Ondas reports preliminary Q2 revenue ~$6M (6x YoY); cash $67M; backlog $22.8M

Ondas Inc.

2025-Q2 EPS reported -$0.21 vs consensus -$0.10 ▼ miss (-110.0%)

Preliminary Q2 2025 revenue ~$6.0M vs ~$1.0M in Q2 2024, a 6-fold increase.
Backlog of $22.8M as of June 30, 2025; cash over $67M, up from ~$30M at Dec 31, 2024.
Convertible notes reduced to $5.4M from $46.2M at year-end 2024.
Maintains FY 2025 revenue guidance of at least $25M, with at least $20M from OAS.
Hosting virtual Investor Day today, July 9, focused on Ondas Autonomous Systems.

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