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.
News and disclosures related to Dragonfly Energy Holdings Corp. (DFLI, DFLIW) focus on its activities as a lithium battery technology and energy storage company. Through regular press releases and SEC-referenced announcements, the company reports on developments in cell manufacturing, battery pack assembly, full system integration, and the expansion of its Battle Born Batteries® brand across multiple end markets.
Readers of this news feed can follow updates on Dragonfly Energy’s commercial progress in sectors such as recreational vehicles, marine, rail, and heavy-duty trucking. Recent communications describe OEM integrations of Battle Born® systems in RVs and power catamarans, a distribution partnership with National Railway Supply for rail applications, and orders from Werner Enterprises for idle-reduction power systems built on the company’s LiFePO₄ technology.
The company’s news also covers product launches and portfolio expansion, including industrial-grade Battle Born® Power Station units, new inverter/chargers, Base Series batteries, and a redesigned Battle Born mobile app intended to support complete power system solutions. These announcements provide insight into how Dragonfly Energy is broadening its offerings beyond standalone batteries into integrated power platforms.
In addition, Dragonfly Energy uses news releases to communicate financial and corporate milestones, such as quarterly results, capital raises, debt restructuring agreements, Nasdaq listing status updates, and reverse stock split actions. For investors tracking DFLI common stock and DFLIW warrants, this page aggregates company-issued information on operational performance, capital structure changes, and strategic initiatives in battery technology and energy storage markets.
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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