Ondas Rises Again as Shareholders Prepare for Vote; ONDS Traders on Alert
Ondas Inc. shares rose to $10.10 in early premarket trading Wednesday after closing at $9.77 Tuesday on heavy volume. First-quarter revenue jumped to $50.1 million from $4.3 million a year ago, but the company posted an adjusted EBITDA loss of $10.9 million. Shareholders vote this week on raising authorized shares and expanding the stock plan. Ondas is acquiring Israel’s Omnisys Ltd. to expand in defense software.