NEW YORK, March 25, 2026, 07:06 EDT
- Stock slipped roughly 1.9% premarket to $10.68 on Wednesday, giving back part of Monday’s 8.35% surge.
- Ondas posted $50.7 million in revenue for 2025 and bumped up its 2026 revenue target to no less than $375 million.
- The company has struck a deal to acquire World View for as much as $150 million, with most of that paid in stock.
Ondas Inc dropped roughly 1.9% in premarket trade Wednesday, pulling back after Monday’s 8.35% surge. Investors took a hard look at the autonomous-systems firm’s ambitious 2026 revenue goal and a final earnings report that revealed an even deeper loss. Shares most recently pointed to $10.68.
Ondas on Monday reported a jump in 2025 revenue to $50.7 million, a sharp increase from $7.2 million the previous year. Fourth-quarter revenue came in at $30.1 million. The company lifted its 2026 revenue target, now expecting at least $375 million—more than twice its January forecast—and projected first-quarter revenue between $38 million and $40 million.
The company is pitching investors on a sharp leap: scaling revenue from $50.7 million up to at least $375 million this year, fueled by acquisitions. Ondas has signed a deal to acquire World View for as much as $150 million, with most of that payment in stock, extending its reach into the intelligence, surveillance and reconnaissance (ISR) sector.
Ondas wrapped up 2025 holding $594.4 million between cash, cash equivalents, and restricted cash. The company also pointed to roughly $960 million in net proceeds coming in January. Backlog at its autonomous systems business climbed to $68.3 million, a solid jump from $20.3 million the quarter before.
But the loss got bigger. Ondas reported a full-year net loss of $133.4 million, up from $38 million, after taking an $82.2 million non-cash charge linked to warrants issued during an October equity raise — those are securities that allow holders to buy shares down the line. The company said final numbers came in different from earlier preliminary results.
Chief Executive Eric Brock said the company stepped into 2026 with “strong momentum, expanding backlog.” Over at Ondas Autonomous Systems, co-chief executive Oshri Lugassy pointed to a “significantly expanded backlog” by year-end, as orders climbed for drones, counter-UAS systems that detect and neutralize hostile drones, and robotics. Nasdaq
Ondas said World View has logged over 140 stratospheric flight operations to date. According to an SEC filing, the deal should wrap up in the second quarter, pending stockholder approval and other usual hurdles. World View CEO Ryan Hartman expects joining Ondas will “accelerate our growth trajectory.” Ondas Inc.
Ondas is pushing further into a space occupied by AeroVironment, known for its autonomous and counter-drone tech, and Red Cat, whose gear finds its way into defense and public-safety circles. The company describes its own operations as spanning autonomous systems and private wireless.
Risks remain front and center. The World View agreement still hinges on shareholder approval and other closing hurdles. Ondas flagged a wider first-quarter loss, excluding certain items, as it ramps up spending on leadership, marketing, and scaling efforts. Revenue at Ondas Networks, meanwhile, is expected to stay limited, with rail clients holding back on firm buildout commitments.
