Additional volume orders are expected in the second half of 2024 based upon combat success in operational conditions
The Iron Drone Raider system is a unique, innovative counter-drone system using an autonomous AI-guided interception drone launched from a designated docking station
This direct purchase from a government military customer positions Ondas as a prime defense contractor and Iron Drone as a new, potentially leading solution, for the $1.6 billion counter-drone market
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Preliminary Q2 revenue estimated to exceed $27 million
Management reaffirms 2024 annual guidance, and expects proforma revenue of over $100 million and annual gross margin of 22.5% to 27.5%
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Financing Follows Non-Core Asset Sales that Raised over $36 Million of Non-Dilutive Capital
GameSquare Intends to Repay Outstanding Senior Secured Note with Unsecured Proceeds
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