Ondas (ONDS) Soars 19% as Losses Shrink

Ondas Holdings climbed by 19.06 percent connected Thursday to adjacent astatine $6.56 apiece arsenic investors took bosom from the company’s beardown net show successful the 3rd 4th of the year.

In its fiscal statement, Ondas Holdings Inc. (NASDAQ:ONDS) said it narrowed its nett nonaccomplishment attributable to shareholders by 17.7 percent to $8.78 cardinal from $10.67 cardinal successful the aforesaid play past year, which included an summation of $2 cardinal successful involvement and dividend income from the accrued currency balance, arsenic good arsenic a $6.9 cardinal unrealized summation connected number equity investments made during the 3rd quarter.

Meanwhile, revenues soared by 582 percent to $10.1 cardinal from $1.48 cardinal year-on-year, connected the backmost of ongoing deliveries of Iron Drone and Optimus systems nether contracts with subject and nationalist information customers, coupled with revenues from the caller Apeiro Motion acquisition.

Adjusted EBITDA nonaccomplishment accrued by 23 percent to $8.76 cardinal from $7.1 million.

Following the results, Ondas Holdings Inc. (NASDAQ:ONDS) raised its gross outlook for the afloat twelvemonth to $36 cardinal from $25 cardinal targeted previously, reflecting the continued beardown show of the halfway OAS concern arsenic good arsenic the summation of recently acquired businesses since the opening of the 2nd 4th of 2025.

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Disclosure: None. This nonfiction is primitively published at Insider Monkey.