Ondas Inc · NASDAQ:ONDS
Ondas — Investor Presentation (February 2026)
33 slides from Ondas's investor presentation, Feb 11, 2026
Slide 1: Integrated Autonomy: Defense. Security. Intelligence.
Slide 2: Disclaimers
NASDAQ: ONDS ONDAS +) Disclaimers This presentation may contain forward- ooking 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,"
Slide 3: Leadership team
NASDAQ: ONDS. Leadership team ONDAS Eric Brock Founder, Chairman & CEO Entrepreneur and investor with 30+ years experience. Driving the vision and strategic direction for our global growth program Neil Laird CFO & Treasurer Senior finance leader with 25+ years in technology / public- company operati
Slide 4: Our Vision
NASDAQ: ONDS ONDAS +) Our Vision Building the next-generation of integrated ail Defense and Security autonomy il antl ml Delivering autonomous, unmanned and connected systems that power mission-critical operations worldwide Building the infrastructure of resilience and intelligence that governments
Slide 5: Delivering Next Generation Critical Defense & Security Solutions
NASDAQ: ONDS, Delivering Next Generation Critical Defense & Security Solutions Combat Proven Platforms Defense & Security Infrastructure Large, Fast Growing End Markets Scalable Operating Platform Strategic Growth Program Listed Offices Nasdaq: ONDS West Palm Beach, FL Baltimore, MD Employees Petah
Slide 6: Recent Highlights
NASDAQ: ONDS ONDAS +) Recent Highlights Strategy validated in 2025, poised for acceleration in 2026 ( * Delivered record Q3 revenue of $10.1M, up 6x YoY * Pre-announced @4 revenue of $27M-$29M up 6x YoY, Backlog increased to $65.3M (up from $10.0M in Jan. 2025) + Raised FY26 revenue target to $170-$
Slide 7: Cycle Launched: It's Unmanned & Autonomous
ONDAS +) NASDAQ: ONDS Cycle Launched: It’s Unmanned & Autonomous Autonomous Weaponry & Unmanned Systems Usher in the Age of Asymmetric Warfare Inexpensive attritable autonomous systems represent an existential threat to the western defense apparatus Ondas is Moving Fast to Capitalizing on a Once-in-
Slide 8: Transformation Launched in 2025
NASDAQ: ONDS ONDAS +) Transformation Launched in 2025 Advanced 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 long-term growth to build — operating leverage
Slide 9: C-UAS, UGV, UAS/UAV
C - UAS UGV UAS/UAV C - UAS UGV UAS/UAV
Slide 10: Policy Response Creates Further Tailwinds
NASDAQ: ONDS ONDAS +) Policy Response Creates Further Tailwinds mz) g Regulation & Federal Spending Catalyze Autonomous Drone Adoption F ) UNLEASHING AMERICAN + Budgetary Commitment - >$4B in OBBBA funding explicitly targets DRONE DOMINANCE drone dominance and C-UAS as a national security priority.
Slide 11: Scalable Operating Platform
ONDAS +) NASDAQ: ONDS, Scalable Operating Platform GO-To-Market j Building a unified, high-growth operating engine i £ Infrastructure for Operating Scale ; 2 : 3 2 3 2 P 3 + Integrate OAS Core, acquisitions, leadership, and talent into a unified operating = SB 8 s 2 $ Ss a 2 z = SB platform SPELELaL
Slide 12: High Quality Customer Base
NASDAQ: ONDS ONDAS +) High Quality Customer Base Strong customer base with a presence in the U.S. and Israel, while operating across SO countries. Showcases exceptional resilience, world-class product quality, and a commitment for outstanding service. = = = -- “of =@ - REE USA * . we Military Standa
Slide 13: Established Global Footprint
NASDAQ: ONDS, Serving Tier-1 Defense, Public Safety, and Security agencies worldwide through a growing Offices West Palm Beach, FL Baltimore, MD Petah Tikva, Israel Dubai, UAE Sunnyvale, CA Tallin, Estonia New York, NY Established Global Footprint ONDAS +) network of headquarters, customers, and str
Slide 14: Core Areas of Focus Today
NASDAQ: ONDS ONDAS +) 3 Core Areas of Focus Today Counter UAS Layered tools and infrastructure to detect, identify and mitigate threats from hostile drones Airand LandISR Automated ISR and DFR platform, One Way Attack (OWA) system, land intelligence and demining systems UGV/Ground Robots “Bots befor
Slide 15: Counter UAS
NASDAQ: ONDS ONDAS +) Counter UAS $52 billion global opportunity — 2026 is year1in a multi-year infrastructure buildout IRON 7 a DRONE sentrycs TAM is based on Frost & Sullivan forecasts for C-UAS, UAS, and UGV markets. C-UAS values are adjusted +35% from 2026 onward to reflect accelerated threat-dr
Slide 16: Counter UAS: Detect. Identify. Mitigate.
NASDAQ: ONDS ONDAS +) Laren eee] ii Counter UAS DETECT. IDENTIFY. MITIGATE. Major infrastructure buildout globally + Integrated detect-to-defeat architecture covering detection, identification, decision, interception, and recovery * — Soft-kill + hard-kill combination, addressing both RF-controlled
Slide 17: 2,447 10,585 • • • • • • • • • • •
577 2,447 10,585 • • • • • • • • • • •
Slide 18: Air and Land ISR
NASDAQ: ONDS ONDAS +) Air and Land ISR Unmanned platforms for automated ISR, strike and land intelligence OPTIMUS SYSTEM An end-to-end, fully automated unmanned aerial system designed to enable on-demand, 24/7 aerial operations in complex and contested environments RIFTWASP 4M SMART DEMINING a comba
Slide 19: Unmanned Ground Vehicles (UGV)
NASDAQ: ONDS ONDAS +) Unmanned Ground Vehicles (UGV) $16 billion market — includes ground autonomy, combat support, ISR and force protection * Portfolio of built-for-purpose, battle proven small to medium sized UGVs * Demand surging as UGVs extend force protection capabilities * Proven deployment ex
Slide 20: Acquisition Strategy
NASDAQ: ONDS ONDAS +) Acquisition Strategy (on We Seek: Consolidating a fragmented market * Companies in our core domains and target markets * We deliver scale to both the supply and demand side * Market leaders and high-growth scalers with excellent management * Massive TAMs in the $10s of billions
Slide 21: Accelerate evolution to Systems of Systems provider
• • • • Accelerate evolution to Systems of Systems provider leveraging autonomy at the core
Slide 22: Multi-Domain Robotics
Multi - Domain Robotics UAV (Aerial), UGV (Ground), UMV (Maritime), And UUV (Underwater) Across All Sizes And Scales
Slide 23: 2025 — Executed Acquisitions
NASDAQ: ONDS 2025 — Executed Acquisitions Strengthens systems of systems capabilities ae sentrycs Roboteam WAPEIRO MOTION Added a best-in-class cyber-over-RF counter-UAS capability, enabling non-kinetic detection, identification, and takeover of hostile drones Expanded OAS into tactical ground robot
Slide 24: Ondas Capital
NASDAQ: ONDS Ondas Capita! 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 Seale proven unman
Slide 25: Expanding Ecosystem
NASDAQ: ONDS: Expanding Ecosystem Ecosystem supports localized technical integration, distribution and sustainment in critical markets , MISTRAL wx VOLATUS AEROSPACE Namme HENSOLD}) ECHODYNE ‘s: Dedrone ONDAS +) -H=IDELB=ERG flex. QSANDURIL RD Bene RAFAEL@>> 4 Kitron S=NHIV= & AARONIA AG WWW.AARONIA
Slide 26: Ramping Up Manufacturing
ONDAS +) NASDAQ: ONDS Ramping Up Manufacturing comingecons Scaling production capacity and delivering fully NDAA-compliant, Made-in America drone systems HE ID=LB=RG FIBER OPTIC SPOOLS AMERICAN ROBOTICS MTGR | UGVS OPTIMUS | IRON DRONE ROBOTEAM AMERICAN ROBOTICS OPTIMUS | IRON DRONE 28 WASP AIROBOTI
Slide 27: • • • • • • • • • CUAS Aerial / Land ISR
• • • • • • • • • CUAS Aerial / Land ISR UGV Other
Slide 28: Financial Model
ONDAS +) NASDAQ: ONDS, Financial |i ocde! Drive improving unit economics, drive operating leverage with growth and scale — Target gross margins = 50% Production / Supply Chain Scalability * Seek to drive gross margins higher over time with scale/ mix maturity * Production plans support revenue targe
Slide 29: Path to Profitability
ONDAS +) NASDAQ: ONDS, Path to Profitability 30% EBITDA Margin > A Operating leverage benefits from operating platform investments and rapid revenue growth Long Term TERS 7 Q3 2026 Q3 2027 Q1 2028 Technology | Service Delivery Operating Platform Investment Public Company | Admin | Networks | Ondas C
Slide 30: Financial Outcomes
ONDAS +) NASDAQ: ONDS, Financial Outcomes 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 Sieg REVENUE EBITDA BUSI
Slide 31: Investment Cycle Launched
NASDAQ: ONDS ONDAS +) Investment Cycle _aunched Market organization is a once ina generation event [Illustrative, not drawn to scale] * Market dynamics require that strong, scaled operators emerge to support the adoption of unmanned autonomous 82025 © 2035 * TAMS are large and will grow nicely * Tod
Slide 32: Ondas Networks — Upside Optionality
NASDAQ: ONDS ONDAS +) Ondas Networks — Upside Optionality Software-defined connectivity platform offers latent value for Ondas' investors * Pending private network upgrade cycle with the Class | Railroads supporting new automation and intelligence applications * Ondas Networks’ 802.16 has set the st
Slide 33: Thank You
ONDAS =) THANK yOu ir@ondas.com NASDAQ: ONDS | February 2026 Copyright 2026. All rights reserved.