Ondas Inc. · Radio & Tv Broadcasting & Communications Equipment

ONDS

High riskNext report: Around Nov 12 (est.)

View price ↗

The short version

A company still losing money. Institutions are adding.

Going well

Little debt

Watch out for

Losing money, losses are large next to sales

Money moves

No insider buying or selling in the last 30 days
Institutions added 41% to their holdings in the quarter ending June 2026 (298 bought, 156 sold)

Facts from SEC filings, not a recommendation.

What the price means

Price as of Oct 26

$6.17-0.5% that day

Company value: $3.5B; Share price times all shares
Price vs sales: 20.2x; No profit over the last year, so this compares value with sales instead
Cash vs value: 19%; Cash as a share of company value
Debt vs value: 0%; Debt as a share of company value

From ONDS's last IEX trade and its SEC filings (profits and sales over the last four quarters). A starting point for research, not a verdict.

The business over time

Last 12 quarters, from SEC filings

Sales, Jun '26

$83.8M

Sep '23Tap a barJun '26

Last 12 months: $174.1M. Over 5 years, sales grew about 88% a year.

What the price assumes

Your guesses, our math

Move the sliders to your own view of ONDS. Starting points are the company's recent numbers.

Sales growth+30% a yearRecently: +88% a yearProfit margin50%Last 12 months: 95.3%P/E at the end15xMany steady companies trade at 12x to 25xShare count change0% a yearBelow zero means buybacks; above zero means new shares (dilution)

Sales in 5 years$646M

Profit in 5 years$323M

Price these guesses point to$8.50+38% vs $6.17 todayAbout +6.6% a year, before dividends

What today's price needs: with a 50% margin and a 15x P/E, sales would have to grow about 22% a year for 5 years just to match today's price.

Simple math on your guesses, not a forecast or a price target. Real results depend on many things these sliders leave out.

Price

Price chart by TradingView.

Business quality

The checklist Warren Buffett-style investors use. Annual numbers for 2025.

1/6Weak

MissReturn on equity 15%+Earns a lot on the money owners have in the business.-58.7%
PassDebt under half of equityNot relying on borrowed money.0.02x equity
MissNet margin 10%+Keeps at least 10 cents of profit from each dollar of sales.-262.9%
MissProfitable every yearSteady profits, not one good year.0 of 10 years
MissFree cash flow positiveBrings in more cash than it spends to run and grow.-$40.8M
MissGross margin 40%+Pricing power: sells for well above what it costs to make.39.7%

Revenue: $50.7M
5-year growth: +87.9%/yr; revenue, per year
Total debt: $8.8M; 0.02x equity
Current ratio: 4.84x; short-term assets / bills due

From annual reports filed with the SEC. Not in this company's SEC data, so not scored: share count not growing. A checklist is a starting point for research, not a verdict.

Latest quarter

Quarter ended Jun 30, 2026

Reported Aug 13

Revenue: $83.8M; +1235.4% YoY
EPS: -$0.19; vs -$0.08
Op. margin: -194.5%; -47.0 pts
Gross margin: 43.1%; -10.0 pts
Free cash flow: -$93.8M
Share count: +234.3%; vs a year ago

Insider rating

Last 90 days

No open-market insider buys or sells in the last 90 days.

Weekly insider trend

No trades to chart yet.

Filing buzz

Last 7 days vs normal

0/ 100

This week: 0
Normal week: 2.6
vs normal: 0.0x

SEC filings of any kind. 50 means a normal week.

Institutional ownership

Accumulating+40.9%

Institutions added 40.9% to their holdings. 298 bought, 156 sold. 7 quarters of net buying in a row.

Shares held by institutions281.1M

Sep '24Jun '26

Safety check

From SEC filings

Share count growthYearly rate, last 3 years

+118.2%

Cash runwayAt last year's cash burn

204 months

Debt to equityLatest balance sheet: debt compared with what owners have

0.0x · $5.0M debt

Shares outstandingLatest reported

571M

Why high risk

Losing money, losses are large next to sales
Share count growing 118.2% a year (dilution)
23 offering filings in 6 months (may sell new shares)
Auditor change

Earnings reports

Last 12

Next reportAround Nov 12 (est.)Estimated from the same quarter last year

Results filedAug 13
Results filedMay 14
Results filedMar 25
Results filedMar 23
Results filedMar 9

Flags and big holders

Offerings 6 months, flags 12 months, holders 90 days

Insider trades

Open-market buys and sells, last 90 days

No open-market buys or sells in 90 days. Grants and option exercises are left out.

"Owns after" is the insider's holding right after the trade. Pre-planned (10b5-1) sales are set up months ahead, a weaker signal.

Latest filings

Straight from SEC EDGAR

Option exerciseRandy SeidlDirector

9,298 shares

+3% of holdings
Now owns 314,101 shares
2 transactions
Filed 19 days after trade

Oct 1Form 4 ↗

Investor disclosureOct 13 · Form 8-K ↗Planned insider saleSep 24 · Form 144 ↗

SoldNeil J LairdCFO and Treasurer

4,952 shares at $7.74 · $38K

-10% of holdings
Now owns 42,246 shares
Not a pre-planned sale
Filed same day
Also: Option exercise

Sep 24Form 4 ↗

Offering prospectusSep 23 · Form 424B7 ↗Unregistered share saleSep 23 · Form 8-K ↗Offering prospectusSep 14 · Form 424B7 ↗Major agreementSep 14 · Form 8-K ↗Offering prospectusAug 28 · Form 424B7 ↗Unregistered share saleAug 28 · Form 8-K ↗DAug 21 · Form D ↗

SoldRichard M CohenDirector

7,500 shares at $8.96 · $67K

-3% of holdings
Now owns 261,836 shares
Pre-planned sale (10b5-1)
Filed 2 days after trade

Aug 18Form 4 ↗

Planned insider saleAug 18 · Form 144 ↗

Option exerciseRandy SeidlDirector

9,299 shares

+3% of holdings
Now owns 304,803 shares
2 transactions
Filed 44 days after trade

Jul 1Form 4 ↗

Planned insider saleAug 14 · Form 144 ↗

Source: SEC EDGAR filings. For informational purposes. Not investment advice.

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