New York, June 23, 2026, 07:02 (EDT)
- Ondas traded at $8.67 ahead of the open, off 2.47%. Shares finished Monday at $8.89.
- The company reported June defense-system orders over $40 million, bringing second-quarter-to-date orders to more than $150 million.
- The same day, an SEC filing put 3.13 million shares up for resale by holders linked to recent acquisitions.
Ondas Inc. (NASDAQ:ONDS) traded lower before the bell Tuesday. The stock slipped 2.47% to $8.67 as of 7:02 a.m. EDT, after finishing Monday at $8.89, down 4.10%. The company disclosed more than $40 million in fresh June orders, but market reaction stayed cautious after a new resale-share filing and weaker action across drone-linked names.
Timing is key here. Ondas is shifting from its roots in industrial wireless and drones, aiming to be a defense-autonomy platform. New orders this quarter fueled a big jump in business. The company said June deals brought second-quarter order activity past $150 million. Orders cover counter-UAS systems, loitering munition systems, ground systems and defense services.
Ondas shares traded choppy. The company also put out a prospectus for the potential resale of 3,126,979 common shares by selling stockholders—most of those from its Omnisys deal, with a smaller piece tied to World View. The resale filing offers holders a way to sell shares over time, but it doesn’t mean the whole block hits the market at once.
Ondas isn’t set to get money from the sale of those shares, according to the filing. The block comes to about 0.6% of the 517.2 million shares outstanding MarketWatch lists. That’s a small slice, but it’s enough to get noticed in a stock that sees choppy trade and strong retail and defense-driven action.
Ondas said fresh orders arrived from government and defense clients in various global markets. “June new orders demonstrate the increasing demand” for autonomous defense tech, Chairman and CEO Eric Brock said. Oshri Lugassy, co-CEO of Ondas Autonomous Systems, said buyers are shifting from single drone offerings to “integrated autonomous architectures.” Ondas Inc.
Ondas Inc. said its UK arm, Rotron Aerospace, recently finished a SkyLance flight demo for the UK Ministry of Defence’s Project Brakestop. SkyLance is described as a one-way-effect weapon, meant to hit a target instead of returning like a drone.
Ondas shares slipped early Tuesday as the premarket group lagged. AeroVironment, Kratos Defense & Security Solutions, and Red Cat Holdings traded lower, with all three seen as go-to names for drone and defense autonomy plays.
Nasdaq futures dropped over 2% Tuesday, Reuters said, as investors dumped tech names on fresh concerns about funding costs, rates, and risk in crowded growth positions. The broader market wasn’t providing relief.
Ondas is fresh off a run of deals. The company on June 18 said it would buy Cyberhawk in a deal worth about $125 million, planning to pay around 95% of that in cash. Ondas expects to close the deal in the third quarter, pending standard conditions and regulatory signoff. Cyberhawk does drone inspections and data analytics for utility, energy and industrial clients.
Ondas said Cyberhawk is set to bring in over $45 million revenue in FY ending March 2027, with roughly 95% of that recurring and a backlog at $95 million. Brock said the company is a “transformative addition,” using the same words Ondas has been pushing as it works to merge defense, infrastructure inspection, and software data in a single platform. Ondas Inc.
Ondas reported first-quarter revenue jumped to $50.1 million from $4.25 million a year ago and lifted its 2026 revenue goal to at least $390 million at its last quarterly update in May. The company also put its pro forma backlog at $457 million.
Orders and backlog don’t mean cash on hand or booked profit. Defense orders can hit delays, deals like Cyberhawk aren’t closed yet, and new acquisitions might not fit as planned. If the market sours, reselling shares could hit harder than expected, particularly if investors see the recent run already factoring in the defense-order upside.
Ondas has these new awards, but now the company needs to turn them into real deliveries, margin, and cash flow. For now, shares could keep trading more like a high-risk drone and AI play than a typical defense name with steady government business.
