Dragonfly Energy Q4 net sales drop 48% to $10.4M; guides Q1 loss of $(0.13-0.17)/share

Dragonfly Energy Holdings Corp.

2024-Q1 EPS reported -$0.17 revenue$12,505,000

Net sales $10.4M (Q4 2023) down from $20.2M, driven by RV market slowdown and inflation.
Net income $3.0M in Q4 2023 due to $29.6M warrant liability revaluation, but adjusted EBITDA loss $(2.1M) improved from $(4.7M).
Full-year 2023 net loss $(13.8M) vs $(40.0M) in 2022; adjusted EBITDA loss widened to $(17.1M) from $(7.9M).
Q1 2024 outlook: net sales $12-13M, gross margin 24-26%, net loss $(8-10.5M) or $(0.13-0.17)/share.
Operational: Launched all-electric APU for trucking; dry electrode deposition at scale; Forest River OGV standard.

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 0.9

Dragonfly Energy Holdings Corp. reported the fourth quarter and full year ended December 31, 2023 results: revenue Net Sales were $10.4 million, net income Net Income of $3.0 million, EPS Diluted Net Income per share was $0.05.

Period: the fourth quarter and full year ended December 31, 2023
Revenue: Net Sales were $10.4 million
Net income: Net Income of $3.0 million
EPS: Diluted Net Income per share was $0.05
Result: reported results

Exact text from the filing

today reported its financial and operational results for the fourth quarter and full year ended December 31, 2023. Fourth Quarter 2023 Financial Highlights ● Net Sales were $10.4 million, compared to $20.2 million in Q4 2022 ● Gross Profit was $2.0 million, compared to $4.0 million in Q4 2022 ● Operating expenses were $(5.4) million, compared to $(32.9) million

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Source: SEC EDGAR

accession 0001493152-24-014614

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