Ondas Inc. Q3 FY25 Results

Ondas delivered a record quarter with $10.1 million in revenue, highlighted by sustained growth momentum at OAS amid a powerful demand cycle for our unmanned platforms. I continue to be pleased with the execution of our core growth plan, led by our Iron Drone Raider and Optimus System platforms, and supported by the expansion of our senior leadership team at OAS which is helping to ensure we have the scalable infrastructure to sustain rapid growth in the years ahead. At the same time, our strategic program continues to advance, creating a deep and maturing pipeline of opportunities for the quarters and years ahead. We are doing what we said we would do, when we laid out our core-plus-strategic growth plan at our OAS Investor Day in July. This plan is supported by an exceptionally strong financial position and a growing institutional investor base. With record customer activity, a growing backlog, and increasing visibility, we are building a highly scalable platform at Ondas. We expect to exit 2025 with a record backlog and clear visibility on significant revenue growth into 2026 and beyond.

Business continues to strengthen at OAS, supported by the addition of exceptional talent as we invest in our leadership foundation designed for scale. We are aligning the new capabilities provided by Apeiro, SPO, Insight, Sentrycs, and 4M Defense into a single, integrated operating model that amplifies both our technological impact and market reach. This integration is unlocking meaningful cross-domain opportunities—linking air, ground, and sensing systems under one unified vision—while enhancing efficiency and accelerating innovation across the organization. We are positioning OAS in front of a major demand curve for our autonomous systems. We believe the protection of critical infrastructure and borders in the U.S. and Europe is an urgent and growing priority, and OAS is exceptionally well positioned to meet that need. Our market strength will be further enhanced by the addition of Sentrycs, which we belive will enable us to offer a truly layered counter-UAS solution suite combining detection, cyber-control, and kinetic interception under one integrated architecture. Across both our go-to-market and product development efforts, we are focused on execution, collaboration, and operational excellence. OAS is executing a disciplined growth strategy—expanding deployments, increasing manufacturing capacity, and deepening strategic engagements across key global markets. We remain on track for a record year in 2025 and are building the foundation for significant, sustained expansion in the years ahead.

We are encouraged by the broadening industry acceptance of dot16 across all AAR-owned spectrum bands, and especially by the enthusiasm from multiple Class 1 railroads for the opportunities emerging in the 160 MHz network. The Proof-of-Concept programs we have co-designed with our railroad partners—scheduled to launch on three separate properties in Q4 2025 and early 2026—represent important milestones that we expect will lead to full productization and commercialization in 2026. As we continue to expand the ecosystem of dot16-enabled third-party applications, we remain focused on delivering near-term value through our existing product lines. We are on track to deliver new Advanced Civil Speed Enforcement System radios for the Northeast Corridor and next-generation Head-of-Train systems for the Indian market in Q4 2025. These efforts reflect our commitment to execution and customer success while positioning Ondas Networks at the center of next-generation rail communications and safety systems.”