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Why Ondas Stock Surged Today

TheMotleyFool

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Why Ondas Stock Surged Today: https://g.foolcdn.com/editorial/images/870193/drone-stocks-gettyimages-2172183074-1500x1000-6b42342.jpg

Shares of Ondas (NASDAQ: ONDS) rocketed higher on Thursday after the defense technology provider reported staggering sales growth.

Image source: Getty Images.

Ondas' revenue rose more than 10-fold year over year to $50.1 million in the first quarter. The 1,065% gains were fueled by strong sales of the company's counter-drone systems.

Source Fool.com

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