NasdaqCM:ONDSCommunications
Ondas (ONDS) Stock Grapples With Huge Revenue Surge And Deeper Losses
Ondas stock closed Friday at US$9.24, up 3.7%, as investors reacted to a headline quarter that mixed eye catching revenue with a sharp swing back into losses. Q2 revenue landed at about US$83.8m, which is a huge step up for a defense and autonomy platform of this size. However, the company reported a net loss of roughly US$88.6m and a basic loss per share of US$0.18.
Short term traders are cheering the top line. Long term investors will be more focused on what this says about Ondas' margin...