Thursday, November 13, 2025

ONDS UPDATE

Record quarterly revenue of $10.1 million in Q3; a more than 6-fold increase YoY and 60% growth QoQWith a pro-forma cash balance of $840.4 million, we believe Ondas has one of the strongest balance sheets in the industry

Ondas is effectively deploying capital through acquisitions and investments, highlighted by Sentrycs, Apeiro Motion, 4M Defense, and Rift Dynamics

2025 revenue target increased to at least $36 million; establishing a preliminary revenue target of at least $110 million for 2026

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