Ondas stock soars on 11x revenue growth, but the red flags are hard to ignore

Investors are cheering Ondas Inc (ONDS) this morning after the autonomous drone systems firm reported a more than 11x year-on-year increase in its Q1 revenue to about $50 million. The company also cited its strategic partnership with Palantir Technologies and recent acquisitions, Mistral and World View, as major growth catalysts in its earnings release.