Core Viewpoint - Dragonfly Energy Holdings Corp. has successfully completed a debt restructuring and a capital raise, significantly enhancing its financial flexibility and liquidity [1][2][3] Debt Restructuring - The company amended its existing debt facility with senior lenders, which includes a waiver of quarterly liquidity covenant requirements through June 30, 2026, and an extension of the debt maturity date to October 7, 2027 [7] - The amendment also includes a Payment-in-Kind (PIK) interest option for 2025 and a reduction of the monthly minimum liquidity covenant to $2.5 million through March 31, 2026 [7] Capital Raise - Dragonfly Energy raised $3.5 million through a registered direct offering and private placement of Series A Convertible Preferred Stock, with a potential additional $4.5 million contingent on stockholder approval [2][4] - The company has also agreed to sell warrants to purchase up to an aggregate of $40 million in additional shares of Preferred Stock, providing further capital opportunities [2][4] Use of Proceeds - The net proceeds from the private placement will be utilized for working capital and general corporate purposes [3] Company Overview - Dragonfly Energy is a leader in energy storage and battery technology, specializing in lithium battery manufacturing and system integration [9] - The company aims to advance clean energy solutions through its proprietary, nonflammable, all-solid-state battery cells [9]

Core Insights - Dragonfly Energy Holdings Corp. has appointed AdvisIRy Partners as its new investor relations firm to enhance its communication and investor relations strategies [1][2] - The company specializes in innovative lithium-ion battery solutions for various sectors including RV, trucking, and industrial applications, and is advancing next-generation battery cell manufacturing with proprietary dry electrode technology [2][3] - Dragonfly Energy is recognized for its Battle Born Batteries brand and has established a strong presence in the lithium battery industry with a focus on domestic cell production and the development of nonflammable, all-solid-state battery cells [3] Company Overview - Dragonfly Energy Holdings Corp. (Nasdaq: DFLI) is a comprehensive lithium battery technology company engaged in cell manufacturing, battery pack assembly, and full system integration [3] - The company has deployed hundreds of thousands of reliable battery packs through top-tier OEMs and a diverse retail customer base, positioning itself as a frontrunner in the lithium battery industry [3] - Dragonfly Energy's patented dry electrode manufacturing process allows for chemistry-agnostic power solutions applicable in energy storage systems, electric vehicles, and consumer electronics [3] AdvisIRy Partners Overview - AdvisIRy Partners is an investor relations and corporate communications firm based in New York City, designed to deliver tangible results for corporate clients [5] - The firm combines sell-side, buy-side, and investor relations experience to provide senior-level advisory work and customized programs for a diverse client base [5]

Core Insights - Dragonfly Energy Holdings Corp. has appointed AdvisIRy Partners as its new investor relations firm to enhance its communication and investor relations strategy [1][2] - The company specializes in innovative lithium-ion battery solutions for various sectors, including RV, trucking, and industrial applications, and is advancing next-generation battery cell manufacturing with proprietary dry electrode technology [2][3] - Dragonfly Energy is recognized for its Battle Born Batteries® brand and has established a strong presence in the lithium battery industry with a significant number of battery packs deployed through top-tier OEMs [3] Company Overview - Dragonfly Energy Holdings Corp. (NASDAQ:DFLI) focuses on lithium battery technology, encompassing cell manufacturing, battery pack assembly, and full system integration [3] - The company aims to lead in domestic lithium battery cell production and offers chemistry-agnostic power solutions for energy storage systems, electric vehicles, and consumer electronics [3] - Dragonfly Energy's mission includes the future deployment of proprietary, nonflammable, all-solid-state battery cells [3] AdvisIRy Partners Overview - AdvisIRy Partners is an investor relations and corporate communications firm based in New York City, designed to deliver measurable results for corporate clients [5] - The firm combines sell-side, buy-side, and investor relations expertise to provide senior-level advisory services and customized programs for a diverse client base [5]

Core Viewpoint - Dragonfly Energy Holdings Corp. has secured a significant purchase order from Stevens Transport for its Battle Born® All-Electric APUs, marking a key partnership aimed at advancing sustainable transportation solutions in the trucking industry [1][2]. Group 1: Partnership and Commitment - Stevens Transport has committed to transitioning its entire fleet of 2,500 trucks to Dragonfly Energy's lithium power solutions, starting with 100 trucks in Q1 2025 [2]. - This partnership emphasizes the importance of hybrid electrification as a practical step towards fleet sustainability, combining combustion engines with lithium iron phosphate batteries [3][4]. Group 2: Technological Advancements - Dragonfly Energy's All-Electric APU system is designed to provide reduced emissions, cost efficiencies, and enhanced driver comfort, supporting Stevens Transport's sustainability goals [4][5]. - The advanced battery solutions from Dragonfly Energy have exceeded performance and reliability expectations during testing, setting a new standard for operational efficiency in transportation [5]. Group 3: Industry Context - The collaboration between Dragonfly Energy and Stevens Transport highlights a shift in the transportation industry towards hybrid solutions, contrasting with the focus on full electrification by many companies [3]. - This partnership serves as a precedent for sustainable innovation in the logistics sector, as more companies recognize the benefits of hybridization [4].

Core Insights - Dragonfly Energy Holdings Corp. has secured a significant purchase order for its Battle Born All-Electric APUs from Stevens Transport, a leading temperature-controlled freight carrier in North America, marking a milestone in sustainable transportation solutions [1][2] - Stevens Transport plans to transition its entire fleet of 2,500 trucks to Dragonfly Energy's lithium power solutions, starting with 100 trucks in Q1 2025, emphasizing a commitment to reducing carbon emissions and enhancing fuel efficiency [1][2] - The partnership highlights a shift towards hybrid electrification in the trucking industry, combining combustion engines with lithium iron phosphate batteries for cost-effective and sustainable fleet performance [1][2] Company Overview - Dragonfly Energy is a leader in energy storage and battery technology, specializing in lithium battery manufacturing and system integration, with a mission to advance clean energy solutions [1][2] - The company’s Battle Born Batteries brand has established a strong presence in the lithium battery market, with a focus on innovative technologies and a patented dry electrode manufacturing process [2] - Stevens Transport, based in Dallas, Texas, has over 40 years of experience in the transportation industry, specializing in temperature-controlled logistics and committed to integrating high-performance technologies [3]

Core Viewpoint - Dragonfly Energy Holdings Corp. has published its inaugural Environmental, Social, and Governance (ESG) report, highlighting its commitment to sustainability, diversity, and positive community impact [1][2]. Group 1: ESG Report Highlights - The company’s dry electrode manufacturing process reduces energy consumption by 71% and carbon footprint by 9% compared to conventional methods, while eliminating toxic solvents and producing PFAS-free electrodes [2]. - Dragonfly Energy's lithium iron phosphate (LiFePO4) battery packs are designed with non-toxic, cobalt-free materials, ensuring safety and sustainability with exceptional cycle life [2]. - The workforce comprises 40% racial and ethnic minorities, with a promotion rate exceeding 25%, reflecting the company's commitment to diversity and employee development [2]. - The company engages with local and national initiatives, partnering with educational institutions and non-profits to foster community impact [2]. - Dragonfly Energy adheres to high ethical standards under a diverse Board of Directors, ensuring transparency and accountability in its business practices [2]. Group 2: Company Overview - Dragonfly Energy specializes in lithium battery technology, including cell manufacturing and battery pack assembly, and is recognized for its Battle Born Batteries® brand [4]. - The company is at the forefront of domestic lithium battery cell production, utilizing a patented dry electrode manufacturing process for various applications, including energy storage systems and electric vehicles [4]. - The overarching mission of the company is to deploy proprietary, nonflammable, all-solid-state battery cells in the future [4].

Core Viewpoint - Dragonfly Energy Holdings Corp. announced a 1-for-9 reverse stock split of its common stock, effective November 22, 2024, to reduce the number of outstanding shares and potentially enhance the stock's marketability [1][4]. Summary by Sections Reverse Stock Split Details - The reverse stock split will convert every nine pre-split shares into one share, maintaining the par value at $0.0001 per share [2]. - The total number of shares will decrease from approximately 63.2 million to about 7.0 million [3]. - The reverse stock split will not change the authorized number of shares and will apply uniformly to all stockholders, with adjustments made for any fractional shares [2][4]. Approval and Implementation - The reverse stock split was approved by a majority of votes at the Annual Meeting of Stockholders on November 12, 2024, with the Board deciding on a 1-for-9 ratio [4]. - Equinity Trust Company, LLC will act as the exchange and transfer agent for the reverse stock split, and stockholders need not take any action if their shares are held in book-entry form or brokerage accounts [5]. Company Overview - Dragonfly Energy is a leader in lithium battery technology, specializing in cell manufacturing and battery pack assembly, with a focus on energy storage solutions [6]. - The company is known for its Battle Born Batteries® brand and has a significant presence in various applications, including energy storage systems and electric vehicles [6].

Financial Data and Key Metrics Changes - Dragonfly Energy generated net sales of $12.7 million in Q3 2024, down from $15.9 million in Q3 2023, attributed to weakness in direct-to-consumer battery sales [31] - Gross profit in Q3 2024 was approximately $2.9 million compared to $4.6 million in Q3 2023, with gross margin decreasing from 28.9% to 22.5% [32] - Net loss in Q3 2024 was $6.8 million or $0.11 loss per share, compared to a net loss of $10 million or $0.17 loss per share in Q3 2023 [34] - EBITDA in Q3 2024 was negative $0.8 million compared to negative $5.7 million in Q3 2023 [35] - Cash at the end of Q3 2024 was approximately $8.0 million, up from $4.7 million at the end of Q2 2024 [36] Business Line Data and Key Metrics Changes - OEM sales increased from $5.6 million in Q2 2024 to $7.4 million in Q3 2024, representing a 10% increase, attributed to a recovering RV market and the introduction of smart battery products [20][22] - Direct-to-consumer segment generated net sales of $5.2 million in Q3 2024, down from $10.3 million in Q3 2023 [31] - The company recognized its first meaningful trucking revenue in Q3 2024, with expectations for continued growth in this segment [9] Market Data and Key Metrics Changes - The RV Industry Association forecasts continued recovery in the RV market, with unit production reaching the mid 300,000 per year range [22] - The heavy-duty trucking market is expected to see increased revenue due to the introduction of Dragonfly Intelligent technology, which offers real-time insights into energy systems [24] Company Strategy and Development Direction - The company is focusing on diversifying revenue streams and enhancing technology, particularly in the trucking and oil and gas sectors [6][7] - Dragonfly Energy aims to leverage its experience in transitioning from lead-acid to lithium solutions, with a strategic emphasis on partnerships and research and development [7][8] - The company is exploring North American expansion and establishing a Canadian subsidiary for cell manufacturing [15] Management's Comments on Operating Environment and Future Outlook - Management acknowledged macroeconomic headwinds impacting consumer discretionary spending but expressed confidence in the company's adaptability [6] - The company expects Q4 2024 to be its strongest quarter of the year, with revenues projected between $13.5 million and $14.0 million [37] - Management anticipates notable growth in trucking revenue and a return to growth in direct-to-consumer markets with the release of new products [37] Other Important Information - The company has made strides in partnerships, particularly with Stryten Energy, to enhance its battery technology and expand market reach [12][13] - Dragonfly Energy is committed to vertical integration through a lithium sourcing agreement with Ioneer, which received federal approval for its lithium mine [16][17] Q&A Session Summary Question: Thoughts on dry electrode battery technologies - Management discussed their long-term work on dry electrode technology, emphasizing its potential for cost reduction and scalability compared to competitors [41][44] Question: Details on non-dilutive capital for production - Management is in advanced negotiations for financing through a Canadian subsidiary to support half-gigawatt-hour production [46] Question: Revenue potential from auxiliary power and market recovery - Management indicated that revenue growth will depend on market acceptance, fleet trials, and overall transportation market recovery [50] Question: Update on methane reduction pilot and market potential - Positive feedback was received from pilot programs, with ongoing negotiations indicating strong market interest regardless of potential regulatory changes [51]

Quarterly Earnings Update | Q3 2024 November 14, 2024 Nasdaq: DFLI Legal Disclaimer This corporate presentation (this "Presentation") has been prepared for use by Dragonfly Energy Holdings Corp. ("Dragonfly Energy" or the "Company"). This Presentation is for information purposes only and may not be reproduced or redistributed, in whole or in part, without the prior written consent of Dragonfly Energy. Dragonfly Energy does not make any representation or warranty as to the accuracy or completeness of the inf ...

Dragonfly Energy Holdings Corp. (DFLI) came out with a quarterly loss of $0.17 per share versus the Zacks Consensus Estimate of a loss of $0.18. This compares to loss of $0.17 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 5.56%. A quarter ago, it was expected that this company would post a loss of $0.16 per share when it actually produced a loss of $0.22, delivering a surprise of -37.50%. Over the last four quarters, the co ...