VisionWave (VWAV)
Market Price (9/21/2026): $0.2629 | Market Cap: $5.7 MilSector: Industrials | Industry: Aerospace & Defense
VisionWave (VWAV)
Market Price (9/21/2026): $0.2629Market Cap: $5.7 MilSector: IndustrialsIndustry: Aerospace & Defense
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Megatrend and thematic driversMegatrends include Autonomous Technologies. Themes include Machine Vision. | Weak multi-year price returns2Y Excs Rtn is -128%, 3Y Excs Rtn is -163% Meaningful short interestShort Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 12% | Penny stockMkt Price is 0.3 Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -36 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -12610% Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 432% Expensive valuation multiplesP/SPrice/Sales ratio is 20x Significant share based compensationSBC/Rev LTMShare Based Compensation / Revenue (Sales), Last Twelve Months (LTM) is 2068% Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -821% High stock price volatilityVol 12M is 140% Key risksVWAV key risks include [1] its pre-revenue status and dependence on dilutive funding while operating with negative shareholders' equity, Show more. |
| Megatrend and thematic driversMegatrends include Autonomous Technologies. Themes include Machine Vision. |
| Weak multi-year price returns2Y Excs Rtn is -128%, 3Y Excs Rtn is -163% |
| Meaningful short interestShort Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 12% |
| Penny stockMkt Price is 0.3 |
| Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -36 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -12610% |
| Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 432% |
| Expensive valuation multiplesP/SPrice/Sales ratio is 20x |
| Significant share based compensationSBC/Rev LTMShare Based Compensation / Revenue (Sales), Last Twelve Months (LTM) is 2068% |
| Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -821% |
| High stock price volatilityVol 12M is 140% |
| Key risksVWAV key risks include [1] its pre-revenue status and dependence on dilutive funding while operating with negative shareholders' equity, Show more. |
Qualitative Assessment
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Updated on 9/18/2026
VisionWave (VWAV) stock has lost about 95% since 5/31/2026 because of the following key factors:
1. VisionWave experienced a substantial increase in net losses and faced severe liquidity challenges in fiscal Q2 2026, which ended June 30, 2026. The company reported a net loss of $25.8 million for fiscal Q2 2026, significantly higher than the preliminary estimate of approximately $19.98 million, and a nine-month net loss of $45.7 million. Furthermore, VisionWave held only $26,186 in cash against an operating cash outflow of $6.03 million for fiscal Q2 2026, indicating severe cash burn and a working capital deficit of $33.3 million.
2. Delayed financial reporting and discrepancies in preliminary loss estimates eroded investor confidence. On August 14, 2026, VisionWave notified the SEC of a delay in filing its Quarterly Report for fiscal Q2 2026, citing the need for additional time to complete financial statements. The actual reported net loss of $25.8 million for fiscal Q2 2026 was nearly 30% above the company's preliminary estimate of approximately $19.98 million, further contributing to market uncertainty.
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VisionWave (VWAV) stock has lost about 95% since 5/31/2026 because of the following key factors:
1. VisionWave experienced a substantial increase in net losses and faced severe liquidity challenges in fiscal Q2 2026, which ended June 30, 2026. The company reported a net loss of $25.8 million for fiscal Q2 2026, significantly higher than the preliminary estimate of approximately $19.98 million, and a nine-month net loss of $45.7 million. Furthermore, VisionWave held only $26,186 in cash against an operating cash outflow of $6.03 million for fiscal Q2 2026, indicating severe cash burn and a working capital deficit of $33.3 million.
2. Delayed financial reporting and discrepancies in preliminary loss estimates eroded investor confidence. On August 14, 2026, VisionWave notified the SEC of a delay in filing its Quarterly Report for fiscal Q2 2026, citing the need for additional time to complete financial statements. The actual reported net loss of $25.8 million for fiscal Q2 2026 was nearly 30% above the company's preliminary estimate of approximately $19.98 million, further contributing to market uncertainty.
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Updated on 9/18/2026
VisionWave (VWAV) stock has lost about 95% since 5/31/2026 because of the following key factors:
1. VisionWave experienced a substantial increase in net losses and faced severe liquidity challenges in fiscal Q2 2026, which ended June 30, 2026. The company reported a net loss of $25.8 million for fiscal Q2 2026, significantly higher than the preliminary estimate of approximately $19.98 million, and a nine-month net loss of $45.7 million. Furthermore, VisionWave held only $26,186 in cash against an operating cash outflow of $6.03 million for fiscal Q2 2026, indicating severe cash burn and a working capital deficit of $33.3 million.
2. Delayed financial reporting and discrepancies in preliminary loss estimates eroded investor confidence. On August 14, 2026, VisionWave notified the SEC of a delay in filing its Quarterly Report for fiscal Q2 2026, citing the need for additional time to complete financial statements. The actual reported net loss of $25.8 million for fiscal Q2 2026 was nearly 30% above the company's preliminary estimate of approximately $19.98 million, further contributing to market uncertainty.
3. The company demonstrated high leverage and concerns regarding shareholder dilution due to new capital raising efforts and a reverse stock split. As of June 30, 2026, VisionWave reported current promissory notes of $22.3 million and convertible notes of $5.8 million. Additionally, VisionWave entered into an At-The-Market (ATM) Issuance Sales Agreement on September 18, 2026, allowing it to sell up to $30 million of common stock, which introduces potential dilution for existing shareholders. The company also announced a 1-for-20 reverse stock split, effective September 22, 2026, primarily to maintain compliance with Nasdaq's $1.00 minimum bid price requirement, often signaling prior share price weakness.
4. Overwhelming negative analyst sentiment and significant insider selling contributed to the stock's decline. Analysts have issued a consensus "Sell" rating for VisionWave, with an average rating score of 1.00. Insider activity over the past 12 months showed substantial insider selling totaling $8.4 million, with no corresponding insider purchases, indicating a strong lack of confidence from company insiders.
Show less
VisionWave (VWAV) stock has lost about 95% since 5/31/2026 because of the following key factors:
1. VisionWave experienced a substantial increase in net losses and faced severe liquidity challenges in fiscal Q2 2026, which ended June 30, 2026. The company reported a net loss of $25.8 million for fiscal Q2 2026, significantly higher than the preliminary estimate of approximately $19.98 million, and a nine-month net loss of $45.7 million. Furthermore, VisionWave held only $26,186 in cash against an operating cash outflow of $6.03 million for fiscal Q2 2026, indicating severe cash burn and a working capital deficit of $33.3 million.
2. Delayed financial reporting and discrepancies in preliminary loss estimates eroded investor confidence. On August 14, 2026, VisionWave notified the SEC of a delay in filing its Quarterly Report for fiscal Q2 2026, citing the need for additional time to complete financial statements. The actual reported net loss of $25.8 million for fiscal Q2 2026 was nearly 30% above the company's preliminary estimate of approximately $19.98 million, further contributing to market uncertainty.
3. The company demonstrated high leverage and concerns regarding shareholder dilution due to new capital raising efforts and a reverse stock split. As of June 30, 2026, VisionWave reported current promissory notes of $22.3 million and convertible notes of $5.8 million. Additionally, VisionWave entered into an At-The-Market (ATM) Issuance Sales Agreement on September 18, 2026, allowing it to sell up to $30 million of common stock, which introduces potential dilution for existing shareholders. The company also announced a 1-for-20 reverse stock split, effective September 22, 2026, primarily to maintain compliance with Nasdaq's $1.00 minimum bid price requirement, often signaling prior share price weakness.
4. Overwhelming negative analyst sentiment and significant insider selling contributed to the stock's decline. Analysts have issued a consensus "Sell" rating for VisionWave, with an average rating score of 1.00. Insider activity over the past 12 months showed substantial insider selling totaling $8.4 million, with no corresponding insider purchases, indicating a strong lack of confidence from company insiders.
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Stock Movement Drivers
Fundamental Drivers
The -95.8% change in VWAV stock from 5/31/2026 to 9/20/2026 was primarily driven by a null change in the company's P/S Multiple.| (LTM values as of) | 5312026 | 9202026 | Change |
|---|---|---|---|
| Stock Price ($) | 6.32 | 0.26 | -95.8% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 0 | 0 | 9.2233720368547763E17% |
| P/S Multiple | ∞ | 19.9 | |
| Shares Outstanding (Mil) | 20 | 22 | -9.9% |
| Cumulative Contribution | 0.0% |
Market Drivers
5/31/2026 to 9/20/2026| Return | Correlation | |
|---|---|---|
| VWAV | -95.8% | |
| Market (SPY) | 0.9% | 10.7% |
| Sector (XLI) | -2.0% | 8.7% |
Fundamental Drivers
The -96.6% change in VWAV stock from 2/28/2026 to 9/20/2026 was primarily driven by a null change in the company's P/S Multiple.| (LTM values as of) | 2282026 | 9202026 | Change |
|---|---|---|---|
| Stock Price ($) | 7.77 | 0.26 | -96.6% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 0 | 0 | 9.2233720368547763E17% |
| P/S Multiple | ∞ | 19.9 | |
| Shares Outstanding (Mil) | 15 | 22 | -30.2% |
| Cumulative Contribution | 0.0% |
Market Drivers
2/28/2026 to 9/20/2026| Return | Correlation | |
|---|---|---|
| VWAV | -96.6% | |
| Market (SPY) | 11.6% | 15.0% |
| Sector (XLI) | -3.9% | 14.4% |
Fundamental Drivers
The -97.3% change in VWAV stock from 8/31/2025 to 9/20/2026 was primarily driven by a -34.3% change in the company's Shares Outstanding (Mil).| (LTM values as of) | 8312025 | 9202026 | Change |
|---|---|---|---|
| Stock Price ($) | 9.58 | 0.26 | -97.3% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | � | 0 | 0.0% |
| P/S Multiple | � | 19.9 | 0.0% |
| Shares Outstanding (Mil) | 14 | 22 | -34.3% |
| Cumulative Contribution | 0.0% |
Market Drivers
8/31/2025 to 9/20/2026| Return | Correlation | |
|---|---|---|
| VWAV | -97.3% | |
| Market (SPY) | 19.4% | 18.8% |
| Sector (XLI) | 12.8% | 15.6% |
Fundamental Drivers
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Market Drivers
8/31/2023 to 9/20/2026| Return | Correlation | |
|---|---|---|
| VWAV | ||
| Market (SPY) | 75.6% | 5.2% |
| Sector (XLI) | 63.4% | 3.7% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| VWAV Return | - | - | - | - | 183% | -96% | -89% |
| Peers Return | -9% | -14% | 69% | -8% | 88% | -15% | 93% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 12% | 103% |
Monthly Win Rates [3] | |||||||
| VWAV Win Rate | - | - | - | - | 50% | 33% | |
| Peers Win Rate | 42% | 50% | 58% | 25% | 52% | 49% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 44% | |
Max Drawdowns [4] | |||||||
| VWAV Max Drawdown | - | - | - | - | - | -97% | |
| Peers Max Drawdown | -51% | -48% | -35% | -33% | -24% | -51% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: FLY, ATRO, FBDT, LYNX, SPCX.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 9/18/2026 (YTD)
How Low Can It Go
VWAV has limited trading history. Below is the Industrials sector ETF (XLI) in its place.
| Event | XLI | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -15.8% | -18.8% |
| % Gain to Breakeven | 18.8% | 23.1% |
| Time to Breakeven | 34 days | 79 days |
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -11.7% | -9.5% |
| % Gain to Breakeven | 13.2% | 10.5% |
| Time to Breakeven | 45 days | 24 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -20.1% | -24.5% |
| % Gain to Breakeven | 25.1% | 32.4% |
| Time to Breakeven | 125 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -41.6% | -33.7% |
| % Gain to Breakeven | 71.2% | 50.9% |
| Time to Breakeven | 231 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -23.7% | -19.2% |
| % Gain to Breakeven | 31.1% | 23.8% |
| Time to Breakeven | 120 days | 105 days |
| 2015-2016 China Devaluation / Global Growth Scare | ||
| % Loss | -11.1% | -12.2% |
| % Gain to Breakeven | 12.5% | 13.9% |
| Time to Breakeven | 51 days | 62 days |
In The Past
State Street Industrial Select Sector SPDR ETF's stock fell -15.8% during the 2025 US Tariff Shock. Such a loss loss requires a 18.8% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
VWAV has limited trading history. Below is the Industrials sector ETF (XLI) in its place.
| Event | XLI | S&P 500 |
|---|---|---|
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -20.1% | -24.5% |
| % Gain to Breakeven | 25.1% | 32.4% |
| Time to Breakeven | 125 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -41.6% | -33.7% |
| % Gain to Breakeven | 71.2% | 50.9% |
| Time to Breakeven | 231 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -23.7% | -19.2% |
| % Gain to Breakeven | 31.1% | 23.8% |
| Time to Breakeven | 120 days | 105 days |
| 2011 US Debt Ceiling Crisis & European Contagion | ||
| % Loss | -22.5% | -17.9% |
| % Gain to Breakeven | 29.0% | 21.8% |
| Time to Breakeven | 114 days | 123 days |
| 2008-2009 Global Financial Crisis | ||
| % Loss | -60.5% | -53.4% |
| % Gain to Breakeven | 153.2% | 114.4% |
| Time to Breakeven | 700 days | 1085 days |
In The Past
State Street Industrial Select Sector SPDR ETF's stock fell -15.8% during the 2025 US Tariff Shock. Such a loss loss requires a 18.8% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About VisionWave (VWAV)
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Douglas Davis, Interim CEO and Executive Chairman
Douglas Davis was appointed Interim CEO and Executive Chairman of VisionWave in December 2025. He has over 35 years of experience in technology and finance, having served as CEO for both public and private companies. Notably, he was the Chairman and CEO of Bannix Acquisition Corp (BNIX), a SPAC that facilitated VisionWave Holdings, Inc.'s listing on the NASDAQ Global Market through a de-SPAC and business combination. He is recognized as an expert in international business development, mergers and acquisitions (M&A), information technology (IT), artificial intelligence (AI), robotics, and supply chain. Mr. Davis holds an AB from Stanford and an MBA from UCLA.
Erik Klinger, Chief Financial Officer
Erik Klinger serves as the Chief Financial Officer for VisionWave. He is characterized as a growth-focused executive with significant experience in mergers and acquisitions, capital markets, and public company operations. Previously, he held the positions of CEO at CIMfinity and CFO at Gopher Protocol, where he demonstrated a strong track record in scaling technology ventures. He holds degrees from Dartmouth and an MBA from UCLA.
David Allon, Chief Operating Officer
David Allon was appointed Chief Operating Officer effective September 2, 2025.
Danny Rittman, Chief Technology Officer
Danny Rittman is the Chief Technology Officer. He is an experienced inventor with extensive expertise in artificial intelligence, chip design, and software engineering.
Elad Shoval, Chief Revenue Officer
Elad Shoval assumed the role of Chief Revenue Officer effective September 2, 2025.
AI Analysis | Feedback
VisionWave (symbol: VWAV) faces several key risks as an early-stage defense technology company focused on AI and autonomous solutions.
- Lack of Revenue and Profitability: VisionWave is currently a pre-revenue company with ongoing operating losses, indicating it has yet to prove product-market fit or demonstrate the market viability of its offerings. This fundamental challenge raises questions about its long-term viability and its ability to achieve sustainable financial performance.
- Dependence on Future Funding and Potential Shareholder Dilution: Given its lack of revenue and continued losses, VisionWave relies on external funding to finance its operations and development. While the company has secured some financing, future capital needs will likely necessitate further equity raises, which could lead to dilution for existing shareholders.
- Negative Insider Sentiment and Stock Volatility: The company's stock has experienced volatility. Notably, there has been significant open-market selling by key executives over the past three months, with no corresponding insider buying activity. This negative insider sentiment can signal a lack of confidence in the company's future prospects by those with the most intimate knowledge of the business.
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VisionWave (symbol: VWAV) operates in several key addressable markets globally, primarily within the defense technology, artificial intelligence (AI), autonomous systems, and advanced sensing sectors. The company's main products and services encompass AI-driven autonomous solutions, advanced radio-frequency (RF) sensing and imaging, high-resolution radar, and computational acceleration technologies for national security, defense, and critical infrastructure applications.
The estimated addressable market sizes for VisionWave's core product and service areas are as follows:
- AI in Military/Defense Market: The global artificial intelligence in military market was valued at approximately USD 18.75 billion in 2025 and is projected to reach USD 101.02 billion by 2034, exhibiting a compound annual growth rate (CAGR) of 20.7% from 2026 to 2034. Another projection indicates the global AI in defense market was valued at around USD 9.13 billion in 2025 and is expected to exceed USD 29 billion by 2035, with a CAGR of about 12.5%.
- Defense Autonomous Systems Market: The global defense autonomous vehicle market size was valued at USD 9.789 billion in 2024 and is estimated to grow at a CAGR of 26.9% from 2024 to 2030, reaching USD 43.72 billion by 2030. Separately, the autonomous military weapons and defense systems market was estimated at USD 12.3 billion in 2024 and is expected to reach USD 36.5 billion by 2033, with a CAGR of roughly 13.2%. The broader global defense robotics market is expected to cross USD 38.12 billion by 2033, growing at a CAGR of 7.69% from 2023 to 2033.
- Military Radar Market: The global military radar market was valued at USD 14.8 billion in 2024 and is projected to reach USD 25.1 billion by 2034, driven by a CAGR of 5.6% from 2025 to 2034. Other estimates indicate the market was valued at USD 17.5 billion in 2025 and is expected to reach USD 24.1 billion by 2034, at a CAGR of 3.48% from 2026-2034.
- Counter-Unmanned Aerial System (C-UAS) Market: The global counter-unmanned aerial system (C-UAS) market size was valued at USD 8.40 billion in 2025. It is projected to grow from USD 10.63 billion in 2026 to USD 69.67 billion by 2034, exhibiting a CAGR of 26.50% during the forecast period. The total addressable market for CUxS technologies was estimated at USD 63 billion in 2025.
- Military Sensors Market (including RF sensing): The global military sensors market size is calculated at USD 11.03 billion in 2025 and is projected to hit approximately USD 19.27 billion by 2034, growing at a CAGR of 6.40% from 2025 to 2034. Another source projects a market size of USD 21.10 billion in 2032 from USD 13.12 billion in 2024, with a CAGR of 6.12% during 2025-2032.
- Military & Defense Semiconductor Market (relevant to computational acceleration and AI infrastructure): The global military & defense semiconductor market was valued at USD 12.9 billion in 2025 and is expected to grow from USD 14.1 billion in 2026 to USD 36.6 billion by 2035, at a CAGR of 11.2%.
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VisionWave (VWAV) is positioned for future revenue growth over the next 2-3 years, driven by its strategic focus on advanced defense technology, AI-driven autonomous systems, and expanding market reach. Key drivers include:
- Commercialization of Advanced AI and RF Sensing Technologies: VisionWave is transitioning from research and development to commercialization, with strong revenue growth anticipated to begin in 2026. The company is actively focusing on deploying its proprietary Evolved Intelligence autonomous AI engine and Vision-RF radio-frequency imaging technologies, targeting the rapidly expanding defense AI market, which is projected to grow by $23 billion from 2024-2028.
- Expansion into New Geographical and Commercial Markets: The company is actively expanding its operational footprint globally. Recent efforts include significant European expansion, particularly in Italy and Spain through its subsidiary Solar Drone Ltd., where it targets energy and infrastructure markets with drone-enabled services such as high-voltage insulator cleaning and power grid maintenance. Furthermore, VisionWave has active pilot programs with government partners in key regions including the United States, United Arab Emirates, Israel, and India, and is evaluating defense manufacturing partnerships in India.
- Launch and Integration of Recently Acquired and Developed Products/Platforms: VisionWave's strategic acquisitions and internal developments are expected to fuel revenue. The acquisition of Solar Drone Ltd. in December 2025 provides autonomous aerial platforms with a universal Adaptation Kit and heavy-lift capabilities for industrial applications. Additionally, the acquisition of the QuantumSpeed™ computational acceleration engine in January 2026 is intended to enhance AI processing for products like the WaveStrike™ RF-enabled fire-control workflows and the ARGUS counter-UAS systems, enabling faster decision-making in defense scenarios.
- Securing Defense Contracts with Governments and Allied Agencies: As a defense technology company, a primary driver of revenue growth will be securing significant contracts. VisionWave is actively pursuing defense contracts with U.S. agencies and allied governments. The company's integrated technology platform, combining autonomous systems, RF sensing, and AI infrastructure, positions it to address the growing global demand for advanced defense modernization and critical infrastructure protection solutions.
- Strategic Partnerships and Joint Ventures: VisionWave's business model incorporates revenue generation through strategic alliances and joint ventures. The company is expanding its strategic technology partnerships and has engaged in active pilots with Tier-1 defense contractors. An agreement with a major creditor of C.M. Composite Materials to advance a planned acquisition also points to potential for expanded manufacturing capabilities and participation in global defense supply chains, further diversifying its revenue streams.
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Share Issuance
- VisionWave Holdings, Inc. filed a prospectus supplement to register up to 10,200,000 shares of Common Stock for resale by a selling stockholder, to be issued under a Standby Equity Purchase Agreement.
- The company issued 250,000 shares, valued at $2,500,000, to acquire a 51% controlling interest in C.M. Composite Materials Ltd. on February 20, 2026.
- VisionWave issued common stock valued at approximately $2.74 million in exchange for an initial 19.99% ownership stake in SaverOne 2014 Ltd. under an Exchange Agreement dated January 26, 2026.
Inbound Investments
- VisionWave secured $20 million in senior loan financing with a 12-month maturity, a 0% interest rate (rising to 18% upon default), and a 15% original issue discount.
- The company has a Standby Equity Purchase Agreement with YA II PN, Ltd., which involves potential advances based on VWAP pricing.
Outbound Investments
- On February 20, 2026, VisionWave agreed to acquire a 51% controlling interest in C.M. Composite Materials Ltd. and committed to providing a secured loan facility of up to $5,000,000, with an initial advance of up to $1,500,000.
- VisionWave acquired an initial 19.99% ownership position in SaverOne 2014 Ltd. on March 5, 2026, as part of a strategic collaboration.
- Following the initial transaction, VisionWave increased its beneficial ownership in SaverOne Ltd. to approximately 21% through open-market purchases of American Depositary Shares.
Capital Expenditures
- Capital expenditures in the last 12 months totaled approximately -$50,381.
- The primary focus of future capital expenditures is expected to include the full platform launch for autonomous missions and the deployment of a full operational AI infrastructure platform, both targeted by the end of 2027.
Peer Outperformance in Aerospace & Defense
nullShare of Aerospace & Defense constituents that VWAV has outperformed, by holding period. Peers without a full price history over a given window are excluded from that window.
1Y
0%
of 70 industry peers · -97.5% return
3Y
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insufficient peer history
5Y
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insufficient peer history
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Median price return by industry across the Industrials sector, ranked by 5Y. Aerospace & Defense is VWAV's own industry. Use this to see which corners of the sector have carried the returns.
| Industry | Names | 1Y med | 3Y med | 5Y med | Top 3 by 5Y |
|---|---|---|---|---|---|
| Construction & Engineering | 31 | 7.0% | 104.6% | 189.6% | FIX 2338% · STRL 2296% · CDNL 2275% |
| Marine Transportation | 5 | 88.1% | 65.8% | 180.5% | HOS 44163% · MATX 208% · SFL 181% |
| Construction Machinery & Heavy Transportation Equipment | 13 | 11.7% | 58.9% | 128.8% | CAT 364% · ALSN 258% · WAB 236% |
| Aerospace & Defense ← | 55 | -6.5% | 68.9% | 75.0% | ATI 1076% · FTAI 1008% · HWM 661% |
| Rail Transportation | 7 | 29.3% | 58.4% | 59.0% | FSTR 147% · CSX 70% · RAIL 69% |
| Trading Companies & Distributors | 19 | 4.3% | 37.2% | 50.9% | DXPE 581% · AIT 305% · WCC 222% |
| Industrial Machinery & Supplies & Components | 72 | 9.1% | 51.5% | 43.2% | CRS 1278% · PSIX 1091% · EROC 652% |
| Diversified Support Services | 33 | 13.4% | 34.2% | 36.0% | LIME 3498% · TH 459% · WLFC 363% |
| Passenger Ground Transportation | 3 | -28.4% | 46.2% | 31.6% | UBER 59% · CAR 32% · LYFT -72% |
| Cargo Ground Transportation | 16 | 34.4% | 2.3% | 27.6% | R 251% · XPO 242% · CVLG 163% |
| Electrical Components & Equipment | 41 | 3.4% | 58.5% | 24.2% | POWL 2383% · BE 1333% · VRT 958% |
| Building Products | 33 | -14.7% | 3.4% | 20.0% | LMB 728% · GFF 398% · PPIH 301% |
| Industrial Conglomerates | 17 | 7.9% | 6.5% | 7.9% | RCMT 524% · CSW 142% · DD 76% |
| Agricultural & Farm Machinery | 17 | 6.4% | 4.5% | -2.4% | BLBD 214% · DE 117% · GENC 58% |
| Environmental & Facilities Services | 29 | -11.1% | 24.2% | -7.2% | CECO 929% · ADUR 404% · NVRI 376% |
| Research & Consulting Services | 13 | -12.7% | -22.8% | -10.5% | HURN 219% · CRAI 92% · GRNQ 67% |
| Data Processing & Outsourced Services | 6 | -33.4% | -14.8% | -24.6% | EXLS 46% · BR 10% · G -23% |
| Passenger Airlines | 11 | 3.2% | 13.3% | -27.7% | LTM 3169% · UAL 145% · SKYW 113% |
| Office Services & Supplies | 9 | 7.4% | 12.6% | -32.7% | PBI 202% · TILE 148% · HNI 51% |
| Human Resource & Employment Services | 22 | 6.5% | -15.5% | -36.3% | BBSI 89% · ADP 54% · PAYX 25% |
| Air Freight & Logistics | 12 | -18.0% | -19.7% | -39.1% | CHRW 97% · EXPD 67% · FDX 66% |
| Security & Alarm Services | 10 | -37.7% | 22.8% | -44.9% | CIX 157% · MG 128% · BCO 68% |
| Airport Services | 3 | -75.1% | -78.7% | -61.9% | JOBY -35% · ASLE -62% · UP -100% |
Median of constituents with a full price history over each window. Top names are unfiltered by size in this render.
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 17.33 |
| Mkt Cap | 3.1 |
| Rev LTM | 287 |
| Op Inc LTM | -36 |
| FCF LTM | -167 |
| FCF 3Y Avg | 27 |
| CFO LTM | 48 |
| CFO 3Y Avg | 48 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 96.8% |
| Rev Chg 3Y Avg | 15.0% |
| Rev Chg Q | 341.9% |
| QoQ Delta Rev Chg LTM | 30.7% |
| Op Inc Chg LTM | 103.5% |
| Op Inc Chg 3Y Avg | 556.3% |
| Op Mgn LTM | -118.0% |
| Op Mgn 3Y Avg | 6.0% |
| QoQ Delta Op Mgn LTM | 23.1% |
| CFO/Rev LTM | -40.6% |
| CFO/Rev 3Y Avg | 5.2% |
| FCF/Rev LTM | -135.6% |
| FCF/Rev 3Y Avg | 3.0% |
Price Behavior
Price Behavior
| Market Price | $0.26 | |
| Market Cap ($ Bil) | 0.0 | |
| First Trading Date | 07/15/2025 | |
| Distance from 52W High | -98.1% | |
| 50 Days | 200 Days | |
| DMA Price | $2.13 | $8.36 |
| DMA Trend | down | down |
| Distance from DMA | -87.6% | -96.9% |
| 3M | 1YR | |
| Volatility | 177.9% | 139.8% |
| Downside Capture | 1199.59 | 558.49 |
| Upside Capture | -444.13 | 35.12 |
| Correlation (SPY) | 7.9% | 17.9% |
VWAV Betas & Captures as of 8/31/2026
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 1.77 | 1.64 | 1.08 | 1.54 | 1.97 | 0.67 |
| Up Beta | -1.70 | 1.26 | 2.21 | 0.09 | 0.88 | -0.29 |
| Down Beta | 20.72 | 8.36 | 2.28 | 0.81 | 1.70 | -1.40 |
| Up Capture | -304% | -385% | -257% | -25% | 56% | 1% |
| Bmk +ve Days | 10 | 21 | 32 | 68 | 138 | 427 |
| Stock +ve Days | 6 | 11 | 20 | 50 | 103 | 116 |
| Down Capture | 1095% | 599% | 373% | 284% | 193% | 87% |
| Bmk -ve Days | 11 | 21 | 32 | 59 | 113 | 324 |
| Stock -ve Days | 14 | 30 | 43 | 75 | 146 | 166 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with VWAV | |
|---|---|---|---|---|
| VWAV | -97.6% | 139.6% | -1.97 | - |
| Sector ETF (XLI) | 13.5% | 17.2% | 0.57 | 15.4% |
| Equity (SPY) | 16.9% | 12.9% | 0.94 | 18.3% |
| Gold (GLD) | 19.1% | 29.3% | 0.60 | 12.4% |
| Commodities (DBC) | 46.3% | 20.6% | 1.73 | 3.7% |
| Real Estate (VNQ) | 4.9% | 13.6% | 0.10 | 10.9% |
| Bitcoin (BTCUSD) | -30.6% | 44.3% | -0.70 | 5.6% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with VWAV | |
|---|---|---|---|---|
| VWAV | -39.6% | 366.9% | 0.17 | - |
| Sector ETF (XLI) | 12.4% | 17.6% | 0.54 | 3.7% |
| Equity (SPY) | 12.9% | 17.2% | 0.57 | 5.2% |
| Gold (GLD) | 19.1% | 18.8% | 0.83 | 1.5% |
| Commodities (DBC) | 11.2% | 19.5% | 0.45 | 4.6% |
| Real Estate (VNQ) | 1.1% | 18.8% | -0.05 | -7.4% |
| Bitcoin (BTCUSD) | 12.5% | 52.5% | 0.42 | 1.5% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with VWAV | |
|---|---|---|---|---|
| VWAV | -22.3% | 366.9% | 0.17 | - |
| Sector ETF (XLI) | 13.1% | 20.1% | 0.57 | 3.7% |
| Equity (SPY) | 15.1% | 18.0% | 0.72 | 5.2% |
| Gold (GLD) | 12.1% | 16.4% | 0.61 | 1.5% |
| Commodities (DBC) | 8.3% | 18.1% | 0.37 | 4.6% |
| Real Estate (VNQ) | 4.4% | 20.7% | 0.18 | -7.4% |
| Bitcoin (BTCUSD) | 62.6% | 66.2% | 1.02 | 1.5% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Earnings Returns History
Updated 6/2/2026| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| SUMMARY STATS | |||
| # Positive | 0 | 0 | 0 |
| # Negative | 0 | 0 | 0 |
| Median Positive | |||
| Median Negative | |||
| Max Positive | |||
| Max Negative | |||
| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| SUMMARY STATS | |||
| # Positive | 0 | 0 | 0 |
| # Negative | 0 | 0 | 0 |
| Median Positive | |||
| Median Negative | |||
| Max Positive | |||
| Max Negative | |||
Insider Activity
Updated 7/6/2026| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Magic, Internacional Argentina FC SL Llc | Direct | Sell | 2122026 | 9.00 | 2,080 | 18,720 | 18,055,980 | Form | |
| 2 | Magic, Internacional Argentina FC SL Llc | Direct | Sell | 2122026 | 9.58 | 12,200 | 116,876 | 19,239,514 | Form | |
| 3 | Stanley, Hills Llc | Direct | Sell | 1302026 | 14.45 | 96,941 | 1,400,797 | 48,987,971 | Form | |
| 4 | Stanley, Hills Llc | Direct | Sell | 1302026 | 13.81 | 38,059 | 525,595 | 48,157,017 | Form | |
| 5 | Stanley, Hills Llc | Direct | Sell | 1302026 | 14.67 | 66,500 | 975,555 | 51,714,259 | Form |
| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Magic, Internacional Argentina FC SL Llc | Direct | Sell | 2122026 | 9.00 | 2,080 | 18,720 | 18,055,980 | Form | |
| 2 | Magic, Internacional Argentina FC SL Llc | Direct | Sell | 2122026 | 9.58 | 12,200 | 116,876 | 19,239,514 | Form | |
| 3 | Stanley, Hills Llc | Direct | Sell | 1302026 | 14.45 | 96,941 | 1,400,797 | 48,987,971 | Form | |
| 4 | Stanley, Hills Llc | Direct | Sell | 1302026 | 13.81 | 38,059 | 525,595 | 48,157,017 | Form | |
| 5 | Stanley, Hills Llc | Direct | Sell | 1302026 | 14.67 | 66,500 | 975,555 | 51,714,259 | Form | |
| 6 | Stanley, Hills Llc | Direct | Sell | 1302026 | 14.74 | 83,000 | 1,223,420 | 52,941,231 | Form | |
| 7 | Stanley, Hills Llc | Direct | Sell | 1302026 | 12.91 | 54,078 | 698,147 | 47,440,003 | Form | |
| 8 | Stanley, Hills Llc | Direct | Sell | 1302026 | 12.08 | 82,261 | 993,713 | 45,043,288 | Form | |
| 9 | Stanley, Hills Llc | Direct | Sell | 1302026 | 10.37 | 56,231 | 583,115 | 39,520,174 | Form | |
| 10 | Stanley, Hills Llc | Direct | Sell | 1302026 | 10.10 | 3,869 | 39,077 | 39,059,134 | Form | |
| 11 | Stanley, Hills Llc | Direct | Sell | 1302026 | 10.01 | 21,998 | 220,200 | 38,749,811 | Form | |
| 12 | Stanley, Hills Llc | Direct | Sell | 1302026 | 10.03 | 4,002 | 40,140 | 39,047,873 | Form | |
| 13 | Stanley, Hills Llc | Direct | Sell | 1302026 | 9.98 | 4,000 | 39,920 | 38,893,158 | Form | |
| 14 | Stanley, Hills Llc | Direct | Sell | 1302026 | 10.15 | 21,997 | 223,270 | 39,596,266 | Form | |
| 15 | Stanley, Hills Llc | Direct | Sell | 1302026 | 9.32 | 17,240 | 160,677 | 36,563,357 | Form | |
| 16 | Stanley, Hills Llc | Direct | Sell | 1302026 | 9.24 | 8,760 | 80,942 | 36,408,806 | Form | |
| 17 | Stanley, Hills Llc | Direct | Sell | 1302026 | 10.25 | 3 | 31 | 40,478,347 | Form | |
| 18 | Stanley, Hills Llc | Direct | Sell | 1302026 | 10.40 | 10,000 | 104,000 | 41,070,744 | Form | |
| 19 | Stanley, Hills Llc | Direct | Sell | 1302026 | 10.13 | 12,000 | 121,560 | 40,105,784 | Form | |
| 20 | Stanley, Hills Llc | Direct | Sell | 1302026 | 11.31 | 2,061 | 23,310 | 44,913,254 | Form | |
| 21 | Stanley, Hills Llc | Direct | Sell | 1302026 | 11.18 | 8,000 | 89,440 | 44,420,052 | Form | |
| 22 | Stanley, Hills Llc | Direct | Sell | 1302026 | 11.27 | 6,000 | 67,620 | 44,867,797 | Form | |
| 23 | Stanley, Hills Llc | Direct | Sell | 1302026 | 12.11 | 19,000 | 230,090 | 48,284,641 | Form | |
| 24 | Stanley, Hills Llc | Direct | Sell | 1302026 | 11.88 | 21,500 | 255,420 | 47,593,311 | Form | |
| 25 | Stanley, Hills Llc | Direct | Sell | 1302026 | 13.05 | 13,727 | 179,137 | 52,561,107 | Form |
Industry Resources
| Industrials Resources |
| IndustryWeek |
| Manufacturing.net |
| Aviation Week |
| Aerospace & Defense Resources |
| Defense News |
| FlightGlobal |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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Core Cache Last Updated: 9/20/2026