$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.
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