Dragonfly Energy (NASDAQ:DFLI) Announces Quarterly Earnings Results

Dragonfly Energy (NASDAQ:DFLI) issued its quarterly earnings data on Thursday. The company reported ($0.43) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.34) by ($0.09), Zacks reports. The business had revenue of $13.16 million during the quarter, compared to analysts’ expectations of $13.18 million.

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 12.8%

DFLI stock traded up $0.15 during midday trading on Friday, reaching $1.32. The stock had a trading volume of 1,344,536 shares, compared to its average volume of 333,222. The firm has a market cap of $16.91 million, a price-to-earnings ratio of -0.07 and a beta of 0.25. Dragonfly Energy has a twelve month low of $1.10 and a twelve month high of $26.10. The company has a quick ratio of 0.95, a current ratio of 2.41 and a debt-to-equity ratio of 2.53. The business has a fifty day simple moving average of $1.69 and a two-hundred day simple moving average of $2.15.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on DFLI shares. Wall Street Zen upgraded shares of Dragonfly Energy from a “strong sell” rating to a “sell” rating in a research report on Saturday, June 13th. Weiss Ratings reissued a “sell (e+)” rating on shares of Dragonfly Energy in a research note on Wednesday, July 29th. Zacks Research raised shares of Dragonfly Energy from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 14th. Finally, Roth Capital set a $3.00 price objective on shares of Dragonfly Energy in a research report on Friday. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Dragonfly Energy has an average rating of “Moderate Buy” and a consensus price target of $3.12.

Institutional Inflows and Outflows

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

About Dragonfly Energy

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.