Dragonfly Energy Holdings (NASDAQ:DFLI) Second Quarter 2024 Results

Key Financial Results

• Revenue: US$13.2m (down 32% from 2Q 2023).

• Net loss: US$13.6m (loss widened by 17% from 2Q 2023).

• US$0.23 loss per share.

All figures shown in the chart above are for the trailing 12 month (TTM) period

Dragonfly Energy Holdings Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 8.9%. Earnings per share (EPS) also missed analyst estimates by 44%.

Looking ahead, revenue is forecast to grow 37% p.a. on average during the next 3 years, compared to a 8.0% growth forecast for the Electrical industry in the US.

Performance of the American Electrical industry.

The company's shares are down 3.9% from a week ago.

Risk Analysis

We should say that we've discovered 5 warning signs for Dragonfly Energy Holdings (1 can't be ignored!) that you should be aware of before investing here.

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