Independent research on the U.S. markets, Baptista Research

Baptista Research

Independent research on the U.S. markets

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

Equity Bottom-Up

<ul><li>Ondas has taken another major step in expanding its autonomous defense platform through the acquisition of Israel-based GATE Technologies and affiliated Bron Technologies for $205 million.</li><li>The transaction comes as Ondas aggressively scales its exposure to Precision Strike, Counter-UAS, persistent intelligence, and autonomous defense systems under its broader One Ondas strategy.</li><li>GATE manufactures Electronic Safe & Arm Devices, or ESADs, and advanced electronic fuzing systems used in UAVs, loitering munitions, missiles, and rockets, while Bron adds manufacturing capacity in Poland and access to European defense customers.</li></ul>

Ondas has taken another major step in expanding its autonomous defense platform through the acquisition of Israel-based GATE Technologies and affiliated Bron Technologies for $205 million.The transaction comes as Ondas aggressively scales its exposure to Precision Strike, Counter-UAS, persistent intelligence, and autonomous defense systems under its broader One Ondas strategy.GATE manufactures Electronic Safe & Arm Devices, or ESADs, and advanced electronic fuzing systems used in UAVs, loitering munitions, missiles, and rockets, while Bron adds manufacturing capacity in Poland and access to European defense customers.

Ondas Buyout Move: Inside The $205 Million Defense Expansion!

<ul><li>Ondas Inc. reported record second-quarter revenue of approximately $83.8 million, reflecting a growth of over 13 times compared to the same period in the previous year and a 67% sequential increase from the first quarter of 2026.</li><li>This growth was driven by strong organic expansion—about 85% pro forma year-over-year growth assuming the full-year ownership of its current portfolio—and bolstered by recent acquisitions, particularly DZYNE and Cyberhawk.</li><li>The company’s pro forma backlog stood at $757 million at the end of June 2026, marking a 66% sequential increase and supported by more than $100 million in new orders in the third quarter to date.</li></ul>

Ondas Inc. reported record second-quarter revenue of approximately $83.8 million, reflecting a growth of over 13 times compared to the same period in the previous year and a 67% sequential increase from the first quarter of 2026.This growth was driven by strong organic expansion—about 85% pro forma year-over-year growth assuming the full-year ownership of its current portfolio—and bolstered by recent acquisitions, particularly DZYNE and Cyberhawk.The company’s pro forma backlog stood at $757 million at the end of June 2026, marking a 66% sequential increase and supported by more than $100 million in new orders in the third quarter to date.

Ondas’ Hidden Inflection: Revenue Jumps 13x As Backlog Surges 66%!

<ul><li>Ondas Inc. has moved deeper into autonomous defense with its announced acquisition of DZYNE Technologies, a cash-and-stock transaction valued at about $875.8 million.</li><li>The deal structure includes $200 million in cash and roughly 85 million Ondas shares valued near $675 million, with more than half of the equity consideration subject to a six-month lock-up and DZYNE shareholders, led by Highlander, owning about 13.8% of the company.</li><li>The transaction follows Ondas’ recent purchases of World View, Mistral, Omnisys, and other defense-tech assets, and raises management’s 2026 revenue target to more than $525 million from $390 million.</li></ul>

Ondas Inc. has moved deeper into autonomous defense with its announced acquisition of DZYNE Technologies, a cash-and-stock transaction valued at about $875.8 million.The deal structure includes $200 million in cash and roughly 85 million Ondas shares valued near $675 million, with more than half of the equity consideration subject to a six-month lock-up and DZYNE shareholders, led by Highlander, owning about 13.8% of the company.The transaction follows Ondas’ recent purchases of World View, Mistral, Omnisys, and other defense-tech assets, and raises management’s 2026 revenue target to more than $525 million from $390 million.

Ondas Takeover Twist: Why DZYNE Could Supercharge Its Autonomous Defense Push!

<ul><li>Ondas Inc. reported significant progress in the first quarter of 2026, underpinned by its Core + Strategic Growth strategy aimed at building a global multi-domain autonomous systems platform.</li><li>The company generated $50.1 million in revenue, representing a tenfold year-over-year increase and 25% above the high end of its prior guidance.</li><li>This quarterly revenue alone was approximately equal to that of the entire 2025 fiscal year, reflecting rapid scaling driven primarily by strong demand in counter-drone, defense-related markets, and contributions from acquisitions such as BIRD Aerosystems, World View, and Mistral.</li></ul>

Ondas Inc. reported significant progress in the first quarter of 2026, underpinned by its Core + Strategic Growth strategy aimed at building a global multi-domain autonomous systems platform.The company generated $50.1 million in revenue, representing a tenfold year-over-year increase and 25% above the high end of its prior guidance.This quarterly revenue alone was approximately equal to that of the entire 2025 fiscal year, reflecting rapid scaling driven primarily by strong demand in counter-drone, defense-related markets, and contributions from acquisitions such as BIRD Aerosystems, World View, and Mistral.

Ondas’ Tenfold Revenue Surge Puts Counter-Drone Demand In Focus!

Smartkarma AI Primers, Smartkarma

αSK Primers

Smartkarma AI Primers

Smartkarma

Smartkarma unites the fragmented investment industry, connecting institutional investors, independent research providers, and corporates within a single network.

Research Reinvented

<ul>
  <li>Ondas Holdings is aggressively transitioning from a niche industrial wireless provider to a comprehensive defense technology operator, driven by strategic acquisitions and a focus on autonomous systems.</li>
  <li>The company is experiencing hyper-growth in revenue, primarily from its Ondas Autonomous Systems (OAS) segment, and is targeting continued expansion in the defense, security, and critical infrastructure markets.</li>
  <li>While positioned in high-growth sectors like autonomous warfare and AI-driven defense, the company remains unprofitable, faces significant execution and integration risks, and its valuation is highly sensitive to market sentiment and contract wins.</li>
</ul><p><em>This content is AI-generated and displayed for general informational purposes only. Please verify independently before use.</em></p>


  Ondas Holdings is aggressively transitioning from a niche industrial wireless provider to a comprehensive defense technology operator, driven by strategic acquisitions and a focus on autonomous systems.
  The company is experiencing hyper-growth in revenue, primarily from its Ondas Autonomous Systems (OAS) segment, and is targeting continued expansion in the defense, security, and critical infrastructure markets.
  While positioned in high-growth sectors like autonomous warfare and AI-driven defense, the company remains unprofitable, faces significant execution and integration risks, and its valuation is highly sensitive to market sentiment and contract wins.
This content is AI-generated and displayed for general informational purposes only. Please verify independently before use.

Primer: Ondas Holdings Inc (ONDS US) - May 2026

United States

Ondas Holdings, Inc. operates as a holding company. The Company, through its subsidiaries, designs and manufactures software defined radio platform for mission critical IoT applications. Ondas Holdings serves customers worldwide.

Price Gauge
52-week Range	0.00 - 0.00
Market Cap (USDm)	0.00
P/E	0.00
Dividend (Yield)	0.00

Ondas Holdings Inc (ONDS US)

Ondas Buyout Move: Inside The $205 Million Defense Expansion!

Ondas has taken another major step in expanding its autonomous defense platform through the acquisition of Israel-based GATE Technologies and...

Baptista Research

Ondas’ Hidden Inflection: Revenue Jumps 13x As Backlog Surges 66%!

Ondas Inc. reported record second-quarter revenue of approximately $83.8 million, reflecting a growth of over 13 times compared to the same period...

Baptista Research

Ondas Takeover Twist: Why DZYNE Could Supercharge Its Autonomous Defense Push!

Ondas Inc. has moved deeper into autonomous defense with its announced acquisition of DZYNE Technologies, a cash-and-stock transaction valued at...

Baptista Research

Ondas’ Tenfold Revenue Surge Puts Counter-Drone Demand In Focus!

Ondas Inc. reported significant progress in the first quarter of 2026, underpinned by its Core + Strategic Growth strategy aimed at building a...

Baptista Research

Primer: Ondas Holdings Inc (ONDS US) - May 2026

Ondas Holdings is aggressively transitioning from a niche industrial wireless provider to a comprehensive defense technology operator, driven by...

αSK Primers

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)