Dragonfly Energy Holdings Corp (NAS:DFLI)
$ 3.17 -0.13 (-3.94%) Market Cap: 22.23 Mil Enterprise Value: 64.89 Mil PE Ratio: 0 PB Ratio: 0 GF Score: 10/100
Back to the Transcripts List

Q3 2024 Dragonfly Energy Holdings Corp Earnings Call Transcript

Nov 14, 2024 / 10:00 PM GMT
Release Date Price: $4.82 (+4.70%)

Key Points

Positve
  • Dragonfly Energy Holdings Corp (DFLI) reported its first meaningful revenue from the trucking sector in Q3 2024, indicating successful market penetration.
  • The company has introduced Dragonfly Intelligence technology, offering real-time monitoring and diagnostics, which is expected to enhance product offerings and market penetration.
  • Strategic partnerships, such as with Strien Energy, are expanding the reach of Dragonfly's product line and have generated positive initial responses.
  • OEM revenue increased from $5.6 million in Q2 2024 to $7.4 million in Q3 2024, showing a recovery in the RV market and successful implementation of new smart battery products.
  • Dragonfly Energy Holdings Corp (DFLI) ended Q3 2024 with $8.0 million in cash, up from $4.7 million at the end of Q2 2024, indicating improved liquidity.
Negative
  • Net sales decreased from $15.9 million in Q3 2023 to $12.7 million in Q3 2024, primarily due to weakness in direct-to-consumer battery sales.
  • Gross profit fell from $4.6 million in Q3 2023 to $2.9 million in Q3 2024, with a decrease in gross margin from 28.9% to 22.5%.
  • The company reported a net loss of $6.8 million in Q3 2024, compared to a net loss of $10 million in Q3 2023.
  • Direct-to-consumer segment sales dropped significantly from $10.3 million in Q3 2023 to $5.2 million in Q3 2024.
  • Operating expenses, although reduced, were still high at $8.9 million in Q3 2024, impacting overall profitability.


Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

DFLI.OQ - Dragonfly Energy Holdings Corp
Q3 2024 Dragonfly Energy Holdings Corp Earnings Call
Nov 14, 2024 / 10:00PM GMT

=====================
Presentation
--------------------------------------------------------------------------------
Unidentified_1 [1]
--------------------------------------------------------------------------------

--------------------------------------------------------------------------------
Unidentified_2 [2]
--------------------------------------------------------------------------------
Now good afternoon. My name is Ena and I'll be your operator today for Dragonfly Energy's third quarter, 2024 earnings call. The call can be accessed along with the earnings press release and sec filings on the investors section of the Dragonfly Energy website found at www dot dragonfly energy dotcom. As a reminder, this conference call is being webcast and recorded. All attendees are in listen-only mode at this time. During this call, the company will be making forward-looking statements within the meaning of the
Already have an account? Log in
Get the full story
Start 7-Day Free Trial
Access to All Earning Calls and Stock Analysis
30-Year Financial on one screen
All-in-one Stock Screener with unlimited filters
Customizable Stock Dashboard
Real Time Insider Trading Transactions
8,000+ Institutional investors’ 13F holdings
Powerful Excel Add-in and Google sheets Add-on
All data downloadable
Quick customer support
And much more...
30-Day 100% money back guarantee
You are not charged until the trial ends. Subscription fee may be tax deductible.
Excellent
4.6 out of 5 Trustpilot
Research Tools
All-In-One Screener Stock Ideas Stock List Guru List Guru Real-Time Picks Insider List Insider Trades Economic Indicators Sector & Industry Performance DCF Calculator Discussion Board
Product
Pricing Plans Excel Add-In Google Sheets Add-on Data API Stock Comparison Table Manual of Stocks Instant Alerts Mobile App 中文
Education
Financial Glossary Tutorials FAQ Schedule Free Session Buffett Indicator Shiller P/E Yield Curve Today U.S. Inflation Rate Global Market Valuation Fed Net Liquidity Buffett Assets Allocation
Company
About GuruFocus Career Contact Us Advertise Site Map Term of Use Privacy Policy Referral Program Partner Program
Survey

We'd love to learn more about your experiences on GuruFocus.com and how we can improve!

Take Survey
Follow Us
download GuruFocus on Apple store download GuruFocus on Google Play
Disclaimers
GuruFocus.com is not operated by a broker or a dealer. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The individuals or entities selected as "gurus" may buy and sell securities before and after any particular article and report and information herein is published, with respect to the securities discussed in any article and report posted herein. Gurus may be added or dropped from the GuruFocus site at any time. In no event shall GuruFocus.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on GuruFocus.com, or relating to the use of, or inability to use, GuruFocus.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. Stock quotes are provided by QuoteMedia, Inc. (CSI). Company fundamental data is provided by Morningstar. Analyst estimates data is sourced from both Refinitiv and Morningstar, with priority given to Refinitiv data. Data is updated daily.
© 2004-2025 GuruFocus.com, LLC. All Rights Reserved.