Dragonfly Energy (NASDAQ:DFLI) Announces Earnings Results, Misses Estimates By $0.09 EPS

Dragonfly Energy (NASDAQ:DFLI) announced its earnings results on Thursday. The company reported ($0.43) EPS for the quarter, missing analysts’ consensus estimates of ($0.34) by ($0.09), Zacks reports. The company had revenue of $13.16 million during the quarter, compared to the consensus estimate 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%

Shares of DFLI traded up $0.15 during midday trading on Friday, hitting $1.32. The stock had a trading volume of 1,344,536 shares, compared to its average volume of 333,222. Dragonfly Energy has a 1 year low of $1.10 and a 1 year high of $26.10. The firm has a market cap of $16.91 million, a PE ratio of -0.07 and a beta of 0.25. The company has a debt-to-equity ratio of 2.53, a current ratio of 2.41 and a quick ratio of 0.95. The stock’s 50 day moving average is $1.69 and its 200 day moving average is $2.15.

Wall Street Analyst Weigh In

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

Hedge Funds Weigh In On Dragonfly Energy

Several hedge funds have recently added to or reduced their stakes in the company. OMERS ADMINISTRATION Corp purchased a new stake in Dragonfly Energy in the 4th quarter worth about $47,000. Essex Investment Management Co. LLC purchased a new position in shares of Dragonfly Energy during the fourth quarter valued at approximately $602,000. Alyeska Investment Group L.P. bought a new position in shares of Dragonfly Energy during the fourth quarter valued at approximately $2,285,000. State Street Corp bought a new position in shares of Dragonfly Energy during the fourth quarter valued at approximately $39,000. Finally, Jane Street Group LLC purchased a new stake in shares of Dragonfly Energy in the fourth quarter worth approximately $266,000. 8.19% of the stock is currently owned by institutional investors.

Dragonfly Energy Company Profile

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.