The $757M backlog may be the most important number in $ONDS Q2. That backlog is up more than 11x from Q4 2025, and the company is also pursuing an $11B+ pipeline. Even better, this is not just acquisition noise: -85% pro forma YoY revenue growth -33% organic sequential backlog growth To me, this is the real $ONDS story: demand is building, backlog is scaling, and the growth engine is strengthening.
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