X Square Capital LLC established a new $1.65 million position in Ondas Holdings during the second quarter. This institutional backing follows several key corporate developments and positive analyst coverage.
The company reported record second-quarter revenue of $83.8 million. This figure represents a 13-fold year-over-year increase and exceeded market expectations. Ondas reported a quarterly loss of $0.19 per share, which was wider than analysts anticipated.
Ondas currently maintains a contract backlog of approximately $757 million. Management raised its full-year 2026 revenue guidance to a range of $525 million to $550 million.
The company recently agreed to acquire Aran Defense for approximately $33 million. This Israeli manufacturing firm will expand production capabilities for autonomous defense systems.