New York, May 17, 2026, 09:02 EDT
- Ondas ended Friday at $10.62, falling 5.26%. That followed a 26.52% gain Thursday. The stock stayed roughly 17% above where it finished on May 8.
- Ondas Inc. lifted its 2026 revenue target to $390 million or more after reporting first-quarter revenue of $50.1 million.
- The May 15 prospectus covered the resale of 3,342,378 shares linked to the World View deal. Proceeds go to selling stockholders, not Ondas.
Ondas Inc. is starting the week with heavy trading after a record quarter sparked a jump in the stock, followed by a pullback as sellers stepped in.
Nasdaq’s main session is Monday to Friday, 9:30 a.m. to 4 p.m. Eastern, and it’s closed on Sunday. Monday’s opening will be the first real look at whether the earnings jump can stick following Friday’s drop.
Why it matters now: Ondas is trading as a play on autonomous drones, defense robotics, and counter-UAS tech—systems for tracking or stopping drones. First-quarter revenue jumped more than ten times versus last year and climbed 66% over Q4, as the autonomous systems segment drove growth, the company said.
Ondas told investors in its May 14 report it now has a pro forma backlog of $457 million, a jump from $68.3 million at the end of 2025. The company also raised its 2026 revenue target, now expecting at least $390 million for the year.
Ondas CEO Eric Brock said the company has “strong visibility into our 2026 targets” and is seeing demand in counter-drone and defense robotics. Oshri Lugassy, co-CEO at Ondas Autonomous Systems, said they are delivering “combat-proven, multi-layered solutions” for defense and security. Ondas Inc.
Sharp moves in Ondas. Shares jumped 26.52% Thursday to $11.21 and then slipped 5.26% Friday, closing at $10.62. Friday volume topped 138 million shares after Thursday saw almost 245 million trade.
Defense-tech names moved around on Thursday as AeroVironment added 2.7% and Karman Holdings lost 1.9%. The iShares U.S. Aerospace & Defense ETF gave up 0.6%. Ondas’ strategic partner Palantir was up 2.8%. Barron’s covered the moves. The rally in Ondas stood out in the busy sector.
Quarterly filings from Ondas hit on May 15, with the company also registering resale shares tied to some World View sellers. It’s a typical step after a deal but can hang over the share price if there’s a lot more stock ready to hit the market.
But the risk is straightforward. Ondas posted an operating loss of $42.7 million and an adjusted EBITDA loss of $10.9 million. Net income was lifted by a $389.5 million non-cash gain from warrant accounting. Adjusted EBITDA, which excludes interest, taxes, depreciation, amortization and some other items, is a non-GAAP figure; Ondas said itself that these measures are supplemental and not a replacement for GAAP numbers.
Neil Laird, chief financial officer, told investors the warrant gain was “purely accounting driven” and said reported earnings could keep fluctuating because of that. Brock told analysts it’s “hard to be precise” about turning a large backlog into quarterly revenue. Investing.com
Traders are watching if the stock can hold above Friday’s close, if defense-tech stocks keep falling, and how the resale filing affects sentiment for a company already busy with acquisitions. Ondas’s next investor event is its annual meeting May 28 in West Palm Beach, Florida.
