Ondas Holdings Reports First Quarter 2021 Financial Results
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Ondas Holdings Inc. (ONDS) Misses Q1 EPS by 2c, Revenues Miss; Offers 2Q Revenues Guidance Below Consensus
May 17, 2021 6:03 AM EDTOndas Holdings Inc. (NASDAQ: ONDS) reported Q1 EPS of ($0.12), $0.02 worse than the analyst estimate of ($0.10). Revenue for the quarter came in at $1.16 million versus the consensus estimate of $1.21 million.
Revenues for the first quarter of 2021 were approximately $1.2 million, an increase of $1.0 million compared to the same period in 2020. Gross profit was approximately $0.6 million in the first quarter of 2021, an increase of approximately $0.6 million compared to the same period in 2020. The increases in revenue and gross profit were driven primarily by Ondas joint development programs with Siemens in the North American Rail Market and the continued... More
