Dragonfly Energy (NASDAQ:DFLI) Releases Quarterly Earnings Results

Dragonfly Energy (NASDAQ:DFLI) released its quarterly 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 firm had revenue of $12.17 million for 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 Trading Down 19.6%

Shares of NASDAQ:DFLI traded down $0.41 during trading on Friday, reaching $1.71. The stock had a trading volume of 57,723 shares, compared to its average volume of 56,499. The company has a quick ratio of 0.97, a current ratio of 2.34 and a debt-to-equity ratio of 2.53. The stock has a market cap of $3.19 million, a P/E ratio of -0.01 and a beta of 0.39. The business has a fifty day moving average price of $4.76 and a 200-day moving average price of $12.98. Dragonfly Energy has a fifty-two week low of $1.71 and a fifty-two week high of $78.66.

Analysts Set New Price Targets

DFLI has been the subject of several research reports. Weiss Ratings downgraded Dragonfly Energy from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Wednesday, October 21st. Roth Capital set a $24.00 price objective on Dragonfly Energy in a research report on Friday, August 7th. Finally, Wall Street Zen upgraded Dragonfly Energy from a “strong sell” rating to a “sell” rating in a research report on Sunday, August 16th. One analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Dragonfly Energy currently has a consensus rating of “Hold” and an average price target of $25.00.

About Dragonfly Energy

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.