Ondas announced a definitive merger agreement with Mistral, a Bethesda, Md.-based defense prime contractor, valued at $175 million, which includes $122.5 million in common stock paid upfront and in installments.
CEO Chris Calio emphasized the urgency of delivering critical products for national security, stating, 'We understand that our products are critical to national security. And I can tell you across the organization, we absolutely feel the responsibility and urgency to deliver more and to deliver it faster.'
"To accelerate current weapons development timelines, DARPA is considering an alternative development paradigm to increase the nation's magazine depth and breadth."
I'm grateful for folks like Elon Musk, and Jeff Bezos, and Sir Richard Branson that have put their resources on the line for a capability for the good of all humankind right now.
Ondas said Q4 revenue landed between $29.1 million and $30.1 million, comfortably above the $27 million to $29 million range it had guided to in January. For the full year, revenue came in at $49.7 million to $50.7 million versus prior guidance of $47.6 million to $49.6 million. Adjusted EBITDA losses narrowed in line with expectations, and the company reiterated its 2026 revenue target of $170 million to $180 million.