Ondas reports Q2 EPS (8c) vs. (14c) last year

Reports Q2 revenue $6.3M vs. $1M last year. “Ondas (ONDS) delivered a record quarter with $6.3 million in revenue, reflecting accelerating execution and global market adoption at Ondas Autonomous Systems,” said Eric Brock, CEO. “OAS is executing with discipline and scale as we continue to see robust international demand for our autonomous drone technologies across defense and homeland security markets. In the first half of 2025, we secured record orders and continued to convert our growing backlog into revenue, supported by urgent deployments and new contracts. In Q2, our team delivered key program milestones in Israel and the UAE and advanced new customer engagements across Europe, Asia, and the United States. In addition, we are making substantial progress on our strategic growth plan, as evidenced by our partnership and strategic investment in Rift Dynamics, which will broaden Ondas’ relationships in Europe, and provide American Robotics with a built-for-purpose attritable drone capability meeting “mass lethality” requirements for the U.S. defense market. National policy in the United States continues to evolve in favor of strengthening the domestic drone industry. During Q2, we saw a series of significant developments, from the Trump Administration’s executive orders, including the ‘Ensuring American Drone Dominance’ directive, to the bipartisan passage of the One Big Beautiful Act, which outlines major increases in federal funding for drone procurement and R&D. And just last week, the FAA issued a Notice of Proposed Rulemaking to advance regulations enabling beyond visual line of sight drone operations. These policy milestones reflect growing national urgency to build sovereign capabilities in autonomous aerial systems and reinforce the long-term demand drivers that support our strategic growth plan at OAS. At Ondas Networks, we continued to build commercial traction around our IEEE 802.16 standard as the foundation for next-generation rail communications in North America. In Q2, the Association of American Railroads formally selected our dot16 technology for the Next-Generation Head-of-Train/End-of-Train system, validating our long-term strategy. We are now working with multiple Class 1 railroads on field trials to expand dot16 applications beyond NGHE and into broader operational domains. With the successful A Block migration in Chicago, delivery of our new 220 MHz ACSES radios to Amtrak, and near-complete Metra system upgrades, momentum is building. The recent Cybersecurity and Infrastructure Security Agency advisory further underscores the urgent cybersecurity need to replace vulnerable legacy protocols, an area where dot16 is uniquely positioned to lead. Our priority is to translate this industry validation into commercial adoption and scale. Financially, we made significant progress. We ended Q2 with over $68 million in cash and, in July, retired the remaining balance of Ondas Holdings’ convertible notes, putting us on strong financial footing. With record customer activity, a growing backlog, and deepening visibility, we are building a highly scalable platform. We expect to exit 2025 with a record backlog and clear revenue visibility into 2026,” Brock concluded.