Ondas(US:ONDS)2025-11-13 13:30Financial Performance - Ondas reported revenue of $10.1 million in Q3 2025, a 582% increase compared to $1.48 million in Q3 2024[16, 26] - The company's consolidated backlog reached $23.3 million in Q3 2025, up from $10.0 million at the beginning of 2025[16] - Ondas is increasing its revenue target to at least $36 million for 2025 and establishing a revenue target of at least $110 million for 2026[16] - The company's cash and restricted cash balance was $433.4 million as of September 30, 2025[31, 32] Strategic Initiatives - Ondas Capital aims to deploy $150 million to scale unmanned and dual-use technologies from Ukraine and allied nations[20] - Ondas Networks is targeting dot16 with multiple Railroad networks and applications, with dot16 selected as the private network roadmap platform for all AAR-owned frequencies[16] - Ondas Autonomous Systems (OAS) backlog has grown to $22.2 million at Q3 2025, and $40.4 million including closed/pending acquisitions in Q4 2025[44] Outlook and Growth - The company expects approximately $50 million in calendar 2025 revenue from strategic acquisitions announced since August 2025, with these companies expected to grow at 30-50% or better in 2026[80] - The global C-UAS market is projected to reach $10.5 billion by 2030[76]