New York, June 17, 2026, 10:10 EDT
- Our Bond shares jumped 17 cents to $1.28 in early Nasdaq trade, with volume topping 73 million shares.
- The company said it expects a U.S. government-funded contract to bring in over $3 million in annual recurring revenue after deployment, adding to repeat yearly sales.
- The stock jumped after the company secured a municipal contract across the city and swapped debt for equity. Still, the firm is losing money and warned on going-concern risk in its last quarterly report.
Shares of Our Bond Inc. opened higher Wednesday on Nasdaq after the AI-powered personal security firm said it secured a U.S. government-backed contract that’s set to bring in over $3 million in annual recurring revenue.
The stock traded at $1.28, gaining 17 cents after hitting $1.50 earlier. Volume went above 73 million shares, unusually active for a company with a market cap near $21.6 million.
Bond said the contract should boost annual recurring revenue about 30% once deployed and could eventually top $50 million. The company said it had agreed on major terms and expected to wrap up signing in the next few weeks.
Founder and CEO Doron Kempel said the contract is “a significant validation” of Bond’s strategy. He also said the deal “strengthens our revenue base.” Kempel told investors the company isn’t able to share full details for now, so there are fewer hard numbers than some might have expected. GlobeNewswire
Bond announced a city had picked up licenses for about 270,000 residents, using cash from a municipality program. The company flagged the move as a sign its B2G2C model works—governments paying for broad public access. “Cities can be an exceptionally scalable distribution channel,” Kempel said. The news hit less than a day later. GlobeNewswire
Bond moved to strengthen its balance sheet in the last two days. A filing said the company issued 366,941 Series G convertible preferred shares to Ascent Partners Fund LLC for notes totaling roughly $3.3 million. The preferred stock converts at $2.0265 per share and pays a 10% annual dividend.
Bond changed its debt deal with Eastward Fund Management LLC, lowering monthly payments to between $50,000 and $150,000 until Dec. 1. The payments go up after that, with a lump sum of about $3.9 million set for July 1, 2028. The company is also giving Eastward 250,000 common shares.
Traders say there’s a broader story. Government money going into safety and security is helping push demand. Reuters said this year Axon’s profit got a boost from government spending. Motorola Solutions moved to buy anti-drone company D-Fend Solutions for $1.5 billion this month.
The risk is clear. Bond reported Q1 revenue at $2.35 million and a net loss of $6.70 million. The company flagged ongoing losses, negative operating cash flow, and more current liabilities than current assets, saying these raise “substantial doubt” about its ability to keep operating.
Investors are waiting for signed contracts, deployment timing, and more information from Kempel’s 11:00 a.m. ET investor webinar. The company said in a Form 8-K filed Wednesday it will provide presentation slides for that meeting.
