Leader In Two Secular Growth Markets, Industrial IoT and Drones
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Company Overview
Ondas Holdings ONDS 0.00%↑ is a leading provider of mission critical private wireless connectivity and commercial drone solutions through its wholly owned subsidiaries Ondas Networks and Ondas Autonomous. Ondas Networks (~43% of 2023 sales) designs, develops and manufactures FullMAX, their patented, Software Defined Radio (SDR) platform for a wide range of mission critical IoT applications, which require secure, real-time connectivity with the ability to process large amounts of data at the edge of large industrial networks. FullMAX is addressing a growing number of mission critical applications that require more processing power in many critical infrastructure markets, such as rail, electric grids, drones, oil and gas, and public safety, homeland security and government. The Ondas Autonomous System segment (~57% of 2023 sales) designs, develops, and markets automated, AI-powered commercial drone solutions and counter-drone systems. Their FAA type certified commercial drone solution, Optimus System, provides aerial data to enterprise and government customers. Primary use cases include public safety, security and smart city deployments where automated emergency response, mapping, surveying, and inspection services are highly valued, in addition to industrial aerial data services in a growing number of commercial sectors. Their commercial drone platforms are typically provided to customers under a Data-as-a-Service (DaaS) business model, while some customers will choose to purchase an entire solution. Their counter-drone systems are utilized by government and enterprise customers to protect critical assets and people from the threat of hostile drones. Ondas Holdings is traded on the NYSE under the ticker ONDS, and is headquartered in Waltham, Massachusetts.
Below we present our updated core investment thesis on Ondas Holdings profitability outlook. We include access to our downloadable 5-year financial model and our latest price target assessment.