New York, June 15, 2026, 13:55 EDT
- Ondas shares changed hands around $9.69, rising roughly 3.9%. Trading volume was close to 39.7 million shares.
- The company filed a resale prospectus for 6,070,948 shares related to the Omnisys and Indo Earth Moving deals.
- The next thing to watch is if Q2 orders turn into revenue, and if that happens without losses jumping.
Ondas Inc. shares climbed Monday, shrugging off a fresh SEC filing that could boost the company’s share count. ONDS last traded at $9.69, up nearly 4% on the day after ranging between $9.45 and $10.01. Growth and tech stocks had a solid day, with the Nasdaq up 3% and the S&P 500 adding about 1.9% as sentiment picked up.
Ondas didn’t announce a capital raise. In an 8-K on Monday, the company said it registered the possible resale “from time to time” of 6,070,948 shares owned by certain holders. Of those, 3,019,066 are from the Omnisys Ltd. buy, and 3,051,882 relate to the Indo Earth Moving Ltd. deal. Registering for resale allows those holders to sell some or all shares, but there’s no guarantee they will or that the company will get any new money.
That makes a difference for the shares. Stocks tend to go up when investors think revenue will grow faster, orders are stronger, or the risk is lower. When there’s risk of dilution, more sellers, weaker margins, or worries about execution, shares can drop. Ondas faces a possible overhang after Monday’s filing, since it lets some holders tied to the acquisition sell stock. Still, bulls keep pointing to the pace of new orders. Ondas said in a May 29 release it got over $30 million in new orders in May, putting Q2-to-date above $110 million. CEO Eric Brock said, “Securing over $30 million in new orders during May, and over $110 million in orders quarter-to-date, reflects Ondas’ continued execution.” Ondas Inc.
Q2 execution is now in focus. Investors are looking to see if Ondas’ $457 million pro forma backlog and recent orders will show up as recognized revenue, generate cash, and boost operating leverage. For Q1, Ondas reported revenue of $50.1 million, more than ten times last year’s figure, and hiked its 2026 revenue target to at least $390 million, according to its May 14 release. The same report showed an operating loss of $42.7 million and an adjusted EBITDA loss of $10.9 million. Adjusted EBITDA, a non-GAAP metric, excludes interest, taxes, depreciation and amortization and other items; it helps track operating performance but is not net income.
Bulls point to Ondas’ exposure to defense robotics, counter-drone tech, autonomous ground vehicles and high-altitude platforms. Demand in those markets has been up. Its World View arm landed a $4.8 million initial U.S. Navy SOUTHCOM contract this month—three months, focused on maritime domain awareness. Government demand is there. Ondas Inc. Bears focus on costs. The company is still working through recent acquisitions and higher operating spend. Adjusted EBITDA losses aren’t expected to improve in Q2. A fresh resale registration could put more shares in the market if holders sell.
Ondas shares look risky at current levels. The company shows solid growth and a big order backlog. Ondas reported $1.48 billion in cash, cash equivalents, restricted cash and short-term investments as of March 31. But a lot of optimism is already in the price. Investors want to see Ondas turn defense and autonomous-systems demand into steady revenue and shrink its losses. Right now, ONDS trades like a volatile, high-growth defense tech play—not a typical value name.
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