Dragonfly Energy (NASDAQ:DFLI) Announces Quarterly Earnings Results, Misses Estimates By $0.09 EPS

Dragonfly Energy (NASDAQ:DFLI) released its earnings results on Thursday. The company reported ($0.43) earnings per share for the quarter, missing the consensus estimate of ($0.34) by ($0.09), Zacks reports.

Here are the key takeaways from Dragonfly Energy’s conference call:

• Heavy-duty trucking revenue reached approximately $0.5 million in Q2, with management expecting it to rise to about $1.3 million in Q3 and continue growing as Stevens Transport, Werner Enterprises, and other fleets expand deployments.
• Dragonfly acquired Dakota Lithium’s assets for $4 million, adding an established brand, distributor network, and complementary product portfolio; management expects meaningful revenue and adjusted EBITDA contribution beginning in Q4 with limited incremental operating expense.
• Q2 net sales were $13.2 million, while adjusted EBITDA improved to negative $1.6 million from negative $4.6 million in Q1, reflecting cost reductions and a 470-basis-point expansion in gross margin to 33.0%.
• The RV market remains weak, with industry shipments down 14.2% year over year through mid-year; management expects softness to persist through the end of 2026 and into 2027, while Q3 adjusted EBITDA is forecast to worsen to approximately negative $2.4 million.
• Dragonfly received another Japanese patent allowance covering dry powder coating methods for electrochemical cells, adding to U.S. and European protections as the company continues developing non-flammable, all-solid-state battery technology.

Dragonfly Energy Price Performance

Dragonfly Energy stock traded up $0.01 during mid-day trading on Thursday, hitting $1.17. The stock had a trading volume of 670,518 shares, compared to its average volume of 307,243. Dragonfly Energy has a one year low of $1.10 and a one year high of $26.10. The company has a current ratio of 2.41, a quick ratio of 0.95 and a debt-to-equity ratio of 2.53. The firm has a market capitalization of $14.99 million, a P/E ratio of -0.05 and a beta of 0.25. The firm’s 50 day moving average is $1.71 and its 200 day moving average is $2.16.

Wall Street Analyst Weigh In

Several research firms have recently commented on DFLI. Wall Street Zen raised Dragonfly Energy from a “strong sell” rating to a “sell” rating in a research note on Saturday, June 13th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Dragonfly Energy in a research note on Wednesday, July 29th. Finally, Zacks Research raised shares of Dragonfly Energy from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 14th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Dragonfly Energy presently has a consensus rating of “Moderate Buy” and a consensus target price of $3.25.

Hedge Funds Weigh In On Dragonfly Energy

Several large investors have recently made changes to their positions in DFLI. Jane Street Group LLC bought a new position in shares of Dragonfly Energy in the fourth quarter worth about $266,000. State Street Corp bought a new stake in Dragonfly Energy during the 4th quarter valued at approximately $39,000. Alyeska Investment Group L.P. bought a new position in Dragonfly Energy in the 4th quarter worth approximately $2,285,000. Essex Investment Management Co. LLC purchased a new stake in Dragonfly Energy in the 4th quarter worth $602,000. Finally, OMERS ADMINISTRATION Corp purchased a new position in shares of Dragonfly Energy during the fourth quarter valued at about $47,000. 8.19% of the stock is currently owned by hedge funds and other institutional investors.

Dragonfly Energy Company Profile

Dragonfly Energy Corp. is a designer and manufacturer of lithium iron phosphate (LiFePO4) battery systems geared toward mobile, residential and commercial energy storage applications. The company develops modular battery packs and integrated power management solutions that focus on safety, long cycle life and compact form factors. Dragonfly’s core product lineup includes 12-volt and 24-volt battery modules, as well as multi-unit rack systems tailored for backup power, solar energy storage and off-grid installations.

Serving a broad range of end markets, Dragonfly Energy’s batteries are commonly deployed in recreational vehicles, marine vessels, overland expedition setups and residential solar arrays.