Ondas reports Q1 EPS (15c), consensus (9c)

Reports Q1 revenue $4.25M, consensus $4.94M. “Ondas (ONDS) 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.”