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Dragonfly Energy Holdings Corp (Nasdaq: DFLI) drives innovation in non-toxic lithium-ion battery technology for renewable energy storage and mobile applications. This page aggregates official announcements and verified news about the company’s sustainable energy solutions, manufacturing advancements, and market initiatives.
Investors and industry professionals will find timely updates on product launches, financial results, and strategic partnerships related to RV, marine, and off-grid energy systems. The curated collection includes developments in the patented dry electrode manufacturing process, Battle Born Batteries deployments, and progress toward solid-state battery commercialization.
All content undergoes strict verification to ensure accuracy regarding DFLI’s vertically integrated operations and environmental commitments. Regular updates provide insights into how the company maintains leadership in lithium iron phosphate (LFP) technology while expanding into new energy storage markets.
Bookmark this page for streamlined access to Dragonfly Energy’s latest corporate milestones, technological breakthroughs, and sustainability achievements. Check back frequently for authoritative reporting on one of the battery sector’s most innovative manufacturers.
Dragonfly Energy Holdings Corp. (Nasdaq: DFLI), a leader in energy storage solutions, will participate in several significant conferences in June 2024. The events include Rho Motion Live in Paris, Benchmark Giga USA in Washington, D.C., and the ROTH London Conference. Key company representatives will present innovative advancements in battery manufacturing, focusing on their patented dry electrode technology and PFAS-free electrodes. The company will also discuss its latest expansion into heavy-duty trucking and oil and gas markets. These engagements aim to highlight recent research, cost assessments, and sustainability achievements.
Dragonfly Energy (Nasdaq: DFLI) reported its Q1 2024 financial results, revealing net sales of $12.5M, a decline from $18.8M in Q1 2023. Gross profit decreased to $3.1M from $4.7M, with a net loss of $10.4M compared to a net income of $4.8M last year. The decline is attributed to lower battery sales and reduced customer demand due to inflation and higher interest rates. Operating expenses were trimmed to $8.9M from $14.6M, driven by cost-cutting measures. Looking ahead, Dragonfly Energy expects Q2 net sales between $14M-$15M and a net loss between $8M-$10M. The company is expanding into the oil & gas sector and has introduced new products in the trucking industry.
Dragonfly Energy (Nasdaq: DFLI) reported its Q1 2024 financial results. Net sales decreased to $12.5 million from $18.8 million in Q1 2023, mainly due to lower battery and accessory sales. Gross profit also fell to $3.1 million from $4.7 million. Operating expenses were reduced to $8.9 million from $14.6 million, but the company still posted a net loss of $10.4 million, compared to a net income of $4.8 million in Q1 2023. EBITDA was negative at $5.3 million, a sharp decline from $8.9 million in Q1 2023. Operational highlights include new orders in the trucking industry, certification for energy storage products in the oil & gas sector, and partnerships with Velociti Inc. and National Forest Foundation.
Dragonfly Energy expects net sales of $14.0 - $15.0 million for Q2 2024, with gross margins between 24% and 26%, and operating expenses ranging from $8.5 - $9.5 million. The company anticipates a net loss of $8.0 - $10.0 million for the quarter.
Dragonfly Energy, a green energy storage company, has made a significant breakthrough in lithium battery production by creating PFAS-free electrodes, addressing environmental and health concerns related to 'forever chemicals.' The company's dry electrode manufacturing process is sustainable, cost-effective, and environmentally friendly, positioning them for international partnerships and licensing opportunities.
Dragonfly Energy Holdings Corp. (Nasdaq: DFLI) was awarded Business of the Year at the Nevada Business Awards. The company, known for Battle Born Batteries®, received the Spirit of Nevada award for its contributions to the state and support of the community. CEO Dr. Denis Phares expressed gratitude for the recognition and highlighted the company's focus on green energy storage and domestic lithium battery production.
Dragonfly Energy Holdings Corp. (Nasdaq: DFLI) will report its first quarter 2024 financial results on May 14, 2024, followed by a conference call at 5:00 PM Eastern Time. Investors can access the live webcast or call in to listen. An archive will be available on the company's website after the event.
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