Ondas Holdings Inc. provided revenue guidance for the second half and full year of 2024. For the second half, the company expects revenue visibility to improve as Ondas Networks advances systems integration efforts with the Class I railroads in the 900 MHz rail network, Optimus System inventory availability improves and Iron-Drone commercial bookings and production advance. Bookings and revenue growth are expected to fluctuate from quarter-to-quarter given the uncertainty around the timing of customer activity in front of the targeted commercial rollout for the 900 MHz rail network, the development programs underway with Siemens and MxV Rail, in addition to the timing of OAS's deliveries of the Optimus and Iron-Drone systems to the UAE, Israel and its growing roster of customers globally.

For the full year, the company expects to generate significant revenue growth, driven by growing customer activity in both business units with orders and backlog increasing in the second half of 2024.