Dragonfly Energy Holdings Corp (DFLI) AI Stock Analysis

• Market Cap: $3.70M
• Dividend Yield: N/A
• Average Volume (3M): 340.36K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.65
• Revenue Growth: -11.38%
• EPS Growth: -9.63%
• Country: US
• Employees: 139
• Sector: Industrials
• Sector Strength: 92
• Industry: Electrical Equipment & Parts
• EPS (TTM): -0.93
• Shares Outstanding: 9,363,145
• 10 Day Avg. Volume: 507,387
• 30 Day Avg. Volume: 340,362
• PEG Ratio: <0.01
• Price to Book (P/B): -0.35
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -0.35
• Enterprise Value/Market Cap: 14.58
• Enterprise Value/Revenue: 0.26
• Enterprise Value/Gross Profit: 4.64
• Enterprise Value/Ebitda: -1.27
• 1Y Price Target: $2.00
• Price Target Upside: 412.82% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 3

• Rating: 37 Underperform
• Price Target: $0.50 ▲( 28.21% Upside)

Dragonfly Energy Holdings Corp faces significant financial challenges, with declining revenues, negative equity, and pressured cash flows. Technical analysis indicates bearish momentum, although the stock is oversold. The valuation is unattractive due to ongoing losses. While the earnings call and corporate events provide some positive aspects, such as revenue growth and financial flexibility improvements, they are insufficient to offset the broader financial instability. Immediate strategic actions are crucial for stabilizing the business.

Positive Factors

Customer Base Expansion

Dragonfly's top-line growth was driven by significant strides in expanding the customer base beyond the RV sector, leveraging strategic partnerships in trucking and industrial markets.

Debt Restructuring

The company restructured its debt and increased capital, which will likely give it runway into 2026, assuming operating plans are executed upon.

Fundamentals

Dragonfly's fundamentals appear to have bottomed for now, showing growth in two consecutive quarters.

Negative Factors

Cash Burn

The company continues to burn cash and requires a strategic capital infusion.

Market Impact

Dragonfly’s fundamentals have again been negatively impacted by a slowly recovering RV market.

Revenue Performance

Revenue was below estimates.

Dragonfly Energy Holdings Corp Business Overview & Revenue Model

Company Description

Dragonfly Energy Holdings Corp (DFLI) is a company that operates in the energy sector, primarily focusing on the development and manufacturing of lithium-ion battery storage products. The company's core products include advanced deep-cycle batteries, which are designed to provide reliable power solutions for various applications such as recreational vehicles, marine, off-grid energy storage, and industrial uses.

How the Company Makes Money

Dragonfly Energy Holdings Corp generates revenue primarily through the sale of its lithium-ion battery products. The company targets consumers and businesses in industries that require reliable energy storage solutions, such as recreational vehicle manufacturers, marine equipment suppliers, and off-grid installations. Revenue is driven by direct sales to these customers, as well as through partnerships and distribution agreements with retailers and distributors. Additionally, Dragonfly Energy may engage in research and development collaborations that can contribute to its earnings by creating innovative products that meet evolving market demands.

Dragonfly Energy Holdings Corp Financial Statement Overview

Summary

Dragonfly Energy Holdings Corp is facing significant financial challenges. Revenues are declining significantly, with a drop from $86.25M in 2022 to $50.65M in TTM. The company is operating at a net loss, and the balance sheet shows negative equity, indicating high leverage. Cash flows are under severe pressure, with zero operating cash flow and consistently negative free cash flow, raising sustainability concerns.

Income Statement

Dragonfly Energy Holdings Corp has shown a declining revenue trend with a significant drop from $86.25M in 2022 to $64.39M in 2023, and further down to $50.65M in TTM. The gross profit margin also decreased, indicating increased cost pressures. The company has been operating at a net loss, with negative EBIT and EBITDA margins, reflecting ongoing operational challenges.

Balance Sheet

The balance sheet reveals a concerning financial structure with a negative stockholders' equity of $9.40M in TTM, indicating liabilities exceed assets. The debt-to-equity ratio is not calculable due to negative equity, but high leverage is evident with $55.27M in total debt. This suggests financial instability and potential risks for creditors and investors.

Cash Flow

Cash flow analysis highlights severe issues. Operating cash flow is zero in TTM, and free cash flow is consistently negative, pointing to difficulties in generating cash from operations. The company has relied heavily on financing activities to cover cash shortfalls, indicating potential sustainability concerns.

Breakdown
Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement		Total Revenue
50.65M	64.39M	86.25M	78.00M	47.19M
	Gross Profit
11.63M	15.45M	24.00M	29.63M	20.61M
	EBIT
-25.76M	-27.43M	-13.54M	6.47M	8.75M
	EBITDA
-15.51M	3.41M	-32.83M	7.08M	8.94M
	Net Income Common Stockholders
-40.62M	-13.82M	-19.11M	4.34M	6.88M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
4.85M	12.71M	17.78M	25.59M	6.21M
	Total Assets
75.21M	75.20M	89.31M	76.25M	18.81M
	Total Debt
55.27M	23.31M	23.97M	44.70M	983.00K
	Net Debt
50.42M	10.59M	6.19M	19.12M	-5.22M
	Total Liabilities
84.62M	47.29M	77.97M	62.19M	10.25M
	Stockholders Equity
-9.40M	27.91M	11.33M	14.06M	8.55M
Cash Flow		Free Cash Flow
-9.92M	-24.59M	-35.28M	-16.54M	5.23M
	Operating Cash Flow
-7.18M	-17.71M	-28.87M	-13.57M	6.64M
	Investing Cash Flow
-2.73M	-6.88M	-6.41M	-2.91M	-1.41M
	Financing Cash Flow
2.05M	19.52M	24.85M	38.91M	12.00K

Dragonfly Energy Holdings Corp Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.39
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For DFLI, the sentiment is Negative. The current price of 0.39 is below the 20-day moving average (MA) of 0.49, below the 50-day MA of 0.72, and below the 200-day MA of 3.05, indicating a bearish trend. The MACD of -0.10 indicates Negative momentum. The RSI at 30.68 is Neutral, neither overbought nor oversold. The STOCH value of 27.17 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for DFLI.

Dragonfly Energy Holdings Corp Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	64 Neutral	$4.39B	11.81	5.20%	249.39%	3.96%	-12.36%
FLUX	51 Neutral	$28.76M	―	-1582.76%	―	-1.45%	-15.76%
XPON	45 Neutral	$2.75M	―	-362.03%	―	23.07%	50.04%
POLA	43 Neutral	$4.52M	―	-41.53%	―	8.08%	59.60%
GWH	39 Underperform	$24.33M	―	-172.05%	―	-58.05%	-6.90%
DFLI	37 Underperform	$3.70M	―	-3420.59%	―	-11.38%	-9.63%
SDST	26 Underperform	$36.51M	―	-860.70%	―	―	-12310.81%

Dragonfly Energy Holdings Corp Corporate Events

Dragonfly Energy Reports Q1 2025 Financial Results

Dragonfly Energy Holdings Corp. reported its financial results for the first quarter of 2025, showing a 6.8% increase in net sales to $13.4 million, driven by an 11% rise in OEM net sales. The company has implemented a corporate optimization program to enhance operational efficiencies and launched new products for the trucking industry. Despite a net loss of $6.8 million, the company improved its gross margin and reduced its adjusted EBITDA loss. Looking forward, Dragonfly Energy anticipates second-quarter net sales of approximately $14.8 million, focusing on product innovation and cost management to strengthen its market position.

The most recent analyst rating on (DFLI) stock is a Buy with a $10.80 price target. To see the full list of analyst forecasts on Dragonfly Energy Holdings Corp stock, see the DFLI Stock Forecast page.

Dragonfly Energy Reduces Board Size Amid Cost-Cutting

Dragonfly Energy Holdings Corp. announced a reduction in its Board of Directors as part of cost-cutting measures. On May 6 and 7, 2025, Dr. Karina Montilla Edmonds and Mr. Jonathan Bellows resigned from the Board, reducing its size to five directors. Their resignations were not due to any disagreements with the company.

Dragonfly Energy Announces Debt Restructuring and Capital Raise

On February 27, 2025, Dragonfly Energy Holdings Corp. announced a significant corporate debt restructuring and a capital raise aimed at enhancing its financial flexibility and liquidity. The company completed an amendment to its existing debt facility, which includes a waiver of quarterly liquidity covenants and an extension of the debt maturity date to October 7, 2027. Additionally, Dragonfly Energy raised $3.5 million through a registered direct offering and private placement of Series A Convertible Preferred Stock, with a second contingent tranche of $4.5 million. This strategic move is expected to strengthen the company’s financial position, allowing it to pursue strategic initiatives with greater flexibility, potentially impacting its market positioning and stakeholder interests.