ONDSOndas Inc.
Radio & Tv Broadcasting & Communications Equipment
- Revenue
- $51M
- 605% YoY
- Operating margin
- -115.1%
- 76% YoY
- EBITDA
- −$57M
- 69% YoY
- Market cap
- —
- Employees
- —
- Net debt / EBITDA
- —
- −$656M net debt
- AI in 10-K
- —
Red flags 1 of 9
- TSR below peersClear—3+ of last 5 years
- High CEO pay despite TSRClear—Median CEO pay ≥ $15M and TSR flag
- Active 13DClear0 filingsActive-intent 13D in 18 months
- Net insider sellingClear$0 netNet sales over $10M in 12 months
- Earnings not backed by cashClear—Cash flow under 80% of net income
- Dilutive SBCFired32% of revenueOver 10% of revenue
- Payouts exceed cash flowClear0% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyClear22% of assetsOver 40% of assets
- Shareholder dissentClear—Any vote under 80% support
Financials
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | YoY |
|---|---|---|---|---|---|---|
| Revenue | $3M | $2M | $16M | $7M | $51M | 605% |
| Operating income | −$18M | −$69M | −$40M | −$35M | −$58M | 69% |
| Net income | −$15M | −$73M | −$45M | −$38M | −$133M | 251% |
| Operating cash flow | −$17M | −$38M | −$34M | −$33M | −$39M | 16% |
| Capex | $924K | $3M | $211K | $2M | $2M | 24% |
| Stock-based comp | $3M | $6M | $1M | $1M | $16M | 1166% |
Deal filings
None.
13D filers
None on file.
Insider trading
- Open-market buys, 12 mo
- $0 · 0
- Open-market sells, 12 mo
- $38K · 1
- Net
- −$38K
Pay vs performance
| Year | CEO total comp | Comp actually paid | TSR (indexed) | Peer TSR |
|---|---|---|---|---|
| FY2025 | $426K | $426K | 614 | — |
| FY2024 | $219K | $219K | 175 | — |
| FY2023 | $222K | $222K | 96 | — |