Dragonfly Energy falls on forecast for Q2 loss

Dragonfly Energy Holdings

24/05/2023 15:01

** Battery supplier Dragonfly Energy Holdings Corp's
 DFLI.O  shares down 2.8% at $2.82
    ** Company forecasts Q2 net loss between $9.5 mln and $12.5
mln 
    ** Expects Q2 net sales to be $18 mln-$22 mln vs est $20.8
mln - Refinitiv
    ** Dragonfly posts Q1 revenue of $18.8 mln vs est $18.4 mln
    ** Company's Q1 operating expenses more than double to $14.6
mln
    ** As of last close, company's shares down 75.6% YTD

 (Reporting by Tanay Dhumal)
 ((Twitter: https://twitter.com/TanayDhumal))