New York, Feb 6, 2026, 07:50 EST — Premarket
Ondas Inc shares climbed roughly 4.7% to $8.88 in premarket Friday, clawing back some losses after tumbling more than 25% since Tuesday’s close. The stock closed Thursday at $8.48, down 12.4% following a 14.9% slide the previous day.
The snapback is crucial since Ondas has been marketed as a defense-tech growth play, with investors focused on contract wins and partnerships rather than immediate profits. This week’s price moves reveal just how fast funding concerns can derail that narrative in a small-cap stock.
A bearish report from J Capital Research intensified the discussion, claiming the company’s growth hinges on issuing stock quicker than its revenue climbs. Share dilution — the act of selling new shares — can drag down a stock by shrinking each existing investor’s ownership stake.
In its Feb. 4 “Equity Dispatch,” J Capital slammed Ondas, saying it “won’t live up to the hype” and casting doubt on its profit prospects. The firm flagged Ondas’ projected $7.2 million in net revenue for 2024, alongside a hefty $829 million raised through share offerings in 2025. It also noted the company has already sold 19 million shares in 2026, aiming to pull in another $1 billion. Adding to concerns, CEO Eric Brock unloaded $4.6 million worth of shares on Dec. 31. J Capital Research
Ondas has leveraged the Singapore Airshow to promote its defense initiatives. On Jan. 30, Brock remarked that “modern threats are no longer confined to air or ground.” Meanwhile, Ondas Autonomous Systems co-CEO Oshri Lugassy emphasized the company’s mission to help clients “detect, decide, and act faster.” Ondas Inc.
Ondas revealed earlier this week that its Airobotics division has landed a new contract with a government defense client in the Asia-Pacific area. Initial deliveries are slated for later this year, with follow-up orders likely as deployments grow. Brock highlighted the timing of the announcement during the Singapore Airshow, pointing to “accelerating demand” across the region. Ondas Inc.
On Feb. 2, the company announced its agreement to acquire UK-based Rotron Aero. The deal, to be paid in cash and stock, remains subject to regulatory approvals and other closing conditions. Brock noted the acquisition will enable Ondas to offer “long-range autonomous attack platforms” within a larger “system-of-systems.” Ondas Inc.
The rebound might be fragile, though. Reports akin to short-seller attacks often spark sharp moves. Investors will be closely watching whether the company responds to the allegations—and how it plans to fund growth without issuing more equity.
Ondas turned the focus back to cash and targets. In a filing dated Jan. 16, it reported a pro-forma cash balance north of $1.5 billion as of Dec. 31. The company also lifted its 2026 revenue forecast to $170 million–$180 million, signaling full-year results would come in March.
Traders now turn to fresh contract updates from the Singapore Airshow, ongoing through Feb. 8, while also eyeing Ondas’ March report for details on cash burn, acquisition integration, and dilution risk.
