Ondas (ONDS) Soars 19% as Losses Shrink

We recently published Market in Turmoil but These 10 Stocks Are on Fire. Ondas Holdings Inc. (NASDAQ:ONDS) is one of the best-performing stocks on Thursday.

Ondas Holdings climbed by 19.06 percent on Thursday to close at $6.56 apiece as investors took heart from the company’s strong earnings performance in the third quarter of the year.

In its financial statement, Ondas Holdings Inc. (NASDAQ:ONDS) said it narrowed its net loss attributable to shareholders by 17.7 percent to $8.78 million from $10.67 million in the same period last year, which included an increase of $2 million in interest and dividend income from the increased cash balance, as well as a $6.9 million unrealized gain on minority equity investments made during the third quarter.

Meanwhile, revenues soared by 582 percent to $10.1 million from $1.48 million year-on-year, on the back of ongoing deliveries of Iron Drone and Optimus systems under contracts with military and public safety customers, coupled with revenues from the recent Apeiro Motion acquisition.

Adjusted EBITDA loss increased by 23 percent to $8.76 million from $7.1 million.

Following the results, Ondas Holdings Inc. (NASDAQ:ONDS) raised its revenue outlook for the full year to $36 million from $25 million targeted previously, reflecting the continued strong performance of the core OAS business as well as the addition of newly acquired businesses since the beginning of the second quarter of 2025.

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Disclosure: None. This article is originally published at Insider Monkey.