Scott E McKenna

$DRNZ tracks the VettaFi Drone Index — 80% pure-play drone and UAV companies. Defense. Logistics. Agriculture. Infrastructure. AI and autonomy. Manufacturing. The full scope of the drone economy, with drone and UAV companies at the core. YTD Market Price Returns through 3/17/2026: DRNZ: +29.20% JEDI (Drone and Modern Warfare ETF): +14.01%

$ONDS just reported record Q4 and full year 2025 results: Q4 revenue: $30.1M (up 629% YoY) Full year 2025 revenue: $50.7M (~605% YoY) OAS revenue: $49.7M vs $5.3M prior year (840% YoY) Gross margin: 42% in Q4 (vs 21% a year ago) OAS backlog: $68.3M (up from $20.3M) Cash: ~$1.55B pro forma 2026 revenue target raised to at least $375M Q1 2026 guidance: $38–$40M Major acquisitions fueling the ramp: Sentrycs ($224.6M), Mistral ($175M), Bird Aerospace ($110M), Roboteam ($81.7M), INDO Earth Moving ($60M), Rotron Aerospace ($39.9M) Strategic investments in PDW Holdings, World View, Firestorm Labs and others. Palantir partnership driving AI-powered multi-domain operations. ONBERG JV with Heidelberg for European defense manufacturing. Profitability path: product-level by Q3 2026, OAS by Q3 2027, company-wide by Q1 2028. Conference call replay at ir.ondas.com

Ondas reports revised preliminary fourth quarter and full year 2025 financial results and will report final results on March 25, 2026 at 8:30 a.m. ET. $ONDS ondas.com/post/ondas-rep…

Looking for income? REX has options. Join Taylor Ranney, VP of Product Strategy, on March 18 at 1 PM ET, and discover how REX is redefining options-based income investing. Register here: zoom.us/webinar/regist…

Drones are moving from concept to deployment, powered by AI and real-world demand across defense, logistics, and agriculture. For investors, the question is no longer whether drones will reshape industries—but how to capture their growth through focused, pure-play exposure. Join @BillBirminghamm Feb 19 at 1 PM ET for a live webcast on the drone & UAV investment landscape. Register: zoom.us/webinar/regist… View fund page: rexshares.com/drnz/

Counter drone and autonomy names are putting up real numbers. DroneShield $DRO just delivered strong Q4 2025 growth with SaaS revenue accelerating and about A$18M already locked in for 2026, while AeroVironment $AVAV secured a US$75M U.S. Air Force task order for next generation autonomy and smart materials and launched an operational BVLOS airspace management facility with USAF and Ohio DOT. The drone market is tilting toward software, SaaS, counter drone and BVLOS inside a global opportunity that is projected to exceed $160B by 2030.

Whether you’re newer to options or just looking to sharpen your playbook, you’re invited to join Matt Holcomb, @bigredoptions, for a @Benzinga webinar on using options strategies to turn volatility into a potential income opportunity. Date & Time: Thursday, 2/5 at 11:00am EST Save your seat: benzinga.com/events/harness…

Reminder to vote for $DRNZ best new Thematic ETF! 👉etf.com/etf-awards-202…

Weekly Drone Update Defense procurement shifts toward AI & autonomous systems Defense buyers are doubling down on integrated drone and autonomous systems rather than standalone UAV platforms. European defense prime Dassault Aviation ($DUAVF) led a $200M strategic investment in autonomy software specialist Harmattan AI, reinforcing a trend toward AI-enabled capabilities across ISR and autonomous missions. This echoes sustained allied procurement interest in networked, multi-role UAV and counter-UAS ecosystems.​ Counter-drone & ISR demand remains robust NATO forces expanded tactical ISR capabilities with EagleNXT supplying high-endurance UAVs to KFOR in Kosovo, while U.S. defense entities transition from pilot counter-UAS programs into active field acquisitions. These moves highlight continued operational concern over low-cost threats and the need for resilient surveillance platforms.​ Defense component suppliers show momentum Howmet Aerospace ( $HWM) posted strong defense aerospace momentum tied to robust orders for engine spares and military platforms, driven by sustained defense budgets and aircraft sustainment demand—a notable catalyst for broader supply chain confidence in aerospace and UAV-enabling components.​ Meanwhile, Mercury Systems ( $MRCY) continued its strong run with >$60M in new U.S. strategic space and defense contracts, and multi-year awards for advanced processing subsystems that power mission computing and sensor integration—technologies increasingly vital for autonomous UAV, ISR, and command-and-control architectures.​ Commercial drone delivery moves to scale Major logistics players are pushing beyond experimentation: Walmart $WMT expanded its drone delivery partnership with Alphabet’s Wing $GOOGL, aiming to widen service to hundreds of U.S. locations by 2027. This marks a strategic inflection from episodic tests toward scaled commercial operations.​ Capital markets favor autonomy & infra Public markets are reflecting these trends, with autonomy and defense suppliers like $MRCY delivering outsized performance tied to contract visibility, while aerospace supply chain beneficiaries like $HWM gain momentum on strong defense demand. This divergence highlights investor preference for software-leaning and mission-critical hardware over legacy hardware alone.

U.S. Market Events This Week Monday 10-Year Note Auction Tuesday CPI 30-Year Bond Auction New Home Sales API Weekly Crude Oil Stock Wednesday PPI Core Retail Sales Existing Home Sales Crude Oil Inventories Thursday Initial Jobless Claims S&P Global Manufacturing PMI Fed's Balance Sheet Friday Industrial Production U.S. Baker Oil Rig Count CFTC Speculative Net Positions

We’re excited about the continued growth of the REX Drone ETF (DRNZ) and honored to be nominated and named a finalist for Best New Thematic ETF at the ETF.com Awards. Vote now using the link below! @Nasdaq etf.com/etf-awards-202… rexshares.com/drnz/

U.S. Market Events This Week Monday ISM Manufacturing CFTC Crude speculative net positions Tuesday S&P Global Services PMI S&P Global Composite PMI API Weekly Crude Oil Stock Wednesday ADP Nonfarm Employment Change ISM Non-Manufacturing PMI Crude Oil Inventories November JOLTs Job Openings Thursday Initial Jobless Claims Imports Exports Nonfarm Productivity Friday Average Hourly Earnings Nonfarm Payrolls Housing Starts Unemployment Rate

With the REX Growth & Income strategy, investors don’t have to choose between upside and income. The REX TSLA Growth & Income ETF, $TSII, outpaced both the underlying stock $TSLA, and the fully overwritten YieldMax TSLA Option Income Strategy ETF, $TSLY – while delivering weekly distributions. REX only overwrites half the portfolio, aiming to preserve more upside than competitor strategies.

🥇December Distribution News for $FEPI & $AIPI Holders! Distribution for $FEPI Payout Date: 12/26/25 Amount: $0.9836 Distribution for $AIPI Payout Date: 12/26/25 Amount: $1.2081 FEPI Prospectus: rexshares.com/wp-content/upl… FEPI Fund Info: rexshares.com/fepi/ AIPI Prospectus: rexshares.com/wp-content/upl… AIPI Fund Info: rexshares.com/aipi/

Meet $DRNZ, the REX Drone ETF.

@randrewcworth @RobinhoodApp I’m still waiting for mine 😢

This card lets me get gas for $2.69 at BP @RobinhoodApp

These cuts aren't like the old days........

During the first four weeks of $ULTI, it seemed everything was correlated to bitcoin, no matter the sector. Over the last couple trading days, that correlation has broken down, which I think will be good. We’re carrying over 13 of the 20 names from last week for this week’s basket. We collected 7.34% of the fund in option premium for this week’s basket.

$ULTI portfolio update. The REX IncomeMax™ Option Strategy ETF refreshes its portfolio weekly, here’s what changed. Names in purple report earnings this week. Additions: $CIFR $OKLO $QS $PL $SEDG $SMR $USAR Subtractions: $CRDO $IREN $JOBY $LCID $MSTR $RKLB $RUN Fund info and standardized performance: rexshares.com/ulti/