Dragonfly Energy Hldgs Q2 2024 GAAP EPS $(0.22) Misses $(0.16) Estimate, Sales $13.21M Miss $14.34M Estimate
Portfolio Pulse from Benzinga Newsdesk
Dragonfly Energy Holdings (NASDAQ:DFLI) reported Q2 2024 GAAP EPS of $(0.22), missing the $(0.16) estimate by 37.5%. Sales were $13.21M, missing the $14.34M estimate by 7.88%. This represents a 12% improvement in EPS from last year but a 31.47% decrease in sales.
August 14, 2024 | 8:20 pm
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NEGATIVE IMPACT
Dragonfly Energy Holdings reported Q2 2024 GAAP EPS of $(0.22), missing the $(0.16) estimate by 37.5%. Sales were $13.21M, missing the $14.34M estimate by 7.88%. This represents a 12% improvement in EPS from last year but a 31.47% decrease in sales.
The significant miss on both EPS and sales estimates is likely to negatively impact the stock price in the short term. Although there is an improvement in EPS from last year, the substantial decrease in sales is concerning for investors.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100