New York, Jan 20, 2026, 05:32 EST — Premarket action underway.
- Ondas shares slid roughly 5% in premarket, following a steep fall on Friday.
- The company raised its 2026 revenue target and released preliminary 2025 numbers ahead of its March report.
- Traders are factoring in dilution risk following a $1 billion stock-and-warrant sale.
Ondas Inc shares fell roughly 4.7% to $11.59 in Tuesday premarket, following a 5.15% drop to $12.16 last Friday. Trading volume on Friday was notably high, around 168 million shares, with prices swinging between $12.12 and $14.25. (StockAnalysis)
The timing is crucial. After the long weekend, U.S. investors returned to Ondas, which saw a surge in volume following a series of corporate updates that shifted expectations and sparked new concerns over dilution.
Meanwhile, the company has shifted to simplify its narrative. Ondas now focuses on autonomous systems—drones and counter-drone tech—as well as its private wireless operations. Traders have responded by treating the stock more like a momentum play than a stable earnings story.
Ondas raised its 2026 revenue forecast to $170 million-$180 million on Friday, also sharing preliminary 2025 estimates ahead of its investor day. The company projects Q4 revenue between $27.0 million and $29.0 million, with full-year 2025 revenue hitting $47.6 million-$49.6 million. Its backlog — orders not yet recognized as revenue — stood at $65.3 million as of Dec. 31, 2025. Ondas highlighted a pro-forma cash balance of more than $1.5 billion following a recent capital raise. The preliminary figures remain unaudited, with full results expected in March 2026. (Cloudfront)
Ondas raised cash through a registered direct offering, selling 19 million shares plus pre-funded warrants for up to 41.79 million shares. Each pre-funded warrant came bundled with warrants to buy two additional shares. The total package included warrants for 121.58 million shares, all priced at a $28 exercise price. Ondas expects net proceeds around $959.2 million. If all warrants are exercised, the company could pull in about $3.4 billion more, though it warned there’s no guarantee that will happen. (Cloudfront)
A separate SEC filing revealed the company officially changed its name from Ondas Holdings Inc. to Ondas Inc. on Jan. 16. It also updated its bylaws and stock incentive documents to align with the new name.
Chief Executive Officer Eric Brock linked the rebrand to changes in scale and customer base. “Today, we operate as a scaled, global defense and security technology platform,” Brock said when unveiling the planned name change and the move of headquarters to West Palm Beach, Florida. (Ondas Inc.)
U.S. markets took Monday off for Martin Luther King Jr. Day, shifting the week’s first full trading session to Tuesday. (SIFMA)
Extended-hours trading often amplifies sentiment, and Ondas has experienced large intraday swings during normal sessions too. Investors will be watching to see if buyers step in after the open and whether volume holds up or drops off once the initial orders are filled.
The downside scenario is clear-cut: preliminary figures aren’t audited, backlog might delay, and the large warrant package means dilution remains a risk if the stock climbs — or it could weigh on the shares if it stalls. Any hiccup turning orders into revenue could sting more, given how fast expectations have risen.
After Tuesday’s open, the next major trigger will be the company’s March report covering the quarter and year ending Dec. 31, 2025. That’s when investors can expect audited figures and more clarity on Ondas’s strategy for the cash it recently raised.
