Filing Flows › Ondas (ONDS) › Q4 2024
Ondas (ONDS) Q4 2024 earnings results (fourth quarter 2024)
10-K filed Mar 12, 2025
Ondas (ONDS) reported revenue of $4.1M for the fourth quarter 2024 (Q4 2024), -17% from a year earlier and +179% from the quarter before. Operating margin was -206.3%, net loss $10.3M (250.3% of revenue).
Ondas, Q4 2024: revenue $4.1M (-17% year over year), operating margin -206.3%, net loss $10.3M, operating cash flow −$8.1M. The chart follows the revenue to costs, profit and cash.
| Q4 2024 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $4.1M | +179% | -17% |
| Operating profit | −$8.5M | — | — |
| Net earnings | −$10.3M | — | — |
| Operating cash flow | −$8.1M | — | — |
What changed
Revenue was $4.1M in Q4 2024, down 17% year over year and up 179% from the previous quarter. Product Revenue was the largest line at 63% of revenue.
Gross margin was 21.4%, down 13.4 points from a year earlier. Operating costs exceeded revenue by $8.5M, an operating margin of -206.3%. Operating expenses fell 35% while revenue fell 17%. The quarter ended with a net loss of $10.3M, wider than the previous quarter's $9.5M loss.
Operating cash flow was −$8.1M. Non-cash charges added back $1.2M of depreciation and amortization and $276K of share-based compensation. Working capital and other items added $715K. Capital expenditures of $30K exceeded it, leaving free cash flow of −$8.1M.
Questions
What was Ondas' revenue in the fourth quarter 2024?
Ondas (ONDS) reported revenue of $4.1M for the fourth quarter 2024 (Q4 2024), -17% from a year earlier and +179% from the quarter before.
Was Ondas profitable in the fourth quarter 2024?
Operating loss was $8.5M (-206.3% of revenue) and net loss $10.3M.
Source: Ondas 10-K on SEC EDGAR.