Ondas Inc. (ONDS) Stock: Plunges in Premarket Despite Record Q3 Revenue and Strong Order Growth

TLDR ONDS shares dropped 4.54% premarket despite record third-quarter revenue growth. Ondas Q3 revenue reached $167.5 million, more than 16 times last year’s total. New orders hit $214 million as Ondas’ backlog expanded 36% to $835 million. Operating losses widened to $189.5 million as gross margins fell to 21.8% in Q3. Ondas targets at least [...]

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