Ondas Holdings Reports First Quarter 2023 Financial Results

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Go back to Ondas Holdings Reports First Quarter 2023 Financial Results

Oppenheimer Downgrades Ondas Holdings Inc. (ONDS) to Perform

May 16, 2023 7:36 AM EDT

Oppenheimer analyst Tim Horan downgraded Ondas Holdings Inc. (NASDAQ: ONDS) from Outperform to Perform.

The analyst comments "ONDS reported 1Q revenue of $2.6M, exceeding the 2022 total, but with weak EBITDA and high cash burn of almost $15M; there is only $14M cash remaining.... More