Dragonfly Energy (NASDAQ:DFLI) Releases Earnings Results, Beats Expectations By $0.34 EPS

Dragonfly Energy (NASDAQ:DFLI) issued its quarterly earnings results on Monday. The company reported ($1.01) EPS for the quarter, beating the consensus estimate of ($1.35) by $0.34, Zacks reports. The firm had revenue of $12.21 million during the quarter, compared to analysts’ expectations of $13.71 million. Dragonfly Energy had a negative return on equity of 251.32% and a negative net margin of 56.80%. Dragonfly Energy updated its Q1 2025 guidance to EPS.

Dragonfly Energy Price Performance

NASDAQ:DFLI opened at $1.16 on Wednesday. The company has a quick ratio of 0.31, a current ratio of 0.80 and a debt-to-equity ratio of 0.01. Dragonfly Energy has a 12-month low of $1.05 and a 12-month high of $13.14. The stock’s 50 day moving average price is $1.97 and its two-hundred day moving average price is $3.41. The firm has a market capitalization of $8.42 million, a price-to-earnings ratio of -0.29 and a beta of -0.76.

Wall Street Analyst Weigh In

Separately, Alliance Global Partners cut Dragonfly Energy from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $9.00 to $1.50 in a research note on Tuesday. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $12.81.

About Dragonfly Energy

Dragonfly Energy Holdings Corp. engages in the manufacturing and sale of deep cycle lithium-ion batteries for recreational vehicles, marine vessels, solar and off-grid residence industries, and industrial and energy storage markets. The company provides lithium power systems comprising solar panels, chargers and inverters, system monitoring, alternator regulators, accessories, and others.