Ondas Inc.
For the period ended Mar 31, 2026. Filed May 15, 2026.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2026 · Filed May 15, 2026
ONDS$5.57-6.7%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Condensed Consolidated Statements of Operations
(in thousands, except per share amounts)
| Three Months Ended, | ||
|---|---|---|
| March 31, 2026 | March 31, 2025 | |
| Revenues, net | $50,122 | $4,248 |
| Cost of goods sold | 25,464 | 2,760 |
| Gross profit | 24,658 | 1,488 |
| Operating expenses: | ||
| General and administrative | 43,316 | 5,909 |
| Sales and marketing | 10,494 | 2,430 |
| Research and development | 13,519 | 3,459 |
| Total operating expenses | 67,329 | 11,798 |
| Operating loss | (42,671) | (10,310) |
| Other income (expense), net | ||
| Other income (expense), net | 136 | (1) |
| Change in fair value of warrant liability | 389,548 | - |
| Gain on deconsolidation of subsidiary | 51,453 | - |
| Loss on acquisition of variable interest entity | (46,150) | - |
| Change in fair value of government grant liability | (104) | (124) |
| Interest and dividend income | 12,136 | 201 |
| Unrealized loss on investments | (2,617) | - |
| Interest expense | (338) | (3,868) |
| Foreign exchange gain (loss), net | 102 | (34) |
| Total other income (expense), net | 404,166 | (3,826) |
| Income (loss) before provision for income taxes | 361,495 | (14,136) |
| Provision for income taxes | 245 | - |
| Net income (loss) | 361,250 | (14,136) |
| Less preferred dividends attributable to noncontrolling interest | - | 390 |
| Less deemed dividends attributable to accretion of redemption value | 1,289 | 817 |
| Net loss attributable to noncontrolling interests | (1,698) | - |
| Net income (loss) attributable to Ondas Inc. stockholders | $361,659 | $(15,343) |
| Net income (loss) per share – basic | $0.58 | $(0.15) |
| Net income (loss) per share – diluted | $0.56 | $(0.15) |
| Weighted average number of common shares outstanding, basic and diluted | ||
| Basic | 445,089 | 105,005 |
| Diluted | 461,706 | 105,005 |
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