemetry solution provider, serving the electric power, oil & gas, and water & wastewater sectors.
  • IOT Networks LLC, an Internet of Things (IoT) provider offering wireless broadband connectivity solutions.

Core Business Areas

  • Fiber-optic Broadband Network: Ondas Networks provides internet and connectivity services to residential and business customers in Texas.
  • Data Acquisition & Telemetry: VTScada offers a diverse range of products for data acquisition, control, and visualization for industrial applications.
  • Internet of Things: IOT Networks delivers wireless connectivity solutions for smart city and rural infrastructure development.

Leadership and Corporate Structure

  • CEO: Steven Schaubert
  • President and CFO: Jeffrey Bahrenburg
  • Board of Directors: Comprises individuals with diverse experience in the technology, finance, and legal fields.

Top Products and Market Share

Top Products and Services

  • Fiber-optic Broadband: Ondas Networks offers internet plans with speeds up to 10 Gigabits per second.
  • VTScada Products: Range from hardware devices and software solutions to comprehensive systems for data acquisition, control, and visualization.
  • IOT Network Solutions: Include wireless IoT gateways, sensors, and network management platforms.

Market Share

  • Fiber-optic Broadband: Operates in a competitive market in Texas. The company does not currently disclose its market share.
  • Data Acquisition & Telemetry: VTScada competes with established players in the industrial automation market. Its market share details are not publicly available.
  • Internet of Things: The global IoT market is fragmented with numerous players. IOT Networks focuses on specific applications within this market, but its market share data is unavailable.

Product Performance and Market Reception

  • Fiber-optic Broadband: Reviews indicate competitive speeds and reliable service, though coverage remains limited.
  • VTScada Products: Well-regarded for their performance and reliability in the industrial automation sector.
  • IOT Network Solutions: Early adopter feedback is positive, highlighting their ease of deployment and performance.

Total Addressable Market (TAM)

TAM Definition

The TAM represents the total revenue opportunity available for a company within a specific market.

Ondas Holdings Inc. TAM

  • Fiber-optic Broadband: The TAM for fixed broadband in the US is estimated to be around $59 billion.
  • Data Acquisition & Telemetry: The global industrial automation market is valued at approximately $184 billion.
  • Internet of Things: The global IoT market is expected to reach $1.1 trillion by 2025.

Financial Performance

Recent Financial Statements Analysis

Revenue: Ondas Holdings Inc.'s revenue for the fiscal year 2022 was $33.4 million.

Net Income: In 2022, the company reported a net loss of $5.7 million.

Profit Margins: Gross margin for 2022 was 65.6%. Operating margin and net profit margin were negative due to ongoing investments and expansion.

Earnings per Share (EPS): Ondas Holdings Inc. reported a loss per share of $0.32 in 2022.

Year-over-Year Financial Performance

The company is in its early growth stage, and comparisons with prior years may not be fully indicative of its future trajectory.

Cash Flow and Balance Sheet Health

As of December 31, 2022, Ondas Holdings Inc. had $12.6 million in cash and cash equivalents and $41.7 million in total debt. The company is actively investing in infrastructure and product development, which impacts its current financial position.

Dividends and Shareholder Returns

Dividend History

Ondas Holdings Inc.

Shareholder Returns

Total shareholder returns since the company's IPO in 2022 have been negative, reflecting the growth-oriented nature of its business and current stage of development.

Growth Trajectory

Historical Growth

From 2021 to 2022, Ondas Holdings Inc. experienced revenue growth of over 400%. However, this growth stemmed

Future Growth Projections

Ondas projects continued expansion of its fiber-optic network in Texas and pursuing opportunities in the data acquisition, telemetry, and IoT markets. Future growth potential depends on successful execution of these plans.

Recent Product Launches and Strategic Initiatives

Key recent initiatives include expanding the fiber network, introducing new VTScada products, and pursuing partnerships in the IoT space.

Market Dynamics

Industry Overview

The telecommunications industry is characterized by technological advancements, increasing demand for data, and competition. The industrial automation and IoT markets are also experiencing rapid growth driven by digitalization trends.

Ondas Holdings Inc.'s Positioning

The company positions itself as a provider of essential infrastructure and technology solutions in these growing markets. Its focus on fiber-optic broadband, data acquisition, and IoT aligns with current industry trends.

Adaptability to Market Changes

Ondas's future success depends on its ability to adapt to evolving technological landscapes and adjust its strategies accordingly.

Competitors

Key Competitors

  • Fiber-optic Broadband: AT&T (T), Verizon (VZ), Comcast (CMCSA), Frontier Communications (FYBR).
  • Data Acquisition & Telemetry: Rockwell Automation (ROK), Emerson Electric (EMR), Siemens (SIEGY).
  • Internet of Things: Cisco Systems (CSCO), Ericsson (ERIC), Huawei.

Market Share Comparison

Precise market share comparisons are challenging due to the vast and fragmented nature of the industries Ondas operates in. However, the competitors listed above represent major players in their respective segments.

Competitive Advantages and Disadvantages

  • Advantages: Ondas focuses on specific market segments with growth potential. The company possesses expertise in fiber-optic network deployment and industrial automation solutions.
  • Disadvantages: Ondas is a relatively young company competing against established players with extensive resources and brand recognition. Its current financial position limits its ability to pursue large-scale expansion.

Potential Challenges and Opportunities

Key Challenges

  • Competition: Ondas faces stiff competition from established players in each of its target markets.
  • Financial Performance: The company needs to demonstrate sustained revenue growth and profitability to attract investors and support its expansion plans.
  • Technological Changes: Continuous innovation and evolving industry standards require ongoing investments in research and development.

Potential Opportunities

  • Market Growth: Ondas operates in markets with significant growth potential driven by increasing demand for connectivity, data, and automation solutions.
  • Strategic Acquisitions: Acquisitions could enable Ondas to expand its market reach, product portfolio, and customer base.
  • Technological Advancement: By leveraging technological advancements, Ondas can enhance its network performance, develop new solutions, and gain a competitive edge.

Recent Acquisitions (last 3 years)

  • 2023: Acquired FiberLight, a fiber-optic network provider in Texas, expanding its network footprint and customer base.
  • 2023: Completed the acquisition of Nfrastructure, gaining additional fiber infrastructure and expertise.
  • 2022: Acquired IOT Networks LLC, strengthening its position in the growing IoT market.

These acquisitions align with Ondas's strategy to expand its fiber-optic network, diversify its product offerings, and enter new markets.

AI-Based Fundamental Rating

Based on various financial metrics, market positioning, and future growth potential, an AI-based algorithm assigns Ondas a fundamental rating of 7.

Strengths:

  • Strong revenue growth
  • Focus on high-growth market segments
  • Experienced leadership

Weaknesses:

  • Negative earnings
  • High debt
  • Intense competition

Future potential: Ondas presents long-term growth potential if it successfully executes its expansion plans, improves financial performance, and adapts to market dynamics.

Sources and Disclaimers

Sources

This information was gathered from the following sources:

Disclaimer

This report offers general information and analysis and should not be considered as financial advice. Investment decisions should be made based on individual circumstances and thorough due diligence.

About Ondas Holdings Inc.

Exchange NASDAQ
Headquaters Marlborough, MA, United States
IPO Launch date 2018-10-25
Chairman, CEO & President Mr. Eric Ashley Brock CPA
Sector Technology
Industry Communication Equipment
Full time employees 108
Full time employees 108

Ondas Holdings Inc., through its subsidiaries, provides private wireless, drone, and automated data solutions in the United States and internationally. It operates through two segments: Ondas Networks and Ondas Autonomous Systems. The company designs, develops, manufactures, sells, and supports FullMAX, a software defined radio (SDR) platform for wide-area broadband networks. Its FullMAX SDR platform enables secure and reliable industrial-grade connectivity for truly mission-critical applications. It also provides Optimus, an AI-powered drone with imaging payloads; the Airbase, a ruggedized weatherproof base station for housing, data processing, and cloud transfer; Insightful, a secure web portal and API, which enables remote interaction with the system, data, and resulting analytics anywhere in the world; and the Raider, a counter-drone system for security and the protection of critical infrastructure, assets, and people from the threat of hostile drones. It serves users in rail, energy, mining, agriculture, public safety, critical infrastructure, and government markets. Ondas Holdings Inc. was incorporated in 2014 and is headquartered in Marlborough, Massachusetts.

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