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Dragonfly Energy(DFLI) - 2025 Q1 - Quarterly Results
2025-04-23 20:25
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): April 23, 2025 DRAGONFLY ENERGY HOLDINGS CORP. (Exact name of registrant as specified in its charter) | Nevada | 001-40730 | 85-1873463 | | --- | --- | --- | | (State or other jurisdiction | (Commission | (IRS Employer | | of incorporation) | File Number) | Identification No.) | | 1190 Trademar ...
Dragonfly Energy Announces First Quarter 2025 Preliminary Net Sales and Adjusted EBITDA
GlobeNewswire· 2025-04-23 20:05
Preliminary First Quarter Net Sales and Adjusted EBITDA Above GuidanceRENO, Nev., April 23, 2025 (GLOBE NEWSWIRE) -- Dragonfly Energy Holdings Corp. (“Dragonfly Energy” or the “Company”) (Nasdaq: DFLI), an industry leader in energy storage and battery technology, today announced preliminary first quarter 2025 Net Sales and Adjusted EBITDA. The Company anticipates first quarter 2025 Net Sales of $13.4 million and Adjusted EBITDA of $(3.6) million, above the guidance provided in the fourth quarter of 2024. “F ...
Dragonfly Energy Partners with the National Forest Foundation to Plant Thousands of Trees for Earth Day
Newsfilter· 2025-04-21 11:30
Dragonfly Energy's collaboration with the National Forest Foundation underscores the company's continued commitment to sustainability and environmental stewardship. The pledge from Dragonfly Energy to plant thousands of trees is part of a bigger environmental plan initiated by the US Forest Service to combat climate change.Dragonfly Energy is committed to helping the National Forest Foundation reach its goal to successfully plant 50 million trees by the end of 2025. RENO, Nev., April 21, 2025 (GLOBE NEWSWI ...
Dragonfly Energy's Battle Born® Mobile App Now Available for Android Users
Newsfilter· 2025-04-14 11:30
RENO, Nev., April 14, 2025 (GLOBE NEWSWIRE) -- Android users can now wirelessly monitor and manage their Battle Born® smart battery systems through the newly released Battle Born Mobile App, available on the Google Play Store. Developed by Dragonfly Energy Holdings Corp. (NASDAQ:DFLI) ("Dragonfly Energy" or the "Company"), an industry leader in energy storage and battery technology and maker of Battle Born Batteries®, the app works exclusively with batteries equipped with Dragonfly IntelLigence®—the Compan ...
Dragonfly Energy Wins the 2025 “Battery Technology Company of the Year” CleanTech Breakthrough Award
GlobeNewswire· 2025-04-10 11:30
Annual Awards Program Recognizes Companies and Products Driving Innovation in the Global Clean Technology IndustrySelected from thousands of nominations across 14 countries, Dragonfly Energy was named “Battery Technology Company of the Year” for its industry-leading innovations in lithium battery technology.The award highlights the Company’s patented dry electrode manufacturing process, which eliminates toxic solvents and energy-intensive drying ovens—reducing environmental impact and enabling scalable, sus ...
Dragonfly Energy Wins the 2025 "Battery Technology Company of the Year" CleanTech Breakthrough Award
Newsfilter· 2025-04-10 11:30
Selected from thousands of nominations across 14 countries, Dragonfly Energy was named "Battery Technology Company of the Year" for its industry-leading innovations in lithium battery technology.The award highlights the Company's patented dry electrode manufacturing process, which eliminates toxic solvents and energy-intensive drying ovens—reducing environmental impact and enabling scalable, sustainable battery cell production.Dragonfly IntelLigence® technology was also recognized for redefining smart batte ...
Dragonfly Energy(DFLI) - 2024 Q4 - Annual Report
2025-03-31 20:21
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _______ to _______ Commission file number 001-40730 DRAGONFLY ENERGY HOLDINGS CORP. (Exact name of registrant as specified in its charter) (State or other jurisdic ...
Dragonfly Energy(DFLI) - 2024 Q4 - Earnings Call Transcript
2025-03-24 22:20
Financial Data and Key Metrics Changes - Total revenue grew 17% year-over-year to $12.2 million, marking the first quarterly year-over-year revenue growth in two years [13][31] - OEM sales increased 61% to $6.2 million from $3.9 million, while DTC sales declined to $5.7 million from $6.6 million due to macroeconomic pressures [31][32] - Gross profit rose 12.5% to $2.5 million, with a gross profit margin of 20.8%, although gross margin declined by 80 basis points year-over-year due to higher material costs [33] - Net loss was $9.8 million, translating to a diluted net loss of $1.39 per share, compared to a net income of $3.3 million with diluted earnings per share of $0.50 in the previous year [34] - Adjusted EBITDA was negative $2.3 million, worse than the negative $1.8 million reported last year [35] Business Line Data and Key Metrics Changes - OEM sales growth was driven by increased adoption of current products and new product uptake [31][32] - DTC segment sales decline reflects ongoing macroeconomic pressures impacting consumer spending [32] Market Data and Key Metrics Changes - The RV market continues to face challenges, but there are signs of increased adoption of premium products as manufacturers reintegrate add-ons into their units [15] - The trucking industry is identified as a significant growth opportunity, with partnerships leading to fleet-wide implementations of Dragonfly Energy's solutions [16][18] Company Strategy and Development Direction - The company has launched a corporate optimization program to focus on near-term revenue-generating opportunities and accelerate profitability [9][11] - A debt restructuring has enhanced financial flexibility, extending debt maturity to October 2027 and reclassifying debt as long-term [8] - The company is diversifying its revenue streams beyond the RV sector, particularly targeting the trucking industry and other industrial markets [19][36] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving positive adjusted EBITDA by the fourth quarter of 2025, driven by growth in the RV and trucking markets [35][36] - The company is optimistic about the momentum in its diversification efforts and believes it is well-positioned to capitalize on growth opportunities [36] Other Important Information - The company has strengthened its distribution network through partnerships with key players in the RV and marine sectors [14] - A strategic relocation to a new facility is expected to drive long-term operational efficiencies [33] Q&A Session Summary Question: Clarification on EBITDA profitability target for Q4 - Management expects the entire fourth quarter to be adjusted EBITDA positive [40] Question: Contingency plans if market conditions do not improve - Management indicated that they are not overly reliant on contingency plans, as they are optimistic based on the current pipeline of opportunities [42] Question: Update on dry manufacturing business - The focus has shifted to collaborating with customers who can produce cells from the electrodes provided by the company, rather than producing cells in-house [46][47] Question: Impact of tariffs on profitability guidance - Management confirmed that tariff impacts have been accounted for in profitability guidance, noting that their non-tariffable costs are lower than industry averages [49][50] Question: Trends in the RV market and re-contenting - Management noted a modest growth forecast for the RV industry, with wider adoption of their products among core customers [57][58] Question: Update on the Stryten licensing deal - The relationship is active, focusing on product development, but meaningful revenue is not expected until 2026 or late 2025 [68][69]
Dragonfly Energy(DFLI) - 2024 Q4 - Annual Results
2025-03-24 20:28
Exhibit 99.1 "After quarter end, we were very pleased to have successfully negotiated a significant debt restructuring with our lenders, allowing for covenant relief while pushing off the maturity date. With this action, our debt will be classified as long-term debt on our balance sheet. Concurrent with the debt restructuring, we also secured additional capital through a strategic investor," commented Dr. Denis Phares, Chief Executive Officer. "We believe these actions greatly strengthen our near-term finan ...
Dragonfly Energy Reports Fourth Quarter and Full Year 2024 Results
GlobeNewswire· 2025-03-24 20:05
Fourth Quarter Revenue Growth of 17% Led by Significant OEM GrowthDebt Restructuring and Concurrent Capital Raise Enhance Financial Position and LiquidityInitiates Corporate Optimization ProgramGuides to First Quarter 2025 Net Sales of Approximately $13.3 MillionTargets Positive Adjusted EBITDA in Fourth Quarter 2025 RENO, Nev., March 24, 2025 (GLOBE NEWSWIRE) -- Dragonfly Energy Holdings Corp. (“Dragonfly Energy” or the “Company”) (Nasdaq: DFLI), an industry leader in energy storage and battery technology, ...