Dragonfly Energy Holdings Corp DFLI.OQ reported a quarterly adjusted loss of 55 cents per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of $-1.71. The mean expectation of three analysts for the quarter was for a loss of $1.29 per share. Wall Street expected results to range from $-1.30 to $-1.29 per share.
Revenue rose 23% to $16.25 million from a year ago; analysts expected $14.78 million.
Dragonfly Energy Holdings Corp's reported EPS for the quarter was a loss of 58 cents.
The company reported a quarterly loss of $7.03 million.
Dragonfly Energy Holdings Corp shares had risen by 64.2% this quarter and lost 90.3% so far this year.
FORECAST CHANGES
The mean earnings estimate of analysts had fallen by about 4% in the last three months.
In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.
RECOMMENDATIONS
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy," no "hold" and no "sell" or "strong sell." The average consensus recommendation for the electrical components & equipment peer group is also "buy"
Wall Street's median 12-month price target for Dragonfly Energy Holdings Corp is $3.00, about 91% above its last closing price of $0.27
This summary was machine generated from LSEG data August 14 at 09:01 p.m. UTC. All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)