Ondas Tops Q4 Guidance with $29M Revenue, Secures $26M in Orders
Ondas reported preliminary Q4 revenue of $29.1 million to $30.1 million and adjusted EBITDA loss of $10.9 million, surpassing its January guidance. The company holds over $1.5 billion in pro-forma cash and reiterated full-year 2026 revenue guidance of $170 million to $180 million while securing $26 million in defense orders.
1. Preliminary Q4 Results Exceed Guidance
In the fourth quarter, the company reported revenue between $29.1 million and $30.1 million, surpassing its January guidance range. It posted a net loss of $20.4 million to $20.9 million and an adjusted EBITDA loss of $10.9 million to $11.4 million, indicating broader operational improvements.
2. Robust Cash Position and 2026 Outlook
As of December 31, the company held over $1.5 billion in pro-forma cash and equivalents. It reaffirmed full-year 2026 revenue guidance of $170 million to $180 million prior to considering potential acquisitions, signaling confidence in its growth trajectory.
3. $26M Defense Order Wins
This month, the company secured roughly $6 million in orders for its Sentrycs counter-UAS systems deployed in the Middle East and a $20 million purchase order for an autonomous border protection system. These wins expand its defense segment footprint and bolster its sales pipeline.
4. Stock Momentum and Analyst Ratings
Shares have surged over 1,200% in the past 12 months, reflecting strong investor momentum despite recent pullbacks relative to short-term moving averages. Analysts maintain a Buy consensus with an average price target above current levels, anticipating continued revenue expansion.