Ondas Holdings (XTAE:ONDS) Gross Margin % : -63.18% (As of Mar. 2024)

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What is Ondas Holdings Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Ondas Holdings's Gross Profit for the three months ended in Mar. 2024 was ₪-1.45 Mil. Ondas Holdings's Revenue for the three months ended in Mar. 2024 was ₪2.29 Mil. Therefore, Ondas Holdings's Gross Margin % for the quarter that ended in Mar. 2024 was -63.18%.

Warning Sign:

Ondas Holdings Inc gross margin has been in long-term decline. The average rate of decline per year is -12.3%.

The historical rank and industry rank for Ondas Holdings's Gross Margin % or its related term are showing as below:

XTAE:ONDS' s Gross Margin % Range Over the Past 10 Years
Min: -200 Med: 40.67 Max: 79.47
Current: 36.15

During the past 9 years, the highest Gross Margin % of Ondas Holdings was 79.47%. The lowest was -200.00%. And the median was 40.67%.

XTAE:ONDS's Gross Margin % is ranked better than
71.78% of 2438 companies
in the Hardware industry
Industry Median: 24.405 vs XTAE:ONDS: 36.15

Ondas Holdings had a gross margin of -63.18% for the quarter that ended in Mar. 2024 => No sustainable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Ondas Holdings was -12.30% per year.

Ondas Holdings Gross Margin % Historical Data

The historical data trend for Ondas Holdings's Gross Margin % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Ondas Holdings Gross Margin % Chart

Ondas Holdings Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Gross Margin %

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75.32

42.88

37.71

52.16

40.67

Ondas Holdings Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Gross Margin %	Get a 7-Day Free Trial															39.56	56.17	20.83	34.83	-63.18

Competitive Comparison of Ondas Holdings's Gross Margin %

For the Communication Equipment subindustry, Ondas Holdings's Gross Margin %, along with its competitors' market caps and Gross Margin % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Ondas Holdings's Gross Margin % Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Ondas Holdings's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Ondas Holdings's Gross Margin % falls into.

Ondas Holdings Gross Margin % Calculation

Gross Margin is the percentage of Gross Profit out of sales or Revenue.

Ondas Holdings's Gross Margin for the fiscal year that ended in Dec. 2023 is calculated as

Gross Margin % (A: Dec. 2023 )	=	Gross Profit (A: Dec. 2023 )	/	Revenue (A: Dec. 2023 )
	=	23.4	/	57.417
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(57.417 - 34.067)	/	57.417
	=	40.67 %

Ondas Holdings's Gross Margin for the quarter that ended in Mar. 2024 is calculated as

Gross Margin % (Q: Mar. 2024 )	=	Gross Profit (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	-1.4	/	2.287
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(2.287 - 3.732)	/	2.287
	=	-63.18 %

A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.

Ondas Holdings (XTAE:ONDS) Gross Margin % Explanation

Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.

Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %

1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key

Ondas Holdings had a gross margin of -63.18% for the quarter that ended in Mar. 2024 => No sustainable competitive advantage

Be Aware

If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.

Ondas Holdings Gross Margin % Related Terms

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Ondas Holdings (XTAE:ONDS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Ondas Holdings Inc (XTAE:ONDS) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

ONDS:USA 1B8:Germany

Address

411 Waverley Oaks Road, Suite 114, Waltham, MA, USA, 02452

Website

https://www.ondas.com

Ondas Holdings Inc designs, develops, manufactures, sells, and supports FullMAX Software Defined Radio (SDR) technology in the United States, Israel, and India. Its FullMAX system of wireless base stations, fixed and mobile remote radios are deployed by customers to create wide-area wireless broadband cellular networks. The company markets and sells its products to companies in the electric utilities, water and wastewater utilities, oil and gas producers, and for other critical infrastructure applications in areas such as homeland security and defense, and transportation.