Ondas Inc.
Balance Sheet
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Cash & Equivalents | $550.7M | $30.0M | $15.0M | $29.8M | $40.8M | $26.1M | $2.2M | $1.1M |
| Accounts Receivable | $22.4M | $5.2M | $3.4M | $104.3K | $1.2M | $47.6K | $20.2K | $30.4K |
| Inventory | $22.0M | $9.8M | $2.2M | $2.2M | $1.2M | $1.2M | $427.5K | $347.9K |
| Total Current Assets | $685.9M | $47.5M | $23.6M | $35.8M | $44.7M | $27.9M | $3.3M | $2.0M |
| Property, Plant & Equipment | $10.2M | $2.6M | $4.2M | $3.0M | $1.0M | $163.1K | $252.2K | $502.1K |
| Goodwill | $251.8M | $27.8M | $27.8M | $25.6M | $45.0M | — | — | — |
| Intangible Assets (Excl. Goodwill) | $136.9M | $27.2M | $31.3M | $28.9M | $25.2M | $379.5K | $126.3K | $53.3K |
| Total Assets | $1.13B | $109.6M | $92.2M | $97.9M | $117.4M | $28.5M | $4.3M | $2.7M |
| Liabilities | ||||||||
| Accounts Payable | $13.9M | $5.7M | $5.2M | $3.0M | $2.4M | $2.4M | $2.3M | $1.1M |
| Total Current Liabilities | $141.8M | $50.6M | $35.9M | $22.7M | $4.6M | $12.5M | $16.1M | $17.2M |
| Long-Term Debt | — | $300.0K | — | — | $300.0K | $907.0K | $500.0K | — |
| Total Liabilities | $661.2M | $73.7M | $47.1M | $39.7M | $5.2M | $13.4M | $16.7M | $17.5M |
| Stockholders' Equity | ||||||||
| Retained Earnings | $-368.4M | $-236.4M | $-198.4M | $-153.5M | $-80.3M | $-65.2M | $-51.8M | $-32.4M |
| Total Stockholders' Equity | $437.8M | $16.6M | $33.1M | $58.2M | $112.2M | $15.1M | $-12.4M | $-14.9M |