New York, Feb 25, 2026, 06:54 EST — Premarket
- Ondas shares slipped roughly 0.6% in premarket trading, following Tuesday’s 2.1% gain.
- Investors have seen the stock swing sharply while digesting new defense and policing deals, plus a looming acquisition.
- Attention turns to March results, with investors watching to see if the latest orders actually show up in revenue.
Ondas Inc slipped roughly 0.6% to $10.34 ahead of the bell Wednesday, pulling back after a 2.1% gain to $10.40 at Tuesday’s close. Turnover reached about 68 million shares during Tuesday’s session.
The swings are notable: Ondas now trades with heavy volume and boasts a market cap near $4.5 billion, despite operating in a patch of the defense-tech sector where contract flow is unpredictable and news can jolt the stock.
Since Feb. 17, no new company announcements have hit the tape, so traders are still picking through February’s string of deal updates, looking for clues about next quarter.
Ondas announced on Feb. 17 that its Sentrycs division had rolled out counter-drone gear for a German State Police department, with plans to unveil its portable “Scout” model during the Enforce Tac show in Germany. The counter-drone, or C-UAS, market focuses on tech for spotting and neutralizing rogue drones; Sentrycs touts a method that takes over drones without relying on jamming. “Our deployment with the German State Police demonstrates the immediate impact of lawful, precise drone mitigation,” said Sentrycs CEO Tal Cohen. Ondas Inc.
Ondas announced earlier this month that it plans to acquire Rotron Aero, a UK-based firm, aiming to bring in long-range “attritable” one-way attack systems. The transaction is still pending typical closing steps and regulatory green lights. “Modern conflicts demand systems that can operate at range,” chairman and CEO Eric Brock said in the release. Ondas Inc.
Ondas announced its Airobotics division has secured a strategic contract with a government defense client in the Asia-Pacific, noting that phased implementation and the first deliveries are set to start this year. Brock cited what he called “accelerating demand” for autonomous defense tech in that part of the world. Ondas Inc.
Shares snapped back after last week’s volatility, which featured an 11.9% slide on Feb. 20 as more than 111 million shares changed hands, market data show.
There was plenty of action in the options pit on Feb. 24, with about 145,000 contracts changing hands, Fintel data show. That kind of volume points to investors leaning on derivatives, either to speculate or to put on hedges for whatever comes next.
Capital structure remains an issue. Back in January, Ondas announced it had wrapped up a $1 billion registered direct offering, a mix of common shares, pre-funded warrants, and common warrants. The company also noted there’s a chance for extra cash if those warrants get exercised.
Filings have slowed lately. According to Ondas’ investor-relations page, the most recent SEC document posted is a Schedule 13G/A from Feb. 17.
The risks aren’t one-sided. Ondas stock dropped earlier this month after JCapital Research came out with a report casting doubt on the company’s business model and raising red flags over its financial footing. The note flagged worries about acquisitions and dilution.
Investors now await Ondas’s quarterly and full-year numbers for the stretch ending Dec. 31, 2025—figures the company aims to release in March. Eyes will also be on any word about the Rotron deal closing and potential follow-up orders linked to recent defense contracts.
