Dragonfly Energy Hldgs Q1 2024 GAAP EPS $(0.17) Misses $(0.13) Estimate, Sales $12.51M Beat $12.13M Estimate
Portfolio Pulse from Benzinga Newsdesk
Dragonfly Energy Holdings (DFLI) reported Q1 2024 earnings with a GAAP EPS of $(0.17), missing the $(0.13) estimate, and sales of $12.51M, beating the $12.13M estimate. This represents a 270% decrease in earnings and a 33.45% decrease in sales from the same period last year.
May 14, 2024 | 8:30 pm
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Dragonfly Energy Holdings reported a significant miss in EPS and a slight beat in sales for Q1 2024, indicating mixed financial health and potential concerns over profitability.
The miss in EPS by 30.77% and the significant year-over-year decrease in both earnings and sales suggest potential concerns over the company's profitability and operational efficiency. While the sales beat might offer some positive outlook, the overall financial health appears mixed, likely leading to negative short-term sentiment among investors.
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