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Ondas Holdings
(NASDAQ:ONDS)
Ondas Holdings (ONDS) vs. SPDR S&P 500 ETF (SPY)
Ondas Holdings Business Overview & Revenue Model
Ondas Holdings Earnings Call Summary
Ondas Holdings Financial Statement Overview
| Breakdown | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 7.19M | 15.69M | 2.13M | 2.91M | 2.16M |
| Gross Profit | 345.18K | 6.38M | 1.11M | 1.10M | 927.67K |
| EBITDA | -28.72M | -34.64M | -64.63M | -15.55M | -11.14M |
| Net Income | -38.01M | -44.84M | -92.66M | -15.02M | -15.43M |
Balance Sheet | |||||
| Total Assets | 109.62M | 92.16M | 97.95M | 117.44M | 28.51M |
| Cash, Cash Equivalents and Short-Term Investments | 29.96M | 14.98M | 29.78M | 40.82M | 26.06M |
| Total Debt | 60.31M | 35.29M | 33.39M | 1.09M | 8.03M |
| Total Liabilities | 71.51M | 47.11M | 39.72M | 5.21M | 13.43M |
| Stockholders Equity | 16.58M | 33.14M | 58.22M | 112.23M | 15.08M |
Cash Flow | |||||
| Free Cash Flow | -35.20M | -34.30M | -40.89M | -17.92M | -7.57M |
| Operating Cash Flow | -33.47M | -34.02M | -37.96M | -16.90M | -7.53M |
| Investing Cash Flow | -1.73M | 536.27K | -6.93M | -10.21M | -16.14K |
| Financing Cash Flow | 50.18M | 18.73M | 33.86M | 41.86M | 31.46M |
Ondas Holdings Technical Analysis
Ondas Holdings Risk Analysis
Ondas Holdings Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
66 Neutral | $372.24M | ― | -157.00% | ― | -21.17% | 23.22% | |
66 Neutral | $124.45M | ― | -10.88% | ― | -2.06% | -22.58% | |
57 Neutral | $59.44M | ― | -25.57% | ― | 8.46% | 39.81% | |
52 Neutral | $103.49M | ― | -6.78% | ― | -14.38% | 49.11% | |
51 Neutral | AU$1.67B | 2.26 | -31.66% | 3.53% | 16.55% | -7.79% | |
49 Neutral | $110.46M | 21.79 | 111.75% | ― | 1.60% | ― |
Ondas Holdings Corporate Events
As of July 18, 2025, Ondas Holdings Inc. announced the full retirement of its outstanding convertible notes, including those issued in 2023 and 2024, thereby simplifying its balance sheet and enhancing its financial position. This move reflects Ondas’ strong financial health and confidence in its long-term growth, supported by over $67 million in cash and cash equivalents, positioning the company to pursue its strategic growth plans.
The most recent analyst rating on (ONDS) stock is a Buy with a $1.50 price target. To see the full list of analyst forecasts on Ondas Holdings stock, see the ONDS Stock Forecast page.
On July 9, 2025, Ondas Holdings Inc. released a slide presentation for its Investor Day, highlighting significant growth and financial improvements. The company expects a six-fold increase in Q2 2025 revenue compared to the previous year and projects $25 million in total revenue for 2025. With a fortified capital position and strategic M&A initiatives, Ondas is poised for expansion in defense and security markets, leveraging its autonomous drone platforms to meet growing global demand.
The most recent analyst rating on (ONDS) stock is a Buy with a $1.50 price target. To see the full list of analyst forecasts on Ondas Holdings stock, see the ONDS Stock Forecast page.
Ondas Holdings Inc. announced its strategic focus on transitioning from technology development to service delivery at scale in the defense and security industry. The company aims to leverage its advanced platforms, such as the Optimus System and Iron Drone Raider, to meet the demands of national security customers by building scalable operations and forming strategic partnerships. Ondas is investing in regional manufacturing and expanding its global partner network to enhance operational efficiency and support growth, positioning itself as a key player in the industry’s future consolidation and industrialization efforts.
The most recent analyst rating on (ONDS) stock is a Buy with a $1.50 price target. To see the full list of analyst forecasts on Ondas Holdings stock, see the ONDS Stock Forecast page.
On July 7, 2025, Ondas Holdings Inc. announced a strategic partnership with Klear, Inc., a financial technology company. This partnership aims to provide non-dilutive working capital solutions to companies within Ondas’ platform, particularly those in the defense and security sectors. The collaboration is designed to enhance financial sustainability and support Ondas’ strategic growth through acquisitions. By leveraging Klear’s financial tools, Ondas seeks to improve liquidity access for innovation-focused companies, thereby strengthening their resilience and growth potential without relying on equity issuance.
The most recent analyst rating on (ONDS) stock is a Buy with a $1.50 price target. To see the full list of analyst forecasts on Ondas Holdings stock, see the ONDS Stock Forecast page.
On July 3, 2025, Ondas Networks Inc. amended the maturity date of several convertible notes to December 31, 2025. These notes, purchased by Charles & Potomac Capital, LLC and a private investor group between July 2024 and January 2025, total over $7 million and are part of strategic financial arrangements impacting Ondas Networks’ operations and financial positioning.
The most recent analyst rating on (ONDS) stock is a Buy with a $1.50 price target. To see the full list of analyst forecasts on Ondas Holdings stock, see the ONDS Stock Forecast page.
Ondas Holdings Inc. announced that as of June 25, 2025, the 2023 Additional Notes have been settled, leaving only the December 17, 2024 Additional Notes outstanding. These remaining notes have a total outstanding principal and accrued interest of approximately $5.4 million, a fixed conversion price of $0.88, and a maturity date of December 17, 2026. The company had previously issued various Senior Convertible Notes, including the Exchange Notes and other series, which have been settled and are no longer outstanding.
The most recent analyst rating on (ONDS) stock is a Buy with a $1.50 price target. To see the full list of analyst forecasts on Ondas Holdings stock, see the ONDS Stock Forecast page.
Ondas Holdings Inc. announced the appointment of Neil Laird as Chief Financial Officer, Treasurer, and Secretary, effective June 22, 2025. Previously serving as interim CFO since June 21, 2024, Mr. Laird’s position was made permanent on June 20, 2025. The company also finalized an employment agreement with Mr. Laird, which includes a base salary of $300,000, a one-time bonus, and stock options. The agreement outlines compensation terms in case of termination or change in control, emphasizing the company’s commitment to retaining key leadership.
The most recent analyst rating on (ONDS) stock is a Buy with a $1.50 price target. To see the full list of analyst forecasts on Ondas Holdings stock, see the ONDS Stock Forecast page.
On June 25, 2025, Ondas Holdings announced that its American Robotics subsidiary entered into a strategic partnership with Detroit Manufacturing Systems to enhance U.S.-based manufacturing and supply chain operations for its autonomous drone platforms. This partnership aims to scale production capacity and deliver NDAA-compliant, Made in America drone systems to meet increasing demand in U.S. defense, homeland security, and critical infrastructure sectors, potentially accelerating delivery timelines, securing domestic supply chain resilience, and opening opportunities for significant U.S. federal contracts.
The most recent analyst rating on (ONDS) stock is a Buy with a $1.50 price target. To see the full list of analyst forecasts on Ondas Holdings stock, see the ONDS Stock Forecast page.
On June 24, 2025, Ondas Holdings announced a strategic partnership between its subsidiary, American Robotics, and Mistral Inc., a Maryland-based defense contracting firm. This collaboration aims to accelerate the deployment of Ondas’ autonomous drone technologies in U.S. defense and homeland security sectors. The partnership leverages Mistral’s extensive experience in federal sales and government contracting to facilitate the adoption of Ondas’ drone platforms. The strategic alliance is expected to enhance national security by providing rapid aerial security capabilities and strengthen Ondas’ market position as a leader in AI-based airspace security.
The most recent analyst rating on (ONDS) stock is a Buy with a $1.50 price target. To see the full list of analyst forecasts on Ondas Holdings stock, see the ONDS Stock Forecast page.
On June 20, 2025, Ondas Holdings announced it will host a virtual Investor Day on July 9, 2025, focusing on its Ondas Autonomous Systems (OAS) business unit. The event will feature presentations from senior leadership on OAS’s market opportunities, strategic priorities, and product roadmap, including the Optimus System and Iron Drone Raider. With an order backlog of $28.7 million, OAS is positioned for at least $20 million in expected 2025 revenues. The session will also provide insights into Ondas’ strategic growth roadmap, resource allocation, and team alignment for long-term expansion.
The most recent analyst rating on (ONDS) stock is a Buy with a $1.50 price target. To see the full list of analyst forecasts on Ondas Holdings stock, see the ONDS Stock Forecast page.
On June 11, 2025, Ondas Holdings Inc. announced it had regained compliance with Nasdaq’s minimum bid price requirement, following a previous notification on May 16, 2025, about non-compliance. The company’s stock maintained a minimum closing bid price of $1.00 or more for 10 consecutive business days, resolving the issue and ensuring continued listing on the Nasdaq Capital Market.
The most recent analyst rating on (ONDS) stock is a Buy with a $1.50 price target. To see the full list of analyst forecasts on Ondas Holdings stock, see the ONDS Stock Forecast page.
On June 9, 2025, Ondas Holdings Inc. entered into an underwriting agreement with Oppenheimer & Co. Inc. for a public offering of 22,400,000 shares of common stock and pre-funded warrants to purchase up to 9,600,000 shares. The offering closed on June 11, 2025, with net proceeds of approximately $42.8 million intended for general corporate purposes, including capital expenditures and working capital.
The most recent analyst rating on (ONDS) stock is a Buy with a $1.50 price target. To see the full list of analyst forecasts on Ondas Holdings stock, see the ONDS Stock Forecast page.
Ondas Holdings Inc. announced strategic advancements in its operations as of June 2025, including new military contracts and leadership appointments. The company is enhancing its market position through acquisitions and partnerships, such as with Palantir, and is poised to benefit from policy changes favoring the U.S. drone industry. The announcement highlights Ondas’ growing demand and operational capabilities, with significant military orders and a robust pipeline indicating strong future growth potential.
The most recent analyst rating on (ONDS) stock is a Buy with a $1.50 price target. To see the full list of analyst forecasts on Ondas Holdings stock, see the ONDS Stock Forecast page.
On June 9, 2025, Ondas Holdings Inc. announced that its subsidiary, Airobotics Ltd., received a $14.3 million purchase order from a major defense customer for its Optimus System, an advanced autonomous drone platform. This order, the largest to date for the Optimus System, significantly increases Ondas’ backlog to $28.7 million and marks a strategic milestone in expanding its presence in global defense and security markets. The deal underscores the Optimus System’s competitive strengths and operational maturity, reinforcing Ondas’ position as a trusted provider of sophisticated autonomous platforms for military applications.
The most recent analyst rating on (ONDS) stock is a Buy with a $1.50 price target. To see the full list of analyst forecasts on Ondas Holdings stock, see the ONDS Stock Forecast page.
Ondas Holdings Inc. announced that as of May 29, 2025, the December 31, 2024 Additional Notes have been settled and are no longer outstanding. The company has approximately $12.3 million in outstanding principal and accrued interest on the Notes, net of unamortized debt discount and issuance costs, as of May 30, 2025. This settlement marks a significant step in managing the company’s financial obligations and could positively impact its financial stability and market perception.
The most recent analyst rating on (ONDS) stock is a Buy with a $1.50 price target. To see the full list of analyst forecasts on Ondas Holdings stock, see the ONDS Stock Forecast page.
Ondas Holdings Inc. has received a notification from Nasdaq due to its common stock price falling below the $1.00 per share minimum requirement for 30 consecutive business days. The company has until November 12, 2025, to regain compliance, with options such as a reverse stock split being considered to resolve the deficiency. Failure to comply may result in delisting, though an additional compliance period may be available.
The most recent analyst rating on (ONDS) stock is a Buy with a $1.50 price target. To see the full list of analyst forecasts on Ondas Holdings stock, see the ONDS Stock Forecast page.
At the 2025 Annual Meeting of Stockholders held on May 12, 2025, Ondas Holdings Inc. announced the approval of an amendment to its 2021 Stock Incentive Plan, increasing the number of authorized shares from 11 million to 26 million. The Board of Directors had adopted this amendment on April 10, 2025, pending stockholder approval. Additionally, the meeting included the election of six directors, ratification of the company’s independent accountants, advisory approval of executive compensation, and an amendment to increase the authorized shares of common stock from 300 million to 400 million.
The most recent analyst rating on (ONDS) stock is a Buy with a $1.50 price target. To see the full list of analyst forecasts on Ondas Holdings stock, see the ONDS Stock Forecast page.