Ondas Holdings Q2 2024 GAAP EPS $(0.14) Beats $(0.15) Estimate, Sales $957.851K Miss $1.246M Estimate
Portfolio Pulse from Benzinga Newsdesk
Ondas Holdings (NASDAQ:ONDS) reported Q2 2024 GAAP EPS of $(0.14), beating the $(0.15) estimate, but sales of $957.851K missed the $1.246M estimate. Sales decreased by 82.49% compared to the same period last year.
August 14, 2024 | 12:02 pm
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NEGATIVE IMPACT
Ondas Holdings reported a Q2 2024 GAAP EPS of $(0.14), beating the $(0.15) estimate, but sales of $957.851K missed the $1.246M estimate. Sales decreased by 82.49% compared to the same period last year.
While Ondas Holdings beat the EPS estimate, the significant miss on sales and the drastic year-over-year decline in revenue are likely to negatively impact the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100