Ondas Holdings Q4 Revenue Outlook $4.2M - $4.4M Vs. $3.82M Estimate, FY23 Revenue Outlook $15M Vs. $14.96M Estimate
Portfolio Pulse from Benzinga Newsdesk
Ondas Holdings projects Q4 revenue of $4.2M to $4.4M, surpassing the $3.82M estimate, and forecasts FY23 revenue of $15M, slightly above the $14.96M estimate. The company anticipates a significant increase in revenue for the full year 2023, aiming for a more than 6-fold rise from the $2.2M reported in 2022. However, quarterly revenue growth may vary due to uncertainties in customer orders and production timing, particularly concerning the 900 MHz Rail network and orders from the UAE and U.S. customers.
November 14, 2023 | 12:36 pm
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POSITIVE IMPACT
Ondas Holdings expects to outperform revenue estimates for Q4 and has set a higher revenue target for FY23, indicating potential for strong growth and increased investor confidence.
The positive revenue outlook for both Q4 and FY23 suggests that Ondas Holdings is on a growth trajectory, which is likely to instill investor confidence and could lead to a short-term increase in stock price. The company's anticipation of a more than 6-fold increase in annual revenue is a strong signal to the market, although the mention of fluctuating quarterly growth due to customer-related uncertainties may temper some of the optimism.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100