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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 ...