Dragonfly Energy Q3 net sales $12.7M down 20% YoY; net loss narrows to $6.8M; Q4 guidance $13.5-$14.0M

Dragonfly Energy Holdings Corp.

2024-Q3 EPS reported -$0.50 revenue$38,433,000

Q3 net sales $12.7M vs $15.9M YoY; net loss $(6.8)M vs $(10.0)M; diluted EPS $(0.11) vs $(0.17).
Operating expenses cut to $(8.9)M from $(10.5)M; cash rose to $8.0M from $4.7M at June 30.
Launched Dragonfly IntelLigence for heavy-duty trucking; completed oil & gas methane reduction pilot.
Q4 guidance: net sales $13.5-$14.0M, gross margin 22%-25%, operating expenses $(5.5)-$(6.5)M.

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