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All references in this report to Dragonfly, the Company, we, us, or our mean Dragonfly Energy Holdings Corp. and its subsidiaries unless stated otherwise or the context otherwise indicates. Overview We are a manufacturer of non-toxic deep cycle lithium-ion batteries that caters to customers in the consumer industry (including the recreational vehicle ( RV ), marine vessel, industrial, and truck…
$2.20
+$0.05 (+2.33%)
Last close via Marketstack
The business is unprofitable at the operating level (-39.52% margin). The thesis depends entirely on whether and when it reaches sustainable profitability.
Revenue up 15.8% YoY with margins expanding 11.3pp.
ROIC dropped from -20.15% to -36.63%, capital efficiency is deteriorating. Negative free cash flow of -$28M. The business is consuming cash, not generating it.
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (TTM)
$55M
▲ +15.8% YoY
Net Income (TTM)
-$70M
▼ -72.2% YoY
Op. Margin
-41.81%
▲ +11.3pp YoY
ROIC
-33.56%
▼ -16.5pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
-$32M
▼ -182.7% YoY
Op. Cash Flow (TTM)
-$30M
▼ -261.2% YoY
Net Debt
$25M
Cash & Equiv.
$9M
3Y CAGR: -12.1%
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