Ondas Networks is effectively telling us that they're locking up the entire class I rail market, with the likeliness of adding their third in the 2nd quarter of this year, and five of the six by the end of the year.
Expected revenues from just networking side is expected to be 20M this year, plus an additional 3.5M in development projects.
Then there's the drone subsidiary, which is about to explode. Looking at their recent head count of 50 full time employees, I think this is an under promise over deliver scenario where fleet orders could be earlier than expected. They're the only company to date that has FAA approval for unmanned flights for commercial business, and their latest news of acquiring Ardenna gives them the leverage they need to make even more revenue with their rail agreements. Networking business with the rail industry will be huge, but each drone is 50K and pays for itself in one year. The combined revenues with the rail side alone could be enormous.
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