Ondas Holdings Inc. reported a record second quarter revenue of $6.3 million in 2025, marking a six-fold increase year-over-year and a 50% growth quarter-over-quarter. The company ended the quarter with $68.6 million in cash, supporting its growth plans. The backlog at the end of Q2 2025 was $22.0 million, with expectations for new orders in Europe, the Middle East, and the United States in the second half of 2025. Ondas Autonomous Systems (OAS) generated approximately $6.1 million in revenue during this quarter, driven by substantial demand for its Optimus and Iron Drone platforms, resulting in a backlog increase to $20.7 million. The company secured significant contracts, including a $14.3 million order from a defense customer for the Optimus drone system and a $3.8 million follow-on order from the Government of Dubai for the Optimus drone network. Ondas Networks continued to gain traction with its dot16 technology, selected by the Association of American Railroads for the Next-Generation Head-of-Train/End-of-Train system, and completed successful field trials with multiple Class 1 railroads. Financially, the company's gross profit rose to $3.3 million from a loss of $0.2 million in the same quarter last year, achieving a gross margin of 53%. Operating expenses increased to $12.6 million, primarily due to higher human resource costs. The net loss for the quarter was $10.8 million, compared to $8.3 million in the previous year. Ondas maintains a revenue target of at least $25 million for 2025, with OAS expected to generate over $20 million in revenue.