Dragonfly Energy Holdings Corp. reported third-quarter 2026 net sales of $12.2 million, falling short of its $13.5 million guidance due to ongoing weakness in the RV market. While OEM sales dropped 33.3% year-over-year, the company saw heavy-duty trucking revenue more than double to $1.3 million. Management provided a fourth-quarter outlook of approximately $12.5 million in net sales and breakeven Adjusted EBITDA, contingent on tariff-related refunds.
Bearish
🤖 60%
Q3 2026 net sales of $12.2 million came in below the company's own guidance of approximately $13.5 million, with OEM sales down 33.3% year-over-year and gross margin slipping to 27.0% from 29.7%. Net Loss Attributable to Common Stockholders was $(6.7) million. Offsetting positives: trucking revenue more than doubled to $1.3 million and Q4 guidance targets approximately breakeven Adjusted EBITDA, but that outlook leans partly on tariff-related refunds, and the revenue miss on the quarter just reported is the hard fact investors will trade on first.
Catalysts
- ▼ Q3 net sales of $12.2 million versus prior guidance of approximately $13.5 million
- ▼ Q4 2026 guidance of approximately $12.5 million net sales and roughly breakeven Adjusted EBITDA
Risk Factors
- ▲ Trucking revenue is still small at $1.3 million versus total sales of $12.2 million
- ▲ Breakeven Q4 EBITDA guidance relies on anticipated tariff-related refunds and cannot be reconciled without unreasonable effort