Dragonfly Energy reported preliminary second quarter 2026 revenue of $13.2 million, falling short of the $16.4 million analyst estimate. The net loss per share of $0.43 was also wider than the anticipated $0.34 loss. Management attributed the performance to a 14.2% year-to-date decline in industry-wide RV shipments and negative third-party online commentary that adversely impacted direct-to-consumer sales sentiment.
Key Highlights
- Adjusted EBITDA of $(1.6) million improved by $3.0 million sequentially, exceeding management's guidance due to the implementation of cost-reduction initiatives.
- Gross margin expanded to 33.0% from 28.3% in the prior year period, primarily driven by a $1.1 million tariff refund benefit recognized during the quarter.
- Heavy-duty trucking revenue is projected to more than double sequentially in the third quarter as fleet deployments for Stevens Transport begin to scale.
- The company secured debt amendments that defer major covenant requirements until September 2027 and convert near-term interest to paid-in-kind, preserving $1 million in liquidity.