Q3 2025 Ondas Holdings Inc Earnings Call Transcript
Key Points
- Ondas Holdings Inc (ONDS) reported a record third quarter with $10.1 million in revenue, marking a more than sixfold increase year-over-year.
- The company's consolidated backlog grew to $23.3 million, with expectations to exceed $40 million by the end of 2025 due to acquisitions.
- Ondas Holdings Inc (ONDS) raised approximately $855 million in equity in 2025, significantly strengthening its balance sheet.
- The company is expanding its market presence with strategic acquisitions, including Sentrycs, which enhances its counter-UAS capabilities.
- Ondas Holdings Inc (ONDS) is targeting at least $110 million in revenue for 2026, indicating strong growth expectations.
- Operating expenses increased significantly to $18.1 million in Q3 2025, up from $8.7 million in Q3 2024, primarily due to higher personnel costs.
- The company reported an adjusted EBITDA loss of $8.8 million for the current quarter, reflecting ongoing financial challenges.
- Ondas Networks faces uncertainty in the timeline for large network deployments, particularly concerning the 900-megahertz network.
- Despite strong revenue growth, the company is still in the early stages of platform adoption, which may lead to volatility in financial performance.
- The integration of recent acquisitions and the scaling of operations may pose challenges and require significant management focus.
Good day, and welcome to the Ondas Holdings, Inc. third-quarter 2025 conference call. (Operator Instructions) Before we begin, the company would like to remind you that this call may contain forward-looking statements. While these forward-looking statements reflect Ondas' best current judgment, they are subject to risks and uncertainties that could cause actual results to differ materially from those implied by these forward-looking statements.
These risk factors are discussed in Ondas' periodic SEC filings and in the earnings press release issued today, which are both available on the company's website. Ondas undertakes no obligation to revise or update any forward-looking statements to reflect future events or circumstances, except as required by law.
During this call, Ondas will refer to certain non-GAAP financial measures. These non-GAAP measures are not prepared in accordance with generally accepted accounting principles. A reconciliation of the non-GAAP financial measures to the most directly comparable GAAP measures is shown in our press release issued earlier today, which is
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