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]