Dragonfly Energy Announces Second Quarter 2025 Select Preliminary Results Above Guidance

Core Insights - Dragonfly Energy Holdings Corp. reported strong preliminary second quarter 2025 net sales growth of 23% year-over-year, with anticipated net sales of $16.2 million and an adjusted EBITDA loss of $(2.2) million, both exceeding previous guidance [2][3][4] Financial Performance - The anticipated net sales of $16.2 million represent a 23% increase compared to the same quarter last year [2] - Adjusted EBITDA is expected to improve by approximately $4 million from the previous year, indicating a reduction in losses [2][3] Management Commentary - The CEO, Dr. Denis Phares, expressed satisfaction with the preliminary results, highlighting consecutive quarters of net sales growth and a reduction in adjusted EBITDA loss [3] - The company recently exchanged shares of common stock for all remaining shares of preferred stock, enhancing operational flexibility and supporting future growth [3] 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 [7] - The company aims to lead in domestic lithium battery cell production and is focused on developing nonflammable, all-solid-state battery cells for various applications [7]