New York, May 28, 2026, 04:12 EDT
- Ondas finished Wednesday up 10.5% at $10.80. The stock was quoted at $11.62 in early premarket trading.
- Reuters said the U.S. is in talks to fund some drone firms, but Ondas wasn’t mentioned.
- Ondas shareholders are set to gather at 10:00 a.m. EDT, where an increase in authorized shares will be on the agenda.
Ondas Inc. looked ready for more swings before Thursday’s Nasdaq open. The drone and autonomous-systems stock finished up 10.5% at $10.80. An early premarket quote pegged shares at $11.62.
The rally had more going on than just Ondas. Reuters, citing the Wall Street Journal, said the Trump administration is talking with several U.S. drone firms to fund them. Names included Unusual Machines and Neros, which has backing from Sequoia Capital, as part of a Washington drive to grow U.S. drone production. Ondas wasn’t among the companies named.
Ondas is now seen by the market as a high-growth defense tech name rather than only a drone company. The company said first-quarter revenue jumped to $50.1 million, up more than tenfold from the same period last year. Ondas also lifted its 2026 revenue goal to at least $390 million this month.
U.S. stock trading is open Thursday. Nasdaq’s 2026 schedule puts the next market holiday as Memorial Day on May 25, with Juneteenth following on June 19.
Ondas’s 2026 annual meeting is set for 10:00 a.m. EDT on Thursday. A proxy filing puts an “important proposal” on the table: raising the company’s authorized share count. The company said share reserves linked to warrants are limiting how much room it has in its M&A program. Ondas Inc.
U.S. drone funding chatter is moving some peers. Reuters reports Unusual Machines and Neros are part of the talks, but Stocktwits flagged names like Ondas and Red Cat among drone stocks that climbed overnight after the headlines. At this stage, it’s a sentiment move for Ondas. There’s no contract or funding confirmed yet.
Ondas is aiming to move away from hardware and into software and integrated defense. In a filing from May 21, the company said it bought Israel’s Omnisys Ltd. for around $196.6 million in Ondas stock, with limits on how soon sellers can resell their new shares.
Ondas says Omnisys’ BRO, or Battle Resource Optimization, is software for defense operators to plan and coordinate assets in real time. CEO Eric Brock described it as “proven” and “battle-tested.” He said the platform will help Ondas work with current customer systems. Ondas inc.
After first-quarter results, Brock told investors Ondas posted “record results” and said the company has “strong visibility into our 2026 targets.” Backlog, or orders set to become revenue later, stood at $457 million on a pro forma basis, Ondas said. Ondas Inc.
Needham stayed positive on the Omnisys acquisition, Investing.com reported. The firm sees the acquired business bringing $30 million to $40 million in pro forma 2026 revenue and expects further gains in 2027 as Ondas expands adoption in allied markets.
But things could turn. Ondas posted first-quarter net income boosted by a $389.5 million non-cash warrant gain, which was just an accounting item, not actual cash inflow. Operating loss got worse, hitting $42.7 million. The company signaled that adjusted EBITDA losses will stay high in the second quarter. On May 22, the company filed a prospectus for the resale of 2.74 million shares tied to the Mistral buy. If growth lags, more stock sales could dilute current shareholders.
Ondas is in focus Thursday as traders watch a drone funding headline, a busy premarket session, and a vote that may impact its buyout pace. Growth figures are in place, but investors are watching to see if the stock holds gains.
