Dragonfly Energy (DFLI) Stock Surges on Earnings Beat and Strong OEM Growth
Dragonfly Energy Holdings Corp. (DFLI) shares rallied 4.9% to $0.81 Friday after the lithium-ion battery Maker delivered a stunning earnings surprise. The company reported a Q3 loss of $0.20 per share, dramatically outperforming Wall Street's anticipated $0.71 loss.
Revenue hit $15.97 million, matching analyst expectations exactly, while OEM sales skyrocketed 44% year-over-year to $10.7 million. Trading volume surged to 43.7 million shares—more than double the daily average—as investors cheered the 25.5% net sales growth and expanded 29.7% gross margins.
The Nevada-based company strengthened its balance sheet through three public offerings that raised $90 million and completed strategic debt restructuring. For Q4, management projects $13 million in net sales, representing 7% growth YoY.
