Release Date: November 12, 2024
For the complete transcript of the earnings call, please refer to the full earnings call transcript.
Q: Can you explain the potential for more volume orders for the Iron Drone platform following combat success? A: Meir Kliner, President of Ondas Autonomous Systems, mentioned that while specific details about operations in Israel can't be disclosed, they have been working with the Defense Forces for the past eight months. Eric Brock, CEO, added that they are in the process of delivering orders and integrating systems, expecting more orders in 2025 but can't provide precise timelines yet.
Q: Do you need additional certifications for the DFR (Drone First Responder) opportunity in the US? A: Eric Brock, CEO, stated that no additional certifications are needed beyond the existing regulatory processes. Meir Kliner added that after receiving the FAA type certificate, the regulatory process is quicker and easier for delivering first responder solutions.
Q: What gross margin can be expected on the $14 million orders? A: Meir Kliner, President of Ondas Autonomous Systems, indicated that the gross margin for these orders will be north of 50%.
Q: Can you provide an update on the Dubai opportunity and the shipment of systems? A: Meir Kliner confirmed that eight systems have been shipped to the customer in Dubai, with plans to have 22 systems deployed by the end of 2025.
Q: How does the recent US election impact the DFR opportunity and federal support for the domestic drone industry? A: Eric Brock noted that support for DFR and drone integration into security infrastructure is bipartisan. The current administration has shown particular support for the domestic drone sector, which is broadly shared across political lines.
For the complete transcript of the earnings call, please refer to the full earnings call transcript.
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