Welcome to our dedicated page for Dragonfly Energy news (Ticker: DFLIW), a resource for investors and traders seeking the latest updates and insights on Dragonfly Energy stock.
Dragonfly Energy Holdings Corp. develops lithium battery and energy storage systems centered on Battle Born Batteries®, Dragonfly-branded OEM products, cell manufacturing, battery pack assembly, and system integration. Company updates commonly cover OEM and distribution relationships in recreational vehicle, marine, rail, heavy-duty trucking, industrial, off-grid, and other power markets.
Recurring announcements also include product additions such as Battle Born solar panels and industrial-grade power stations, intellectual-property developments for Wakespeed® Charge Control and solid-state battery materials, operating results, cost-structure initiatives, and capital actions affecting the company's public securities.
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Dragonfly Energy Holdings (Nasdaq: DFLI) announces a partnership with Airstream, integrating Battle Born Batteries as standard equipment in select travel trailer models. This collaboration addresses the common 'battery anxiety' among RV consumers, enhancing their camping experience.
Airstream's President, Bob Wheeler, emphasizes the goal of improved utility and comfort in camping. Dragonfly has also been recognized as a Five Rivet Supplier by Airstream for excellence in quality, delivery, cost, and service.
Dragonfly's CEO, Dr. Denis Phares, expresses excitement over the partnership's future opportunities, further strengthened by their existing connection with THOR Industries.
Dragonfly Energy Holdings Corp. (DFLI) filed its Annual Report on Form 10-K on April 17, 2023, and updated its financial results for the fourth quarter and full year 2022. Key adjustments were made, reflecting changes in operating expenses and net losses due to $19.8 million in deal-related expenses from a prior Business Combination, now classified as general and administrative expenses. These adjustments do not affect net sales or gross profit. Significant figures include:
- Operating Expenses: Increased from $12,481K to $32,941K for Q4 and from $37,541K to $58,001K for the full year.
- Net Loss: Adjusted from $11,655K to $32,115K for Q4 and from $19,111K to $39,571K for the full year.
- EBITDA: Adjusted from $7,843K to $27,593K for Q4 and from $12,645K to $32,444K for the full year.
Dragonfly Energy Holdings Corp. (DFLI) reported its 2022 financial results, with revenue up to $86.3 million, a 10.6% increase from 2021. In Q4 2022, net sales remained stable at $20.2 million, while gross profit fell to $4.4 million from $6.1 million in Q4 2021. Operating expenses surged to $(12.5) million, leading to a net loss of $(11.7) million for the quarter. For 2023, the company anticipates net sales between $112-$122 million, driven by OEM growth, with expected net losses of $(10.5)-$(11.5) million in Q1.
Dragonfly Energy Holdings Corp. (Nasdaq: DFLI) will announce its financial results for the fourth quarter and year ending December 31, 2022, on March 29, 2023, after market close. The earnings announcement will be followed by a conference call at 5:00 PM ET, accessible via live webcast on the company’s Investor Relations page. Dragonfly is a leader in deep cycle lithium-ion storage batteries, focusing on innovative energy storage solutions, including solid-state cell technology for smart grids. Interested parties can access the call details and future earnings archives on the company’s website.