Drone Technology ExpansionThe drone pipeline strengthened with military bookings for the Iron Drone Raider counter-drone system and the Optimus drone-in-a-box platform, as well as rising first responder interest in Optimus.
Military ContractsThe company reported $14.4M of bookings from a military customer to be delivered over the next two quarters, and improved visibility on Class 1 railroad timelines for broad network deployment.
Revenue Growth PotentialOndas Autonomous Systems is securing key wins and is likely to ramp revenue from existing customer fleet expansion and new customers, including an initial order for Iron Drone for counter-drone.