Ondas Inc · NASDAQ:ONDS

Ondas — Investor Day (January 2026)

61 slides from Ondas's investor day presentation, Jan 16, 2026

Slide 2: Forward-looking statements and non-GAAP measures
Nasdaq: ONDS 2 This presentation may contain "forward - looking statements" as that term is defined under the Private Securities Litigation Reform Act of 1995 (PSLRA), which statements may be identified by words such as "expects," "projects," "will," "may," "anticipates," "believes," "should," "inte
Slide 3: Proven Leadership
Nasdaq: ONDS Provefi Le6dership Mark Green Head of Global Corp Dev & M&A Veteran dealmaker with 30+ years in technology investment banking. Leading corporate development, strategic partnerships, and global M&A program Patrick Huston COO, General Counsel & Secretary National security leader with 35+
Slide 4: Integrated Autonomy: Defense. Security. Intelligence.
Nasdaq: ONDS INTEGRATED AUTONOMY D E F E N S E . S E C U R I T Y . I N T E L L I G E N C E . 4 4
Slide 5: Agenda
Nasdaq: ONDS • Introduction • Technology & Capabilities • Go to Market / Operating Platform • Business Development Update • Strategic Growth Program • Ondas Capital • Financial Outlook • Investor Q&A 5 Agefid6
Slide 6: Transformation Launched in 2025
Nasdaq: ONDS 6 Tr6fisform6tiofi L6ufiched ifi 2025 Advanced our Core + Strategic growth plan DELIVERED ON OUR CORE + STRATEGIC GROWTH PLAN • Evolved OAS into multi - domain autonomy platform • Delivered record revenue growth exceeding targets and business development objectives • Invested ahead of l
Slide 7: Key Highlights – Record Results
Nasdaq: ONDS Key Highlights – Record Results! • Delivered meaningful revenue growth in 2025, driven by OAS commercial traction and program awards • Q4 2025 revenue increased ~578% vs Q4 2024 • FY 2025 revenue increased ~576% vs FY 2024 • Improved quality of backlog and visibility, supporting 2026 re
Slide 8: 2026 Revenue Target $170–180 million
Nasdaq: ONDS 2026 Revenue Target $170 – $180 million (prior target $140 million) (1) Outlook Expect significant growth supported by investments and significant market tailwinds • Expect exceptional growth within core platforms driven by • Category leadership in CUAS, ISR and UGV markets • Underlying
Slide 9: Capitalized to Win
Nasdaq: ONDS ACCELERATE Team Supply chain Customer delivery Strategic program Ecosystem Scale C6pit6lized to Wifi What is Ondas going to do with all that cash? • Massive cash balance ~ $1.5 (1) billion + potential ~$4.9 billion from OTM warrants with strike prices of $20 and $28 • Access to large am
Slide 10: Focus of Scalability
Nasdaq: ONDS Focus ofi Sc6l6bility Executing business plan to scale across all key functions to support high growth, value for customers and high returns for investors MARKETS | CUSTOMERS Defense, homeland security, public safety, critical infrastructure and industrial OPERATING PLATFORM Sales and M
Slide 11: Strategic Growth Program
Nasdaq: ONDS Str6tegic Growth Progr6m Value creation through faster growth, operating scale and an accelerated path to profitability Command & Control Sensors & Payloads Autonomous Platforms COMMS C - UAS Technology Platforms 11 • Unified “Systems of Systems” architecture fusing ISR, counter - UAS,
Slide 12: Technology & Capabilities
Nasdaq: ONDS TECHNOLOGY & CAPABILITIES
Slide 13: Multi-Domain Technologies, Multi-Billion Market Opportunity
Nasdaq: ONDS 13 Multi - Dom6ifi Techfiologies Multi - Billiofi M6rket Opportufiity Best - in - class proven product companies integrated into a single Ondas multi - domain solution set represents Multi - Billion Market Opportunity • Best - in - class products, each winning independently in its domai
Slide 14: ~$117B Global TAM & ~$7.5B SAM
Nasdaq: ONDS 14 ~$117B Glob6l TAM & ~$7.5B SAM C - UAS, UAS, UGV Potential According to a research made by Frost & Sulivan for 2025 - 2030 and company estimations TAM ~$117B SAM ~$7.5B TAM is based on Frost & Sullivan forecasts for C - UAS, UAS, and UGV markets. C - UAS values are adjusted +35% from
Slide 15: C-UAS: Best in Class Solution for Growing Defense Priority
Nasdaq: ONDS C - UAS: Best ifi Cl6ss Solutiofi for 6 Growifig Defefise Priority DETECT 15 15 IDENTIFY TRACK SOFT MITIGATION HARD MITIGATION
Slide 16: Low-Collateral Damage C-UAS Capability
Nasdaq: ONDS Low - Coll6ter6l D6m6ge C - UAS C6p6bility Ondas is one of the few providers with the capabilities to answer the global demand for C - UAS • Integrated detect - to - defeat architecture covering detection, identification, decision, interception, and recovery • Soft - kill + hard - kill
Slide 17: UAS: Advanced Multi-Mission Aerial Systems
Nasdaq: ONDS UAS: Adv6ficed Multi - Missiofi Aeri6l Systems Tactical, resilient, and autonomous drones for ISR, attacking and other missions Fiber Optic Drofie Irofi Drofie Ifiterceptiofi & Att6ckifig WASP Att6ckifig Drofie Optimus ISR & Multi Missiofi 24/7 17 17
Slide 18: UGV: Best in Class Combat-Proven Robust Platforms and Payloads
Nasdaq: ONDS UGV: Best ifi Cl6ss Comb6t - Provefi Robust Pl6tforms 6fid P6ylo6ds Combat proven ground robots made in USA EOD Cle6r6fice Demifiifig & L6fid Cle6r6fice T6ctic6l Bre6chifig Force & Border Protectiofi Comb6t Support & Tr6fisport6tiofi Ufidergroufid First le6d 17 18
Slide 19: Best in Class Tactical Robotics
Nasdaq: ONDS 19 Best Ifi Cl6ss T6ctic6l Robotics RT - 20 Micro Tactical Ground Robot RT - 200 Transportable Interoperable Ground Robot RT - 2 Individual Robotics Intelligence System RT - 1000 Professional Robot RT - 2000 Multipurpose Robotic UGV • RT - 2 / RT - 20 – Compact first - entry robots depl
Slide 20: Combat Proven, Built-For-Purpose
Nasdaq: ONDS Comb6t Provefi, Built - For - Purpose “ Bots Before Boots ” Click to play video 20 Click to play video Click to play video
Slide 21: High Quality Customer Base
Nasdaq: ONDS High Qu6lity Customer B6se • Strong customer base with a presence in the U.S. and Israel, while operating across 30 countries • Showcases exceptional resilience, world - class product quality, and a commitment for outstanding service Canada DTRA U.S.A.F Italy Italy Norway Thailand UK Fr
Slide 22: ROBOX: The Next-Gen Robotic Platform
Nasdaq: ONDS ROBOX: The Next - Gefi Robotic Pl6tform Launch - ready robotic fleet • Integrated air - ground unmanned combat system • Rapid, containerized deployment anywhere • Single - operator control of multiple assets • Mission - configurable for contested environments ROBOX Launch - ready fleet
Slide 23: Tactical Robotic Platforms & Payloads
Nasdaq: ONDS T6ctic6l Robotic Pl6tforms & P6ylo6ds SCOUT ROBOTIC DOG A backpackable, quadruped robotic platform, engineered for high - mobility, autonomous ground operations in defense and HLS environments. SPYDER A compact, man - packable robotic system that navigates obstacles and reconfigures qui
Slide 24: 4M Defense: Complete Smart Solution for Land Clearance
Nasdaq: ONDS 4M Defefise: Complete Sm6rt Solutiofi for L6fid Cle6r6fice End - to - end software defined clearance sequence with aerial & ground robotic platforms • High - resolution aerial mapping using drones to digitize mine - affected terrain • AI - based land intelligence to identify anomalies a
Slide 25: Integration of Multi-Layered Capabilities on UGV Platforms
Nasdaq: ONDS Ifitegr6tiofi of Multi L6yered C6p6bilities ofi UGV Pl6tforms System of Systems • Multiple robotic platforms operate as a single, networked system, enabling coordinated missions rather than isolated assets • A unified C2 layer fuses sensors, effectors, and data, accelerating detection,
Slide 26: Multi-layered Platforms - One Unified Domain
Nasdaq: ONDS Multi - l6yered Pl6tforms - Ofie Ufiified Dom6ifi Command Center Interface Mobile Interface Sensors | Effectors 26 26
Slide 27: Go-to-Market Operating Platform
GO - TO - MARKET OPERATING PLATFORM
Slide 28: Scalable Operating Platform
Nasdaq: ONDS Sc6l6ble Oper6tifig Pl6tform Building a unified, high - growth operating engine Infrastructure for Operating Scale • Integrate OAS Core, acquisitions, leadership, and talent into a unified operating platform • Align global go - to - market execution across sales teams, partners, and cus
Slide 29: Purpose-built leadership model to scale
Nasdaq: ONDS Purpose - built leadership model to scale revenue, operations, and execution Enabling Organizational Structure • Clear accountability with empowered product company CEOs supported by highly experienced centralized functional leadership • Shared services model across finance, legal, oper
Slide 30: Advisory Board Members
Nasdaq: ONDS KARL EZE LT. COL., BRITISH ARMY YOAV HAR - EVEN MAJ. GEN., IDF (RET.) YANIV ROTEM BRIG. GEN., IDF (RES.) DR. IRIT IDAN ARNOLD PUNARO MAJ. GEN., USMC (RET.) ADAM BERGMANN MARY O’BRIEN LT. GEN., USAF (RET.) KATE JONES DR. ART MORRISH SCOTT SANDERS REAR ADM., USN (RET.) Advisory Bo6rd Memb
Slide 31: Expanding Ecosystem
Nasdaq: ONDS Exp6fidifig Ecosystem 31 Ecosystem supports localized technical integration, distribution and sustainment in critical markets
Slide 32: Ramping Up Manufacturing
Nasdaq: ONDS 32 R6mpifig Up M6fiuf6cturifig FLEXTRONICS TAMUZ OPTIMUS | IRON DRONE AMERICAN ROBOTICS WASP AMERICAN ROBOTICS FIBER OPTIC SPOOLS AMERICAN ROBOTICS MTGR | UGVS ROBOTEAM OPTIMUS | IRON DRONE AIROBOTICS SENTRYCS Coming soon… Scaling production capacity and delivering fully NDAA - complian
Slide 33: Business Development
Nasdaq: ONDS BUSINESS DEVELOPMENT
Slide 34: Key Customer Activities on End Markets
Nasdaq: ONDS Key Customer Activities ofi Efid M6rkets Programs and market segments being pursued across Ondas • CUAS programs – Global demand high • UAS Autonomous Drone Swarms Border Security • Military bases UAS & CUAS • Drone Dominance Program (DDP) • Classified Projects – Attacking Drones • De -
Slide 35: Global Key Projects: CUAS
Nasdaq: ONDS Glob6l Key Projects 35 CUAS KEY PROJECTS 35 Addressing global high demand for multi - layered aerial protection • Submitted for DHS grant for FIFA World Cup • Extensive deployments in Europe Airports • Aerial protection of National Borders • Advancing Military bases protection projects
Slide 36: Project Hives: A Multi-Year Defense Program
Nasdaq: ONDS Project Hives: A Multi - Ye6r Defefise Progr6m 36 UAS KEY PROJECTS 36 First national level program for Ondas as a prime Autonomous, lethal drone swarms along border lines • Prime contractor award for a national - level autonomous border - protection program • Multi - year, phased deploy
Slide 37: Timelines & Global Expansion
Nasdaq: ONDS Timelines & global expansion Project Phases (1 - 2 Years) with potential for +$100M orders* • Development & NRE: System design and autonomy development • Integration: Full system integration and validation • Deployment: Initial operational rollout • Scale - Up: Geographic and fleet expa
Slide 38: Drone Dominance Program
Nasdaq: ONDS $1 Billion DoW program to rapidly field small attack UAS at industrial scale DDP Overview & Strategic Importance • $1 Billion DoW initiative to rebuild the U.S. defense industrial base and rapidly field up to 340,000 low - cost small one - way attack UAS over the next 2 years • Program
Slide 39: Ondas is Prepared for DDP
Nasdaq: ONDS Ofid6s is Prep6red for DDP Supply chain & production capability are key determinants in program success NDAA - Compliant. Made in America. Built to Scale. • Wasp is NDAA - compliant by design, meeting secure sourcing and supply - chain requirements from day one • Initial production unit
Slide 40: Protecting Forces, Critical Assets and Borders
Nasdaq: ONDS Protectifig Forces Critic6l Assets 6fid Borders • Involved in cutting edge classified projects of ground robotics support for maneuvering and border protection applications • UGV are required for persistent border surveillance and autonomous patrol (air & ground) early detection, tracki
Slide 41: High Demand for Unified Air–Ground Protection
Nasdaq: ONDS High Dem6fid for Ufiified Air – Groufid Protectiofi • Responding to growing demand from military, homeland security, and civil authorities to protect complex compounds, bases, borders, and critical infrastructure • Delivering integrated air and ground defense solutions that operate aeri
Slide 42: Strategic Growth Program
Nasdaq: ONDS STRATEGIC GROWTH PROGRAM
Slide 43: The Scalable Growth Platform
Nasdaq: ONDS The Sc6l6ble Growth Pl6tform Accelerating the operating model drives the high return financial model Potefiti6l rew6rds 6re subst6fiti6l • Massive TAMs in the $10s of billions • Growth cycle has launched (S - curve) • Military demand driving early adoption • Technology maturity underest
Slide 44: Strategic Growth Program Objectives
Nasdaq: ONDS Required Operating Outcomes • Broader and deeper global solutions portfolio • Capture and sustain additional customers • Leverage and expand supply chain and production scale • Drive field support, sustainment and lifecycle services capabilities 44 Str6tegic Growth Progr6m Objectives Di
Slide 45: Strategic Drivers
Nasdaq: ONDS Impact Strategic Drivers Category Autonomous Platforms, Counter - UAS, Payloads, Communications, C2, Sensors Core Domains Strategic Alignment & Vision Defense, Homeland Security, Public Safety, Critical Infrastructure and Industrial Target Markets (Dual - Use) Integrated, Unmanned, And
Slide 46: Target Categories
Nasdaq: ONDS T6rget C6tegories Key Technologies & Missions Capability Focus Category Multi - Domain Robotics UAV (Aerial), UGV (Ground), UMV (Maritime), And UUV (Underwater) Across All Sizes And Scales Autonomous Platforms Mission Profiles ISR, Combat Support, Logistics, Critical Infrastructure Prot
Slide 47: Recent Acquisitions Strengthen Capabilities
Nasdaq: ONDS 47 Added a best - in - class cyber - over - RF counter - UAS capability , enabling non - kinetic detection, identification, and takeover of hostile drones Materially strengthened Ondas’ CUAS offering and positioned OAS as a provider of layered, integrated airspace security solutions for
Slide 48: Growth Program 2026+
Nasdaq: ONDS Growth Progr6m 2026+ Key Goals • Scale thorough adding and broadening platforms and system - of - systems in US and globally • Drive faster revenue growth through strategic acquisitions • Enable more efficient use of operating capital • Deliver operating margin leverage across the platf
Slide 49: Ondas Capital
Nasdaq: ONDS ONDAS CAPITAL
Slide 50: Ondas Capital: A Strategic Growth Platform
Nasdaq: ONDS Ofid6s C6pit6l A strategic growth platform Ondas Capital is a multi - year initiative to deploy $150 million to accelerate the transition of battle - tested unmanned and dual - use technologies from Ukraine and allied nations into trusted U.S. and European production Mission Scale prove
Slide 51: Ondas Capital Update
Nasdaq: ONDS Ofid6s C6pit6l Upd6te Foundational work advancing investment opportunities in Ukraine / Eastern Europe • Established team of highly experienced market and financial professionals • Expanding important ecosystem relationships • US government and defense organizations • NATO government an
Slide 52: Targeted Minority Investments
Nasdaq: ONDS Targeted minority investments to strengthen Ondas’ ecosystem and provide financial returns Investment Criteria • Strategic alignment with Ondas’ autonomous systems and platform roadmap • Mature technologies and roadmap relevant to near - term customer and market requirements • Ability t
Slide 53: Financial Outlook
Nasdaq: ONDS FINANCIAL OUTLOOK
Slide 54: Multi-Stage Growth Plan
Nasdaq: ONDS 2021 - 2024 DEVELOPMENT Platform and solutions development; commercialized solutions and demonstrated product market fit 2024 - 2026 SERVICE DELIVERY Advance scalable operating platform; focus on partner ecosystem and specific high value verticals and use cases with expansion in United
Slide 55: Revenue Outlook
Nasdaq: ONDS 55 Revefiue Outlook Capital to support operational scale and drive platform adoption • Represents 260% growth relative to expected 2025 revenue • Management estimates ~75% pro forma organic growth (1) assuming a full 12 months of revenue from acquired companies in 2025 • Expect defense
Slide 56: Financial Model
Nasdaq: ONDS Fifi6fici6l Model Drive improving unit economics, drive operating leverage with growth and scale • Target gross margins = 50% • Seek to drive gross margins higher over time with scale/ mix maturity • Volume and DFM to support pricing/ margin objectives • Focus on maximizing operating ca
Slide 57: Path to Profitability
Nasdaq: ONDS Q3 2026 Technology | Service Delivery Q3 2027 Operating Platform Investment Q1 2028 Public Company | Admin | Networks | Ondas Capital 57 Operating leverage benefits from operating platform investments and rapid revenue growth P6th to Profit6bility PRODUCT COMPANIES OAS ONDAS INC. EBITDA
Slide 58: Investment Cycle Launched
Nasdaq: ONDS Ifivestmefit Cycle L6ufiched Market organization is a once in a generation event • Market dynamics require that strong, scaled operators emerge to support the adoption of unmanned autonomous • TAMS are large and will grow nicely • Today’s equity capitalization in the sector is low due t
Slide 59: Financial Outcome: Path to $15+ Billion Market Cap
Nasdaq: ONDS 59 Fifi6fici6l Outcome Successful execution of our Core + Strategic growth plan creates a high growth, highly profitable global company supported by a broad portfolio of integrated aerial and ground defense, security and intelligence platforms and services PATH TO $15+ BILLION MARKET CA
Slide 60: Investor Q&A
Nasdaq: ONDS INVESTOR Q&A Singapore Air Show, February 2026 | Merch Store Coming Soon 60

Ondas — Investor Day (January 2026) on 6ix

Ondas — Investor Day (January 2026)

Slide 1: OAS Investor Day 2026

Slide 2: Forward-looking statements and non-GAAP measures

Slide 3: Proven Leadership

Slide 4: Integrated Autonomy: Defense. Security. Intelligence.

Slide 5: Agenda

Slide 6: Transformation Launched in 2025

Slide 7: Key Highlights – Record Results

Slide 8: 2026 Revenue Target $170–180 million

Slide 9: Capitalized to Win

Slide 10: Focus of Scalability

Slide 11: Strategic Growth Program

Slide 12: Technology & Capabilities

Slide 13: Multi-Domain Technologies, Multi-Billion Market Opportunity

Slide 14: ~$117B Global TAM & ~$7.5B SAM

Slide 15: C-UAS: Best in Class Solution for Growing Defense Priority

Slide 16: Low-Collateral Damage C-UAS Capability

Slide 17: UAS: Advanced Multi-Mission Aerial Systems

Slide 18: UGV: Best in Class Combat-Proven Robust Platforms and Payloads

Slide 19: Best in Class Tactical Robotics

Slide 20: Combat Proven, Built-For-Purpose

Slide 21: High Quality Customer Base

Slide 22: ROBOX: The Next-Gen Robotic Platform

Slide 23: Tactical Robotic Platforms & Payloads

Slide 24: 4M Defense: Complete Smart Solution for Land Clearance

Slide 25: Integration of Multi-Layered Capabilities on UGV Platforms

Slide 26: Multi-layered Platforms - One Unified Domain

Slide 27: Go-to-Market Operating Platform

Slide 28: Scalable Operating Platform

Slide 29: Purpose-built leadership model to scale

Slide 30: Advisory Board Members

Slide 31: Expanding Ecosystem

Slide 32: Ramping Up Manufacturing

Slide 33: Business Development

Slide 34: Key Customer Activities on End Markets

Slide 35: Global Key Projects: CUAS

Slide 36: Project Hives: A Multi-Year Defense Program

Slide 37: Timelines & Global Expansion

Slide 38: Drone Dominance Program

Slide 39: Ondas is Prepared for DDP

Slide 40: Protecting Forces, Critical Assets and Borders

Slide 41: High Demand for Unified Air–Ground Protection

Slide 42: Strategic Growth Program

Slide 43: The Scalable Growth Platform

Slide 44: Strategic Growth Program Objectives

Slide 45: Strategic Drivers

Slide 46: Target Categories

Slide 47: Recent Acquisitions Strengthen Capabilities

Slide 48: Growth Program 2026+

Slide 49: Ondas Capital

Slide 50: Ondas Capital: A Strategic Growth Platform

Slide 51: Ondas Capital Update

Slide 52: Targeted Minority Investments

Slide 53: Financial Outlook

Slide 54: Multi-Stage Growth Plan

Slide 55: Revenue Outlook

Slide 56: Financial Model

Slide 57: Path to Profitability

Slide 58: Investment Cycle Launched

Slide 59: Financial Outcome: Path to $15+ Billion Market Cap

Slide 60: Investor Q&A

Slide 61: Eric Brock, Chairman & CEO