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BOSTON - Ondas Holdings Inc. (NASDAQ:ONDS), a provider of private wireless networks and drone solutions, with a market capitalization of $234 million and showing a remarkable 168% return over the past year, has announced a significant purchase order through its subsidiary Airobotics Ltd. The $14.3 million order from a major defense customer for multiple units of its Optimus System marks the company’s largest to date for this autonomous drone platform. According to InvestingPro data, the stock has demonstrated strong momentum with a 109% price return over the past six months.
The Optimus System, known for its fully autonomous data capture capabilities, is increasingly being used in military applications for continuous surveillance and security operations. This new order is a testament to the system’s operational maturity and competitive strengths, as it is designed to perform in complex, constrained military environments.
Eric Brock, Chairman and CEO of Ondas Holdings, expressed pride in the expansion of their partnership with the defense customer, highlighting the strategic nature of the order. The purchase significantly boosts Ondas’ revenue backlog to $28.7 million, up from $10 million at the beginning of 2025, reflecting a growing market adoption of the company’s drone systems and an optimistic outlook for sustained growth. InvestingPro analysts anticipate sales growth of 248% for fiscal year 2025, though the company currently operates with a gross profit margin of 21%.
Oshri Lugassy, Co-CEO of Ondas Autonomous Systems, emphasized the potential for further adoption of their drone-in-a-box technology across defense and public safety sectors globally. The Optimus System’s autonomy and reliability are seen as major advantages for government entities requiring robust aerial platforms for real-time monitoring.
Ondas Holdings encompasses Ondas Networks, which develops wireless broadband technology, and Ondas Autonomous Systems, which includes American Robotics and Airobotics, focusing on autonomous drone solutions. Their technology is aimed at enhancing connectivity and data collection for defense, security, and various critical infrastructure sectors.
The information for this report is based on a press release statement.
In other recent news, Ondas Holdings Inc. reported a significant increase in revenue for the first quarter of 2025, with a 500% year-over-year rise to $4.2 million. However, the company fell short of its revenue forecast of $5.06 million. Ondas also disclosed a gross profit of $1.5 million, reflecting a 35% gross margin, though it faced an operating loss of $10.3 million. The company has been actively reducing its debt, with outstanding convertible debt now at $20.6 million. Additionally, Ondas Holdings received a notice from Nasdaq regarding non-compliance with the minimum bid price requirement, giving the company until November 12, 2025, to address the issue.
Furthermore, Ondas Holdings announced the settlement of its December 31, 2024, Additional Notes, reducing its outstanding debt. The company is also exploring strategic partnerships and operational advancements, with a focus on expanding its presence in defense and security markets. Recent developments include securing new orders for its Iron Drone Raider system and forming partnerships with companies like Palantir Technologies and Valatas Aerospace. These efforts are aimed at enhancing Ondas Holdings’ position in global defense and security markets.
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