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Wall St Engine
@wallstengine
Fast, accurate, consistent stock market news, earnings highlights & more. By Brillinsight. Not financial advice.
ๅ‚ๅŠ  March 2022
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ONDAS $ONDS Q2โ€™26 EARNINGS HIGHLIGHTS ๐Ÿ”น Revenue: $83.8M (Est. $68M) ๐ŸŸข; +67% QoQ ๐Ÿ”น Adj. EBITDA: -$50.6M (Est. -$32M) ๐Ÿ”ด ๐Ÿ”น Adj. Gross Margin: 50.4% FY26 Guide: ๐Ÿ”น Revenue: $525M-$550M (Est. $509M) ๐ŸŸข Q3 Guide: ๐Ÿ”น Revenue: $140M-$155M (Est. $151M) ๐ŸŸก Other Q2 Metrics: ๐Ÿ”น Backlog: $613M; $757M pro forma incl. DZYNE & Cyberhawk ๐Ÿ”น New Orders: $175M in Q2, plus $105M in Q3 to date ๐Ÿ”น Adj. Gross Profit: $42.3M ๐Ÿ”น Adj. Cash Opex: $93.3M; Q1 $36.9M ๐Ÿ”น Net Loss: -$89.7M ๐Ÿ”น Cash: $1.4B Key Updates: ๐Ÿ”น Pulls forward Adj. EBITDA profitability: platform level by Q4 2026, company-wide by Q4 2027 ๐Ÿ”น Lethal Unmanned Strike: $52.9M order in July ๐Ÿ”น Army IDIQ: $982M program, over $240M of aggregate orders captured ๐Ÿ”น NASA raised Stratollite IDIQ ceiling from $45M to $395M ๐Ÿ”น Opex included $105.8M of non-cash items, incl. $67.6M stock comp Comments: ๐Ÿ”ธ โ€œWe expect to sustain this momentum and deliver another significant revenue ramp during the second half of 2026, increasing our full-year 2026 revenue target to a range of $525 million to $550 million.โ€
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