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Dragonfly Energy Holdings Corp. (Nasdaq: DFLI) generates a steady flow of news centered on lithium battery technology, energy storage systems, and corporate developments. As a comprehensive lithium battery technology company focused on cell manufacturing, battery pack assembly, and full system integration, its announcements often combine technical progress with commercial milestones.
Recent news releases highlight Dragonfly Energy’s expansion across multiple end markets. In the RV sector, the company reports growing adoption of its Battle Born Batteries systems as standard equipment at major OEMs. In marine applications, it has announced expanded integration with World Cat, described as the world’s largest producer of power catamarans. In heavy-duty trucking, Dragonfly Energy has publicized a commercial order from Werner Enterprises for its Battle Born DualFlow Power Pack idle-reduction systems following long-term pilot testing.
News coverage also includes developments in the rail industry, such as a distribution partnership with National Railway Supply and participation in the American Railway Engineering and Maintenance-of-Way Association’s first lithium battery standard. Product-focused announcements describe the launch of the Battle Born Power Station Series of industrial-grade portable power stations, as well as new inverter/chargers, Base Series batteries, and an updated Battle Born mobile app that support complete power system solutions.
On the corporate side, Dragonfly Energy issues updates on quarterly financial results, capital raises, debt restructuring agreements, and listing compliance actions, including its 1-for-10 reverse stock split and confirmation of regained compliance with Nasdaq requirements. Investors and observers can use the DFLI news stream to follow operational performance, new partnerships, product introductions, and capital structure changes that shape the company’s trajectory in the energy storage space.
Dragonfly Energy Holdings Corp. (Nasdaq: DFLI), a leader in energy storage and battery technology, has appointed AdvisIRy Partners as its new investor relations firm. The company, which specializes in lithium-ion battery solutions for RV, trucking, and industrial sectors, is working on developing proprietary dry electrode technology for next-generation battery cell manufacturing.
CEO Dr. Denis Phares emphasized that this partnership comes at a important point in the company's evolution. AdvisIRy Partners, successor to Morgen-Walke Associates, will be led by Partner Eric Prouty, who will work with Dragonfly's executive team on investor relations strategies, messaging, and outreach. The firm brings extensive experience in sell-side, buy-side, and investor relations.
Dragonfly Energy (Nasdaq: DFLI) has secured a major purchase order from Stevens Transport for its Battle Born® All-Electric APUs. Stevens Transport, one of North America's largest temperature-controlled freight carriers, will transition its entire fleet of 2,500 trucks to Dragonfly's lithium power solutions. The implementation begins with 100 trucks in Q1 2025.
The partnership focuses on hybrid electrification, combining combustion engines with lithium iron phosphate batteries, rather than full fleet electrification. This approach aims to provide a cost-effective, sustainable solution while enhancing fleet performance and reducing operational costs. The initiative represents Stevens Transport's commitment to environmental sustainability and operational efficiency in the trucking industry.
Dragonfly Energy (Nasdaq: DFLI) announces the release of new Battle Born® smart lithium batteries featuring Dragonfly IntelLigence®, their patent-pending technology for battery monitoring. The launch coincides with their Black Friday sales event running through Cyber Monday. The smart batteries offer real-time monitoring capabilities through the Battle Born Mobile App, allowing users to track battery performance, receive alerts, and access historical data. The technology ensures compliance with ABYC E-13 Standards for marine vessel lithium systems. Special introductory pricing is available during the Black Friday event at BattleBornBatteries.com.
Dragonfly Energy (Nasdaq: DFLI) announced a 1-for-9 reverse stock split effective November 22, 2024. The company's common stock will continue trading on Nasdaq under 'DFLI' with a new CUSIP number. The split will reduce outstanding shares from approximately 63.2 million to 7.0 million. The reverse split maintains stockholders' equity percentage and applies to outstanding warrants and stock options with proportionate exercise price adjustments. No fractional shares will be issued; instead, stockholders will receive additional fractions to complete a full share. The split was approved by stockholders on November 12, 2024, with the Board approving the 1-for-9 ratio on November 11, 2024.
Dragonfly Energy (DFLI) reported Q3 2024 financial results with net sales of $12.7 million, down from $15.9 million in Q3 2023. The company posted a net loss of $6.8 million ($0.11 per share), improving from a $10.0 million loss in Q3 2023. Direct-to-consumer sales decreased by $5.2 million, while OEM revenue increased by $1.8 million. The company launched Dragonfly IntelLigence smart battery technology for heavy-duty trucking and expanded distribution through Keystone Automotive Operations. For Q4 2024, the company projects net sales between $13.5-$14.0 million with gross margins of 22.0-25.0%.
Dragonfly Energy (Nasdaq: DFLI) has announced a partnership with Keystone Automotive Operations, making Battle Born Batteries available through Keystone's distribution network. The partnership enables overnight or two-day delivery across 48 US states and 9 Canadian provinces through Keystone's eight distribution centers. Battle Born Batteries will be accessible to customers in multiple sectors, including recreational vehicle (through NTP-STAG), marine (through SeaWide), and overlanding and off-grid industries through Keystone Automotive.
Dragonfly Energy (DFLI) has signed a Memorandum of Understanding with Bruker (BRKR) to enhance battery technology development. The partnership combines Dragonfly's expertise in liquid and solid-state battery technology with Bruker's analytical solutions for battery research and manufacturing.
Dragonfly Energy utilizes Bruker's nuclear magnetic resonance (NMR) equipment to study lithium batteries, optimizing cell performance through their patented dry electrode process. The collaboration leverages multiple Bruker technologies including AFM, FT-IR, NMR, Raman, XRD, and XRF to advance battery development and manufacturing processes.
Dragonfly Energy (Nasdaq: DFLI), maker of Battle Born Batteries® and an energy storage leader, will release its Q3 2024 financial results on November 14, 2024, after market close. The announcement will be followed by a conference call at 5:00 PM Eastern Time. Investors can access the live webcast through the company's investor relations website or join via telephone by dialing (800) 549-8228 (North America) or +1 (289) 819-1520 (International) with conference ID: 64729.
Dragonfly Energy (NASDAQ: DFLI) reported Q2 2024 financial results, highlighting strategic partnerships and market expansion. Key developments include:
1. A $30 million licensing agreement with Stryten Energy for Battle Born Batteries®
2. Partnership with Highway Transport to integrate all-electric APUs into 500+ trucks
3. Collaboration with Fraserway RV and Meyer Distributing to expand RV market presence
Financial highlights:
- Net Sales: $13.2 million (down from $19.3 million in Q2 2023)
- Gross Profit: $3.2 million
- Net Loss: $(13.6) million
- EBITDA: $(8.4) million
Q3 2024 Guidance:
- Net Sales: $13.5 - $15.0 million
- Gross Margin: 24% - 26%
- Operating Expenses: $(10.0) - $(10.5) million
Dragonfly Energy (Nasdaq: DFLI) is partnering with Highway Transport to integrate the Battle Born All-Electric APU into their fleet of over 500 trucks. This lithium-ion battery system provides auxiliary power for trucks, allowing operation of HVAC and electronics while the engine is off. The system is expected to reduce fuel costs and increase sustainability through emission reductions.
Highway Transport's commitment aligns with their Green Treads sustainability initiative. Initial trials have shown promising results, with the APU demonstrating the ability to power hotel loads for 12-16 hours, even in extreme heat. This partnership marks a significant step for Dragonfly Energy in penetrating the commercial trucking industry with lithium power solutions, potentially paving the way for wider adoption in the sector.