Ondas Achieves Early Adjusted EBITDA Profitability Amid Rapid Growth
Despite a Q1 operating loss of $42.7 million and cash burn of $51.3 million, Ondas (ONDS) reported adjusted EBITDA profitability six months ahead of schedule across its product companies. The company's gross margin expanded significantly to 49%, driven by favorable product mix and pricing power in defense technology segments.
Topics: acquisitions autonomous systems cash burn defense technology EBITDA profitability