Dragonfly Energy Q3 Net Sales $15.9M, Down From $26.1M YoY;EPS $(0.17), Down From $(0.10) YoY
Portfolio Pulse from Benzinga Newsdesk
Dragonfly Energy reported a decrease in Q3 net sales to $15.9M from $26.1M year-over-year, and a wider loss per share of $(0.17) compared to $(0.10) in the same period last year.
November 13, 2023 | 9:10 pm
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NEGATIVE IMPACT
Dragonfly Energy's Q3 earnings report indicates a significant decline in sales and an increased loss per share year-over-year.
The reported decrease in net sales and the widening loss per share are negative indicators for Dragonfly Energy's financial performance. This is likely to be viewed unfavorably by investors, potentially leading to a short-term decline in the stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100