Ondas reports preliminary Q2 revenue $6M vs. $1M last year

Ondas (ONDS) Holdings will host a virtual Investor Day, Wednesday, July 9, 2025, at 1:00 p.m. Eastern Time. The Company is also announcing preliminary financial results for the quarter ended June 30, 2025. Today’s Investor Day will focus on the Company’s Ondas Autonomous Systems business unit and will include an in-depth investor presentation covering OAS’ updated business plan and growth strategies.On a preliminary basis, Ondas expects to report approximately $6M of revenue for the quarter ended June 30, 2025. This represents a more than 6-fold increase as compared to approximately $1M of revenue generated for the quarter ended June 30, 2024. In addition, Ondas reported an estimated backlog of $22.8M as of June 30, 2025, adjusted for the expected revenue recognition during the quarter ended June 30, 2025. The Company held cash and cash equivalents of over $67M as of June 30, 2025, as compared to approximately $30M as of December 31, 2024. As of June 30, 2025, the Company had $5.4M of outstanding convertible notes, as compared to $46.2M as of December 31, 2024.