Ondas Inc. (NASDAQ: ONDS) announced its impressive quarterly results which exceeded expectations, reporting a record revenue of $30.1 million for Q4. This marked a 198% increase sequentially and a 629% surge year-over-year. The substantial growth was driven by Ondas Autonomous Systems, particularly from high-volume shipments of Optimus and Iron Drone, as well as contributions from recent acquisitions. Gross profit also saw significant growth, reaching $12.7 million with a widened margin of 42% compared to 21% in the previous year. Operating expenses rose due to rapid scaling, leading to a loss of 36 cents per share. Despite this, investors remained optimistic about the company's growth potential in the defense and autonomous systems sector. The positive performance resulted in a price-target increase by analysts. For more details, the full article can be found on a financial news platform.