Why Dragonfly Energy Shares Are Rocketing Premarket Tuesday
Why Dragonfly Energy Shares Are Rocketing Premarket Tuesday
Dragonfly Energy Holdings Corp (NASDAQ:DFLI) shares are rocketing premarket today after the company reported fourth-quarter FY23 results.
Sales declined to $10.4 million from $20.2 million a year ago, missing the consensus of $12.2 million.
Gross profit dropped to $2.0 million from $4.0 million a year ago and Adjusted EBITDA improved to negative $(2.1) million, compared to a negative $(4.7) million in the fourth quarter of 2022.
Net income for the quarter stood at $3.0 million vs. net loss of $(32.5) million a year ago.
EPS of $0.05 beat the consensus estimate of $(0.20).
The company held cash and equivalents of $12.7 million as of December 31, 2023.
Denis Phares, Chief Executive Officer, said, "In 2023, we completed the pilot line for our patented chemistry-agnostic dry deposition process, proving that we could produce anode and cathode materials at scale, and are now in the process of delivering sample battery cells to customers across several different industries and markets."
"We are extremely excited about 2024 as the convergence of the new cell manufacturing, the expansion of our customer base and market segments, and the stabilization and return to growth of the RV markets sets the stage for an expected return to growth."
Outlook: Dragonfly sees first-quarter revenue of $12.0 million – $13.0 million (consensus $14.1 million) and EPS of $(0.13) – $(0.17) per share (consensus $(0.15).
The company said it believes that the RV market appears to have stabilized and is showing early signs of recovery. In addition, the company said its entry into the heavy-duty trucking market, while still in its early stages, is gaining traction and has the potential to be a more meaningful revenue contributor in the second half of 2024.
Price Action: DFLI shares are trading higher by 53.8% at $0.6924 in premarket on Tuesday.
Dragonfly Energy Holdings Corp (NASDAQ:DFLI)公佈了23財年第四季度業績後,該公司股價今天在盤前飆升。
銷售額從去年同期的2,020萬美元下降至1,040萬美元,未達到共識的1,220萬美元。
毛利從去年同期的400萬美元降至200萬美元,調整後的息稅折舊攤銷前利潤增至負210萬美元,而2022年第四季度的負數(470萬美元)。
該季度的淨收入爲300萬美元,而去年同期的淨虧損爲3,250萬美元。
每股收益爲0.05美元,超過了市場普遍預期的0.20美元。
截至2023年12月31日,該公司持有1,270萬美元的現金及等價物。
首席執行官丹尼斯·法雷斯表示:“2023年,我們完成了與化學無關的專利幹沉積工藝的試點生產線,證明我們可以大規模生產陽極和正極材料,現在正在向多個不同行業和市場的客戶交付樣品電池電池。”
“我們對2024年感到非常興奮,因爲新電池製造的融合、客戶群和細分市場的擴大以及房車市場的穩定和恢復增長爲預期的恢復增長奠定了基礎。”
展望:Dragonfly預計第一季度收入爲1,200萬美元至1,300萬美元(共識爲1,410萬美元),每股收益爲0.13美元-(0.17美元)(共識爲0.15美元)。
該公司表示,它認爲房車市場似乎已經穩定,並顯示出復甦的早期跡象。此外,該公司表示,其進入重型卡車市場雖然仍處於初期階段,但正在獲得越來越多的關注,並有可能在2024年下半年成爲更有意義的收入來源。
價格走勢:週二盤前DFLI股價上漲53.8%,至0.6924美元。
譯文內容由第三人軟體翻譯。
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