Ondas Inc (ONDS)
NASDAQInformation TechnologyCommunication EquipmentSnapshot 2026-09-04
$7.62-0.13%
Close 2026-09-04 · 1-day change
NASDAQInformation TechnologyCommunication EquipmentSnapshot 2026-09-04
QuarterlyIQ Insights · ONDS
How strong the business is — where it ranks within its sector on capital efficiency and cash generation, and how well management has been executing.
How this business ranks within information technology on a research-validated quality screen. As of 2026-09-04.
The screen ranks ONDS against its sector on four durable signals: share dilution, return on capital, free-cash-flow yield, and FCF margin. Historically the highest-quality names tended toward better typical outcomes and fewer bad years over multi-year holds (strongest at three years, modest at one), and that pattern showed up even before the price moved. It characterizes business quality, not price direction.
Each leg is a sector-relative percentile (higher is better); 4 of 4 legs were available for this name. The composite is built from these four; the raw value follows each percentile for context.
A forward quality tilt, not a price prediction, and context for your own research rather than a recommendation. Not investment advice.
How management runs the business: capital, margins, balance sheet, and how reliably they guide and deliver.
Each factor is a parallel diagnostic with a clear read of what it shows and how names like it have historically fared. Never aggregated into a single score.
Operating income rose in 0 of the last 3 quarter-over-quarter moves. Historically, Information Technology names rated weak grew net income 47% of the time over the next year (vs 59% for the rest of the cohort, n=6360).
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
A guidance track record builds as the company issues and delivers on guidance.
Priorities management has stated in recent disclosures, with status and evidence drawn from earnings calls, filings, and press releases.
Continue accelerating revenue growth and expanding backlog through organic execution and acquisitions to support a multi-decade growth cycle.
Stated as a priority in 2 of last 2 quarters. Revenue grew from $50.1 million in 2026-Q1 to $83.8 million in 2026-Q2, a 67% sequential increase, with backlog rising from $457 million to $757 million pro forma due to acquisitions and strong order capture. The full-year 2026 revenue target was raised from $390 million to a range of $525-$550 million, reflecting accelerating momentum and delivering on management's growth emphasis.
“Record Q2 2026 revenue of $83.8 million, backlog $757 million pro forma including acquisitions, raised full-year 2026 revenue target to $525-$550 million.”
“Q1 2026 revenue of $50.1 million, more than 10-fold increase YoY; backlog $457 million pro forma; raised full-year 2026 revenue target to at least $390 million.”
Continue executing accretive acquisitions to broaden technology portfolio, customer base, and operating platform in defense and industrial markets.
Stated as a priority in 2 of last 2 quarters. The company completed acquisitions of DZYNE and Cyberhawk in Q3 2026, expanding its autonomous defense and critical infrastructure intelligence platforms. DZYNE is forecasted to generate $191 million revenue in 2026 growing to over $300 million in 2027, while Cyberhawk is expected to generate $45 million in fiscal 2027. This demonstrates delivering on the strategic growth program through acquisitions.
Focus on scaling operating platform and leveraging revenue growth to improve adjusted EBITDA and achieve profitability by early 2028.
Stated as a priority in 2 of last 2 quarters. Adjusted EBITDA loss increased from $10.9 million in 2026-Q1 to $50.6 million in 2026-Q2 due to investments supporting growth, but management pulled forward the expectation for OAS adjusted EBITDA profitability to Q1 2027 and company-wide profitability to Q1 2028. The trajectory shows continued investment with a clear path to profitability.
Develop and integrate autonomous drone, counter-UAS, ISR, and AI software solutions to enhance defense and security offerings globally.
Stated as a priority in 2 of last 2 quarters. Management highlighted launching multiple autonomous defense products and AI software layers, expanding joint ventures such as ONBERG, and deepening partnerships with Palantir. These actions demonstrate ongoing development and integration of autonomous and AI-enabled defense capabilities, consistent with stated priorities.
“Launched Iron Wave, Dual Shield, MODUS, Scout Cyber-over-RF, Iron Arrow and LADOS across air defense and ISR domains.”
Manage capital structure prudently through equity offerings, debt issuances, and controlled use of cash to support growth and acquisitions.
Stated as a priority in 2 of last 2 quarters. The company raised approximately $1 billion in equity in January 2026 and completed multiple debt issuances and unregistered sales in mid-2026, maintaining a strong cash position of $1.48 billion at 2026-Q1 and $1.4 billion at 2026-Q2. This reflects disciplined capital allocation supporting growth and acquisitions.
Over the trailing year it converted -0.22x of net income into operating cash flow. Historically, Information Technology names rated fragile grew net income 42% of the time over the next year (vs 59% for the rest of the cohort, n=3128).
Most sensitive to the broad stock market.
Not enough signal to read sensitivity to the US dollar, real (inflation-adjusted) rates, Fed net liquidity, long-term interest rates (low R² over the window).
105 material management or governance events in the past 24 months, led by capital-allocation actions. Historically, Information Technology names rated volatile grew net income 60% of the time over the next year (vs 58% for the rest of the cohort, n=2769).
Not investment advice. As of 2026-09-04.
“Acquisitions of DZYNE and Cyberhawk closed in Q3 2026, expanding technology and customer base.”
“Executed strategic growth plan through acquisitions including Mistral, World View, and others to expand defense categories.”
“Adjusted EBITDA loss increased due to investments but expected to improve with revenue ramp in H2 2026 and beyond.”
“Product companies were adjusted EBITDA positive in Q1 2026, 6 months ahead of targets; company-wide adjusted EBITDA profitability expected by Q1 2028.”
“Expanded autonomous defense capabilities and integrated AI software with Palantir partnership and ONBERG joint venture.”
“Raised approximately $1 billion in January 2026 equity offering; multiple debt issuances and unregistered sales in mid-2026.”
“Ended Q1 with $1.48 billion in cash and equivalents, supporting strategic and organic growth.”