Core Insights - Dragonfly Energy Holdings Corp. has published a whitepaper in collaboration with PACCAR Inc. focusing on reducing idling and fuel costs for commercial fleets [1][2] - The whitepaper evaluates lithium-powered idle-reduction solutions, highlighting their performance and operational benefits compared to traditional diesel-powered systems [2][4] Company Overview - Dragonfly Energy is a leader in lithium battery technology, specializing in cell manufacturing and battery pack assembly, with a strong presence in the energy storage market [6] - The company’s Battle Born Batteries brand has established a reputation for reliability, with hundreds of thousands of battery packs deployed [6] Whitepaper Findings - The whitepaper presents data showing significant reductions in fuel consumption and emissions through the use of lithium-powered idle-reduction technologies [4][7] - Key outcomes include improved driver comfort and safety, lower maintenance costs, and extended engine life due to reduced idle wear [7] Collaboration with PACCAR - The partnership with PACCAR allowed for rigorous testing of lithium-powered solutions at the PACCAR Technical Center, validating their performance under challenging conditions [2][3] - The collaboration emphasizes the importance of operational efficiency and maximizing asset utilization for fleets [3]

Core Insights - Dragonfly Energy Holdings Corp. reported a 6.8% increase in net sales for Q1 2025, reaching $13.4 million, driven primarily by an 11% growth in OEM net sales [1][4][6] - The company is focusing on operational efficiencies through a corporate optimization program, which includes enhancing manufacturing capabilities and product development [2][5] - For Q2 2025, Dragonfly Energy anticipates net sales of approximately $14.8 million, representing a year-over-year growth of about 12% [8][14] Financial Performance - Net sales for Q1 2025 were $13.4 million, compared to $12.5 million in Q1 2024, marking a 6.8% increase [4][6] - OEM net sales increased by 10.8% to $8.1 million, while DTC sales decreased by 3.6% to $5.0 million [4][6] - Gross profit rose by 28.7% to $3.9 million, with a gross margin of 29.4%, up from 24.4% [5][6] - The net loss for Q1 2025 was $(6.8) million, an improvement from a net loss of $(10.4) million in the prior year [7][6] Operational Highlights - The company launched the Battle Born DualFlow Power Pack, targeting the trucking industry with a cost-effective hybrid electrification solution [2] - Dragonfly Energy is enhancing its U.S.-based production capabilities and onshoring select components to strengthen its competitive position [8] - The company is negotiating favorable terms with suppliers to mitigate tariff-related impacts [8] Future Outlook - The company remains optimistic about navigating the current macroeconomic environment while executing growth initiatives [8] - Strategic priorities include product innovation, revenue diversification, and prudent cost management [8]