Ondas targets FY25 revenue of $25M, consensus $33.44M

The company said, “The Company expects to generate strong growth in 2025 with a revenue target of $25 million, which would be a record year and represent nearly 250% growth year over year from 2024. Growth will be led by our OAS business unit which we expect to generate at least $20 million in revenue as compared to our previous expectation of $15 – 18 million shared at the OAS Investor Day in September 2024. This outlook is supported by $10 million in backlog and what we believe is a conservative view of the likely orders we expect to secure and fulfill during the year. Revenue expectations for Ondas (ONDS) Networks currently are primarily related to existing and expected development programs and modest system sales due to the current lack of firm commitments on rail network buildout timelines. Bookings and revenue growth are expected to fluctuate from quarter-to-quarter given the variability around both expected orders associated with program expansion with existing customers, as well as the timing of the addition of new customers at OAS, and the timing of rail network buildouts for Ondas Networks.”