ONDS Stock Jumps On $56M ESAD Order – Citizens Sees Nearly 2X Upside, Calls Ondas A ‘Dynamic Player’

Ondas Inc. (ONDS) announced $165M in new orders, bringing total bookings to $270M, but its stock fell 5% to $7.03 amid a sector-wide selloff. Peers AeroVironment (AVAV) and Red Cat Holdings (RCAT) also dropped 5%. Ondas' orders span geographies and programs, with CEO Eric Brock citing increasing demand and validation milestones.

Ondas Inc. (NASDAQ:ONDS) reported over $165 million in new orders from August to October 1, bringing total orders since June 30 to over $270 million. The orders span its autonomous defense portfolio, including ULTRA and IonStrike, and a $56 million ESAD award. The company expects this to expand its backlog and strengthen revenue visibility into 2027.

Ondas (ONDS) reported securing over $165M in orders from August to October 1, adding to $105M disclosed earlier in Q3. The total brings its recent order intake to over $270M.

Ondas Inc. reported over $270M in orders since June 30, with $165M secured from late August to October 1. The company's backlog extends into 2027, including a $56M ESAD award. This indicates strong demand for its defense-autonomy offerings, according to the company.

Ondas (ONDS) shares fell 5% to $7.02 despite securing $165M in new orders from August to October 1, adding to $105M in earlier Q3 orders. The company's backlog now exceeds $270M since June 30, with orders spanning its autonomous defense portfolio. Ondas highlighted strategic orders for ULTRA and IonStrike from US defense customers and a $56M award for ESAD from a European customer. The company expects continued demand due to rising global defense spending and autonomous technology adoption.

Ondas Holdings (ONDS) secured a $56 million defense order in Europe, following recent acquisitions. The company specializes in industrial and defense communications solutions. This deal highlights its expansion in the European market, according to the article.