Ondas (ONDS) vs. AVAV and RCAT: Can Its Expanding Defense Platform Turn Backlog Growth Into Sustainable Profits?

Is ONDS a good stock to buy? We came across a bullish thesis on Ondas Inc. on RA Capital’s Substack by The Analyst’s Journal. Since the thesis was published on June 15^th, ONDS shares have pulled back as acquisition-related dilution and widening losses heightened execution concerns, leaving investors waiting for proof that its large backlog can translate into profitable growth. In this article, we will summarize the bulls’ thesis on ONDS. Ondas Inc.’s share was trading at $6.88 as of...