Recent Updates — ONDS
Ondas Inc. and Palantir Technologies announced the formation of Regna AI, a new standalone private company focused on sovereign artificial intelligence for government and defense sectors. Initially wholly owned by Ondas, Regna AI will fine-tune open-weight models on sensitive mission data and deploy them within customer environments using Palantir's Artificial Intelligence Platform (AIP). Ondas serves as the anchor customer, providing real mission workflows to refine capabilities starting with intelligence, surveillance, and reconnaissance (ISR). The venture aims to address security boundaries by allowing governments to control their AI models and data without building frontier models from scratch. Over time, Ondas expects to engage financial partners to support Regna AI's growth as an independent company.
Ondas Inc. acquired three defense technology businesses—CaribouLabs Ltd., Insignito Solutions Ltd., and Ottopia Technologies Ltd.—for aggregate consideration of $56 million, payable in cash or common stock, with potential earnouts up to $32 million through 2028. The company issued a prospectus supplement covering the resale of 7,822,077 shares acquired by certain stockholders in connection with these transactions. Additionally, Ondas approved inducement grants of restricted stock units and stock options representing approximately 3.06 million shares to 37 newly hired employees. Ondas Inc. is a provider of autonomous systems, robotics, and mission-critical technologies for defense and security markets.
Ondas Inc. completed the acquisition of Gate Technologies Ltd. and Bron Technologies for a total consideration of $205 million, consisting of $105 million in cash and approximately $100 million in common stock, plus a working capital adjustment. The transaction includes up to $185 million in contingent earn-out payments tied to financial milestones through 2028. Ondas expects the acquired business to generate more than $130 million of aggregate Adjusted EBITDA over that period and approximately $65 million in revenue for full-year 2026. The company also granted inducement stock options to 41 newly hired employees. Ondas Inc. is a provider of autonomous systems, robotics, and mission-critical technologies for defense and security markets.
Ondas Inc. reported record second-quarter 2026 revenue of $83.8 million, a 67% sequential increase and more than thirteen-fold year-over-year growth. The company secured $175 million in new orders during the quarter, bringing its pro forma backlog to approximately $757 million as of June 30, 2026, which includes acquisitions DZYNE Technologies and Cyberhawk that closed in Q3 2026. Ondas raised its full-year 2026 revenue target to a range of $525 million to $550 million and pulled forward Adjusted EBITDA profitability expectations to the fourth quarter of 2027 for company-wide results. The firm held approximately $1.4 billion in cash, cash equivalents, restricted cash, and short-term investments at the end of the quarter. Ondas Inc. operates in the defense and security industry, providing advanced autonomous systems, robotics, and mission-critical technologies.
Ondas Inc. filed an amendment to its Current Report on Form 8-K/A to include the audited consolidated financial statements of High Point UAS, LLC for the year ended December 31, 2025, and unaudited condensed consolidated financial statements for the three months ended March 31, 2026. The filing also provides pro forma financial information reflecting the acquisition of 100% of High Point's membership interests on July 2, 2026. Ondas acquired High Point for approximately $200 million in cash and 84,999,998 shares of common stock. High Point specializes in manufacturing autonomous defense systems, robotic solutions, software engineering, and data analytics.