Dragonfly Energy (NASDAQ:DFLI) Issues Earnings Results

Dragonfly Energy (NASDAQ:DFLIGet Free Report) posted its quarterly earnings data on Thursday. The company reported ($0.43) EPS for the quarter, missing the consensus estimate of ($0.34) by ($0.09), Zacks reports.

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

  • Heavy-duty trucking revenue reached approximately $0.5 million in Q2, with management expecting it to rise to about $1.3 million in Q3 and continue growing as Stevens Transport, Werner Enterprises, and other fleets expand deployments.
  • Dragonfly acquired Dakota Lithium’s assets for $4 million, adding an established brand, distributor network, and complementary product portfolio; management expects meaningful revenue and adjusted EBITDA contribution beginning in Q4 with limited incremental operating expense.
  • Q2 net sales were $13.2 million, while adjusted EBITDA improved to negative $1.6 million from negative $4.6 million in Q1, reflecting cost reductions and a 470-basis-point expansion in gross margin to 33.0%.
  • The RV market remains weak, with industry shipments down 14.2% year over year through mid-year; management expects softness to persist through the end of 2026 and into 2027, while Q3 adjusted EBITDA is forecast to worsen to approximately negative $2.4 million.
  • Dragonfly received another Japanese patent allowance covering dry powder coating methods for electrochemical cells, adding to U.S. and European protections as the company continues developing non-flammable, all-solid-state battery technology.

Dragonfly Energy Trading Up 0.9%

Shares of NASDAQ:DFLI traded up $0.01 during trading on Thursday, reaching $1.17. 670,518 shares of the company were exchanged, compared to its average volume of 307,243. The firm has a market capitalization of $14.99 million, a PE ratio of -0.05 and a beta of 0.25. The business’s fifty day simple moving average is $1.71 and its 200-day simple moving average is $2.16. Dragonfly Energy has a 12-month low of $1.10 and a 12-month high of $26.10. The company has a debt-to-equity ratio of 2.53, a current ratio of 2.41 and a quick ratio of 0.95.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on DFLI. Wall Street Zen raised shares of Dragonfly Energy from a “strong sell” rating to a “sell” rating in a research note on Saturday, June 13th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Dragonfly Energy in a research note on Wednesday, July 29th. Finally, Zacks Research upgraded shares of Dragonfly Energy from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 14th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Dragonfly Energy presently has an average rating of “Moderate Buy” and a consensus target price of $3.25.

Check Out Our Latest Stock Analysis on Dragonfly Energy

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of DFLI. Alyeska Investment Group L.P. purchased a new position in Dragonfly Energy during the 4th quarter valued at about $2,285,000. Essex Investment Management Co. LLC purchased a new stake in shares of Dragonfly Energy in the 4th quarter worth approximately $602,000. Jane Street Group LLC bought a new position in shares of Dragonfly Energy during the fourth quarter valued at approximately $266,000. OMERS ADMINISTRATION Corp bought a new position in shares of Dragonfly Energy during the fourth quarter valued at approximately $47,000. Finally, State Street Corp purchased a new position in Dragonfly Energy during the fourth quarter valued at approximately $39,000. Institutional investors own 8.19% of the company’s stock.

About Dragonfly Energy

(Get Free Report)

Dragonfly Energy Corp. is a designer and manufacturer of lithium iron phosphate (LiFePO4) battery systems geared toward mobile, residential and commercial energy storage applications. The company develops modular battery packs and integrated power management solutions that focus on safety, long cycle life and compact form factors. Dragonfly’s core product lineup includes 12-volt and 24-volt battery modules, as well as multi-unit rack systems tailored for backup power, solar energy storage and off-grid installations.

Serving a broad range of end markets, Dragonfly Energy’s batteries are commonly deployed in recreational vehicles, marine vessels, overland expedition setups and residential solar arrays.

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Earnings History for Dragonfly Energy (NASDAQ:DFLI)

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