Ondas (ONDS) reported Q1 net income Thursday of $361.3 million, swinging from a loss of $14.1 million a year earlier.

Analysts surveyed by FactSet expected a loss of $24.1 million.

Revenue for the quarter ended March 31 was $50.1 million, compared with $4.2 million a year earlier.

Analysts polled by FactSet expected $39.4 million.

Ondas raised its fiscal 2026 revenue guidance to at least $390 million. That compares with its prior outlook of $375 million. Analysts polled by FactSet expect $379.1 million.

The company's shares were up 13% in recent Thursday premarket activity.