Financial Data and Key Metrics Changes - For Q3 2025, revenue was $6.3 million compared to $23.7 million in the prior year period, primarily due to customer-requested capability upgrades that delayed shipments [17] - Gross profit for the quarter was $2.8 million, with a gross margin of 44%, down from $16.3 million and 68.7% in the prior year [17] - EBITDA loss improved to $5.7 million from a loss of $23.1 million in the prior year quarter, while adjusted EBITDA loss was $8 million compared to a positive $10.9 million in the prior year [18] - The net loss for the quarter was $8 million, compared to a net loss of $30.3 million in Q3 2024 [18] Business Line Data and Key Metrics Changes - The drone business showed strong momentum, with the launch of an AI-capable version of the RQ-35 Hedron and a $4.5 million award for counter-electronic warfare technology development [12][14] - The training division executed over $1.7 million in task orders for military training, reinforcing its position as a trusted provider [14] - Avionics experienced stable margins despite lower revenue due to a focus on drone production [21] Market Data and Key Metrics Changes - AIRO has over $190 million in bookings in progress to be delivered in 2025 and 2026, indicating strong demand across its segments [20] - The company opened a sales hub in Singapore to enhance its presence in the Asia-Pacific region [13] Company Strategy and Development Direction - AIRO is focused on expanding its unmanned systems portfolio through joint ventures with Nord-Drone and Bullitt, aiming to enhance production capacity and technological capabilities [9][10] - The company is investing in R&D for drones and air mobility, with a significant focus on government contracts and partnerships [32][34] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in meeting customer demands despite recent shipment delays, emphasizing strong underlying demand [20] - The company expects full-year 2025 revenue to exceed 2024 revenue of $86.9 million, reflecting organic growth and not including potential contributions from joint ventures [22] Other Important Information - AIRO completed a follow-on offering, raising $89.4 million in gross proceeds, strengthening its balance sheet for growth investments [21] - The company is actively working to resolve supply chain issues related to sourcing new components for drone production [21] Q&A Session Summary Question: Discussion on $200 million orders in progress and expected backlog materialization - Management confirmed solid visibility for orders and indicated that these orders are expected to be delivered in the next 18 months [26][27] Question: R&D spend in air mobility and progress with government officials - Management outlined that approximately 17% of funding will come from internal funds, with 30%-40% from customer advances and the remainder from government funding [32] Question: Update on Blue UAS certification and production expansion - Management noted that production rates will grow, with initial prototypes running this year, and emphasized that inbound orders from the DoD are contingent upon Blue UAS certification [39][45] Question: Economics of the Nord-Drone joint venture - The joint venture is structured as a 50/50 partnership, allowing AIRO to share in 50% of the revenues and profits from the deployment of UAS across various markets [40]

Core Insights - Ondas Holdings Inc. reported a significant increase in revenues, surging over sixfold year over year to $10.1 million, primarily driven by its Ondas Autonomous Systems (OAS) division [1][11] - Operating expenses rose to $18.1 million, leading to an adjusted EBITDA loss of $8.8 million, compared to a loss of $7.1 million in the previous year [2] - The company is experiencing strong demand in the autonomous and unmanned systems markets, particularly in defense and security [3] Financial Performance - OAS revenues reached $10 million, a substantial increase from $1 million a year earlier, with a backlog of $22.2 million at the end of Q3 [4][5] - The consolidated backlog stood at $23.3 million, with expectations to reach $40 million including acquisitions [5] - Ondas raised its full-year revenue outlook to at least $36 million, with Q4 revenues estimated to exceed $15 million [11][18] Growth Opportunities - The OAS division is positioned as a high-visibility growth engine, with strong demand for its Optimus System and Iron Drone Radar platforms [4] - Ondas is expanding its customer base in defense and homeland security across Europe and the U.S., with partnerships expected to enhance market adoption [6] - The company is actively pursuing acquisitions to strengthen its portfolio, including recent deals with Sentry CS Ltd. and Insight Intelligent Sensors [12][13][14] Strategic Initiatives - Ondas launched Ondas Capital to focus on deploying unmanned systems in Allied defense markets [9] - The company is working on localizing its supply chain for its drone systems, anticipating U.S.-built systems to be available by Q1 2026 [6] - The partnership with Rift Dynamics aims to enhance capabilities in European defense markets [7][8] Market Position - Ondas shares have increased by 665.8% over the past six months, significantly outperforming the Communication-Network software industry [21] - The stock is trading at a forward 12-month price/sales ratio of 33.11X, indicating a premium valuation justified by revenue growth and backlog [27] Long-term Outlook - Ondas Networks is building long-term value through next-generation rail communications, with expectations for meaningful adoption by railroads in 2026 [15][16] - The company anticipates revenues in 2026 to be at least $110 million, driven by an expanding customer base and backlog [18]

Financial Data and Key Metrics Changes - For Q3 2025, revenue was $6.3 million, a decrease from $23.7 million in the prior year period, primarily due to customer-requested capability upgrades that delayed shipments [17] - Gross profit for the quarter was $2.8 million, with a gross margin of 44%, down from $16.3 million and 68.7% in the prior year [17] - Year-to-date gross margin was 58.1%, driven by a lower proportion of drone revenue in the mix [18] - EBITDA loss was $5.7 million, an improvement from a $23.1 million loss in the prior year quarter [18] - Net loss was $8 million compared to a net loss of $30.3 million in Q3 2024 [18] Business Line Data and Key Metrics Changes - The drone business launched an AI-capable full-stack version of the RQ-35 Hedron, enhancing its capabilities in GPS-denied operations [12] - The training division executed over $1.7 million in task orders for military training, indicating solid performance [14] - The avionics segment experienced lower revenue due to a focus on drone production, but secured a multi-year OEM purchase order [16] Market Data and Key Metrics Changes - AIRO has a $200 million-plus booking pipeline, indicating strong demand across defense and advanced air mobility markets [11] - The company opened a sales hub in Singapore to enhance its presence in the Asia-Pacific region [13] Company Strategy and Development Direction - AIRO is focused on expanding its unmanned systems portfolio through joint ventures with Nord-Drone and Bullitt, aiming to enhance production capacity and technological capabilities [9][10] - The company is investing in R&D for drones and air mobility, with a commitment to innovation and adapting to evolving mission needs [19] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in meeting customer demands despite timing-related challenges in Q3, emphasizing strong underlying demand [19] - The company expects full-year 2025 revenue to exceed 2024 revenue of $86.9 million, reflecting organic growth and not including potential contributions from joint ventures [22] Other Important Information - AIRO completed a follow-on offering, raising $89.4 million in gross proceeds, significantly strengthening its balance sheet [21] - The company is actively working to source additional supply and implement multiple sources for key components to mitigate supply chain issues [21] Q&A Session Summary Question: Discussion on $200 million orders in progress and expected backlog materialization - Management confirmed solid visibility for orders and indicated that these orders are expected to be delivered in the next 18 months [24][26] Question: R&D spend in air mobility and progress with government officials - Management outlined that approximately 17% of funding will come from internal funds, with 30%-40% from customer advances and the remainder from government funding [29][31] Question: Status of Blue UAS certification and production expansion - Management noted that production rates will grow, with initial prototypes running this year, but emphasized that inbound orders from the DoD are contingent upon Blue UAS certification [38][40] Question: Economics of the Nord-Drone Group joint venture - The joint venture is structured as a 50/50 partnership, with AIRO contributing manufacturing and R&D expertise while sharing in revenues and profits [40]

Core Insights - U.S. stock futures are lower, with Dow futures down approximately 100 points [1] - Red Cat Holdings Inc reported disappointing third-quarter results, leading to a significant drop in its stock price [2] Company Performance - Red Cat Holdings Inc's third-quarter revenue was $9.65 million, falling short of analyst expectations of $16.68 million [2] - The company reported a loss of 16 cents per share, which was worse than the anticipated loss of 10 cents per share [2] - Following the earnings report, Red Cat's shares fell by 15.1% to $6.57 in pre-market trading [2] Other Companies' Performance - TSS Inc experienced a 40.2% decline to $9.10 after reporting a year-over-year decrease in third-quarter results [4] - StubHub Holdings Inc's shares dropped 18.8% to $15.28 due to worse-than-expected third-quarter EPS results [4] - WhiteFiber Inc's stock fell 13.4% to $17.21 after reporting disappointing third-quarter financial results [4] - Anavex Life Sciences Corp. saw a decline of 12.3% to $4.99, following an 18% drop the previous day [4] - Verastem Inc's shares dipped 9.4% to $7.35 after announcing a $90 million public offering [4] - POET Technologies Inc fell 8.5% to $4.30 due to weak quarterly results [4] - Solaris Energy Infrastructure Inc declined 5.8% to $42.32 in pre-market trading [4]

Core Insights - AIRO Group Holdings, Inc. reported third quarter 2025 financial results, highlighting strong demand in the drone industry and advancements in technology partnerships [1][6][2] Financial Highlights - Revenue for Q3 2025 was $6.3 million, a decrease from $23.7 million in the prior-year period, primarily due to shipment timing delays [7][4] - Year-to-date revenue reached $42.6 million, compared to $47.2 million in the same period last year [4] - Gross margin for the year-to-date was 58.1%, down from 64.7% in the prior-year period [4] - Net loss improved to $(8.0) million in Q3 from $(30.3) million in the prior-year quarter [9] - EBITDA for Q3 was $(5.7) million, an improvement from $(23.1) million in the prior-year period [10] Operational Highlights - The company completed an upsized public offering, raising $89.4 million to enhance liquidity for growth initiatives [11] - A joint venture with Nord Drone Group was signed to accelerate the deployment of unmanned aerial systems (UAS) across U.S., Ukraine, and NATO markets [4] - Sky-Watch secured a $4.5 million development program for advanced Counter Electronic Warfare technologies [4] - Plans for a new U.S. manufacturing site were initiated to scale RQ-35 Heidrun production [4] Market Outlook - AIRO expects full-year 2025 revenue to exceed 2024's revenue of $86.9 million, contingent on supplier deliveries and customer acceptance [13] - The company is experiencing strong demand driven by evolving defense requirements and the effectiveness of unmanned systems in modern conflicts [6][2]

Group 1 - Ondas Holdings' stock price correction was justified due to its early-stage growth status and execution risks, but a strong rebound is anticipated as selling pressure diminishes [2] - The company reported a significant year-over-year revenue increase of nearly 600%, reaching $10.1 million, and outperformed consensus estimates by over 4,000 basis points, indicating strong demand for its autonomous drone systems [3] - The gross margin improved significantly due to increased revenue leverage, despite wider losses attributed to one-offs and increased costs, with GAAP losses of 3 cents being 2 cents better than expected [4] Group 2 - Demand for autonomous drone-in-a-box systems is surging, particularly in defense and industrial sectors, contributing to Ondas Holdings' growth trajectory [5] - The company's guidance reflects growing visibility and is likely conservative, considering the expansion of global defense budgets [5] - Analyst upgrades and institutional buying in 2025 suggest increasing confidence in Ondas' long-term growth potential [5]

Core Viewpoint - The company, identified by the ticker symbol ODS, operates in the drone and wireless networking sectors, experiencing a notable 16% increase in stock price, diverging positively from the broader market trends [2][8]. Company Overview - ODS is a smaller-cap company with a market capitalization of approximately $2 billion, while the Russell 2000 index has declined by about 2.5% [2]. - The company specializes in AI-powered drones, imaging technologies, counter-surveillance drone technologies, and infrastructure security, addressing needs in sectors such as oil and gas, transportation, border security, and defense [3]. Financial Performance - The company reported an adjusted loss of 3 cents per share, which was better than the expected loss of 5 cents, and an improvement from a loss of 15 cents in the same quarter last year [4]. - Sales for the quarter reached approximately $10.1 million, exceeding the estimate of $7 million and significantly higher than the $1.5 million generated in the same quarter last year [5][6]. - For the current fiscal year, the company raised its sales guidance to $36 million from a previous estimate of $25 million, indicating strong growth expectations [6]. - The guidance for 2026 was also revised upward to $110 million from $79 million, showcasing substantial anticipated growth compared to last year's $1.5 million in sales for the same quarter [7]. Market Position and Competitors - The stock has increased over 700% over the past 52 weeks, reflecting strong market performance and investor interest [8]. - Potential acquisition interest from larger defense contractors like Boeing and Lockheed Martin has been speculated, given the company's relatively small market cap [8][9]. - Major competitors in the defense sector include BAE Systems, General Dynamics, and Northrop Grumman, indicating a competitive landscape for ODS [9][10].

Core Insights - ZenaTech's Drone as a Service (DaaS) segment generated 82% of Q3 2025 revenue, amounting to $3.57 million out of a total of $4.35 million, indicating a significant shift from software services to drone services [1][2] - The company aims to acquire 25 new companies by mid-2026 to enhance its DaaS capabilities and expand its market presence in various sectors [1][4] - The global market for Surveying and Mapping Services is projected to grow from $41.5 billion in 2024 to $53.1 billion by 2030, with a CAGR of 4.2%, highlighting the potential for ZenaTech's growth in this area [5] Company Overview - ZenaTech specializes in AI drone technology, DaaS, enterprise SaaS, and Quantum Computing solutions, focusing on mission-critical business applications [6] - The company has developed a range of drone solutions through its subsidiary ZenaDrone, which includes applications in agriculture, defense, and logistics [8] - ZenaTech operates globally with offices in North America, Europe, Taiwan, and the UAE, and is actively expanding its DaaS business through acquisitions [6] Industry Context - The land surveying industry in the US is characterized by aging, privately owned firms that rely on outdated technology, making it a ripe target for consolidation through drone-enabled services [3] - ZenaTech's strategy involves targeting established regional providers for acquisition, aiming to deliver faster and more cost-effective surveying services using drone technology [4][3] - The DaaS platform is positioned to capture market share as industries increasingly adopt drone technology for tasks traditionally performed using manual methods [2]

WEST HOLLYWOOD, Calif. and RAMAT EFAL, Israel, Nov. 13, 2025 (GLOBE NEWSWIRE) -- VisionWave Holdings, Inc. (Nasdaq: VWAV) (“VisionWave” or the “Company”) today announced that it has signed a binding Letter of Intent (“LOI”) to acquire Solar Drone Ltd., a subsidiary of BladeRanger Ltd. (TASE: BLRN) and a developer of mission-ready unmanned-aerial systems designed for infrastructure inspection, civil protection, and homeland-security operations. Under the LOI, VisionWave will issue 1.8 million shares of commo ...

Core Insights - Draganfly Inc. has received a second purchase order from a Fortune 50 telecommunications company for its Commander 3XL drone platform integrated with USaS's LEAP tether system, marking a significant expansion of the customer's drone fleet for emergency management and telecommunications support [1][2] Group 1: Company Overview - Draganfly Inc. is recognized as an industry leader in drone solutions, software, and AI systems, serving various markets including public safety, public health, and industrial inspections for over 25 years [4] - The company focuses on providing efficient solutions aimed at saving time, money, and lives for its global customers [4] Group 2: Product and Technology - The Commander 3XL drone, compliant with the National Defense Authorization Act (NDAA), is designed for multi-mission capabilities, enhancing operational resilience through the integration of USaS's LEAP tethered system [2][3] - The LEAP tethered system allows for continuous power and high-bandwidth data connectivity, significantly extending mission endurance for critical operations [2][3] Group 3: Strategic Collaboration - The partnership between Draganfly and USaS aims to enhance mission performance in emergency response and telecommunications infrastructure restoration, showcasing the adaptability and interoperability of their solutions [3] - This collaboration emphasizes Draganfly's commitment to integrating specialized technologies to meet complex operational demands [3]