Ondas Holdings Q1 EPS $(0.17), Inline, Sales $625.01K Down From $2.60M YoY
Portfolio Pulse from Benzinga Newsdesk
Ondas Holdings (NASDAQ:ONDS) reported Q1 EPS of $(0.17), meeting analyst expectations. However, sales dropped significantly to $625.01K from $2.60M YoY.
May 15, 2024 | 11:40 am
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Ondas Holdings reported Q1 EPS of $(0.17), meeting analyst expectations. However, sales dropped significantly to $625.01K from $2.60M YoY, indicating potential challenges in revenue generation.
While the EPS met analyst expectations, the significant drop in sales (75.92% YoY) is a negative indicator for the company's revenue generation capabilities. This could lead to a short-term decline in the stock price as investors react to the poor sales performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100