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The use of the words we, our, the Company, and Ondas in this Form 10-K refers to Ondas Inc. and its subsidiaries. Corporate Overview Ondas, Inc. (together with its subsidiaries, the Company, Ondas, we, us, or our ) is a defense, security, and critical infrastructure technology company organized around three business units: Ondas Autonomous Systems Inc. ( OAS ), Ondas Networks Inc. ( Ondas Netwo…
$11.61
$1.97 (-14.51%)
Price from 2 days ago
The business is unprofitable at the operating level (-115.09% margin). The thesis depends entirely on whether and when it reaches sustainable profitability.
Revenue up 605.3% YoY with margins expanding 366.1pp.
At 129x earnings, the current multiple leaves limited room for execution misses or growth deceleration. Negative free cash flow of -$41M. The business is consuming cash, not generating it.
129.0x earnings. The market is pricing in years of above-average growth. If that thesis breaks, downside from multiple compression alone could be 30%+. This is a stock where you're paying for the future, not the present.
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (TTM)
$97M
▲ +605.3% YoY
Net Income (TTM)
$245M
▼ -247.9% YoY
Op. Margin
-93.93%
▲ +366.1pp YoY
ROIC
-13.41%
▲ +62.8pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
-$87M
▼ -16.2% YoY
Op. Cash Flow (TTM)
-$83M
▼ -15.8% YoY
Net Debt
-$1.46B
Net Cash Position
Cash & Equiv.
$1.47B
5Y CAGR: +87.9%
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