ONDS · Ondas Inc.

온다스, 아란 디펜스 3,300만달러에 인수…선행 매출 1.3배 주목

센트컴, 중동 다국적 공격 드론 태스크포스 창설

온다스, 2026년 매출 5억2,500만~5억5,000만 달러 목표…운영 플랫폼 수익성 달성 시점 2026년 4분기로 앞당겨

온다스, 매출 13배 성장에도 주가 하락…손실과 가이던스가 보여주는 점

온다스, 2분기 실적 엇갈려… FY26 전망 상향

우크라이나가 미 육군에 던진 드론전 경고음

온다스, 방산 주문 쇄도 속 2분기 실적 발표 앞둬…주목할 점은

온다스, 이스라엘 방산 수백만 달러 입찰 수주…주가 랠리에 추가 동력

온다스 주가, 사이버호크 인수 완료에 급등…앞으로의 전망은?

온다스 센트릭스, 이번 NFL 시즌 잭슨빌 재규어스 경기 보호 기술로 선정

온다스, 실행 국면 진입

• Q2 revenue surged nearly 13-fold to $83.8 million, while pro forma organic growth remained exceptionally strong at approximately 85%.
• Pro forma backlog reached $757 million, supported by $175 million of Q2 orders and another $105 million entering Q3.
• Reaching the $537.5 million guidance midpoint requires approximately $256 million of Q4 revenue, implying roughly 74% sequential growth.
• Adjusted EBITDA loss widened to $50.6 million as cash operating expenses reached $93 million, making operating leverage the critical test.
• Shares outstanding increased roughly 50% to 570.6 million, raising the hurdle for translating rapid corporate growth into per-share returns.

Ondas: 성장은 현실이지만 리스크도 현실

• Ondas Inc. delivered record Q2 revenue, raised guidance, and demonstrated 85% organic growth, yet shares remain flat amid high short interest.
• ONDS’s backlog surged to $757 million, with a two-year pipeline exceeding $11 billion, validating its acquisition-driven growth strategy and operational execution.
• Significant warrant liability and dilution risk, alongside declining margins and ongoing cash burn until Q4 2027, weigh on the stock’s valuation.
• I maintain a Strong Buy rating on ONDS, viewing its 6.8x FY26 EV/guidance as attractive despite overhangs from warrants and integration risks.

온다스: 인수 부담 완화 전망에 투자의견 상향

• Ondas trades at yearly lows, partly due to market confusion and disappointment around a long string of acquisitions.
• The counter-drone and robotics company is now guiding to 30%+ organic growth with revenues topping $525 million this year.
• Ondas isn't helping shareholders with aggressive acquisitions and will need to pull back from more deals in order to convince the market the plan is working.
• The stock trades at only 5x '27 revenue targets while the pro forma cash balance still tops $1 billion for a $5 billion market cap.

Ondas: 자율 방위의 미래를 겨냥한 ‘시스템 오브 시스템즈’ 투자

• Ondas Holdings is rated Buy, driven by triple-digit revenue growth, a $1.4B cash position, and a forward P/S of 9.3x–9.7x.
• ONDS targets $525M–$550M 2026 revenue, with a robust $11B+ pipeline and management aiming for $1.5B revenue by 2030, possibly sooner.
• The integrated 'system-of-systems' approach and Palantir partnership differentiate ONDS in the rapidly expanding counter-UAS and autonomous systems market.
• Risks include complex integration, margin pressure, delayed EBITDA breakeven (Q4 2027), and high short interest, but current levels offer asymmetric upside for risk-tolerant investors.

온다스 홀딩스: 성장 스토리는 매력적이지만 아직 수익성 계산은 맞지 않는다

• Ondas delivered a huge second quarter. Revenue rose more than thirteen times from a year ago, while pro forma backlog reached $757 million.
• The opportunity is real. Ondas has meaningful defense orders, exposure to a major United States drone procurement cycle, and a much broader product lineup after several acquisitions.
• My concern is what all of that growth will be worth per share. The share count has climbed quickly, adjusted EBITDA losses widened, and another 45 million DZYNE shares are due in Jan. 2027.
• I rate ONDS a Hold with a value of $9.50. I would become more interested near $7, or after Ondas proves that revenue can grow much faster than operating costs.