Ondas (ONDS) Sidoti Small-Cap Virtual Conference summary

Business overview and technology platforms

• Two business units: Ondas Networks (private wireless for critical infrastructure) and Ondas Autonomous Systems (OAS, autonomous drone platforms).

• Ondas Networks focuses on upgrading rail networks with proprietary IEEE 802.16-based technology, targeting automation and safety applications.

• OAS provides aerial security and intelligence via Optimus (drone-in-a-box) and Iron Drone Raider (counter-drone), serving defense, industrial, and government markets.

• Both platforms are proprietary, targeting large, high-value markets with significant demand tailwinds.

• Over $300 million invested in IP and end markets, transitioning from development to adoption and scaling.

Market adoption, customers, and growth outlook

• OAS is experiencing rapid revenue ramp, especially in the drone sector, with initial significant adoption.

• Major military customer in the Middle East secured over $15 million in orders for Optimus and Iron Drone, with multi-year expansion expected.

• Dubai Police operates the world’s most advanced drone-as-first-responder program, with eight systems deployed and plans for at least 22.

• Optimus has been deployed for perimeter security and inspection at a semiconductor facility for over six years.

• Strong government-to-government marketing and partnerships, including a new collaboration with Palantir to enhance AI and autonomy.

Financial performance and operational plans

• Raised $35 million in Q4, starting the year with $30 million in cash.

• Record revenue of $25 million expected in 2025, over 3.5x growth from 2024, with high visibility and conservative targets.

• Programs of record with direct vendor status enable turnkey solutions and field support, with at least $120 million in obtainable market from a key customer.

• Building out supply chain, production, and field services globally, starting in Israel and the U.S., with plans for Europe.

• Partnership with Palantir to scale supply chain and integrate advanced AI for autonomy and data intelligence.