Over 80 Police Departments Now Conducting Live Operational Trials With Cytta COMMS 3.0 Streaming Software

Balance Sheet Strengthened with $99.6 Million in Gross Proceeds

Company Received Notice of Delisting Yesterday from Nasdaq without Traditionally Granted Grace Period as it Pursues Potential Appeal to Continue Trading on Nasdaq

Second quarter revenue grew 59% as the Company continues to scale operations

Recent capital raise and debt conversion represent meaningful inflection points, strengthening the Company's balance sheet and financial flexibility

Q2 2024 proforma revenue increased 24% YoY and expanded 22% QoQ to a quarterly record of $28.6 million, reflecting value of operating enhanced platform and success of growth initiatives

Q2 2024 proforma adjusted EBITDA loss improves significantly YoY and QoQ to $5.4 million, demonstrating benefits of growth strategies and cost reduction initiatives

$2.5 million sequential improvement in proforma adjusted EBITDA, supports efforts to reach profitability by the fourth quarter of 2024 as the Company expects further revenue growth, higher gross margin and additional operating cost reductions to benefit Q3 and Q4 results

Company Leaders Talk Podcast Community Engagement, Monetization & Video Strategies at Podcast Movement 2024

Strong Subscription-Based Revenue Growth and Third Sequential Positive Cash Flow Quarter

Ondas secures initial purchase orders for Iron Drone Raider from a global defense company and a major military customer

Major military customer places additional purchase order to expand the initial Iron Drone program, as announced earlier today

American Robotics secures key contract with United States Coast Guard for maritime emissions monitoring to support EPA Clean Ports initiatives

Iron Drone Raider is emerging as a best-in-class 'hard kill' counter drone solution addressing the urgent need for protection from hostile drones

Ondas Networks' distribution partner secures initial purchase order for deployment on 900 MHZ from transit operator in Southwest

Conference Call Scheduled for Today at 8:30 a.m. ET

Expansion of initial purchase order received from a government military customer reflects the urgent need for Ondas' innovative counter-drone system Iron Drone Raider system

Additional volume orders are expected in the second half of 2024 based upon combat success

AZT PROTECT adds Customers and Increased Reseller Partnerships to Accelerate Global Adoption

Fans have the chance to represent their favorite streamer in Flavor Wars and win a $10,000 cash prize

Business Transformation to AI-Native SaaS Model

Signed Multi-Year Agreement with Google Cloud

Total Revenue Increased 50.5% Sequentially;
GAAP Gross Margin Expanded to 55.5%, Non-GAAP to 68.8%

Business Transformation to AI-Native SaaS Model

Signed Multi-Year Agreement with Google Cloud

Up to $15 Million In Combined Multi-Year Contracts for Traffic Data and Air Quality Studies

New projects are expected to generate over $3 million of high margin revenue