Streetbeat News

DFLI

Dragonfly Energy Holdings Corp.

https://dragonflyenergy.com

Industry

Electrical Equipment & Parts

Dragonfly Energy Holdings Corp. manufactures and supplies deep cycle lithium-ion batteries for RVs, marine vessels, off-grid installations, and other storage applications. It also focuses on delivering an energy storage solution to enable a sustainable and reliable smart grid through the deployment of its solid-state cell technology. The company is headquartered in Reno, Nevada.

Open

0.55

Mkt cap

33M

Volume

249K

High

0.55

P/E Ratio

-1.03

52-wk high

1.46

Low

0.51

Div yield

N/A

52-wk low

0.42

Dragonfly Energy Holdings Corp (NASDAQ:DFLI) shares surged in premarket trading after reporting Q4 FY23 results. Despite sales declining to $10.4 million from $20.2 million and missing consensus estimates, the company saw an improvement in adjusted EBITDA and reported a net income of $3.0 million, contrasting with a net loss of $(32.5) million a year ago. EPS was $0.05, beating the consensus estimate of $(0.20). The company is optimistic about 2024, citing advancements in battery cell production and market expansions. Dragonfly forecasts Q1 revenue between $12.0 million and $13.0 million, with an EPS of $(0.13) to $(0.17), and highlights potential growth in the RV and heavy-duty trucking markets.

Portfolio Pulse from Lekha Gupta

April 16, 2024 | 10:55 am

Dragonfly Energy forecasts Q1 EPS of $(0.13)-$(0.17), below the $(0.15) estimate, with net sales expected between $12M-$13M, under the $14.1M estimate. The company sees stabilization in the RV market and potential growth from the heavy-duty trucking sector. Operating expenses are projected at $(8.0)-$(9.0) million, with a net loss of $(8.0)-$(10.5) million.

Portfolio Pulse from Benzinga Newsdesk

April 15, 2024 | 8:13 pm

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.

Portfolio Pulse from Benzinga Newsdesk

April 15, 2024 | 8:12 pm

Earnings reports for April 15, 2024, include key financial figures for companies such as M&T Bank, Charles Schwab, Goldman Sachs, and others, with expectations ranging from significant profits to losses across various sectors.

Portfolio Pulse from Benzinga Insights

April 15, 2024 | 9:44 am

Dragonfly Energy has announced the results of a cost and sustainability assessment, showcasing significant improvements in both areas due to its patented dry electrode battery manufacturing process. This innovation could potentially lower production costs and enhance the sustainability of battery manufacturing, positioning Dragonfly Energy as a leader in the energy storage sector.

Portfolio Pulse from Benzinga Newsdesk

April 10, 2024 | 11:32 am

In Tuesday's after-market session, several industrials stocks saw movements. Pineapple Energy, Surf Air Mobility, and Microvast Holdings were among the gainers with their stocks increasing due to recent Q4 earnings reports. Conversely, Velo3D, Zoomcar Holdings, and Controladora Vuela were among the losers. The movements reflect the market's reaction to the latest earnings and company valuations.

Portfolio Pulse from Benzinga Insights

April 02, 2024 | 8:31 pm

In Monday's after-market session, several industrials stocks experienced significant movements. Notably, Earlyworks Co, ESGL Holdings, Hyliion Holdings, Dragonfly Energy Hldgs, Hydrofarm Holdings Group, and Tritium DCFC saw their stock prices increase, while noco-noco, Concrete Pumping Holdings, Polar Power, Applied UV, Addentax Group, and Nikola experienced declines. The movements reflect varying market capitalizations and investor reactions to company-specific news or broader market trends.

Portfolio Pulse from Benzinga Insights

March 25, 2024 | 9:32 pm

In Monday's after-market session, several industrials stocks saw significant movements. Singularity Future Tech led the gainers with a 63.5% increase, while Fuel Tech experienced the largest drop among the losers, falling 7.7% due to its Q4 earnings report. Other notable movements included Greenwave Tech Solns, TPI Composites, and Zoomcar Holdings on the gainers' side, and Getaround, Shengfeng Development, and Astra Space among the losers.

Portfolio Pulse from Benzinga Insights

March 11, 2024 | 9:34 pm

In Tuesday's after-market session, several industrials stocks saw significant movements. Agrify, Sunrise New Energy, Polar Power, Freight Technologies, Terran Orbital, and Dragonfly Energy Holdings were among the gainers, with increases ranging from 4.24% to 8.9%. Conversely, ChargePoint Holdings, Mesa Air Group, Solidion Technology, Momentus, Earlyworks Co, and Redwire experienced declines between 3.62% and 8.0%. ChargePoint's drop was notably tied to its Q4 earnings release.

Portfolio Pulse from Benzinga Insights

March 05, 2024 | 9:31 pm

Velociti and Dragonfly Energy announced a partnership at the American Trucking Associations Technology Maintenance Council's Annual Meeting & Transportation Technology Exhibition. This partnership allows Dragonfly Energy customers to access Velociti's Instant ROI and Velocare programs, enhancing service and support for Dragonfly's energy solutions in the trucking industry.

Portfolio Pulse from Benzinga Newsdesk

March 04, 2024 | 12:55 pm

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