Ondas Earnings Call Transcripts
Fiscal Year 2026
-
The acquisition of DZYNE Technologies for $875 million creates a leading autonomous defense platform with expanded technology, customer reach, and manufacturing scale. The deal is highly accretive, with DZYNE expected to drive over $300 million in revenue by 2027 and accelerate integration and operational efficiency through Palantir partnerships.
-
Q1 2026 revenue surged tenfold year-over-year to $50.1 million, with strong growth across all segments and a raised 2026 revenue outlook to at least $390 million. Strategic acquisitions, a robust backlog, and a strong balance sheet position the company for continued global expansion and profitability.
-
Revised summary: Ondas achieved record revenue and backlog in 2025 by integrating acquisitions into a scalable autonomous systems platform. For 2026, guidance targets $170–$180M revenue and $300M bookings, driven by demand for counter-UAS, UAS, and UGV. The company aims for $1.5B+ revenue and $15B+ market cap by 2030 through strategic growth.
Fiscal Year 2025
-
Delivered 605% revenue growth in 2025 and raised 2026 revenue outlook to at least $375 million, driven by five strategic acquisitions and strong demand in defense and ISR markets. Integration of new businesses and partnerships, especially with Palantir, are expected to accelerate growth and profitability.
-
Q3 revenue surged over 580% year-over-year to $10.1 million, driven by OAS and strategic acquisitions. Backlog and cash position reached record highs, with 2025 revenue guidance raised to $36 million and 2026 to $110 million. OAS and counter-UAS markets are fueling growth.
-
Record Q2 revenue and backlog growth were driven by strong OAS performance and major defense orders. The company reaffirmed its 2025 revenue target, strengthened its balance sheet, and is executing strategic partnerships and acquisitions to accelerate growth into 2026.
-
OAS is executing a high-growth strategy with validated autonomous drone platforms, strong financial momentum, and a robust M&A pipeline. Revenue is set to double in 2026, with a long-term goal of $300 million+ by 2030 and 30% EBITDA margins. The company is positioned as a consolidator in a rapidly expanding global defense and security market.
-
Q1 2025 revenue surged over 500% year-over-year to $4.2 million, led by OAS, with a growing $16.8 million backlog and reaffirmed 2025 revenue guidance of at least $25 million. Key wins include new defense customers, major rail industry milestones, and reduced convertible debt.
-
Ondas presented its dual business units, highlighting rapid adoption and strong demand for its proprietary drone and wireless platforms. Major military contracts, a partnership with Palantir, and regulatory tailwinds are driving multi-year growth, with record revenues expected in 2025.
Fiscal Year 2024
-
2024 saw major defense wins, a $10M backlog, and $35M in new capital, setting up for record 2025 revenue of $25M, led by OAS. Gross margins are expected to recover, with growth driven by defense, public safety, and rail markets, and enhanced by a new Palantir AI partnership.
-
Record Q3 bookings of $14.4M driven by military orders for Iron Drone and Optimus platforms, with significant expansion into global defense and public safety markets. Revenue and gross margin declined year-over-year, but strong growth is expected in Q4 and 2025 as backlog is fulfilled and new orders are secured.
-
Dual-use autonomous drone platforms are driving rapid growth in defense and critical infrastructure markets, with $9M in recent military orders and a $365M pipeline. Conservative financial guidance targets $35M+ revenue in 2026 and $125M by 2029, supported by proven deployments and unique regulatory approvals.
-
Q2 2024 saw sharply lower revenue due to deployment delays and supply chain disruptions, but key technical milestones were achieved, including initial military orders for Iron Drone and a U.S. Coast Guard contract. A strong revenue recovery is expected in H2 2024, driven by defense and public safety demand.