ETF’s 3.94% Ondas Holding Rallies After $30M Q4 Revenue Beat and $26M Orders
Invesco Dorsey Wright Technology Momentum ETF holds 3.94% in Ondas Inc., which reported preliminary Q4 revenue of $29.1m–$30.1m, reiterated 2026 revenue guidance of $170m–$180m and secured $26m in defense orders. Ondas shares rose 1% in premarket trading following results.
1. ETF Holding Overview
Invesco Dorsey Wright Technology Momentum ETF allocates 3.94% of its portfolio to Ondas Inc., making it one of the larger single-company exposures within the fund. This concentration reflects the ETF’s focus on high-momentum technology and defense-related equities that drive short- to medium-term gains.
2. Ondas Preliminary Q4 Results
Ondas Inc. reported preliminary fourth-quarter revenue between $29.1 million and $30.1 million, exceeding internal guidance, and narrowed its adjusted EBITDA loss to $10.9 million. The company also reiterated full-year 2026 revenue guidance of $170 million to $180 million, signaling confidence in near-term growth prospects despite ongoing net losses.
3. Defense Order Wins and Market Reaction
During March, Ondas secured roughly $6 million in Middle East counter-UAS orders plus a $20 million autonomous border protection system contract, totaling $26 million in new defense bookings. These wins propelled Ondas shares up 1% in premarket trading and could drive further upside for the ETF given its notable weighting in the company.