Ondas Holdings (ONDS) Stock in Focus After Sentrycs Acquisition, Airport Defense Deal and Record Q3 2025 Earnings

Ondas Holdings Inc. (NASDAQ: ONDS) remains one of the most talked‑about small‑cap defense and drone stocks this month. After a blistering rally driven by record third‑quarter results and a flurry of acquisitions, the stock is consolidating on Wednesday, November 19, 2025, as fresh research notes highlight both its explosive growth and its continuing risks.

By mid‑afternoon, ONDS shares were trading around $7.77, down slightly on the day but still up dramatically from their 52‑week low of about $0.57, giving the company a market value just under $3 billion. ^[1]

ONDS stock today: cooling after a parabolic run

Even with today’s modest pullback, Ondas Holdings stock is still sitting on a huge 12‑month move. From a 52‑week low near $0.57 to recent trade around $7–8, ONDS has delivered a gain of well over 1,000% in a year, although it remains below its recent 52‑week high of $11.70. ^[2]

Trading volume has been elevated throughout November as investors digest:

Record Q3 2025 results
New defense and counter‑drone contracts in Europe
The closing of the Sentrycs acquisition
An Oppenheimer upgrade to “Outperform” with a $12 price target ^[3]

This combination has turned ONDS into a momentum name in both the drone and defense‑technology space.

Fresh coverage on November 19: praise with caution

Several outlets published new analysis on November 19, 2025, putting Ondas back in the spotlight and framing how the market is now thinking about the stock:

Simply Wall St: big growth, big expectations

A new note from Simply Wall St points out that ONDS is up roughly 35% since its early‑November levels following the company’s Q3 2025 earnings report. The article highlights: ^[4]

Q3 revenue jumping to $10.1 million from $1.48 million a year earlier (over 6x growth).
Net losses narrowing and loss per share improving year‑on‑year.
The investment narrative now depending on Ondas’ ability to scale its autonomous drone and wireless systems fast enough to support ambitious long‑term forecasts.

Simply Wall St also flags a key risk: repeated equity raises and high operating expenses. The piece notes that consensus projections imply very aggressive annual revenue growth through 2028, leaving little room for execution missteps if the company is to justify its current valuation.

Seeking Alpha: rating lifted from “Sell” to “Hold”

On Seeking Alpha, a contributor updated their view on Ondas from “Sell” to “Hold”, arguing that the company’s bold M&A strategy and surging revenue have materially improved the growth outlook. The article frames Ondas as an M&A‑driven roll‑up in autonomous systems and counter‑UAS (counter‑drone) technology, while still cautioning that dilution and profitability remain real concerns. ^[5]

TheStreet’s RealMoney: “another small‑cap winner”

Over on TheStreet’s RealMoney platform, Ondas is described as “another small‑cap winner”, with the “Stocks Under $10” column revisiting the name after having flagged it ahead of earnings. The piece notes improving technicals and the market’s strong reaction to Q3 numbers and deal flow, but reminds readers that ONDS is still a speculative, high‑volatility play. ^[6]

Zacks: Ondas vs. Draganfly

A fresh Zacks comparison pits Ondas Holdings (ONDS) against fellow drone stock Draganfly (DPRO), contrasting ONDS’ backlog and defense‑focused growth pipeline with DPRO’s own momentum. The takeaway: both operate in promising niches, but investors need to weigh contract visibility, balance‑sheet strength and regulatory positioning when picking a “smarter buy” in the drone sector. ^[7]

Q3 2025: record revenue and raised guidance

The foundation for November’s rally is Ondas’ record third‑quarter 2025 earnings report, released on November 13. Key highlights from the company’s press release and subsequent coverage include: ^[8]

Revenue: $10.1 million in Q3 2025
- Up more than 580% from $1.48 million in Q3 2024
- About 60% sequential growth from Q2 2025
Net loss: reduced to about $8.78 million, a 17.7% improvement versus the prior year, helped by higher interest and dividend income and gains on minority equity investments.
Adjusted EBITDA loss: widened to about $8.76 million from roughly $7.1 million, underscoring that Ondas is still investing heavily for growth.
Backlog: Ondas Autonomous Systems (OAS) reached approximately $22.2 million in backlog as of September 30, 2025.
Guidance: 2025 revenue target lifted from $25 million to at least $36 million, with a preliminary 2026 target of at least $110 million.

Management emphasized that the surge in revenue was driven primarily by deliveries of its Iron Drone Raider counter‑UAS platform, the Optimus drone system, and contributions from recent acquisitions such as Apeiro Motion. ^[9]

At the same time, Ondas highlighted its dramatically strengthened balance sheet, citing about $855 million raised in 2025 through multiple equity offerings and warrant exercises, resulting in a pro forma cash balance of roughly $840.4 million. ^[10]

Sentrycs acquisition: building a layered counter‑drone platform

The most recent strategic move came yesterday, November 18, when Ondas announced it had completed the acquisition of Sentry CS Ltd (Sentrycs), an Israel‑based specialist in Cyber‑over‑RF counter‑UAS technology. ^[11]

According to the company:

Sentrycs brings non‑jamming, protocol‑level drone detection and takeover capabilities, allowing authorities to identify, track and safely assume control of hostile drones without disrupting nearby communications.
Its systems are already deployed in around 200 installations across more than 25 countries, including defense, public safety, aviation and critical‑infrastructure sites.
Integrating Sentrycs with Iron Drone Raider and Ondas’ broader System‑of‑Systems architecture is intended to create one of the most comprehensive, layered counter‑UAS offerings in the market – combining cyber takeover, kinetic interception, sensor fusion and AI‑driven command-and-control.

This acquisition directly supports Ondas’ strategy to turn Ondas Autonomous Systems into a multi‑domain defense technology platform spanning air, ground and sensing capabilities for U.S. and allied customers.

$8.2 million European airport contract boosts Iron Drone Raider

On November 17, Ondas announced an $8.2 million purchase order from a major European security agency to deploy multiple Iron Drone Raider systems at one of Europe’s largest international airports. ^[12]

Key details from the deal:

The contract will see Ondas’ Airobotics subsidiary act as prime contractor, handling integration, installation and operational readiness around the airport perimeter.
The company framed the order as part of a record year for bookings and revenue and as validation of Iron Drone Raider’s ability to address real‑world incidents where rogue drones have forced flight suspensions and caused economic disruption.
Management argues that traditional detection‑only setups are no longer sufficient; airports and critical infrastructure need autonomous interception capabilities like Raider to close the security gap.

The contract also provides high‑profile proof‑of‑concept for Ondas’ vision of 24/7 autonomous airspace protection, which may help support future deals with other airports and national security customers.

Wåsp combat drones: 500‑unit order positions Ondas in attritable U.S. defense drones

Another key pillar of the Ondas story is its partnership with Rift Dynamics and the Wåsp attritable FPV drone platform.

Ondas previously disclosed that American Robotics, its subsidiary, secured exclusive U.S. distribution rights for Wåsp and placed an initial order for 500 drones to support the platform’s launch in the U.S. defense market. ^[13]
A detailed October article on CoinCentral reported that Ondas shares spiked about 26% to $9.20 after the company confirmed this 500‑drone order, with production scheduled to ramp into Q4 2025 via a U.S. manufacturing partner. ^[14]

The Wåsp drones are described as combat‑ready, modular and designed for mass deployment, aligning with U.S. defense requirements for low‑cost, high‑volume unmanned systems that can be produced at scale.

Combined with Iron Drone Raider and now Sentrycs, the Wåsp deal strengthens Ondas’ positioning as a central player in attritable attack drones, counter‑UAS, and autonomous perimeter defense.

Capital raises and strategic investments: huge war chest, dilution risk

To fund its rapid expansion, Ondas has aggressively tapped equity markets:

In October, the company announced that it had priced and then closed a $425 million offering of common stock and warrants, intended to bankroll corporate development, acquisitions and strategic growth initiatives. ^[15]
Across 2025, Ondas reports raising about $855 million via four equity offerings plus warrant and option exercises, dramatically transforming its balance sheet. ^[16]

The company is also deploying capital via:

A strategic equity investment of around $14 million in Safe Pro Group tied to AI‑enhanced defense solutions. ^[17]
The creation of Ondas Capital, which plans to deploy $150 million to help bring combat‑proven Ukrainian unmanned and autonomous technologies to U.S. and European markets. ^[18]

While these moves give Ondas one of the strongest cash positions in its peer group, they also underline why many analysts and investors keep stressing dilution risk. As Simply Wall St and others point out, future returns for existing shareholders will depend heavily on management converting this capital and M&A spree into sustainable, profitable growth. ^[19]

Governance update: special shareholder meeting postponed to November 25

In governance news, Ondas announced on November 17 that it has postponed its Special Meeting of Stockholders to November 25, 2025, at 10:00 a.m. Eastern Time. The meeting will still be held at the company’s Boston headquarters at One Marina Park Drive. ^[20]

According to the company’s statement:

Proxies already submitted remain valid for the new date unless revoked.
Shareholders who have already voted do not need to take further action.

The move gives investors a little more time to review the proposals on the ballot—likely related to capital structure and strategic initiatives, given the size of Ondas’ recent funding and M&A program.

Analyst sentiment: Oppenheimer upgrade and debate over valuation

Following Q3 results, Oppenheimer upgraded Ondas Holdings to “Outperform” from “Perform” and set a $12 price target, implying meaningful upside from current levels. The firm cited: ^[21]

The sharp acceleration in revenue.
Growing backlog in autonomous defense and security systems.
The strengthened balance sheet and expanded product portfolio.

At the same time, other analysts and platforms stress that Ondas remains unprofitable, with adjusted EBITDA and net losses still substantial, and that the company’s multi‑year revenue targets require very rapid growth to be met. ^[22]

In short, Wall Street sees a high‑potential, high‑risk name:

Bull case: Ondas becomes a leading provider of autonomous defense and critical‑infrastructure protection systems with a global footprint and recurring revenue.
Bear case: integration challenges, procurement delays, and continued equity issuance erode shareholder value before the business reaches sustainable profitability.

What to watch next for ONDS stock

Looking beyond today’s headlines, several near‑term catalysts could move Ondas Holdings stock:

Integration of Sentrycs and early joint deployments combining cyber takeover and Iron Drone Raider interception. ^[23]
Execution on the $8.2 million European airport contract and potential follow‑on airport or border‑security deals. ^[24]
Progress on Wåsp drone production and deliveries for U.S. defense customers starting in Q4 2025. ^[25]
Outcomes from the November 25 special shareholder meeting, including any approvals tied to capital structure, acquisitions or incentive plans. ^[26]
Updates on rail‑network deployments of Ondas Networks’ IEEE 802.16t (“dot16”) platform, which could open a multi‑year upgrade cycle across North American rail infrastructure. ^[27]

Bottom line

As of November 19, 2025, Ondas Holdings (NASDAQ: ONDS) sits at the intersection of several powerful themes: autonomous defense, counter‑drone security, mission‑critical wireless connectivity and AI‑enabled sensing. Record Q3 revenue, a slate of strategic acquisitions and marquee contracts have transformed the company’s profile in just a few quarters.

At the same time, the investment case is far from risk‑free. Ondas is still losing money, is in the midst of integrating multiple acquired businesses, and has relied heavily on equity issuance to finance its ambitions. How well management converts today’s war chest and backlog into durable, profitable growth will likely determine whether ONDS’ recent rally marks the start of a long‑term uptrend or the top of a speculative wave.

For now, Ondas remains a high‑beta, high‑story stock: one that growth‑oriented investors will watch closely—and risk‑averse investors may prefer to observe from the sidelines.

Disclosure: This article is for informational purposes only and does not constitute investment advice or a recommendation to buy or sell any security. Always do your own research and consider your financial situation and risk tolerance before making investment decisions.

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