Movement Alert｜Ondas Holdings Overnight Rise 5.14%, May Orders Exceeding $30 Million Accelerate Defense Commercialization

Market Focus

Jun 01

On June 1, Ondas Holdings rose 5.14% overnight, trading at $13.97/share, with trading volume of $1.52 million.

On the news front, Ondas announced it received more than $30 million in new orders in May across its defense, security, and autonomous technology platform. The May orders bring second-quarter-to-date orders to more than $110 million, signaling sustained acceleration in defense business commercialization.

This momentum builds on the companys recent completion of the approximately $196.6 million acquisition of Omnisys, which filled the battlefield command-and-control software layer and formed a complete defense ecosystem spanning stratospheric balloons, aerial drones, ground robots, and the Omnisys software brain. Combined with first-quarter revenue surging to $50.12 million representing a 10x year-over-year increase, and full-year revenue guidance of $390 million, market confidence in the companys defense integration and order pipeline continues to strengthen.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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