Ondas Inc. Announces Preliminary Fourth Quarter and Full Year 2025 Financial Results

Key Highlights and Investor Insights

Ondas Inc. (Nasdaq: ONDS), a leading provider of autonomous aerial and ground robot intelligence and private wireless solutions, has released its preliminary financial results for the fourth quarter and full year ended December 31, 2025. The company will report final audited results on March 25, 2026, accompanied by a conference call for investors.

Financial Performance Exceeds Guidance

• Q4 2025 Revenue: Expected to be \$29.1–\$30.1 million, ahead of the prior guidance of \$27–\$29 million.
• Full Year 2025 Revenue: Expected to be \$49.7–\$50.7 million, surpassing prior guidance of \$47.6–\$49.6 million.
• Q4 Net Loss: Estimated between \$(20.9)–\$(20.4) million.
• Full Year Net Loss: Estimated between \$(53.3)–\$(52.8) million.
• Adjusted EBITDA: Q4 expected at \$(11.4)–\$(10.9) million; full year at \$(32.9)–\$(32.4) million. Adjusted EBITDA excludes depreciation, amortization, acquisition expenses, stock-based compensation, interest income/expense, FX gains/losses, changes in fair value of investments and government grants, income taxes, and other non-operating income.

Cash Position and Capital Raise

• Cash & Equivalents: As of December 31, 2025 (pro-forma), including a significant capital raise of approximately \$1 billion on January 12, 2026, Ondas’ cash position now exceeds \$1.5 billion. This enhanced liquidity provides substantial financial flexibility for future investments or acquisitions.

2026 Revenue Outlook

• 2026 Revenue Guidance: Ondas reiterates its outlook for full year 2026 revenue at \$170–\$180 million, not including any impact from new acquisitions in 2026. This guidance represents a substantial expected growth compared to 2025, signaling strong momentum and potential scalability of the business.

Business Overview and Growth Drivers

Ondas operates through three key business units:

• Ondas Autonomous Systems (OAS): A global portfolio of AI-powered defense and security platforms, including FAA-certified UAS for automated aerial security (Optimus System), autonomous counter-UAS interception (Iron Drone Raider), tactical ground robotic systems for military and special operations, advanced ground robotics and tethered UAV systems, and cyber-over RF counter-UAS solutions.
• Ondas Capital: Strategic advisory and investment management services aimed at accelerating the deployment of unmanned and autonomous systems in Allied defense and security markets.
• Ondas Networks: Software-defined wireless broadband technology (FullMAX platform, IEEE 802.16t standard), delivering high-performance connectivity for mission-critical IoT applications in rail, utilities, oil & gas, transportation, and government sectors.

Conference Call and Investor Engagement

Ondas will host a conference call and webcast on March 25, 2026, at 8:30 a.m. ET to discuss final results. Investors are encouraged to pre-register for immediate access, and a replay will be available via the investor relations section of the company website.

Important Shareholder Considerations

• Revenue Outperformance: Both Q4 and full year 2025 revenues are ahead of guidance, indicating strong execution and demand. This could be price sensitive, as it may signal improving fundamentals and momentum.
• Massive Capital Raise: The addition of \$1 billion to Ondas’ cash position, bringing total cash above \$1.5 billion, is highly significant. This enables the company to pursue strategic opportunities, including acquisitions, R&D, and expansion, which may materially affect valuation and share price.
• 2026 Growth Outlook: The reiteration of a robust revenue forecast for 2026 (over triple 2025 levels) is a strong signal of management’s confidence in business growth. Any developments or acquisitions in 2026 could further impact this outlook.
• Losses and Adjusted EBITDA: Despite strong top-line growth, Ondas is reporting substantial net losses and negative adjusted EBITDA, which shareholders should monitor closely for signs of improvement or strategic pivots.

Non-GAAP Measures and Reconciliation

Ondas uses Adjusted EBITDA as a supplemental measure of operating performance, excluding items not reflective of core operations. Investors should note differences in calculation compared to other companies and consider Adjusted EBITDA as a tool for trend analysis, not as a substitute for GAAP results.

Forward-Looking Statements

The report contains forward-looking statements regarding financial outlook and business prospects. These statements are subject to risks and uncertainties, and actual results may differ materially. Investors should review the company’s SEC filings for a detailed discussion of risk factors.

Contact Information

• Investor Relations: [email protected] | 888-657-2377
• Media: [email protected]
• Marketing Manager: Preston Grimes ([email protected])

Summary Table: Select Preliminary Financial Data

Conclusion

Ondas Inc. has reported preliminary results that exceed guidance and signal strong revenue growth, backed by a robust cash position following a major capital raise. The company’s reaffirmed 2026 outlook and substantial liquidity could be catalysts for future growth and strategic initiatives. However, continued losses underscore the importance of monitoring profitability and operational execution. Investors should stay tuned for the final audited results and any updates on acquisitions or business developments.

Disclaimer

This article is for informational purposes only and does not constitute investment advice or a recommendation to buy or sell any securities. Forward-looking statements are subject to risks and uncertainties. Please review Ondas Inc.’s official filings and consult a financial advisor before making investment decisions.

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