Ondas Holdings Inc.ONDS
▼ NegativeCapitalrelevance
Mixed Q2 results: revenue beat but EPS loss worse than expected, causing shares to fall.
Impact on stocks 1
Defense & Geopolitical Fragmentation
Ondas Holdings Inc.Ondas shares dropped 6.2% in Thursday trading after the drone specialist reported mixed second-quarter results. Revenue surged 1,236% year over year to $83.8 million, beating analyst estimates by $15.8 million, but the company posted a loss of $0.19 per share, $0.09 worse than expected. Ondas raised its full-year sales guidance to between $525 million and $550 million, up from a prior target of at least $390 million. The company also said it expects adjusted EBITDA margin improvement in the current quarter and overall adjusted EBITDA profits in the fourth quarter of next year.
Ondas Holdings Inc.Mixed Q2 results: revenue beat but EPS loss worse than expected, causing shares to fall.