Ondas Holdings Reports Third Quarter 2024 Financial Results: Secures $14.4 Million in Drone Platform Purchase Orders in Q3
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Ondas Holdings reported its Q3 2024 financial results, highlighting $14.4 million in purchase orders for its drone platforms, marking the largest bookings in its history. The orders were primarily from a major military customer for the Iron Drone Raider and Optimus System. Additionally, Ondas secured an order from Metra for a 900 MHz upgrade, facilitated by Siemens.
November 12, 2024 | 12:45 pm
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Ondas Holdings reported record Q3 2024 bookings of $14.4 million, driven by military orders for its Iron Drone Raider and Optimus System. The company also secured a significant order from Metra for a 900 MHz upgrade.
The record $14.4 million in purchase orders, particularly from a major military customer, indicates strong demand for Ondas' drone platforms, likely boosting investor confidence and positively impacting the stock price. The additional order from Metra further supports revenue growth.
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IMPORTANCE 90
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