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AVIC (Chengdu) UAS Co. Ltd. A vs Ondas: why the prices moved differently

Weekly · monthly · quarterly news summaries, side by side in time

AVIC (Chengdu) UAS Co. Ltd. A (688297.CG)

Ondas Holdings Inc. (ONDS)

Q3 2026
▲2▼2

Ondas rode defense demand surge but losses widened

  • Record revenue and defense orders Ondas reported record quarterly revenue of $83.8 million, up over 13 times from a year earlier, with a backlog near $613 million and over $40 million in new defense orders.

    This shows the core demand surge that drove the company's growth story.

  • Acquisitions and product launches Ondas acquired DZYNE Technologies for $875.8 million, agreed to buy Aran Defense, integrated Sentrycs technology into Lockheed Martin's platform, and launched Dronebuster REACH with its first Navy sale.

    These strategic moves expand Ondas's defense portfolio and market reach.

  • Widening losses and cash burn Losses widened sharply: an $89.7 million quarterly loss, a $50.6 million adjusted EBITDA loss, and $137.4 million cash burn in the first half, making mounting losses the main counterweight to growth.

    This is the key negative force that weighed on the stock despite strong revenue.

  • Stock fell on worse-than-expected per-share results Shares fell 6.2% on worse-than-expected per-share results, showing that investors focused on the bottom line even as the top line surged.

    This directly explains the stock's negative price reaction during the period.

September 2026
▲3▼1

Ondas: record orders and backlog, more buying, but losses widen

  • Record revenue and a much bigger order book Ondas reported record quarterly revenue of $83.8 million, up more than 13 times from a year earlier, and raised its full-year target to $525-$550 million. Backlog — orders already won but not yet delivered — reached about $613 million, or $757 million including recent acquisitions. More orders mean more future sales, which supports the stock.

    This is the core new fundamental driver of the period: explosive growth and a rising order book.

  • Losses and cash burn grew alongside sales Despite the sales jump, Ondas lost $89.7 million in the quarter and its adjusted EBITDA loss widened to $50.6 million, with $137.4 million of cash used in the first half. Shares fell 6.2% on the results because the per-share loss was worse than expected. Big losses are the main counterweight to the growth story.

    It is the honest counterweight: the company is growing fast but still losing large amounts of money.

  • Buying Aran Defense to build more hardware in Israel Ondas agreed to buy Aran Defense for about $33 million, adding roughly 4,400 square meters of engineering and manufacturing space in Israel and about $26 million of expected 2026 revenue. This expands Ondas's ability to produce defense equipment locally and support rising demand.

    A concrete acquisition that adds manufacturing capacity and revenue, directly supporting the growth story.

  • New long-range counter-drone product, first unit sold to the Navy Ondas launched Dronebuster REACH, a longer-range system that jams enemy drones, with the first unit contracted to the Office of Naval Research. It extends the Dronebuster line already deployed in over 50 countries, showing new products are reaching paying government customers.

    A new product with a real government order shows the technology pipeline is converting into sales.

Latest
▲3▼1

Ondas: record orders and backlog, more buying, but losses widen

  • Record revenue and a much bigger order book Ondas reported record quarterly revenue of $83.8 million, up more than 13 times from a year earlier, and raised its full-year target to $525-$550 million. Backlog — orders already won but not yet delivered — reached about $613 million, or $757 million including recent acquisitions. More orders mean more future sales, which supports the stock.

    This is the core new fundamental driver of the period: explosive growth and a rising order book.

  • Losses and cash burn grew alongside sales Despite the sales jump, Ondas lost $89.7 million in the quarter and its adjusted EBITDA loss widened to $50.6 million, with $137.4 million of cash used in the first half. Shares fell 6.2% on the results because the per-share loss was worse than expected. Big losses are the main counterweight to the growth story.

    It is the honest counterweight: the company is growing fast but still losing large amounts of money.

  • Buying Aran Defense to build more hardware in Israel Ondas agreed to buy Aran Defense for about $33 million, adding roughly 4,400 square meters of engineering and manufacturing space in Israel and about $26 million of expected 2026 revenue. This expands Ondas's ability to produce defense equipment locally and support rising demand.

    A concrete acquisition that adds manufacturing capacity and revenue, directly supporting the growth story.

  • New long-range counter-drone product, first unit sold to the Navy Ondas launched Dronebuster REACH, a longer-range system that jams enemy drones, with the first unit contracted to the Office of Naval Research. It extends the Dronebuster line already deployed in over 50 countries, showing new products are reaching paying government customers.

    A new product with a real government order shows the technology pipeline is converting into sales.

July 2026
▲4

Ondas rides defense demand surge with major orders and DZYNE acquisition

  • Military drone battery push could lift demand An energy expert predicts the Pentagon's premium spending on high-density batteries will make military drones a key catalyst, indirectly boosting demand for Ondas's drones. This supports future orders and revenue growth.

    It highlights a new demand driver from defense budget trends that could benefit Ondas.

  • Sentrycs tech integrated into Lockheed Martin platform Ondas's subsidiary Sentrycs will integrate its cyber-over-RF counter-drone technology into Lockheed Martin's Sanctum platform. This partnership could lead to more orders and wider adoption of Ondas's solutions.

    It shows a concrete new collaboration that may drive future revenue for Ondas.

  • Over $40 million in new defense orders Ondas received more than $40 million in new orders for autonomous defense systems in June, bringing Q2 order activity above $150 million. This signals strong demand and supports revenue growth.

    It provides fresh evidence of accelerating order momentum, a key driver for the stock.

  • Acquires DZYNE for $875.8 million Ondas acquired DZYNE Technologies for $875.8 million, creating Ondas Sentinel. DZYNE is EBITDA positive, which should boost Ondas's financials and speed its path to profitability.

    It is a major strategic move that strengthens Ondas's business and financial profile.

▲4

Ondas rides defense demand surge with major orders and DZYNE acquisition

  • Military drone battery push could lift demand An energy expert predicts the Pentagon's premium spending on high-density batteries will make military drones a key catalyst, indirectly boosting demand for Ondas's drones. This supports future orders and revenue growth.

    It highlights a new demand driver from defense budget trends that could benefit Ondas.

  • Sentrycs tech integrated into Lockheed Martin platform Ondas's subsidiary Sentrycs will integrate its cyber-over-RF counter-drone technology into Lockheed Martin's Sanctum platform. This partnership could lead to more orders and wider adoption of Ondas's solutions.

    It shows a concrete new collaboration that may drive future revenue for Ondas.

  • Over $40 million in new defense orders Ondas received more than $40 million in new orders for autonomous defense systems in June, bringing Q2 order activity above $150 million. This signals strong demand and supports revenue growth.

    It provides fresh evidence of accelerating order momentum, a key driver for the stock.

  • Acquires DZYNE for $875.8 million Ondas acquired DZYNE Technologies for $875.8 million, creating Ondas Sentinel. DZYNE is EBITDA positive, which should boost Ondas's financials and speed its path to profitability.

    It is a major strategic move that strengthens Ondas's business and financial profile.