Ondas (NASDAQ:ONDS) Issues Earnings Results, Misses Expectations By $0.01 EPS

Ondas (NASDAQ:ONDS) posted its quarterly earnings data on Tuesday. The company reported ($0.15) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.14) by ($0.01), Zacks reports. The company had revenue of $1.48 million for the quarter, compared to analyst estimates of $1.32 million. Ondas had a negative return on equity of 163.19% and a negative net margin of 544.24%. During the same quarter in the prior year, the company posted ($0.15) earnings per share.

Ondas Stock Performance

Shares of Ondas stock traded down $0.02 on Wednesday, hitting $0.77. 230,965 shares of the company were exchanged, compared to its average volume of 285,833. Ondas has a 1-year low of $0.53 and a 1-year high of $1.99. The company has a current ratio of 0.40, a quick ratio of 0.27 and a debt-to-equity ratio of 0.03. The company has a 50-day moving average price of $0.81 and a 200 day moving average price of $0.80.

Analysts Set New Price Targets

Separately, Northland Securities cut their price objective on Ondas from $2.00 to $1.50 and set an “outperform” rating for the company in a research note on Friday, August 16th.

About Ondas

Ondas Holdings Inc, through its subsidiaries, provides private wireless, drone, and automated data solutions. It operates in two segments, Ondas Networks and Ondas Autonomous Systems. The company designs, develops, manufactures, sells, and supports FullMAX, a software defined radio (SDR) platform for wide-area broadband networks.