Ondas Holdings Inc. (NASDAQ:ONDS) shares rose Thursday after the company posted another quarter of rapid expansion, reporting third-quarter revenue of $10.1 million, which beat the $7.039 million analyst estimate and rose 582% from a year earlier.
The quarter showed strong momentum in its OAS unmanned systems business, expanded backlog, and a strengthened balance sheet, all of which contributed to the market’s positive reaction.
