Rate Of Return$Ondas(ONDS.US) just released its preliminary results for Q4 2025 / FY 2025, with its earnings per share taking an expected hit due to non-cash expenses from the OAS exchange.
But don't be fooled by the FY 2025 loss per share of $(0.62). While it appears flat compared to the FY 2024 loss of ($0.61), the efficiency is far from the same.
In FY 2024, $Ondas(ONDS.US) lost $5 for every $1 earned, with revenue of $7.2 million and a loss of $38 million.
In FY 2025, they have narrowed this gap to nearly 1:1, losing $53 million while generating over $50 million in revenue, and also building a world-class defense product portfolio.
The company has $1.5 billion in cash, with FY 2026 revenue expectations exceeding $375 million, marking the official end of the "cash burn" phase.
The "scaling" phase has begun 🚀
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