ONDS Stock ,Ondas Returns vs. S&P
| 1 YEAR | 5 YEAR | 5 YEAR ANNUALIZED | SINCE IPO | |
|---|---|---|---|---|
| ONDS | -59.32% | -84% | ||
| S&P | -9.72% | +44.46% | +7.63% | +52% |
Assets
QUARTERLYANNUAL
| Q3 2022 | YOY CHANGE | |
|---|---|---|
| Net Cash | $15.28M | -67.8% |
| Accounts Receivable | $0.82M | -37.0% |
| Inventory | 1.431816 | +11.5% |
Liabilities
QUARTERLYANNUAL
| Q3 2022 | YOY CHANGE | |
|---|---|---|
| Long Term Debt | $2.87M | +318.0% |
| Short Term Debt | $0.70M | +19.2% |
Ratios
QUARTERLYANNUAL
| Q3 2022 | YOY CHANGE | |
|---|---|---|
| Return On Assets | -33.2% | +52.2% |
| Return On Invested Capital | 22.1% | -44.5% |
Cash Flow
QUARTERLYANNUAL
| Q3 2022 | YOY CHANGE | |
|---|---|---|
| Free Cash Flow | -$11.62M | +155.6% |
| Operating Free Cash Flow | -$10.71M | +136.0% |
Ondas Holdings Stock Jumped
What was the cause?
ONDS Stock ,The shares from Ondas Holdings ( ONDS 7.54 percent) popped today after the company announced its third-quarter 2023 financial results. Despite the fact that the company missed analysts’ consensus earnings estimates for the quarter, Ondas shares have risen today.
The tech stock rose to 13% and was up 8.8 percent by 2:46 p.m. at EST.
What is HTML0?
Ondas announced today that revenue fell 54% during the third quarter due to lower sales. In addition, the company posted losses in the amount of $0.13 for each diluted share during the quarter, as compared to analysts’ consensus estimates of losing $0.09 for each share.
“The third quarter marked an important transition for Ondas Networks as we moved from investment mode to platform delivery and adoption,” Ondas’ CEO, Eric Brock, said in an announcement in the press.
Despite the disappointing earnings investors might be reacting positively to the third quarter performance today, since the company announced it had received an initial commercial contract for a railroad-based communications network from Siemens Mobility.
The company also stated that it had received four additional products development requests through Siemens Mobility, including one for “the development of a new locomotive telemetry radio for a major Asian Rail customer.”
What’s next?
Ondas the stock has seen a lot of volatility during the past year. After seeing some gains the early 2021s, the shares have fallen and are now down five percent in the past year, despite the recent pop.
The company’s share price being volatile recently, investors might be prudent when dealing with Ondas Holdings right now.
