Company Performance - JD.com reported a quarterly revenue growth of 14.9% year-over-year to $42.01 billion, surpassing the analyst consensus estimate of $41.33 billion [2] - JD posted an adjusted net income per ADS of 52 cents, exceeding the analyst consensus estimate of 34 cents [2] Stock Movements - Mersana Therapeutics Inc shares surged 205% to $27.06 after announcing its acquisition by Day One Biopharmaceuticals [8] - Nuvve Holding Corp shares increased 215% to $0.4916 following an aggregation agreement in Japan [8] - Ondas Holdings Inc shares rose 24% to $6.82 after reporting better-than-expected third-quarter results and raising its FY25 sales guidance [8] - Korro Bio Inc shares dropped 79% to $6.48 after announcing a wind-down of research and development activities [8] - Applied Therapeutics Inc shares fell 44% to $0.5070 following third-quarter results [8] - EPWK Holdings Ltd shares decreased 33% to $0.0434 after announcing a 40-for-1 share consolidation effective November 17 [8]

Core Insights - Ondas Holdings Inc (NASDAQ: ONDS) experienced a rally of over 20% following the release of its third-quarter financial results, which exceeded market expectations [1] Financial Performance - The company reported financials that beat market forecasts, contributing to the significant increase in stock price [1] - Specific financial metrics were not detailed in the provided content, but the overall performance was highlighted as a key driver for investor excitement [1] Market Reaction - The positive financial results led to a notable surge in investor interest, reflected in the stock price increase of more than 20% [1]

Core Points - U.S. stocks experienced a decline, with the Dow Jones index dropping over 100 points on Thursday [1] - Spectrum Brands Holdings Inc reported a quarterly adjusted EPS of $2.61, significantly exceeding the analyst consensus estimate of $0.86 [1] - The company's quarterly sales were $733.500 million, which fell short of the analyst consensus estimate of $741.111 million [1] Company Performance - Spectrum Brands Holdings shares surged 13.2% to $60.28 following the earnings report [2] - Ondas Holdings Inc saw a 24.4% increase in shares to $6.86 after reporting better-than-expected third-quarter results and raising FY25 sales guidance [4] - Firefly Aerospace Inc's shares rose 21.7% to $22.29 after exceeding quarterly financial expectations and raising FY25 sales guidance [4] - Cellebrite DI Ltd shares increased by 21.7% to $19.44 after reporting strong third-quarter results and raising FY25 sales guidance [4] - Sealed Air Corp shares gained 19.9% to $43.60 [4] - Dillard's Inc reported better-than-expected quarterly results, leading to an 18.3% rise in shares to $720.00 [4] - Digi International Inc shares jumped 17.5% to $42.30 following positive quarterly results [4] - Sally Beauty Holdings Inc shares rose 17.5% to $17.27 after reporting upbeat quarterly results [4] - Tetra Tech Inc gained 11.9% to $36.31 following strong quarterly earnings [4] - On Holding AG shares increased by 7.4% to $44.58 after reporting positive third-quarter earnings and issuing FY2025 sales guidance above expectations [4] - Nice Ltd shares rose 6.3% to $132.14 following strong quarterly sales [4]

Financial Data and Key Metrics Changes - The company reported Q3 2025 revenues of $10,100,000, representing a more than six-fold increase year-over-year and nearly 60% sequential growth from Q2 2025 [12][27] - Gross profit for Q3 2025 was $2,600,000, yielding a gross margin of 26%, compared to a gross profit of $50,000 in Q3 2024 [28] - Operating expenses increased to $18,100,000 in 2025 from $8,700,000 in 2024, primarily due to higher personnel costs [28][29] - Cash as of September 30, 2025, was $433,000,000, up from $30,000,000 a year earlier [29][32] - Shareholders' equity increased to $487,200,000 as of September 30, 2025, compared to $16,600,000 a year prior [32] Business Line Data and Key Metrics Changes - The OAS business unit generated $10,000,000 in revenue for Q3 2025, up from $1,000,000 in the same quarter last year, driven by deliveries of Iron Drone and Optimus systems [27][45] - The consolidated backlog grew to $23,300,000, more than double the beginning of the year, and over $40,000,000 when including pending acquisitions [13][45] Market Data and Key Metrics Changes - The company is positioned to benefit from a major counter UAS boom, with strong market demand for autonomous and unmanned systems [10][12] - The global demand for counter drone technologies is projected to grow from approximately $2,400,000,000 in 2024 to over $10,500,000,000 by 2030, representing a 27% compound annual growth rate [66] Company Strategy and Development Direction - The company is transitioning from standalone technology platforms to a system of systems model, integrating air, ground sensing, and communications into an autonomous ecosystem [15][21] - A strategic growth plan was laid out in July 2025, focusing on scaling operations and leveraging advancements in autonomy and unmanned systems [10][11] - The establishment of ONDEST Capital aims to scale combat-proven unmanned technologies into production and commercialization [15][22] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's positioning for continued record growth through 2025 and into 2026, supported by a strong balance sheet and strategic acquisitions [17][72] - The company raised its full-year 2025 revenue target to at least $36,000,000, with expectations for Q4 revenue exceeding $15,000,000 [13][73] - The outlook for 2026 is set at a minimum of $110,000,000 in revenue, which may be conservative given the expanding customer base and backlog [73] Other Important Information - The company completed multiple strategic acquisitions, enhancing its operational capabilities and expanding its technology portfolio [20][52] - The partnership with SentriX is expected to enhance the company's counter UAS capabilities significantly [58][66] Q&A Session Summary Question: What is the outlook for the company's growth in 2026? - The company is targeting at least $110,000,000 in revenue for 2026, with expectations that this number may prove conservative due to an expanding customer base and backlog [73] Question: How is the company addressing the growing demand for counter drone technologies? - The company is well-positioned to capture a significant share of the rapidly expanding counter drone market, with a comprehensive solution that integrates various technologies [66][69]

Financial Data and Key Metrics Changes - In Q3 2025, Ondas generated $10.1 million in revenue, a more than six-fold increase year over year, and up nearly 60% sequentially from Q2 [9][21] - The consolidated backlog grew to $23.3 million, more than double from the beginning of the year, and over $40 million when including pending acquisitions [9][21] - The company raised its full-year 2025 revenue target to at least $36 million, expecting to generate more than $15 million in Q4 [9][58] - Cash as of September 30, 2025, was $433.4 million, compared to $30 million a year prior, with shareholders' equity increasing to $487.2 million from $16.6 million [25][26] Business Line Data and Key Metrics Changes - The OAS business unit generated $10 million in revenue, up from $1 million a year ago, driven by deliveries of Iron Drone and Optimus systems [21][35] - Gross profit for Q3 was $2.6 million, representing a 26% gross margin, compared to a gross profit of $0.05 million in Q3 2024 [21] - Operating expenses increased to $18.1 million, primarily due to higher personnel costs related to business growth and strategic initiatives [22] Market Data and Key Metrics Changes - The counter-UAS market is projected to grow from approximately $2.4 billion in 2024 to over $10.5 billion by 2030, representing a 27% compound annual growth rate [52] - Centrix, a recent acquisition, is expected to maintain a triple-digit compound annual growth rate, with bookings projected to triple over the next few years [53] Company Strategy and Development Direction - Ondas is transitioning from technology development to platform adoption, focusing on building durable, efficient, and scaled businesses in the autonomous and unmanned systems market [5][6] - The company launched Ondas Capital to scale combat-proven unmanned technologies from Ukraine and allied nations into production [17][18] - A strategic growth program is in place, with multiple acquisitions enhancing Ondas's capabilities across air, ground, sensing, and communications technologies [15][40] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's positioning for continued record growth through 2025 and into 2026, supported by a strong balance sheet and market demand [12][58] - The outlook for Q4 and 2026 is primarily driven by OAS, with expectations for significant ongoing growth [10][58] - Management highlighted the importance of low-cost capital as a competitive advantage in scaling operations efficiently [8] Other Important Information - Ondas has raised approximately $855 million since June 2025 to support its growth plan, positioning it with one of the strongest balance sheets in the industry [8][12] - The company is actively pursuing a U.S. DOD or DHS customer in 2025, which would represent a significant milestone [59] Q&A Session Summary Question: What is the outlook for revenue growth in 2026? - Management is targeting at least $110 million in revenue for 2026, which may prove conservative given the expanding customer base and backlog [58] Question: How is the company addressing the competitive landscape in the counter-UAS market? - The integration of Centrix's technology with Ondas's existing systems is expected to create a comprehensive counter-UAS architecture, enhancing the company's market position [46][52] Question: What are the key drivers for the growth in the OAS business unit? - The growth is driven by expanding customer relationships, a robust pipeline, and successful execution of strategic acquisitions [10][36]

Group 1 - The article does not provide any relevant content regarding company or industry insights [1]

Third Quarter 2025 Earnings Release NASDAQ: ONDS | November 13, 2025 Copyright 2025. All rights reserved. 1 Nasdaq: ONDS Nasdaq : ONDS Nasdaq: ONDS Disclaimer This presentation may contain "forward-looking statements" as that term is defined under the Private Securities Litigation Reform Act of 1995 (PSLRA), which statements may be identified by words such as "expects," "projects," "will," "may," "anticipates," "believes," "should," "intends," "estimates," and other words of similar meaning. Ondas Holdings ...

Revenue Performance - Ondas Holdings reported a revenue increase of $8,617,518, reaching $10,098,310 for the three months ended September 30, 2025, compared to $1,480,792 for the same period in 2024[299]. - The revenue growth was primarily driven by approximately $5,294,000 in increased product sales and $3,704,000 in increased service and subscription revenue at OAS, attributed to sales of the Optimus System™, Iron Drone Raider™, and Apeiro ground robots[300]. - Ondas Networks generated $81,517 in revenue for the three months ended September 30, 2025, a decrease of $363,771 compared to $445,288 in 2024, while OAS revenue surged to $10,016,793 from $1,035,504[299]. - Revenue increased by $17,556,228 to $20,619,880 for the nine months ended September 30, 2025, compared to $3,063,652 for the same period in 2024[310]. Cost and Profitability - Cost of goods sold rose by $6,060,683 to $7,493,915 for the three months ended September 30, 2025, compared to $1,433,232 in 2024, mainly due to increased revenue at OAS[301]. - Gross profit increased by $2,556,835 to $2,604,395 for the three months ended September 30, 2025, with gross profit margins improving from 3% in 2024 to 26% in 2025[302]. - Cost of goods sold increased by $9,592,896 to $13,194,865 for the nine months ended September 30, 2025, compared to $3,601,969 for the same period in 2024[311]. - Gross profit increased by $7,963,332 to $7,425,015 for the nine months ended September 30, 2025, compared to a gross loss of $538,317 for the same period in 2024[312]. Operating Expenses - The increase in operating expenses was significant, rising by $9,399,670 to $18,107,945 for the three months ended September 30, 2025, compared to $8,708,275 in 2024, driven by higher general and administrative costs[299]. - Operating expenses increased by $9,399,670, or 108%, to $18,107,945 for the three months ended September 30, 2025, compared to $8,708,275 for the same period in 2024[304]. - Total operating expenses increased by $16,934,924 to $42,488,107 for the nine months ended September 30, 2025, compared to $25,553,183 for the same period in 2024[313]. - Human resource costs, including benefits, accounted for 61% of total operating expenses for the three months ended September 30, 2025, up from 38% in the same period in 2024[304]. - The increase in operating expenses was primarily driven by a $7,784,000 increase in human resource costs, including a $4,935,000 increase in stock-based compensation[304]. - Operating expenses increased by $16,934,924, or 66%, primarily due to a $14,271,000 increase in human resource costs, including $7,718,000 for stock-based compensation[314]. Loss and Income - Operating loss increased by $6,842,835, or 79%, to $15,503,550 for the three months ended September 30, 2025, compared to $8,660,715 for the same period in 2024[305]. - Operating loss for the nine months ended September 30, 2025, increased by $8,971,592, or 34%, to $35,063,092 compared to $26,091,500 for the same period in 2024[315]. - Total other income, net increased by $9,195,703, to $8,330,150 for the three months ended September 30, 2025, compared to total other expense, net of $865,553 for the same period in 2024[306]. - Total other income increased by $4,583,780 to $3,003,192, primarily due to a $9,030,000 increase in interest and dividend income[316]. - Net loss decreased by $2,045,412, or 21%, to $7,480,856 for the three months ended September 30, 2025, compared to $9,526,268 for the same period in 2024[307]. - Net loss increased by $4,695,268, or 17%, to $32,367,356 for the nine months ended September 30, 2025, compared to $27,672,088 for the same period in 2024[318]. Cash and Financing - Cash and restricted cash at the end of the period was approximately $433,393,557, up from $2,873,286 in the previous year[319]. - Net cash flows used in investing activities increased by approximately $17,084,000, primarily due to the purchase of equity securities and cash paid for acquisitions[321]. - The company raised approximately $422,309,000 in proceeds from registered offerings during the nine months ended September 30, 2025[325]. - As of September 30, 2025, the company had an accumulated deficit of approximately $268,723,000[323]. - The company expects to fund operations for the next twelve months from cash on hand, gross profits, and potential proceeds from warrants and additional financing[329]. Business Operations and Strategy - The company operates two business segments: Ondas Networks, focusing on wireless connectivity solutions, and OAS, which develops autonomous solutions for defense and industrial markets[286]. - Ondas Holdings continues to develop partnerships in the rail industry, including collaboration with Siemens Mobility to market FullMAX-based networking technology[290]. - OAS achieved FAA Type Certification for the Optimus 1-EX UAV on September 25, 2023, enabling broad BVLOS operations and validating the system's safety and reliability[296]. - The company is closely monitoring the impact of ongoing military operations in Israel on its business, particularly regarding the import of materials for the Optimus System™[298]. Accounting and Reporting - Management's discussion and analysis is based on unaudited Condensed Consolidated Financial Statements prepared in accordance with U.S. GAAP[332]. - There have been no significant changes in critical accounting policies since the filing of the 2024 Form 10-K[332]. - No material changes to significant accounting policies are expected from recent accounting pronouncements[333]. - Forward-looking statements are based on current expectations and assumptions, subject to risks and uncertainties[334]. - The company is classified as a smaller reporting company and is not required to provide market risk disclosures[335].

Financial Performance - Ondas reported record quarterly revenue of $10.1 million in Q3 2025, representing a more than 582% increase year-over-year and a 60% growth quarter-over-quarter[1][12] - Revenues for the three months ended September 30, 2025, reached $10,098,310, a significant increase from $1,480,792 in the same period of 2024, representing a growth of 579%[42] - Gross profit for Q3 2025 rose to $2.6 million, resulting in a gross profit margin of 26%, compared to 3% in Q3 2024[13] - Gross profit for the nine months ended September 30, 2025, was $7,425,015, compared to a loss of $(538,317) in the same period of 2024, indicating a turnaround in profitability[42] - The net loss attributable to common stockholders for the nine months ended September 30, 2025, was $(36,144,526), compared to $(30,899,010) in the same period of 2024, representing a 17% increase in losses[42] - Net loss for Q3 2025 was $7.5 million, an improvement from a loss of $9.5 million in Q3 2024, with an adjusted EBITDA loss of $8.8 million compared to $7.1 million in the prior year[16] - Adjusted EBITDA for the nine months ended September 30, 2025, was $(22,082,669), compared to $(21,516,451) in the same period of 2024, indicating a slight deterioration in operational performance[47] Revenue Targets and Backlog - Ondas increased its revenue target for 2025 to at least $36 million and established a preliminary revenue target of at least $110 million for 2026[1] - The company expects to generate at least $36 million in revenue for 2025, up from a previous target of $25 million, supported by a consolidated backlog of $23.3 million at the end of Q3 2025[21] - The backlog for Ondas Autonomous Systems (OAS) reached $22.2 million as of September 30, 2025, up from $20.7 million at the end of Q2 2025, indicating strong demand for the Optimus and Iron Drone platforms[7] Cash and Financing - Cash and cash equivalents at the end of Q3 2025 totaled $433.4 million, a significant increase from $30.0 million as of December 31, 2024, with pro forma cash balances around $840.4 million after an equity offering[17] - Total shareholders' equity rose to $487.2 million as of September 30, 2025, up from $16.6 million at the end of 2024, driven by financing activities and debt conversions[20] - Cash flows from financing activities for the nine months ended September 30, 2025, were $448.2 million, primarily from equity offerings and the exercise of warrants[18] - Convertible debt outstanding decreased significantly to $9.5 million as of September 30, 2025, from $52.7 million at the end of 2024, due to conversions into equity[19] - Cash used in operating activities was $26.0 million in the current period, slightly higher than $25.4 million in the first nine months of 2024[18] - Cash flows used in operating activities for the nine months ended September 30, 2025, were $(26,017,625), slightly higher than $(25,360,649) in the same period of 2024[44] Operating Expenses - Operating expenses increased to $18.1 million in Q3 2025, up from $8.7 million in Q3 2024, primarily due to increased payroll costs and non-cash stock compensation[14] - Total operating expenses for the three months ended September 30, 2025, were $18,107,945, up from $8,708,275 in the same period of 2024, reflecting a 107% increase[49] - The company incurred stock-based compensation expenses of $9,210,913 for the nine months ended September 30, 2025, compared to $988,683 in the same period of 2024, reflecting increased investment in employee incentives[44] Strategic Initiatives - Ondas completed multiple government-led counter-UAS pilot programs in Europe and Asia, validating the performance of the Iron Drone Raider in complex environments[7] - The company announced strategic acquisitions, including Sentrycs and Apeiro Motion, to enhance its capabilities in counter-UAS and ground robotics[4][7] - Ondas launched a new line of fiber-optic spools for drones and ground robotics, with production expected to begin in Q4 2025, aimed at enhancing connectivity for defense missions[8] - Ondas Networks is positioned for a multi-year upgrade cycle across AAR-owned frequencies, with several Class 1 railroads engaging in Proof of Concept application testing for the dot16 platform[10][11] Market Outlook - The company anticipates fluctuations in bookings and revenue growth due to variability in expected orders and the timing of new customer additions[22] - Ondas Holdings continues to focus on expanding its autonomous systems and private wireless solutions across essential industries[26]

Core Insights - Ondas Holdings Inc. (ONDS) is set to release its third-quarter 2025 results on November 13, with expectations of a loss of 5 cents per share and revenues estimated at $7.37 million, reflecting a 398% year-over-year increase [1][2][7]. Financial Performance - The Zacks Consensus Estimate for ONDS indicates a loss of 5 cents per share, unchanged over the past 30 days, while revenues are projected to be $7.37 million, marking a significant increase from the previous year [2]. - In the second quarter of 2025, ONDS reported revenues of $6.3 million, a more than 500% increase year-over-year, primarily driven by the Ondas Autonomous Systems (OAS) division [5]. Business Developments - The OAS division is expected to continue driving revenue growth, with a backlog of $22 million reported at the end of the second quarter [5]. - Ondas Holdings is expanding its customer base in defense and homeland security sectors across Europe, the Middle East, and the United States, with growing demand for its Optimus System and Iron Drone Radar system [6]. - Recent partnerships, including one with Rift Dynamics, aim to enhance capabilities in the European defense market, particularly with the development of a modular drone platform [7][8]. Strategic Initiatives - The company has launched Ondas Capital, focusing on deploying unmanned/autonomous systems to defense and security markets, with full-year revenue expectations of at least $25 million [9]. - Ondas Holdings is actively pursuing mergers and acquisitions to broaden its capabilities, including recent acquisitions in counter-UAS technology and advanced sensing systems [12][13][14]. Market Performance - ONDS shares have surged 618.2% over the past six months, significantly outperforming the Communication-Network software industry, which declined by 10.2% during the same period [15]. - The stock is currently trading at a forward 12-month price/sales ratio of 29.85X, indicating a substantial premium compared to the industry average of 1.93X [22][23]. Future Outlook - The operational momentum from the OAS division, along with an expanding backlog and increased market penetration, positions ONDS as a compelling high-growth opportunity [24].