Ondas Holdings Inc

Ondas Holdings Inc. (NASDAQ: ONDS) is a provider of private wireless, drone, and automated data solutions through its subsidiaries, Ondas Networks Inc. (Ondas Networks), Ondas Autonomous Holdings Inc. (OAH), Airobotics, Ltd (Airobotics), and American Robotics, Inc. (American Robotics or AR). The Company operates through two segments: Ondas Networks and Ondas Autonomous Systems. 

Recent Business and Financial Updates

• Preliminary Financial Performance: For the second quarter of 2025, Ondas Holdings anticipates reporting approximately USD6.0 million in revenue, a substantial increase of over six times the USD1.0 million recorded in the same quarter of the previous year. This growth underscores the company’s expanding market presence, particularly within its OAS business unit. Additionally, Ondas reported an estimated backlog of USD22.8 million as of June 30, 2025, adjusted for expected revenue recognition during the quarter, indicating a robust pipeline of future revenue opportunities. These preliminary figures, prepared by management and unaudited, reflect operational progress but are subject to finalization in the company’s full Q2 2025 financial statements, expected to be released in August 2025.
• Financial Position and Liquidity: As of June 30, 2025, Ondas Holdings maintained a strong liquidity position, with cash and cash equivalents exceeding USD67.0 million, a significant improvement from USD30.0 million as of December 31, 2024. The company also reduced its outstanding convertible notes to USD5.4 million (principal plus interest, less unamortized issuance costs) from USD46.2 million at the end of 2024, reflecting improved balance sheet management. This enhanced financial flexibility supports Ondas’ ongoing investments in its autonomous systems and wireless network solutions, positioning the company to capitalize on growth opportunities in its target markets.
• Strategic Outlook and Guidance: Ondas Holdings reaffirmed its 2025 revenue guidance of at least USD25 million, with the OAS business unit expected to contribute a minimum of USD20 million, highlighting the segment’s pivotal role in the company’s growth strategy. The Investor Day presentation is expected to provide detailed insights into OAS’s updated business plan, focusing on its autonomous systems and drone solutions, which are designed to meet increasing demand for automated data and industrial connectivity solutions. By leveraging its technological capabilities and expanding its backlog, Ondas aims to strengthen its competitive position in the industrial and commercial drone markets.

Technical Observation (on the daily chart):

The Relative Strength Index (RSI) over a 14-day period stands at a value of 72.13, upward trending and inside overbought zone, with expectations of a consolidation or a downward momentum if the important support of USD 1.90-USD 2.00 is broken on the downside. Additionally, the stock's current positioning is above both the 50-period SMA and 200-period SMA, which may serve as dynamic short to medium-term support levels.

Ondas Holdings Inc. (NASDAQ: ONDS), a provider of private industrial wireless networks and commercial drone solutions, announced a virtual Investor Day on July 9, 2025, to discuss its Ondas Autonomous Systems (OAS) business unit’s growth strategies, alongside preliminary Q2 2025 results showing revenue of approximately USD6.0 million, a six-fold increase from USD1.0 million in Q2 2024, and a backlog of USD22.8 million. The company reported a strengthened financial position with cash and cash equivalents exceeding USD67.0 million, up from USD30.0 million at year-end 2024, and reduced convertible notes to USD5.4 million from USD46.2 million. Ondas reaffirmed its 2025 revenue guidance of at least USD25 million, with USD20 million expected from OAS, though the unaudited preliminary results are subject to finalization in August 2025. 

As per the above-mentioned price action, recent key business and financial updates, momentum in the stock over the last month, and technical indicators analysis, a ‘WATCH’ rating has been given to Ondas Holdings Inc. (NASDAQ: ONDS) at the current market price of USD 2.29, as of July 15, 2025, at 09:20 am PDT. 

Individuals can evaluate the stock based on the support and resistance levels provided in the report in case of keen interest taking into consideration the risk-reward scenario. 

Markets are trading in a highly volatile zone currently due to certain macro-economic issues and prevailing geopolitical tensions. Therefore, it is prudent to follow a cautious approach while investing.

Related Risk: This report may be looked at from a high-risk perspective and a recommendation is provided for a short duration. This report is solely based on technical parameters, and the fundamental performance of the stocks has not been considered in the decision-making process. Other factors which could impact the stock prices include market risks, regulatory risks, interest rates risks, currency risks, social and political instability risks etc. 

Note 1: Past performance is not a reliable indicator of future performance.

Note 2: The reference date for all price data, currency, technical indicators, support, and resistance level is July 15, 2025. The reference data in this report has been partly sourced from REFINITIV.

Note 3: Investment decisions should be made depending on an individual's appetite for upside potential, risks, holding duration, and any previous holdings. An 'Exit' from the stock can be considered if the Target Price mentioned as per the Valuation and or the technical levels provided has been achieved and is subject to the factors discussed above.

Note 4: Target Price refers to a price level that the stock is expected to reach as per the relative valuation method and or technical analysis taking into consideration both short-term and long-term scenarios.

Note 5: ‘Kalkine reports are prepared based on the stock prices captured either from the New York Stock Exchange (NYSE), NASDAQ Capital Markets (NASDAQ), and or REFINITIV. Typically, all sources (NYSE, NASDAQ, or REFINITIV) may reflect stock prices with a delay which could be a lag of 15-20 minutes. There can be no assurance that future results or events will be consistent with the information provided in the report. The information is subject to change without any prior notice.