Ondas Holdings, Inc. ( (ONDS) ) has released its Q4 earnings. Here is a breakdown of the information Ondas Holdings, Inc. presented to its investors.
Ondas Holdings, Inc. is a leading provider of private industrial wireless networks and commercial drone and automated data solutions through its Ondas Networks and Ondas Autonomous Systems (OAS) business units, serving sectors such as defense, infrastructure, and government applications.
In its latest earnings report, Ondas Holdings announced a promising outlook for 2025, with expectations of record revenue driven by its OAS business unit. The company has raised its revenue forecast for OAS to at least $20 million, supported by a $10 million backlog and anticipated growth in military customer orders.
Key financial highlights from 2024 include a total revenue of $7.2 million, a decrease from $15.7 million in 2023, attributed to extended customer timelines and disruptions in Israel. Despite this, the company secured significant bookings and strengthened its leadership team with new appointments. The partnership with Palantir is expected to enhance scalability and support growth strategies.
Ondas Holdings is optimistic about 2025, projecting total revenue of $25 million, with substantial contributions from OAS. The company plans to expand its programs in Israel and the UAE and capture new military and critical infrastructure customers in the U.S. The strategic partnership with Palantir will play a crucial role in scaling operations and broadening the solutions portfolio.
Looking ahead, Ondas Holdings remains focused on executing its multi-year growth plan, leveraging its core technologies to address evolving security and operational challenges. The company anticipates continued momentum in 2025, driven by its innovative drone platforms and strategic partnerships.
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