Exhibit 99.1 Dragonfly Energy Reports Third Quarter 2024 Financial and Operational Results RENO, NEVADA (November 14, 2024) — Dragonfly Energy Holdings Corp. ("Dragonfly Energy" or the "Company") (Nasdaq: DFLI), maker of Battle Born Batteries and an industry leader in energy storage, today reported its financial and operational results for the third quarter ended September 30, 2024. Third Quarter 2024 Financial Highlights ● Net Sales were $12.7 million, compared to $15.9 million in Q3 2023 ● Gross Profit wa ...

RENO, Nev., Nov. 14, 2024 (GLOBE NEWSWIRE) -- Dragonfly Energy Holdings Corp. ("Dragonfly Energy" or the "Company") (Nasdaq: DFLI), maker of Battle Born Batteries® and an industry leader in energy storage, today reported its financial and operational results for the third quarter ended September 30, 2024. Third Quarter 2024 Financial Highlights Net Sales were $12.7 million, compared to $15.9 million in Q3 2023 Gross Profit was $2.9 million, compared to $4.6 million in Q3 2023 Operating Expenses were $(8.9) ...

RENO, Nev., Oct. 30, 2024 (GLOBE NEWSWIRE) -- Dragonfly Energy Holdings Corp. ("Dragonfly Energy" or the "Company") (Nasdaq: DFLI), maker of Battle Born Batteries® and an industry leader in energy storage, today announced that the Company will release its financial and operational results for the third quarter ended September 30, 2024 after market close on Thursday, November 14, 2024. The earnings press release will be followed by a conference call on November 14, 2024 at 5:00 PM Eastern Time. Interested in ...

Dragonfly Energy Holdings Corp. (NASDAQ:DFLI) Q2 2024 Earnings Conference Call August 14, 2024 5:00 PM ET Company Participants Denis Phares - Chief Executive Officer Wade Seaburg - Chief Revenue Officer Conference Call Participants George Gianarikas - Canaccord Genuity Corp Chip Moore - ROTH Capital Partners LLC Jeff Grampp - Alliance Global Partners Operator Good afternoon. My name is Marissa, and I will be your operator today for Dragonfly Energy's Second Quarter 2024 Earnings Call. The call can be access ...

Quarterly Earnings Update | Q2 2024 August 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 infor ...

Dragonfly Energy Holdings Corp. (DFLI) came out with a quarterly loss of $0.22 per share versus the Zacks Consensus Estimate of a loss of $0.16. This compares to loss of $0.25 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -37.50%. 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 $0.17, delivering a surprise of -6.25%. Over the last four quarters, the c ...

Financial Performance - For the quarter ended June 30, 2024, the company sold 11,526 batteries, generating net sales of $13.2 million, compared to 20,966 batteries and $19.3 million in net sales for the same quarter in 2023, reflecting a decrease of approximately 30% in both sales volume and revenue [133]. - The company reported a net loss of $13.6 million for the quarter ended June 30, 2024, compared to a net loss of $11.9 million for the same quarter in 2023, indicating an increase in losses year-over-year [140]. - Net sales decreased by $6.1 million, or 31.5%, to $13.2 million for the three months ended June 30, 2024, compared to $19.3 million for the same period in 2023 [179]. - The company generated a net loss of $24.0 million for the six months ended June 30, 2024, compared to a net loss of $7.1 million for the same period in 2023 [202]. - Net cash used in operating activities for the six months ended June 30, 2024, was $7.4 million, primarily due to a net loss of $24.0 million [240]. Sales and Revenue Trends - The company reported a decrease in sales due to weaker demand from OEM and DTC customers in core RV and marine markets, attributed to rising interest rates and inflation [134]. - DTC revenue decreased by $8.3 million to $11.7 million, while OEM revenue decreased by $4.1 million to $14.0 million due to lower customer demand and changes in product offerings [193]. - Net sales decreased by $12.4 million, or 32.4%, to $25.7 million for the six months ended June 30, 2024, compared to $38.1 million for the same period in 2023 [193]. Cost and Expenses - Cost of goods sold decreased by $5.3 million, or 34.6%, to $10.0 million for the three months ended June 30, 2024, compared to $15.4 million for the same period in 2023 [181]. - Gross profit decreased by $0.7 million, or 19.3%, to $3.2 million for the three months ended June 30, 2024, compared to $3.9 million for the same period in 2023 [182]. - Research and development expenses increased by $0.4 million, or 43.5%, to $1.5 million for the three months ended June 30, 2024, compared to $1.1 million for the same period in 2023 [183]. - General and administrative expenses decreased by $1.9 million, or 25.1%, to $5.7 million for the three months ended June 30, 2024, compared to $7.6 million for the same period in 2023 [184]. - Selling and marketing expenses decreased by $1.1 million, or 29.6%, to $2.7 million for the three months ended June 30, 2024, compared to $3.8 million for the same period in 2023 [186]. Strategic Initiatives and Developments - The company achieved full certification for its energy storage products for use in oil & gas operations in North America, with expected deployment of the first systems in Q3 2024 and anticipated contribution to net sales by Q4 2024 [135]. - The company is developing solid-state cell technology, which is expected to enhance safety and production efficiency, with plans to scale production during 2025 [138]. - The company has made significant progress in distribution channels, receiving approvals for battery installations at major truck modification centers, enhancing product availability [154]. - A partnership with Highway Transport aims to transition their fleet of over 500 trucks to the company's all-electric APUs, marking a significant expansion in the commercial trucking sector [155]. - The company plans to expand into new markets, including medium and heavy-duty trucking, solar integration, and emergency power solutions, leveraging its LFP batteries [161]. Financing and Capital Structure - The company has entered into a $150 million equity facility with Chardan Capital Markets LLC to support ongoing operations and strategic investments [140]. - The company raised approximately $20.7 million from a public offering in June 2023, selling 10 million shares at a price of $2.00 per share [144]. - The company may need to raise additional debt and/or equity financing to fund operations and meet financial covenants [237]. - The company has received multiple waivers from lenders regarding compliance with financial covenants, indicating potential challenges in meeting obligations [236]. - Future debt or equity financings may be dilutive to current stockholders, impacting shareholder value [237]. Inventory and Supply Chain - The company relies on a limited number of suppliers for lithium iron phosphate cells, which poses a risk to its supply chain stability [127]. - The company relies on two cell manufacturers in China and has signed a Commercial Offtake Agreement for lithium supply, which is expected to help manage costs over time [163]. - The company reduced purchase activities in 2024 due to business contraction and uncertainty, impacting inventory levels [220]. - The company's inventory balance decreased by $10.1 million to $28.7 million as of June 30, 2024, compared to $38.8 million at December 31, 2023 [220]. Future Outlook - The company expects deployment of products for oil and gas operations in North America to begin contributing to net sales by the fourth quarter of 2024 [180]. - The company anticipates receiving an initial licensing fee of $5 million from Stryten Energy LLC by the end of August 2024 [219]. - The company expects to spend in excess of $50 million on solid-state battery development and cell manufacturing technologies over the next two to three years [220]. - The company is likely to fail to meet financial covenants within the next twelve months, raising substantial doubt about its ability to continue as a going concern [236].

Exhibit 99.1 Dragonfly Energy Reports Second Quarter 2024 Financial and Operational Results ● Dragonfly Energy entered into a $30 million licensing agreement with Stryten Energy, a leading North American battery manufacturer, to allow for expansion of Battle Born Batteriesproducts into new markets ● The Company announced progress in bringing its lithium battery technology to the trucking sector, including a new partnership with Highway Transport to integrate Dragonfly Energy's all-electric auxiliary power u ...

An archive of the webcast will be available for a period of time shortly after the call on the Events and Presentations page on the Investor Relations section of Dragonfly Energy's website, along with the earnings press release. To learn more about Dragonfly Energy and its commitment to clean energy advancements, visit www.dragonflyenergy.com/investors. Interested investors and other parties may access the live webcast via the link found here or through the Events and Presentations page within the Investor ...

The partnership between Dragonfly Energy and Canada's largest coast-to-coast RV dealership group is expected to bring elevated sustainability, enhanced customer experience and expert support to Canadian RV owners. With dealerships across Canada, Fraserway RV will stock and install Battle Born Batteries® as a customer upgrade option. This collaboration capitalizes on Canada's growing RV market, where active camping households in Canada have increased by 68 percent since 2014, further solidifying Dragonfly En ...