Ondas reported second-quarter revenue of $83.77 million, up more than 13-fold from $6.27 million a year earlier and 67% sequentially. Revenue topped the $67.97 million analyst estimate.
On a pro forma organic basis, revenue rose 85% year over year.
The company reported a GAAP loss of 19 cents per share, wider than the 5-cent loss analysts expected.
During the earnings call, CEO Eric Brock said demand for counter-drone and precision-strike systems is likely to remain strong for the “foreseeable future.”
Brock said recent conflicts have highlighted a shortage of these technologies and argued that significantly larger inventories will be needed on a sustainable basis.
