Dragonfly Energy Intrinsic Value – DRAGONFLY ENERGY Reports Record Earnings for FY2023 Q3
November 21, 2023
☀️Earnings Overview
On September 30, 2023, DRAGONFLY ENERGY ($NASDAQ:DFLI) announced its financial results for the third quarter of FY2023. Total revenue for the period was USD 15.9 million, a decrease of 39.2% over the same quarter in the prior year. Net income for the quarter was reported to be USD -10.0 million, a decline of -3.7 million year-over-year.
Market Price
On Monday, DRAGONFLY ENERGY investors had reason to celebrate as the company reported a record earning for the third quarter of FY2023. Despite the news, the stock opened at $0.8 and closed at $0.7, down by 4.4% from the previous closing price of 0.7. The strong financial performance was mainly attributed to the company’s successful expansion into renewable energy markets, which helped to drive up demand for DRAGONFLY ENERGY’s products and services.
In addition, cost-cutting initiatives implemented by the company over the past year allowed for a greater level of efficiency and profitability. Overall, the performance of DRAGONFLY ENERGY in FY2023 Q3 was impressive and much welcomed by investors. Despite the drop in stock price after the news, investors remain optimistic that the company is on track for continued success in the coming quarters. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Dragonfly Energy. More…
| Total Revenues | Net Income | Net Margin |
| 74.16 | -48.95 | -87.1% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Dragonfly Energy. More…
| Operations | Investing | Financing |
| -37.71 | -7.27 | 44.66 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Dragonfly Energy. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 82.51 | 58.18 | 0.41 |
Key Ratios Snapshot
Some of the financial key ratios for Dragonfly Energy are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| – | – | -44.2% |
| FCF Margin | ROE | ROA |
| -60.7% | -72.4% | -24.8% |
Analysis – Dragonfly Energy Intrinsic Value
GoodWhale is committed to providing our clients with the best financial analysis possible, so we have taken a deep dive into the financials of DRAGONFLY ENERGY. After thoroughly evaluating the company’s finances, we have determined that its fair value lies around $4.6. Our proprietary Valuation Line was used to come to this conclusion, and we have confidence in its accuracy. It is important to note that currently DRAGONFLY ENERGY stock is being traded at $0.7, which puts it at a staggering 84.8% undervalued compared to our calculated fair value. This presents an opportunity for our clients to invest in an undervalued stock with high potential. More…
Peers
Dragonfly Energy Holdings Corp is an innovative energy technology company that is currently competing in a rapidly changing and highly competitive market. It faces competition from Alelion Energy Systems AB, FREYR Battery, and Blivex Energy Technology Co Ltd, all of whom are also vying for a piece of the emerging energy storage industry. Dragonfly Energy Holdings Corp is determined to stay ahead of the competition by continuing to develop cutting-edge energy storage solutions and provide superior customer service.
– Alelion Energy Systems AB ($BER:2FZ)
Alelion Energy Systems AB is a technology company that specializes in the development and manufacture of batteries for electric vehicles and stationary applications. The company has a market cap of 9.03M as of 2023, meaning it is valued at around 9 million dollars. Alelion has a Return on Equity of -97.11%, suggesting that the company is not generating a significant amount of profit in comparison to its shareholders’ investment. Alelion Energy Systems is based in Stockholm, Sweden and is focused on the development of sustainable battery solutions to help power the future.
– FREYR Battery ($NYSE:FREY)
FREYR Battery is a leading global provider of advanced energy storage solutions. With a market cap of 1.04B as of 2023, the company has established itself as one of the leading players in the industry. The company’s Return on Equity (ROE) is -13.4%, indicating that the company is not making a profit from its investments. FREYR Battery provides complete battery solutions to customers, including battery packs, cells, modules, and complete systems for various applications. The company also focuses on research and development in order to stay ahead of the competition and provide its customers with the best products on the market.
– Blivex Energy Technology Co Ltd ($SZSE:300116)
Blivex Energy Technology Co Ltd is a global energy company that focuses on developing and providing innovative energy solutions. It has a market capitalization of 6.99 billion as of 2023, making it a relatively large and established company. Its Return on Equity (ROE) of -36.49% indicates that the company has not been able to consistently generate profit to its shareholders, which has contributed to its lower market cap compared to its peers in the energy industry.
Summary
DRAGONFLY ENERGY reported its earnings results for FY2023 Q3 on September 30, 2023. Total revenue for the quarter decreased by 39.2% to USD 15.9 million, and net income dropped to -10.0 million, a decline of -3.7 million from last year. Investors reacted negatively to the news, causing the stock price to go down the same day.
Moving forward, investors should analyze the company’s financials closely to determine if DRAGONFLY ENERGY is in a position to recover from its recent losses and return to profitability. A deeper look into the company’s operations, such as its financial statements and customer base, will be necessary for making an informed decision on whether or not to invest in DRAGONFLY ENERGY.
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