Ondas grows following acquisitions in Israel, but still losing money

Ondas published its third-quarter reports: revenues of $167 million, above expectations, but an operating loss of $190 million and a net loss of $62.6 million. The company expects revenues of at least $1.1 billion in 2027.

The American defense company Ondas published its third-quarter reports, with revenues of $167 million – more than 16 times the same quarter last year and above analyst expectations. However, the operating loss amounted to $190 million and the net loss to $62.6 million. The company expects revenues of at least $550 million in 2026 and at least $1.1 billion in 2027, and estimates it will reach positive EBITDA by the third quarter of 2027. CEO Eric Brock said the company is moving faster from testing to implementing technology with customers. Ondas stock has lost 59% of its value since its peak earlier this year, and the company is traded at a market cap of $3.3 billion. Its first acquisition in Israel was of Airobotics in 2022 for about $15 million.