$ONDS Q2 was much stronger than the stock reaction suggests. Revenue hit $83.8M, up 1,236% YoY and well above the $68M estimate.
Even more important:
>2026 revenue guidance raised to $525M-$550M;
>Backlog reached $757M;
>Q3 revenue expected at $140M-$155M.
The biggest negative I saw: adjusted EBITDA loss widened to $50.6M, worse than the $31.6M expected.
Profitability is still a long way off.
But with revenue accelerating this quickly and a massive backlog supporting future growth, I remain bullish on $ONDS.
Now management needs to execute and bring those losses down.