Business
Ondas Holdings Reports First Quarter 2025 Financial Results-On Track for Record Year
Q1 Revenue of $4.2 Million Driven by OAS Growth and Global Demand for Autonomous Drone SystemsOver 500% Year-over-Year Revenue Growth Reflects Execution on
About this update from Ondas Inc
[{"type":"text","content":"Q1 Revenue of $4.2 Million Driven by OAS Growth and Global Demand for Autonomous Drone SystemsOver 500% Year-over-Year Revenue Growth Reflects Execution on Backlog that has Increased to $16.8 M Driven by Strong Order Momentum; Reaffirms Outlook for at least $25 Million in Revenue for 2025Ended First Quarter with Over $25 Million of Cash to Support Growth PlanNew Orders Across Europe, the Middle East and the United States Position OAS for Global Expansion in 2025dot16 Wireless Platform Gains Traction with AAR Selection for NGHE Rail Communications Upgrade; Ondas Networks Now Positioned to Convert this Market Validation into Commercial AdoptionConference Call Scheduled for Today at 8:30 a.m. ET BOSTON, MA / ACCESS Newswire / May 15, 2025 / Ondas Holdings Inc. (NASDAQ:ONDS) (\"Ondas\" or the \"Company\"), a leading provider of private industrial wireless networks and commercial drone and automated data solutions through its Ondas Networks and Ondas Autonomous Systems (OAS) business units, reported financial and operating results for the first quarter ended March 31, 2025. In addition, the Company announced that Joe Popolo will be stepping down from his role as a director in connection with his public service commitments as the nominee to be the U.S. Ambassador to the Kingdom of The Netherlands.\"Ondas is entering 2025 with strong momentum, led by the outstanding performance of our Ondas Autonomous Systems business unit,\" said Eric Brock, Chairman and CEO of Ondas Holdings. \"OAS is executing effectively on existing programs while expanding its reach with new defense and homeland security customers in Europe and other regions. We ended Q1 with over $25 million in cash and are actively fulfilling our $10 million backlog from 2024. In addition, we are seeing strong demand growth, with $9.3 million in new OAS orders, and we believe visibility on a robust pipeline that now totals $16.8 million positions us to meet or exceed our $25 million revenue goal for the year. These early results justify our investments in scaling our operating platform and reaffirm our confidence in the long-term growth trajectory of our business outlook.\"\"Our team at OAS is advancing key programs in Israel and the UAE with successful deployments of our Iron Drone Raider and Optimus platforms that are now opening new markets in Europe and other regions. These ...