ONDS Stock Garners Buzz After Company Raises Q4 Revenue Outlook, Signs Merger Agreement With Mistral

• For the full year 2025, Ondas expects revenue of $49.7 million to $50.7 million, above Street estimates of $48 million.
• Ondas said its unit will merge with Mistral who will continue to manage its existing defense contracts worth around $1 billion.
• The merger will add manufacturing, integration, and contracting capabilities for Ondas.

Shares of Ondas Holdings (ONDS) were back in focus after the company released preliminary results for the fourth quarter and full-year, and announced a merger with defense contractor Mistral, a move expected to give the firm access to more than $1 billion in contracts and strengthen its position in military drone and autonomous systems programs.

ONDS shares reversed early gains to trade around 4% lower, at the time of writing.

Q4 Revenue Forecast Tops Analysts’ Estimates

For the fourth quarter of 2025, the company expects revenue between $29.1 million and $30.1 million, above earlier guidance of $27 million to $29 million. According to Fiscal.ai data, Wall Street expects a revenue of $27.5 million. Net loss is projected between $20.4 million and $20.9 million.

For the full year 2025, Ondas now expects revenue of $49.7 million to $50.7 million, also higher than its previous forecast and above Street estimates of just above $48 million. Ondas anticipates a full-year net loss of $52.8 million to $53.3 million.

Looking ahead, the drone and wireless technology firm reaffirmed its 2026 revenue guidance of $170 million to $180 million.

Merger Agreement With Mistral

Ondas entered into a merger agreement with Mistral, a prime contractor for U.S. military and government programs. Under the agreement, Mistral will merge with a subsidiary of Ondas while continuing to manage its existing defense contracts.

The deal will give Ondas direct access to major U.S. Department of Defense contract vehicles, including programs with the U.S. Army and Special Operations forces.

Mistral has over $1 billion in defense contracts covering weapon systems, drones, and unmanned platforms. The company also provides equipment and security systems for federal, state, and local law enforcement agencies.

The merger is expected to strengthen Ondas’ expansion in the U.S. defense market by adding manufacturing, integration, and contracting capabilities. The combined company aims to deploy autonomous aerial and ground systems across military and homeland security programs, Ondas said.

How Did Stocktwits Users React?

Retail sentiment on Stocktwits remained ‘bullish’ over the past 24 hours, amid ‘extremely high’ message volumes.

One user called the merger the “most significant fundamental development for Ondas” in years.

Another user called the stock “a bargain at these prices.”

Year-to-date, the stock has shed more than 6%.

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