NEW YORK, March 24, 2026, 09:47 EDT
Ondas edged up roughly 1% to $11.00 on Tuesday, extending a move sparked by Monday’s news: the autonomous-systems firm reported its best-ever quarterly revenue, lifted its 2026 sales goal to at least $375 million, and sealed a $150 million deal to acquire World View Enterprises.
Ondas is banking on its flurry of March deals and alliances to build out a defense-tech platform, right as investor demand for drone and defense stocks picks up. The company will lay out results and dive into the World View update during a call set for 8:30 a.m. ET on March 25.
Fourth-quarter revenue jumped to $30.1 million, up sharply from $4.1 million a year ago. For the full year, revenue totaled $50.7 million. Ondas now expects first-quarter revenue between $38 million and $40 million and has bumped its 2026 target to at least $375 million—more than double its January guidance. The company reported backlog at $68.3 million, representing orders not yet recognized as sales.
Eric Brock, the CEO, called 2025 “a defining year.” But for investors, the numbers told a different story. Ondas ended the fourth quarter with a $101 million net loss and booked $133.4 million in red ink for the full year—most of that, an $82.2 million hit tied to a non-cash warrant valuation charge. The results landed well off the mark compared to the revised preliminary figures released March 20, when the company’s updated accounting had pointed to net income. Ondas Inc.
Ondas has agreed to acquire World View for $150 million, with as much as $129.5 million of the price tag coming in the form of shares. The deal is slated to wrap up in the second quarter. With World View, Ondas picks up a high-altitude balloon operation specializing in ISR—short for intelligence, surveillance and reconnaissance, a military phrase for collecting data from long-duration sensors.
Brock pointed to “persistent sensing, AI-enabled analysis, and autonomous response” as now core to defense operations. World View CEO Ryan Hartman expects the deal to “accelerate our growth trajectory.” This acquisition follows a March 12 partnership between Palantir and World View, which set out to connect stratospheric sensors, drones, and ground systems under a single software platform. Ondas Inc.
Competition has been heating up. Earlier this month, AeroVironment picked up ESAero in a $200 million deal. Kratos, for its part, announced a fresh counter-drone contract in early March, both moves underscoring how defense names are ramping up their autonomous and anti-drone arsenals.
But questions remain. The World View merger isn’t done yet—it’s waiting on stockholder approval and other final steps. Ondas flagged that adjusted EBITDA losses, which strip out certain expenses, will climb in the first quarter as the company spends more. Revenue at the wireless networks unit? Still constrained, with rail deployment schedules looking uncertain.
Ondas wrapped up 2025 holding $594.4 million in cash, cash equivalents and restricted cash, later boosting its total to roughly $1.55 billion after a financing round in January. That extra cushion leaves the West Palm Beach, Florida-based company with plenty of capacity for more acquisitions. Ondas supplies autonomous drones, anti-drone tech, and private wireless systems for defense, security, and industrial clients.
