Dragonfly Energy Holdings Corp narrowed third quarter of 2024 net loss per share of $-0.99 compare to net loss per share of $-1.53 recorded in the same quarter a year ago and improved compare to net loss per share of $-1.98 realized in previous quarter.
third quarter of 2024
Earnings Per Share
Revenues
$ -0.99
$
12 Mill
$+0.54
$-4M-23.77 %
Dragonfly Energy Holdings 's Revenue
fell by
-23.77 % in third quarter of 2024 (Sep 30 2024) year on year,
to $12 million and
declined by
-9.85 % sequentially.
Dragonfly Energy Holdings in the third quarter of 2024 recorded net loss of $-6.779 million, an improvement compare to net loss of $-10.023 million in III. Quarter a year ago.
Sequentially
net loss narrowed from net loss of $-13.627 million realized in previous quarter.
Dragonfly Energy Holdings Inventories Inventories declined by -42.7 % to $24.01 million from III. Quarter a year ago, sequentially inventories fell by -16.19 %.
DFLI's Cash flow
In the third quarter of 2024 company's net cash flow was $3 million, capital expenditures grew by -3.936-90.68%, to $0 millions compare to same quarter a year ago
Dragonfly Energy Holdings Corp Faces Disappointing Q1 2024 Results, Achieves Battery Breakthrough Dragonfly Energy Holdings Corp (DFLI) recently announced disappointing financial results for the January to March 31, 2024 period. The company reported a significant revenue decline of -35.704%, with revenues standing at $12.05 million. Additionally, DFLI posted a net loss per share of $-0.17, in stark contrast to the $0.10 earnings per share in the first quarter of 2023. On the other hand, the rest of the Industrial Machinery and Components industry witnessed a rise in revenue in the first quarter of 2024 when compared to the previous reporting period. Although the earnings per share fell from $0.03 per sh...