Ondas Inc ( ONDS ) shares are trading lower Wednesday afternoon, even as investors weigh a string of recent company announcements that highlight strong revenue momentum and expansion in its defense technology business. Here’s what investors need to know.

Ondas ( ONDS ) stock is among today’s weakest performers. What’s behind ONDS decline?

Ondas Reports Strong Preliminary Revenue, Secures Israel Contract

Earlier this week, Ondas ( ONDS ) said its preliminary fourth-quarter 2025 revenue came in at $29.1 million to $30.1 million, above prior company guidance, while full-year 2025 revenue was projected at $49.7 million to $50.7 million. The company also reiterated its 2026 revenue outlook of $170 million to $180 million.

Ondas ( ONDS ) has also highlighted fresh contract activity. On Tuesday, the company announced an initial $15.8 million order tied to a multi-year national demining program in Israel through its subsidiary 4M Defense. The first phase could be followed by another $30 million in additional work, potentially bringing the total program value materially higher over time.

Ondas Acquires BIRD Aerosystems As Shares Pull Back

On Wednesday, Ondas ( ONDS ) added another strategic update, announcing the acquisition of BIRD Aerosystems, a defense technology company focused on airborne missile protection systems and intelligence, surveillance and reconnaissance solutions.

Ondas ( ONDS ) said the deal expands its position in defense and homeland security markets and adds technologies already deployed across more than 700 aircraft on 40-plus platform types.

Ondas Stock Pulls Back After Massive One-Year Rally

Despite those catalysts, shares pulled back Wednesday afternoon, suggesting traders may be taking profits after the stock's 1,200% run over the past year and recent news-driven gains.

Ondas ( ONDS ) shares have surged over the past year, before pulling back to around $10. The stock remains above its 200-day moving average, signaling continued long-term upward momentum despite recent volatility.

ONDS Shares Edge Lower Wednesday

ONDS Price Action: Ondas ( ONDS ) shares were down 4.30% at $9.58 at the time of publication on Wednesday, according to Benzinga Pro data.

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