Dragonfly Energy (NASDAQ:DFLI) Issues Quarterly Earnings Results, Misses Estimates By $0.67 EPS

Dragonfly Energy (NASDAQ:DFLI) posted its earnings results on Thursday. The company reported ($3.71) EPS for the quarter, missing the consensus estimate of ($3.04) by ($0.67), FiscalAI reports. The company had revenue of $12.17 million during the quarter, compared to analyst estimates 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

Shares of NASDAQ DFLI traded up $0.10 during mid-day trading on Thursday, reaching $2.12. 93,363 shares of the company 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’s 50 day moving average price is $4.88 and its 200 day moving average price is $13.11. The stock has a market capitalization of $3.96 million, a PE ratio of -0.01 and a beta of 0.39. The company has a quick ratio of 0.97, a current ratio of 2.34 and a debt-to-equity ratio of 2.53.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on DFLI shares. Wall Street Zen upgraded Dragonfly Energy from a “strong sell” rating to a “sell” rating in a research report on Sunday, August 16th. Weiss Ratings lowered Dragonfly Energy from a “sell (d-)” rating to a “sell (e+)” rating in a report on Wednesday, October 21st. Finally, Roth Capital set a $24.00 price objective on shares of Dragonfly Energy in a research report on Friday, August 7th. One research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Dragonfly Energy presently has an average rating of “Hold” and a consensus price target 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.