Ondas Inc (NASDAQ:ONDS) shares are trading lower Friday as investors continued to react to the company's fourth-quarter results released Monday, which showed explosive revenue growth, sharply improved margins and a much stronger outlook for 2026.

Additionally, the company this week filed to register up to 1,928,532 shares of common stock for potential resale by certain stockholders. Here’s what investors need to know.

Ondas Revenue Surges On Autonomous Systems Growth

This week’s volatility appears to be tied to a mix of top-line strength, a growing backlog, acquisition-driven expansion and bullish commentary around the company's defense and autonomous systems business.

Ondas reported fourth-quarter revenue of $30.1 million, beating analyst estimates of $27.6 million.

Revenue jumped 198% sequentially and 629% year over year, driven largely by Ondas Autonomous Systems, where revenue surged 722% to $29.6 million on stronger shipments of Iron Drone and Optimus products, along with contributions from acquisitions completed in the second half of 2025.

Gross profit rose to $12.7 million from $0.9 million a year earlier, while gross margin expanded to 42% from 21%.

Ondas Backlog, 2026 Outlook And Acquisition Stay In Focus

The company did report a quarterly loss of 36 cents per share, missing estimates for a 5-cent loss, and adjusted EBITDA loss widened to $9.9 million from $7 million a year ago. Still, investors appear focused on the growth trajectory.

Ondas ended 2025 with $594.4 million in cash, guided for first-quarter revenue of $38 million to $40 million and said it expects at least $375 million in full-year 2026 revenue, supported by a $68.3 million backlog.

Ondas also announced a deal to acquire World View Enterprises, adding another layer to its defense and intelligence platform.

Ondas RSI Pulls Back After Prior Overbought Spikes

Ondas' RSI has spent most of the past year in the neutral range, with periodic spikes into overbought territory above 70 and only brief dips toward oversold levels.

Recently, momentum has cooled, with RSI trending in the mid-to-lower range, suggesting fading buying pressure after prior rallies.

ONDS Shares Slide Friday Morning

ONDS Price Action: Ondas shares were down 4.66% at $9.00 at the time of publication on Friday, according to Benzinga Pro data.

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