New York, Jan 16, 2026, 10:06 (EST) — Regular session
- Shares jumped 4.4% as Ondas raised its 2026 revenue forecast and hinted at stronger sales in 2025
- The company reported a year-end backlog of $65.3 million and said pro-forma cash stood above $1.5 billion
- A regulatory filing revealed the company officially changed its legal name to Ondas Inc, effective January 16
Shares of Ondas Holdings Inc jumped in morning trading Friday following the drone and private wireless company’s boost to its 2026 revenue forecast. The firm also unveiled preliminary 2025 revenue numbers ahead of its investor presentation.
This update is crucial as the company works to persuade investors that its defense-and-security contracts can generate steady revenue, rather than just one-time wins. Setting a higher bar matters especially now, with traders hunting for clues in smaller autonomous-systems firms that can react sharply to fresh data.
Timing plays a role too. Ondas is holding an investor day this Friday, and markets usually respond swiftly to any changes in guidance once management starts speaking.
Ondas raised its 2026 revenue forecast to a range of $170 million to $180 million, up from the previous $140 million target. For 2025, it now expects revenue between $47.6 million and $49.6 million, with fourth-quarter revenue projected at $27.0 million to $29.0 million. The company also reported a year-end backlog of $65.3 million and highlighted a pro-forma cash balance exceeding $1.5 billion.
Backlog refers to the value of orders that have been secured but haven’t yet shown up as revenue. “Pro-forma” cash adjusts the company’s cash total as if recent deals were completed by year-end.
In a separate filing, the company confirmed it officially switched its name from Ondas Holdings Inc. to Ondas Inc. last Friday and revised its governance documents accordingly.
The stock climbed 4.4% to $13.39, having reached a peak of $14.20 earlier in the session.
Ondas has been actively reshaping its balance sheet. This week, the company closed a $1 billion registered direct offering, which featured pre-funded warrants along with common stock warrants. The deal brought in roughly $959.2 million in net proceeds.
Ondas offers autonomous systems via its Ondas Autonomous Systems division and markets private wireless equipment through Ondas Networks. In the drone and counter-drone space, it competes against both major defense contractors and niche drone specialists.
Friday’s numbers were preliminary and unaudited, with the company confirming that independent auditors hadn’t reviewed them yet. The higher revenue target ups the stakes on execution: any delay in customer timelines could quickly widen the gap between signed orders and actual revenue. Plus, the warrant overhang from the recent financing might drag on sentiment if the shares fail to gain momentum.
Investors are focused on the upcoming investor day webcast, looking for specifics on how Ondas plans to turn its backlog into revenue and its strategy for deploying cash. The next major event will be the company’s full 2025 earnings report, slated for release in March.
