Ondas Holdings Reports Q3 Revenue of $167.5M and EPS Beat
Ondas Holdings (ONDS) reported third-quarter financial results that exceeded analyst expectations on both the top and bottom lines. The company posted GAAP earnings per share (EPS) of -$0.10, which outperformed estimates by $0.04, while revenue reached $167.5 million, surpassing consensus by $19.46 million. The massive year-over-year revenue growth of 1,558.4% highlights a significant scaling phase for the company. Despite the strong financial beat, the market reaction has been volatile as investors weigh the rapid expansion and growing order book against concerns regarding share dilution and production costs.
Tickers: $ONDS
Topics: defense contracts drone technology earnings beat revenue growth