Dragonfly Energy Q3 net sales down 39% to $15.9M; loss widens; Q4 outlook weak

Dragonfly Energy Holdings Corp.

2023-Q3 EPS reported -$0.34 revenue$53,954,000

Net sales $15.9M vs $26.1M Q3 2022; drop due to largest RV OEM moving to optional installation and softer consumer demand.
Net loss $(10.0)M ($(0.17)/diluted share) vs loss $(3.7)M ($(0.10)); Adjusted EBITDA -$(4.6)M vs -$(2.7)M.
Q4 2023 guidance: net sales $10-14M, net loss $(9.0)-$(14.5)M, diluted EPS $(0.15)-$(0.24).
Cash $13.2M; $150M undrawn equity line provides flexibility.
Operational progress: dry electrode deposition at scale; on track for sample battery cells by year-end.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 1.0

Dragonfly Energy Holdings Corp. reported the third quarter ended September 30, 2023 results: revenue $15.9 million, net income Net Loss of $(10.0) million, EPS $(0.17) per diluted share.

Period: the third quarter ended September 30, 2023
Revenue: $15.9 million
Net income: Net Loss of $(10.0) million
EPS: $(0.17) per diluted share
Result: reported results

Exact text from the filing

storage batteries, today reported its financial and operational results for the third quarter ended September 30, 2023. Third Quarter 2023 Financial Highlights ● Net Sales were $15.9 million, compared to $26.1 million in Q3 2022 ● Gross Profit was $4.6 million, compared to $7.0 million in Q3 2022 ● Operating expenses were $(10.5) million, compared to $(10.4)

View on SEC.gov

59 earnings releases filed in the last 30 days. Browse all earnings releases →

Dragonfly Energy Holdings Corp. filing history →

Source: SEC EDGAR

accession 0001493152-23-040544

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.