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Dragonfly Energy Holdings Corp. reports developments in lithium battery technology, battery pack assembly, and integrated power systems under the Dragonfly Energy and Battle Born Batteries brands. News commonly covers financial results, OEM and direct-to-consumer sales channels, product launches, heavy-duty trucking power systems, RV and industrial applications, and expansion of the Battle Born energy-storage portfolio into solar products.
Company updates also address research and development for lithium cell manufacturing, its patented dry electrode manufacturing platform, solid-state battery materials, patent activity, technology funding, supply-chain and validation work, capital actions, cost-structure initiatives, and Nasdaq listing compliance matters.
Dragonfly Energy (Nasdaq: DFLI) completed the capital-efficient acquisition of substantially all operating assets associated with the Dakota Lithium brand for a total purchase price of $4 million, including $1 million in cash and $3 million in common stock valued at $2.00 per share (1,500,000 shares) with a 12‑month lock-up.
The acquired assets include the Dakota Lithium brand and IP, product inventory, a complementary battery portfolio, and established customer and distributor relationships across marine, outdoor recreation, powersports, golf cart and other specialty battery markets. Based on historical financial information provided to Dragonfly Energy, Dakota Lithium generated approximately $12 million in net revenue in 2025, below prior years due to working-capital and inventory constraints. Dragonfly Energy plans to run Dakota Lithium as a distinct brand alongside Battle Born Batteries, using existing commercial, operational and support infrastructure, and expects the deal to begin contributing meaningful revenue and be accretive to Adjusted EBITDA in Q4 2026.
Concurrent lender amendments reduce minimum cash covenants and allow two quarters of paid-in-kind interest, which are expected to preserve about $1 million of near-term liquidity and provide additional financial flexibility.
Dragonfly Energy (Nasdaq: DFLI) will release its financial and operational results for the second quarter ended June 30, 2026 after market close on Thursday, August 6, 2026. A conference call to discuss the results will be held the same day at 4:30 PM Eastern Time, accompanied by a live webcast.
According to Dragonfly Energy, investors can access the webcast via a link on the Events and Presentations page in the Investor Relations section of its website. Participants who wish to join by phone and take part in the Q&A must register in advance to receive dial-in details and a unique PIN. The company asks participants to log in or dial in at least 10 minutes early. A replay archive of the webcast and the earnings press release will be available for a period of time on the same Events and Presentations page.
Dragonfly Energy (Nasdaq: DFLI) appointed transportation industry veteran Robert Keller as Director of National Fleet Sales, effective July 21, 2026. Keller brings nearly 40 years of experience in fleet operations, commercial vehicle sales, telematics and transportation technology, and previously held roles at Volvo Trucks North America, Road Ready Advanced Telematics and Fleetworthy Solutions.
According to Dragonfly Energy, he will focus on expanding national fleet relationships and driving adoption of the company’s integrated lithium-based power systems in the heavy-duty trucking market, which are designed to provide auxiliary power while helping reduce engine idling, fuel use and operating costs for commercial fleets.
Dragonfly Energy (Nasdaq: DFLI) appointed Dr. Lukas Lutz to its Board of Directors, strengthening expertise in battery technology, AI and machine learning.
Lutz co-founded Sphere Energy in Germany and has deep experience in battery simulation, data-driven engineering and European battery markets, supporting Dragonfly’s analytics-focused strategy.
Dragonfly Energy (Nasdaq: DFLI) received a U.S. Patent and Trademark Office notice of allowance for “Powderized Solid-State Electrolyte and Electroactive Materials.”
The patent covers manufacturing processes that support solid-state battery development, bolstering the company’s U.S. IP position and broader strategy for scalable, domestic battery cell production.
Dragonfly Energy (Nasdaq: DFLI) received a European Patent Office notice of allowance for its application titled “Systems and Methods for Dry Powder Coating Layers of an Electrochemical Cell.”
The patent covers key elements of the company’s proprietary dry electrode manufacturing platform, reinforcing its intellectual property in scalable, solvent-free and all-solid-state battery manufacturing and supporting future commercialization of next-generation battery technologies.
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Dragonfly Energy (Nasdaq: DFLI) reported Q1 2026 net sales of $9.7 million, down 27.3% year over year, with OEM sales of $5.8 million and DTC sales of $3.7 million. Gross margin was 17.6%. Net loss attributable to common shareholders was $(7.7) million and Adjusted EBITDA was $(4.6) million.
The company highlighted a Stevens Transport purchase order valued at over $3 million covering nearly 500 trucks, ongoing cost reduction actions, and more than $500,000 in additional non-dilutive Nevada Tech Hub funding. Q2 2026 guidance calls for net sales of $13.2 million and Adjusted EBITDA of $(1.9) million.
Dragonfly Energy (Nasdaq: DFLI) launched a redesigned Battle Born e-commerce website to improve customer experience and support commercial growth. The platform offers streamlined purchasing, faster navigation, and better product organization for RV, marine, off-grid, trucking, and industrial applications.
Features include an expanded Battle Born Academy with technical videos and system guidance, plus enhanced workflows and tools tailored for dealers, OEMs, installers, and other professional customers.
Dragonfly Energy (Nasdaq: DFLI) was awarded $527,000 from the Nevada Tech Hub to expand in-house cylindrical cell prototyping and advanced testing, supporting R&D and integration with its battery pack business. The project runs Q2 2026–Q2 2027 and includes ≈$432,000 additional internal investment for labor and engineering.
The initiative acquires specialized prototype equipment and validation systems to qualify materials, accelerate development cycles, and advance the company's patented dry electrode manufacturing platform while contributing to Nevada's battery innovation ecosystem.