DRNZ Overview

Acquisition Announcement: Ondas Inc. has announced a definitive agreement to acquire World View Enterprises, enhancing its capabilities in high-altitude balloon intelligence and sensor technology for multi-layered ISR (Intelligence, Surveillance, and Reconnaissance) applications.

Revenue Forecast: Ondas is projecting a significant increase in its 2026 revenue forecast to at least $375 million, marking nearly a sevenfold increase from 2025, with Q4 2025 revenue reaching $30.1 million, a 629% year-on-year increase.

Market Growth: The company expects to achieve revenues between $38 million and $40 million in Q1 2026, representing an 820% year-over-year increase, driven by its autonomous systems and a backlog of $68.3 million.

Stock Performance: Ondas' stock has seen a rise of over 3% year-to-date, reflecting positive market sentiment and strong financial performance, surpassing analysts' expectations for revenue growth.

ETF Performance: The REX Drone ETF saw significant trading activity on Monday, with Ondas Holdings down about 2% and Palantir Technologies remaining flat, both with high trading volumes.

Amprius Technologies: Amprius Technologies underperformed compared to other ETF components, experiencing a decline of approximately 5.6%.

Trading Volume: Ondas Holdings had over 29.0 million shares traded, while Palantir Technologies had over 15.2 million shares changing hands.

Author's Opinion: The views expressed in the article are those of the author and do not necessarily represent the opinions of Nasdaq, Inc.

Launch of REX Drone ETF: REX Shares has introduced the REX Drone ETF (NASDAQ: DRNZ), the first fund focused exclusively on the global drone and UAV economy, targeting both defense and commercial applications.

Investment Strategy: The ETF tracks the VettaFi Drone Index (VDRONE), prioritizing companies that derive at least 50% of their revenue from drone-related activities, while also including diversified aerospace and defense firms with UAV programs.

Market Potential: With projections indicating that the global drone market will more than double in the next decade, DRNZ provides investors a unique opportunity to engage with a rapidly evolving technology sector.

Comparison with Other ETFs: Unlike the Defiance Drone & Modern Warfare ETF (NYSE: JEDI), which has broader exposure to the defense market, DRNZ is a pure play focused solely on the drone industry, reflecting REX's commitment to thematic and alternative ETFs.

New ETF Launch: Hood River Capital Management has filed to launch the Hood River Drone Innovators ETF, targeting companies that derive significant revenue from the drone ecosystem.

Investment Focus: The ETF will focus on firms involved in drone hardware manufacturing, component supply, AI-driven software development, and various industry applications like defense and logistics.

Portfolio Details: The fund is expected to hold 15 to 40 positions, with the final size dependent on market conditions, although specific holdings have not been disclosed.

Market Context: If approved, this ETF will join a growing list of drone-focused exchange-traded funds, such as the REX Drone ETF and the Defiance Drone & Modern Warfare ETF.