Ondas Inc.
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $50.7M | $7.2M | $15.7M | $2.1M | $2.9M | $2.2M | $320.4K | $190.0K |
| Cost of Revenue | $30.6M | $6.8M | $9.3M | $1.0M | $1.8M | $1.2M | $79.1K | $39.4K |
| Gross Profit | $20.2M | $345.0K | $6.4M | $1.1M | $1.1M | $927.7K | $241.3K | $150.7K |
| Gross Margin | 39.7% | 4.8% | 40.7% | 52.2% | 37.7% | 42.9% | 75.3% | 79.3% |
| Operating Expenses | ||||||||
| Research & Development | $20.9M | $12.5M | $17.1M | $24.0M | $5.8M | $3.6M | $5.4M | $3.1M |
| SG&A Expense | $44.5M | $17.1M | $21.6M | $23.6M | $11.8M | $7.6M | $4.8M | $2.6M |
| Operating Income | $-58.4M | $-34.6M | $-39.7M | $-69.4M | $-18.0M | $-11.5M | $-15.4M | $-8.4M |
| Operating Margin | -115.1% | -481.1% | -253.2% | -3,266.0% | -618.3% | -532.6% | -4,798.0% | -4,439.1% |
| Interest Expense | — | $933.0K | $4.2M | $3.8M | $575.7K | $1.9M | $2.9M | $2.7M |
| Pretax Income | $-132.9M | $-38.0M | $-44.8M | $-73.2M | $-17.9M | $-13.5M | $-19.4M | $-12.1M |
| Income Tax Expense | $488.0K | — | — | — | $-2.9M | — | — | — |
| Net Income | $-132.2M | $-38.0M | $-44.8M | $-73.2M | $-15.0M | $-13.5M | $-19.4M | $-12.1M |
| Net Margin | -260.7% | -528.4% | -285.8% | -3,445.3% | -516.9% | -622.9% | -6,052.2% | -6,365.8% |
| EPS (Basic) | $-0.62 | $-0.61 | $-0.88 | $-1.73 | $-0.44 | $-0.66 | $-1.10 | $-0.42 |
| EPS (Diluted) | $-0.62 | $-0.61 | $-0.88 | $-1.73 | $-0.44 | $-0.66 | $-1.10 | $-0.42 |
| Shares Outstanding (Basic) | 221.8K | 69.9M | 52.7M | 42.2M | 34.2M | 26.5M | 19.8M | 50.5M |
| Shares Outstanding (Diluted) | 221.8K | 69.9M | 52.7M | 42.2M | 34.2M | 26.5M | 19.8M | 50.5M |
| Dividends Per Share | — | — | — | — | — | — | — | — |