Dragonfly Energy Hldgs Q4 EPS $0.05 Beats $(0.20) Estimate, Sales $10.44M Miss $12.24M Estimate
Portfolio Pulse from Benzinga Newsdesk
Dragonfly Energy Holdings (NASDAQ:DFLI) reported Q4 earnings of $0.05 per share, surpassing the $(0.20) estimate, marking a 125% beat and a 131.25% increase from last year's $(0.16) loss per share. However, their Q4 sales of $10.44M fell short of the $12.24M estimate by 14.72%, representing a 48.35% decrease from last year's $20.21M.
April 15, 2024 | 8:12 pm
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Dragonfly Energy Holdings reported a significant earnings beat but missed on sales estimates for Q4, with a notable year-over-year decrease in sales.
The significant beat on earnings per share (EPS) could be seen positively by investors, indicating better-than-expected profitability. However, the miss on sales estimates and the substantial year-over-year decrease in sales could raise concerns about the company's revenue growth and market demand for its products. The mixed results present a neutral outlook in the short term as the positive earnings surprise may be offset by the negative sales performance.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100