Key facts
- Ondas reported its second-quarter order backlog exceeded $110 million.
- The company secured over $30 million in new orders in May.
- Contracts include counter-drone systems, unmanned vehicles, and electronic warfare capabilities.
- First-quarter revenue was $50.1 million, up from $4.3 million year-over-year.
- Ondas raised its full-year 2026 revenue outlook to a minimum of $390 million.
Ondas operates in the defense technology sector, focusing on autonomous systems like drones and security solutions. The company's recent surge in orders and backlog indicates strong demand for its integrated defense technologies, particularly in the evolving landscape of modern military operations that favor interconnected platforms. This growth is crucial for Ondas as it aims to translate increased revenue into sustained profitability and navigate potential share dilution.