Financial Data and Key Metrics Changes - Dragonfly's gross profit in Q1 2024 was approximately $3.1 million, down from $4.7 million in Q1 2023 [12] - Net loss in Q1 2024 was $10.4 million or negative $0.17 per diluted share, compared to net income of $4.8 million or $0.10 per diluted share in Q1 2023 [13] - Net sales in Q1 2024 were $12.5 million, down from $18.8 million in Q1 2023, aligning with guidance of $12 million to $13 million [30] - Operating expenses in Q1 2024 were $8.9 million, down from $14.6 million in Q1 2023 [32] - EBITDA in Q1 2024 was negative $5.3 million, compared to positive $8.9 million in Q1 2023 [34] - Cash position at the end of Q1 2024 was approximately $8.5 million, down from $12.7 million at the end of 2023 [35] Business Line Data and Key Metrics Changes - OEM revenue in Q1 2024 was $7.3 million, down from $8.8 million in Q1 2023; however, excluding Keystone, OEM revenue grew year-over-year by 70% [24][31] - Direct-to-consumer segment generated net sales of $5.2 million in Q1 2024, down from $10.0 million in Q1 2023 [79] Market Data and Key Metrics Changes - The RV Industry Association forecasts a medium annual growth rate of 13.8%, with RV shipments up 9% for Q1 compared to the previous quarter [8] - The company is entering the heavy-duty trucking market, which is expected to contribute more meaningfully to revenue in the second half of 2024 [14] Company Strategy and Development Direction - The company aims to leverage its technology in lithium batteries to expand into adjacent markets, including heavy-duty trucking and oil and gas [4][9] - Dragonfly is focusing on domestic cell production and has garnered interest from large customers in various sectors [10] - The company is pursuing opportunities in the industrial solar and stationary storage markets, driven by new EPA mandates [25][26] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the recovery in the RV market and the potential for growth in the heavy-duty trucking market [14][39] - The company expects revenue in Q2 2024 to be in the range of $14.0 million to $15.0 million, representing approximately 16% sequential growth [36] - Management highlighted the importance of eliminating PFAS chemicals in production, which provides a competitive advantage [66] Other Important Information - The company has achieved necessary certifications for deployment in the oil and gas industry and identified a large new customer in this space [9] - The dry electrode process has shown significant potential for scalability and quality, attracting interest from various sectors [10][28] Q&A Session Summary Question: Impact of Section 301 tariffs on business - Management indicated that the increase in tariffs on non-EV batteries would not affect immediate business but is positive for long-term domestic cell manufacturing [42] Question: Optimism in the RV market - Management noted a recovery in the RV market, with increased orders from Keystone and a growing preference for lithium options [46][47] Question: Revenue opportunity in oil and gas market - Management discussed potential regulations and the environmental benefits of their technology, which could lead to thousands of deployments over the next 18 months [48][52] Question: Adoption patterns in trucking - Management expects adoption rates to align with fleet turnover cycles, estimating that 20%-25% of fleets are turned over annually [54] Question: Competitive landscape and PFAS elimination - Management emphasized the environmental advantages of their PFAS-free batteries and their competitive positioning in both the U.S. and Europe [66]

. ● . Dragonfly Energy's CEO, Dr. Denis Phares, is Featured in an Interview with SmallCapsDaily President & CEO, Dr. Denis Phares, Dives into the Company's Revolutionary Battery Technology and Sustainable Growth Strategy May 16, 2024 7:30 AM EDT | Source: SCD Media, LLC New York, New York--(Newsfile Corp. - May 16, 2024) - Dragonfly Energy Holdings Corp. (NASDAQ: DFLI) ("the Company"), is excited to announce its CEO, Dr. Denis Phares recently sat down for an interview with SmallCaps Daily. During the interv ...

Anode Max. Tensile Force (N) 20 18 16 14 12 10 8 0 ax. Tensile Force Source: Dragonfly Energy ■ Dragonfly Energy High Capacity - PFAS-Free Industry Standard Capacity It is easily achievable to manufacture electrodes that are more or less dense during the manufacturing process >90% FCE >99.9% CE >25 Cycles above 99% capacity retention All cells tested are single layer coin cells Cells tested have approximate areal loadings of 4.8 mAh/cm2 All tests performed at 25˚C Industry uses nano-sized LFP - Dragonfly En ...

☒ QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FORM 10-Q (Mark One) UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 For the quarterly period ended: March 31, 2024 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 DRAGONFLY ENERGY HOLDINGS CORP. (Exact name of registrant as specified in its charter) | Nevada | 85-1873463 | | --- | --- | | (State or other jurisdiction of | (IRS Employer | | incorporation or o ...

First Quarter 2024 Financial Highlights Exhibit 99.1 Dragonfly Energy Reports First Quarter 2024 Financial and Operational Results RENO, NEVADA (May 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 first quarter ended March 31, 2024. Operational and Business Highlights "I am incredibly excited about where Dragonfly Energy stand ...

The latest trading session saw Dragonfly Energy Holdings Corp. (DFLI) ending at $0.97, denoting a -0.63% adjustment from its last day's close. The stock fell short of the S&P 500, which registered a gain of 1.03% for the day. Elsewhere, the Dow gained 0.46%, while the tech-heavy Nasdaq added 1.19%.Prior to today's trading, shares of the company had gained 97.98% over the past month. This has outpaced the Computer and Technology sector's loss of 0.68% and the S&P 500's loss of 1.57% in that time.Market parti ...

RENO, Nev., April 30, 2024 (GLOBE NEWSWIRE) -- Dragonfly Energy Holdings Corp. (NASDAQ:DFLI) ("Dragonfly Energy" or the "Company"), an industry leader in green energy storage and maker of Battle Born Batteries®, announced today its pledge to plant over 10,000 trees in collaboration with the National Forest Foundation (NFF), the official non-profit partner of the USDA Forest Service, in recognition of Earth Day and the Company's commitment to sustainability. In celebration of Earth Day, Dragonfly Energy laun ...

Dragonfly Energy Holdings Corp. (DFLI) could be a solid choice for investors given its recent upgrade to a Zacks Rank #1 (Strong Buy). An upward trend in earnings estimates -- one of the most powerful forces impacting stock prices -- has triggered this rating change.A company's changing earnings picture is at the core of the Zacks rating. The system tracks the Zacks Consensus Estimate -- the consensus measure of EPS estimates from the sell-side analysts covering the stock -- for the current and following ye ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 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) Washington, D.C. 20549 FORM 10-K (Mark One) Nevada 85-1873463 (State ...

Dragonfly Energy (NASDAQ:DFLI) stock is heading higher on Tuesday alongside its earnings report for the fourth quarter of 2023.In that report, the company posted earnings per share of 5 cents. That’s much better than the -20 cents per share that Wall Street was expecting for the quarter. It’s also a massive improvement over the -76 cents per share from the same period of the year prior.Unfortunately, its revenue of $10.4 million is less impressive, That missed analysts’ estimate of $12.24 million for the qu ...