Mentioned:
Ondas Holdings has been landing new deals and partnerships at a blistering pace. And now it’s turning into a spike in revenue.
What’s happening:
- Ondas Holdings (NASDAQ: ONDS) has officially announced their most recent quarterly financial results, which saw a significant surge in total revenue
By the numbers:
- Ondas Holdings generated $4.1M USD in total revenue in their latest quarter, which represents an increase of +174% compared to their previous quarter
- Ondas Holdings also publicly stated they have currently have a $10M USD backlog of purchase orders for Ondas Autonomous Systems
- Ondas Holdings also successfully raised $35M USD in new capital during their most recent quarter to accelerate the development of their drone platforms and expand into new countries
Why it matters:
- Drone hardware and software continues to be one of the most important themes in both Silicon Valley and Wall Street, which has led to everything from OpenAI and Anduril collaborating on new artificial intelligence models for drone attacks to Gilat Satellite Networks (NASDAQ: GILT) just recently investing into a drone tracking startup
Going deeper:
- Ondas Holdings also just recently landed a new notable partnership with Palantir (NASDAQ: PLTR) which is focused on accelerating autonomous drone operations through Palantir’s Foundry platform
