Dragonfly Energy Reports Third Quarter 2025 Results

Core Insights - Dragonfly Energy reported strong financial results for Q3 2025, with net sales and adjusted EBITDA exceeding guidance, driven by a 44% growth in OEM sales [1][2] - The company successfully completed three public offerings, raising approximately $90 million, which significantly improved its financial position and reduced outstanding debt [2][3] - The gross margin expanded by 710 basis points year-over-year, reaching 29.7%, attributed to higher volumes, favorable product mix, and cost optimization initiatives [4][5] Financial Performance - Net sales increased by 25.5% year-over-year to $15.967 million, with OEM sales growing by 44.3% to $10.679 million [3][4] - Gross profit rose by 65.0% to $4.736 million, while operating expenses decreased slightly to $8.514 million [4][5] - The net loss for the quarter was $(11.070) million, compared to $(6.779) million in the prior year, with adjusted EBITDA improving to $(2.137) million from $(5.456) million [4][5][33] Market Position and Outlook - The company is experiencing increased adoption of its products among RV OEMs, validating its value proposition in the premium offerings market [2][3] - Dragonfly Energy anticipates fourth-quarter net sales of approximately $13.0 million, representing a year-over-year growth of about 7% [7] - The company is focused on expanding its partnerships in the RV market and adjacent markets, alongside growing its patent portfolio to strengthen its competitive advantage [2][3]