New York, Jan 16, 2026, 11:31 AM EST — Regular session
- ONDS slipped roughly 2% to $12.59, following an earlier high of $14.20 in the session.
- Ondas lifted its 2026 revenue forecast to a range of $170 million to $180 million and released preliminary revenue projections for 2025.
- The company reported a backlog of $65.3 million and pro-forma cash exceeding $1.5 billion.
Shares of Ondas Holdings Inc slipped 1.8% to $12.59 in late morning trading on Friday. The company raised its 2026 revenue guidance to a range of $170 million to $180 million ahead of an investor day webcast. Ondas also flagged preliminary 2025 revenue between $47.6 million and $49.6 million, with a pro-forma cash balance topping $1.5 billion. Its backlog, representing orders not yet booked as revenue, stood at $65.3 million. The stock fluctuated from $12.37 to $14.20 and saw roughly 82.4 million shares change hands.
The update matters because Ondas is aiming to recalibrate expectations for its autonomy segment while expanding further into defense and security markets, all while maintaining its private wireless operations. The larger revenue target grabs attention, but investors will be digging into the details — contracts secured, delivery timelines, and whether that cash translates into actual capacity or just more negotiations.
Backlog is the metric investors tend to latch onto in hardware-driven stories like this one. But it’s often a moving target, shifting with order funding and shipping timelines.
In another 8-K filing, the company announced it has officially changed its name from Ondas Holdings Inc. to Ondas Inc., effective Jan. 16. It also updated its bylaws and equity incentive plans to align with the new branding. The filing confirmed the Nasdaq ticker symbol remains ONDS.
In slides filed with regulators for investor day, CEO Eric Brock stated, “Our opportunity is to expand Ondas’ operating model.” The presentation highlighted out-of-the-money warrants, with strike prices at $20 and $28, as possible future funding sources. It also outlined a strategy focused on investments and acquisitions in a sector the company described as consolidating.
The key questions are clear: how much of the 2026 target comes from signed contracts, how quickly can production ramp up, and what’s the breakdown between drones, ground robots, and counter-drone systems. Investors will also want to hear specifics on how Ondas intends to use its cash, beyond vague talk of “strategic growth.”
There’s a catch, though. The 2025 numbers are preliminary and unaudited, leaving room for targets to shift if procurement schedules slip, integration takes longer, or deliveries get pushed back. Plus, should the warrants kick in, they might dilute shares even while boosting capital.
Friday’s trading highlighted a key issue with lightly followed small caps: large prints flood the tape, volume spikes, and the stock can quickly flip direction after the initial reaction.
Next on the agenda is the company’s March financial report for the quarter and fiscal year ending Dec. 31, 2025, set to arrive after the investor day update, Ondas said.
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