Dragonfly Energy (NASDAQ:DFLI) Issues Quarterly Earnings Results

Dragonfly Energy (NASDAQ:DFLI) released its quarterly earnings data on Thursday. The company reported ($3.71) EPS for the quarter, missing the consensus estimate of ($3.04) by ($0.67), FiscalAI reports. The firm had revenue of $12.17 million during the quarter, compared to analysts’ expectations of $13.54 million.

Here are the key takeaways from Dragonfly Energy’s conference call:

• Commercial trucking adoption accelerated: Revenue more than doubled sequentially to $1.3 million, and some fleets are moving directly to commercial deployment without pilots. Dragonfly expects trucking revenue to nearly double again in Q4 and said it is already discussing sizable 2027 deployments.
• Weak RV demand weighed on results: Q3 net sales were $12.2 million, below the approximately $13.5 million outlook and down from $16 million a year earlier, as lower RV volumes and soft consumer demand pressured sales and margins.
• Management expects Q4 adjusted EBITDA to reach approximately break-even, citing cost reductions and anticipated tariff-related refunds. The outlook comes despite continued RV softness and includes benefits that may depend on refunds materializing.
• Dakota Lithium could broaden the business: Dragonfly said available products are selling well and expects broader inventory and a more meaningful revenue contribution beginning in Q1 2027; it expects the brand to be accretive to adjusted EBITDA with limited added overhead.
• Funding remains a concern: Management said it continues to tightly manage cash and will consider raising capital when opportunities arise, while also pursuing grants and refunds.

Dragonfly Energy Price Performance

Dragonfly Energy stock traded up $0.10 during midday trading on Thursday, reaching $2.12. 93,363 shares of the stock were exchanged, compared to its average volume of 56,522. Dragonfly Energy has a 52 week low of $1.74 and a 52 week high of $78.66. The company has a debt-to-equity ratio of 2.53, a quick ratio of 0.97 and a current ratio of 2.34. The firm has a market cap of $3.96 million, a PE ratio of -0.01 and a beta of 0.39. The company’s fifty day moving average is $4.88 and its 200-day moving average is $13.11.

Wall Street Analysts Forecast Growth

Several research firms have commented on DFLI. Roth Capital set a $24.00 price objective on shares of Dragonfly Energy in a research note on Friday, August 7th. Weiss Ratings lowered shares of Dragonfly Energy from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Wednesday, October 21st. Finally, Wall Street Zen raised shares of Dragonfly Energy from a “strong sell” rating to a “sell” rating in a research report on Sunday, August 16th. One research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $25.00.

Dragonfly Energy Company Profile

Dragonfly Energy Holdings Corp. develops and manufactures lithium-ion battery systems and energy-storage technologies. Through its Battle Born Batteries brand, the company offers batteries and related power solutions designed for recreational vehicles, marine applications, off-grid systems, and other mobile and stationary energy-storage uses. The company is also developing solid-state battery technology based on a dry powder coating manufacturing process. Dragonfly Energy’s technology is intended to support the production of safer, more efficient, and scalable energy-storage systems while reducing reliance on conventional liquid electrolyte designs.