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VWAV

VisionWave Holdings, Inc.

VWAV

VisionWave Holdings, Inc. • NASDAQ
$9.65 ▼ -3.98% (-0.40)
Market Cap $144.72 M
52w High $14.05
52w Low $2.06
Dividend Yield 0%
P/E 0
Volume 151.86K
Outstanding Shares 15.00M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q2-2025 $0 $340.625K ▼ $-434.294K ▼ 0% $-0.03 ▲ $-354.519K ▲
Q1-2025 $0 $455.53K ▲ $-427.465K ▼ 0% $-0.15 ▼ $-420.716K ▼
Q4-2024 $0 $203.724K ▼ $-203.724K ▼ 0% $-0.014 ▲ $-203.724K ▼
Q3-2024 $0 $248.848K ▼ $-154.697K ▼ 0% $-0.04 ▼ $-70.764K ▲
Q2-2024 $0 $348.402K $-153.104K 0% $-0.037 $-144.278K

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q2-2025 $885 ▼ $1.173M ▲ $7.516M ▲ $-6.342M ▼
Q1-2025 $19.189K ▼ $1.171M ▲ $6.097M ▲ $-4.926M ▼
Q4-2024 $111.433K ▼ $121.433K ▼ $396.276K ▼ $-274.843K ▲
Q3-2024 $271.833K ▲ $3.94M ▼ $5.304M ▲ $-1.364M ▼
Q2-2024 $29.694K $17.411M $4.692M $12.719M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q2-2025 $-434.294K ▼ $-40.616K ▲ $-14.95K ▼ $37.262K ▲ $-18.304K ▼ $-40.62K ▲
Q1-2025 $-427.465K ▲ $-204.706K ▲ $2.63M ▲ $-2.416M ▼ $9.435K ▲ $-204.71K ▲
Q4-2024 $-534.516K ▼ $-276.476K ▼ $-48.713K ▼ $63.11K ▲ $-262.079K ▼ $-276.48K ▼
Q3-2024 $-154.697K ▼ $-165.967K ▼ $13.89M ▼ $-13.482M ▲ $242.139K ▲ $-165.97K ▼
Q1-2024 $-28.219K $-162.171K $15.382M $-15.089M $129.903K $-162.17K

Five-Year Company Overview

Income Statement

Income Statement VisionWave is essentially pre‑revenue at this point. The history shown is more about small gains or losses per share than about a running business. There is no meaningful sales or gross profit yet, so the income statement tells a story of a company still in development mode, investing ahead of any real commercial scale. That means future results will likely look very different once contracts, production, and service revenues begin, but right now the financial track record is thin and mostly reflects start‑up costs rather than an operating defense contractor.

Balance Sheet

Balance Sheet The balance sheet is very light, with modest assets and equity and no reported debt. That suggests a clean capital structure but also a limited financial cushion to absorb delays, cost overruns, or contract slippage. As a SPAC-related company, much of the future balance sheet strength will depend on how much cash the listing ultimately brings in and how it is used. Overall, the company starts from a lean, relatively simple financial base, which can be both a strength (low leverage) and a risk (limited resources) in a capital‑intensive, slow‑paying defense market.

Cash Flow

Cash Flow Reported cash flow data are essentially blank, which usually indicates that historical cash movements are either minimal or not yet very meaningful for analysis. In practice, a pre‑revenue defense tech developer almost certainly burns cash on engineering, prototypes, and personnel while waiting for contracts and milestone payments. That implies reliance on outside funding—equity, SPAC proceeds, or future financing—to cover operations until projects begin to generate steady inflows. The key unknown is how quickly the company can convert its technology into paying programs that stabilize cash usage.

Competitive Edge

Competitive Edge VisionWave is trying to carve out a focused niche in defense AI, especially in edge computing and radio‑frequency sensing, rather than competing head‑on across the whole data‑analytics landscape. Its positioning emphasizes systems that can make decisions locally in harsh, bandwidth‑limited environments and see through obstacles using RF imaging. This is differentiated, but the firm is still small compared with larger, established defense and AI contractors that already have deep customer relationships and long histories with government buyers. The company’s ability to secure and execute on a few anchor contracts will be central to proving that its specialized approach can stand up in a crowded and conservative procurement environment.

Innovation and R&D

Innovation and R&D Innovation is the clear centerpiece of VisionWave’s story. The Evolved Intelligence platform, Vision‑RF imaging, WaveStrike fire‑control system, and Radio Wave Finder concept together point to a strategy of building a defensible technology stack supported by patents. The focus on embedding AI directly into drones, weapon stations, and active protection systems aligns well with where modern defense spending is headed. The company is also looking to grow through targeted deals, such as the planned acquisition of Solar Drone, to broaden its capabilities. The main execution risks are common for early‑stage defense tech: long testing cycles, strict regulatory and security requirements, and the need to demonstrate reliability in real‑world field trials before large orders follow.

Summary

Overall, VisionWave today looks more like an ambitious defense‑tech development platform than a mature operating company. The financials show almost no revenue, a slim but clean balance sheet, and likely ongoing cash burn as technology is built out. On the strategic side, the firm is aiming at fast‑growing pockets of the defense market—autonomy, counter‑drone systems, and RF‑based sensing—where its patents and platforms could provide a real edge. The big swing factors are execution and contract wins: whether it can translate its promising AI and RF innovations into validated systems, secure multi‑year defense and security programs, and manage the cash runway during that transition from R&D heavy start‑up to revenue‑generating defense supplier.

NEWS

November 26, 2025 · 8:30 AM UTC

VisionWave Advances European Growth Plans on the Back of Solar Drone's DB InfraGO AG PoC Success

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November 24, 2025 · 8:30 AM UTC

Solar Drone Executive Travels to Greece for Technical Discussions on Wildfire-Mitigation and Grid-Maintenance Drone Solutions

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November 20, 2025 · 8:30 AM UTC

VisionWave Assembles Full Multidisciplinary Due-Diligence Team for Solar Drone Acquisition; Enters Final Due Diligence for Proposed Solar Drone Acquisition; Intends to Explore Vision-RF Integration if Deal Closes

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November 17, 2025 · 8:30 AM UTC

VisionWave Expands IP Portfolio and Files Patent for WaveStrike — RF Computer-Vision Fire-Control Built for Real-World Combat Environments

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November 13, 2025 · 8:30 AM UTC

VisionWave Enters LOI to Acquire BladeRanger Subsidiary, Expanding AI-Driven Drone Capabilities for Security, Infrastructure, and Emergency Response

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