Revenue Soars 1065%! Palantir-backed drone company Ondas shares surge 26%

``` Ondas Holdings dazzled the market with a quarterly earnings report that far exceeded expectations. The provider of AI-driven autonomous drone systems saw its shares surge more than 26% on Thursday, buoyed by a triple boost of revenue growth exceeding tenfold year-over-year, a surge in order backlog, and an upward revision of full-year guidance. On Thursday before the U.S. market opened, Ondas announced its first-quarter results, with revenue reaching $50.1 million, up 1,065% year-over-year and vastly exceeding Wall Street’s estimate of $39.4 million. The company subsequently raised its full-year revenue guidance from $375 million to $390 million, above analysts’ previous forecast of $379.1 million. In terms of share price, Ondas closed up about 27% on Thursday to $11.21, after falling 2% to $8.86 the previous day. Its strategic partner Palantir also rose 2.8% on the same day. Revenue Surge Driven by Backlog Orders Leads to Raised Guidance The strong growth in Ondas’s quarterly revenue mainly stemmed from the comprehensive performance of its business portfolio, with the counter-drone systems segment standing out. The company raised its full-year revenue guidance to $390 million, which, if achieved, would represent about 670% growth compared to full-year 2025 revenue. The core reason supporting this upward revision is the substantial expansion of the company’s order backlog—reaching $457 million to date, a 569% increase from $68.3 million at the end of 2025. Ondas CEO Eric Brock stated in the earnings release: “We believe Ondas is well positioned for the remainder of 2026 and beyond.” He added, “Recent global developments continue to highlight the urgency of accelerating the adoption of our solutions, further reinforcing our long-term rationale and validating the strategic actions we’ve taken to position the company for decades of growth.” Profitability Still Under Pressure, Losses May Be Peaking Despite the impressive revenue performance, Ondas is still some distance from profitability. Adjusted EBITDA loss for the first quarter was $10.9 million, up from $7.5 million a year ago; operating expenses surged 470% to $67.3 million due to multiple acquisitions. However, the magnitude of loss was significantly better than analysts’ expected loss of $19.6 million (according to FactSet data). Looking ahead to the second quarter, the company expects adjusted EBITDA loss to remain elevated but also indicated that the second-quarter loss is “expected to represent a possible peak,” and that it will gradually improve as revenue and gross profit grow and economies of scale kick in. In terms of stock performance, Ondas has risen about 15% so far this year and soared 1,209% over the past 12 months. However, the stock still sits about 43% below its all-time closing high of $19.50 set on December 23, 2019. Palantir Strategic Backing, Autonomous Systems as Growth Engine Ondas’s partnership with Palantir adds significant credibility to its business outlook. On March 11 this year, the two companies announced a strategic partnership to integrate Palantir’s Foundry product into Ondas’s global autonomous drone platform. Headquartered in West Palm Beach, Florida, Ondas focuses on providing AI-powered autonomous drone systems. The company stated that future revenue growth will mainly be driven by its autonomous systems business. Risk Disclaimer The market involves risks; investment requires caution. This article does not constitute personal investment advice and has not taken into account any specific investment objectives, financial situations, or needs of individual users. Users should consider whether any opinions, views, or conclusions in this article are suitable for their circumstances. Investment based on this is at your own risk. ```