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Ondas Holdings Inc. (NASDAQ:ONDS) announced the settlement of its December 31, 2024 Additional Notes, which are no longer outstanding as of May 29, 2025. The company reported that the total outstanding principal and accrued interest on its notes, net of unamortized debt discount and issuance costs, stands at approximately $12.3 million as of May 30, 2025. This debt management comes at a crucial time, as InvestingPro data shows the company’s total debt position at $42.59 million, with a concerning current ratio of 0.86 indicating potential liquidity challenges.
Previously, Ondas Holdings issued several series of 3% Senior Convertible Notes. These include the Exchange Notes, initially issued with an aggregate principal amount of $34.5 million, which have since been settled. Additionally, the company issued Series B-2 Senior Convertible Notes totaling $11.5 million in 2023, $4.1 million on December 3, 2024, and $11.5 million on December 17, 2024. The latest issuance was the December 31, 2024 Additional Notes, amounting to $18.9 million. Subscribers to InvestingPro can access detailed analysis of the company’s debt structure and 17 additional key insights about ONDS’s financial health.
The company’s common stock is traded under the symbol ONDS on the Nasdaq Stock Market, with a current market capitalization of $216.72 million. The stock has shown significant momentum, gaining 56% in the past week, though InvestingPro analysis suggests the stock is currently trading above its Fair Value. This information is based on a press release statement from the company’s recent SEC 8-K filing.
In other recent news, Ondas Holdings Inc. reported a significant 500% increase in revenue for the first quarter of 2025, reaching $4.2 million compared to the previous year. However, this figure fell short of the company’s revenue forecast of $5.06 million, and the actual earnings per share were not disclosed. Despite the revenue growth, the company continues to face financial challenges, including an operating loss of $10.3 million, though the adjusted EBITDA loss slightly improved to $7.5 million from the previous year. Ondas Holdings also received a notification from The Nasdaq Stock Market LLC regarding non-compliance with the minimum bid price requirement, as its stock has been trading below $1.00 for 30 consecutive business days. The company has until November 12, 2025, to regain compliance, with a possibility of an additional 180-day extension if certain conditions are met. Additionally, Ondas Holdings announced new strategic partnerships and operational advancements, which are expected to drive future growth. The company reaffirmed its 2025 revenue target of $25 million, with expectations for its OAS business unit to deliver at least $20 million in sales. Investors and market participants are closely monitoring Ondas Holdings’ efforts to address these challenges and capitalize on growth opportunities.
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