New York, May 29, 2026, 18:02 EDT
- Ondas shares were last nearly unchanged at $13.22. Trading showed a wide Friday range and heavy volume.
- The company said it booked more than $30 million in orders in May, pushing order totals for Q2 so far past $110 million.
- New filings indicate more shares are changing hands via acquisitions, resales, and incentive plans.
Ondas Inc. ended Friday’s after-hours session little changed, sticking close to $13.22. The defense and autonomous-systems firm earlier reported more than $30 million in new orders for May. Traders also watched fresh filings related to share sales. Ondas (Nasdaq) traded between $11.62 and $13.48 through the day, with volume near 141.9 million shares.
Ondas says this order update matters as it tries to show that more drones, robotics, counter-drone products and defense software actually drive revenue instead of just deals. The company said May deals brought orders so far in the second quarter above $110 million, including in defense, security and autonomous tech.
Ondas said its work includes air defense, counter-UAS — those are systems for spotting and stopping drones — plus intelligence, surveillance, reconnaissance, loitering munitions, and unmanned ground vehicles. The backlog, or signed orders not yet booked as revenue, was pro forma $457 million at the end of Q1.
Chief Executive Eric Brock said the order flow showed “continued execution.” Oshri Lugassy, co-CEO of Ondas Autonomous Systems, said customers now want more than just standalone products and are interested in integrated mission platforms. Lugassy said, “The future is not one drone.”
Ondas is out with an update after a rough first quarter. The company posted $50.1 million in revenue for the first quarter, bumped up its 2026 revenue goal to at least $390 million, and reported $1.48 billion in cash, cash equivalents, restricted cash and short-term investments as of March 31.
Ondas’ stock isn’t just trading on orders. A May 28 prospectus supplement registered 2.7 million shares set for resale by stockholders linked to the Omnisys acquisition, the $196.6 million stock transaction. Ondas said it won’t get proceeds from those share sales. The filing outlined trading limits for the sellers.
Shareholders agreed to raise the number of authorized common shares to 1.2 billion, up from 800 million, and boosted the 2021 stock incentive plan reserve to 81 million shares, up from 61 million. In a separate S-8 filing, the company registered 1.25 million shares for Mistral worker restricted-stock inducement awards, with another 20 million shares added under the bigger plan.
That gives Ondas more flexibility for hiring, acquisitions and capital work. It also brings dilution risk back into focus for traders, since new shares mean current holders’ stakes could shrink.
Drone defense stocks went their own ways. AeroVironment dropped 3.3% and Kratos Defense & Security Solutions slipped 1.6%. Red Cat Holdings climbed 2.5%. The action favored a few smaller unmanned-systems names, not the sector across the board.
Stocks closed out Friday with gains, supported by a stronger market tone. The Nasdaq rose 0.21%, while the S&P 500 added 0.22%. The Dow Jones Industrial Average jumped 0.72%, Reuters reported.
Execution is the key risk here. Orders need to turn into shipments and revenue, while new acquisitions require integration. The company’s increased resale capacity could weigh on the shares if some holders decide to sell into a rally. If defense demand cools or rising costs outpace the scale-up, the big order number might not support the stock’s latest gains.
