NEW YORK, January 18, 2026, 05:13 EST — The market has closed.
Ondas Inc (ONDS) shares ended Friday down 5.1%, closing at $12.16 following the company’s upward revision of its 2026 revenue forecast and the release of preliminary 2025 sales numbers ahead of its investor day. The stock fluctuated between $12.12 and $14.25, with roughly 168 million shares changing hands, according to data from Investing.com.
Ondas raised its 2026 revenue target to $170 million–$180 million, up from $140 million, according to a recent filing. The company also shared preliminary 2025 figures ahead of its virtual Ondas Autonomous Systems investor day. It expects fourth-quarter revenue between $27 million and $29 million, with full-year revenue ranging from $47.6 million to $49.6 million. Backlog climbed sharply to $65.3 million as of Dec. 31, compared to $23.3 million on Nov. 13. Ondas reported a pro forma cash balance exceeding $1.5 billion and plans to release full-year results in March. SEC
CEO Eric Brock laid out the plan in a slide deck, presenting Ondas as a growing defence and security supplier focused on counter-UAS (anti-drone systems) and ISR (intelligence, surveillance, and reconnaissance). “Our opportunity is to expand Ondas’ operating model,” Brock stated. The deck also highlighted out-of-the-money warrants—meaning strike prices above the current stock—and confirmed Ondas intends to use capital for growth investments and acquisitions.
An 8-K filing revealed the company officially changed its name from Ondas Holdings Inc to Ondas Inc, effective Jan. 16. It also revised its bylaws and equity plans accordingly. The stock remains listed under the ONDS ticker.
Ondas reported on Jan. 12 that it completed a registered direct offering, selling 19 million shares alongside pre-funded warrants for as many as 41.8 million shares at roughly $16.45 each. Each share came with warrants allowing buyers to purchase two more shares at $28. The company expects net proceeds around $959 million. If all the common stock warrants are exercised, Ondas could pull in an additional $3.4 billion, though it stopped short of guaranteeing that outcome. A registered direct offering means shares were sold directly to institutional investors under an SEC shelf registration, while pre-funded warrants typically help investors avoid ownership limits. Ondas Inc.
U.S. stocks were off Monday for Martin Luther King Jr. Day, so all eyes turn to Tuesday’s open. The shortened week tightens the timeline, boosting the importance of early moves. Traders want to see if last Friday’s dip was just profit-taking or something deeper in investor sentiment. Nasdaq
Ondas pitches its Ondas Autonomous Systems unit as a defence and security platform, with a smaller private wireless segment targeting industrial networks. This strategy places it alongside players like AeroVironment, Kratos Defense & Security Solutions, and Red Cat Holdings—though Ondas aims to offer a broader package of gear and services in one bundle.
Friday’s figures raised the stakes. To reach its $170 million to $180 million goal, Ondas must convert contracts into shipments and cash, all while integrating several acquired businesses.
However, these preliminary numbers haven’t been audited, and the company’s goals remain forward-looking. Backlogs might decline, new program awards could stall, and the warrant overhang could pressure the stock if holders sell during rallies or if shares fail to hit the exercise price.
The next key milestone is the March earnings report, which will provide investors with audited figures and a sharper link from backlog to 2026 sales. Until then, traders will be on the lookout for fresh deals or major customer victories to validate the company’s balance-sheet strength.
