Shay Boloor(@StockSavvyShay):$ONDS has spent last 18 months buying its way toward becoming a defense prime through ~20 acquisitions while raising ~$2B in equity that pushed its share count from ~100M to over 500M. That's obviously massive dilution but revenue per share has still increased ~12x which is awesome considering how aggressively management has financed its expansion through equity. The question now is whether Ondas can turn all that acquired revenue into organic growth and eventually 20%+ EBITDA margins because that's what will ultimately determine whether the dilution actually created value.

2026.10.20 13:01

$ONDS has spent last 18 months buying its way toward becoming a defense prime through ~20 acquisitions while raising ~$2B in equity that pushed its share count from ~100M to over 500M. That's obviously massive dilution but revenue per share has still increased ~12x which is awesome considering how aggressively management has financed its expansion through equity. The question now is whether Ondas can turn all that acquired revenue into organic growth and eventually 20%+ EBITDA margins because that's what will ultimately determine whether the dilution actually created value.