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Ondas Holdings (ONDS) Climbs 23% on Bullish Outlook, Q3 Blowout
Yahoo Financeยท 2025-11-16 16:17
Core Insights - Ondas Holdings Inc. (NASDAQ:ONDS) has experienced a significant stock price increase of 23.58% week-on-week, driven by a positive outlook from an investment firm and strong Q3 earnings performance [1][5]. Financial Performance - The investment firm Oppenheimer upgraded Ondas Holdings' rating to "outperform" from "perform," with a price target of $12, indicating a potential upside of 67% from its closing price of $7.18 [2]. - For the third quarter, Ondas Holdings reported a reduction in net loss attributable to shareholders by 17.7%, decreasing from $10.67 million to $8.78 million year-on-year [3]. - Revenues surged by 582% year-on-year, reaching $10.1 million, up from $1.48 million, primarily due to strong delivery volumes from Iron Drone and Optimus systems, as well as contributions from the recent Apeiro Motion acquisition [4]. - The adjusted EBITDA loss increased by 23% to $8.76 million, compared to $7.1 million in the previous year [5]. Future Outlook - Ondas Holdings anticipates higher revenues of $36 million, an increase from the previously expected $25 million, reflecting strong performance in its core OAS business and contributions from newly acquired businesses [5].