Ondas Holdings Inc
F:1B8
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Ondas Holdings Inc
F:1B8
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US |
Ondas Holdings Inc
Ondas Holdings is a parent company built around two technology businesses: private wireless networks and autonomous drone systems. Through its subsidiaries, it sells communications hardware and software that help railroads, utilities, industrial operators, and public safety agencies connect remote equipment and move data reliably, especially where normal cellular service is weak or unavailable. The company also develops and sells drone platforms used for inspection, monitoring, and security work. Its customers include enterprises and government users that need to watch large areas, inspect infrastructure, or collect information without putting people in risky places. Ondas usually makes money by selling equipment, software, and related services to these customers and, in some cases, by supporting deployments over time. What makes Ondas different is that it sits in the middle of two specialized markets where reliability and control matter more than consumer scale. Its wireless business is aimed at private industrial networks, while its drone business is focused on autonomous systems for practical field use. That mix gives the company exposure to infrastructure and security spending rather than ordinary consumer tech demand.
Ondas Holdings is a parent company built around two technology businesses: private wireless networks and autonomous drone systems. Through its subsidiaries, it sells communications hardware and software that help railroads, utilities, industrial operators, and public safety agencies connect remote equipment and move data reliably, especially where normal cellular service is weak or unavailable.
The company also develops and sells drone platforms used for inspection, monitoring, and security work. Its customers include enterprises and government users that need to watch large areas, inspect infrastructure, or collect information without putting people in risky places. Ondas usually makes money by selling equipment, software, and related services to these customers and, in some cases, by supporting deployments over time.
What makes Ondas different is that it sits in the middle of two specialized markets where reliability and control matter more than consumer scale. Its wireless business is aimed at private industrial networks, while its drone business is focused on autonomous systems for practical field use. That mix gives the company exposure to infrastructure and security spending rather than ordinary consumer tech demand.
Revenue surge: Ondas reported first-quarter revenue of $50.1 million, up tenfold year over year and 66% sequentially, and said it was more than 25% above the high end of its prior target.
Outlook raised: Management lifted full-year 2026 revenue guidance to at least $390 million from $375 million just seven weeks earlier, citing strong backlog and customer pipeline visibility.
Margin progress: The company posted product company level EBITDA profitability two quarters ahead of plan, while gross margin improved to 49% from 35% a year ago.
Backlog growth: Backlog rose to more than $450 million after the World View and Mistral acquisitions closed in April, giving management confidence in the 2026 outlook.
Balance sheet: Ondas ended the quarter with $1.48 billion in cash, cash equivalents, restricted cash and short-term investments and said it has virtually no debt.
AI strategy: The company highlighted its Palantir partnership and SkyWeaver AI layer as a way to connect stratospheric, aerial and ground systems into a single intelligence network.
Pipeline scale: Management said the active pipeline totals approximately $4.3 billion across more than 45 submissions globally, with more than $1.6 billion of combined program potential already won or positioned.
