Significant Revenue Growth
Revenues increased over 500% to $4.2 million in Q1 2025 from $0.6 million in Q1 2024, driven primarily by OAS with a 600% increase in revenue.
New Orders and Expanding Backlog
Ondas secured more than $9 million of additional orders year-to-date, further growing the backlog to $16.8 million.
Iron Drone and Optimus Expansion
Ondas announced a new $1.7 million order for Iron Drone and expects further growth and deployments in various global regions, especially for defense and homeland security.
Debt Reduction
Outstanding convertible debt was reduced from $44.6 million to $20.6 million through conversions to equity.
Strategic Partnerships
Formed partnerships with Palantir Technologies and Volatus Aerospace to enhance product capabilities and market reach.
IEEE Ratification and AAR Selection
802.16t standard was ratified by IEEE and Ondas Networks' dot16 was selected as the protocol for the NGHE system.