Strong Preliminary Results for Dragonfly Energy
Dragonfly Energy Holdings Corp. (Nasdaq: DFLI), a pioneer in energy storage solutions, has released its preliminary financial results for the second quarter of 2025. The company, renowned for its innovative battery technology, has projected net sales of $16.2 million, significantly surpassing its initial guidance of $14.8 million.
Significant Growth in Net Sales
The expected results signal a remarkable 23% growth in net sales year-over-year. In addition to sales, Dragonfly Energy anticipates an adjusted EBITDA loss of $(2.2) million, which shows impressive progress as it improved from a $(3.5) million loss forecasted earlier.
CEO's Optimism and Strategic Moves
Dr. Denis Phares, the Chief Executive Officer, expressed optimism regarding the performance. He stated, "We are thrilled with the strong preliminary results showing growth in net sales while significantly reducing adjusted EBITDA losses." This sentiment reflects the company’s commitment to enhancing its operational efficiencies.
Dragonfly Energy has made strategic moves in its capital structure by exchanging shares of common stock for all remaining preferred stock. This maneuver is expected to provide operational flexibility and lay a robust foundation for sustained growth and profitability in the coming periods.
Operational Adjustments and Future Outlook
The preliminary figures are still susceptible to adjustments as Dragonfly Energy finalizes its Quarterly Report on Form 10-Q for the period ended June 30, 2025. Management acknowledges the inherent uncertainties in estimating financial results, advising stakeholders to proceed with caution when interpreting these figures.
Conference Call Details
The Dragonfly Energy management team will host a conference call on August 14, 2025, at 4:30 PM Eastern Time. This event is a platform to discuss the second quarter results further and will be accessible via live webinar. For those wishing to participate via phone, dial in at (646) 564-2877 or toll-free at (800) 549-8228, using conference ID: 61727.
Webcast and Archive Availability
For further engagement, an archive of the call will be available shortly after its conclusion on the Investor Relations section of Dragonfly Energy’s website. Detailed financials and insights shared during the call will provide a comprehensive look at the company's performance.
About Dragonfly Energy
Dragonfly Energy Holdings Corp. (Nasdaq: DFLI) is a leading innovator in lithium battery technology, focusing on the manufacturing of battery cells, assembly, and system integration. As the force behind the reputable Battle Born Batteries brand, Dragonfly Energy has made its mark by deploying hundreds of thousands of battery packs through key OEMs and varied retail channels.
The company is dedicated to leading domestic lithium battery cell production, utilizing its patented dry electrode manufacturing process to provide versatile power solutions. This innovation enables applications spanning from energy storage systems to electric vehicles and consumer electronics. The goal is to spearhead advancements in non-flammable, all-solid-state battery cells.
Investor Relations Contact Information
Eric Prouty and Szymon Serowiecki from AdvisIRy Partners are available for inquiries related to investor relations. You can reach them via email at DragonflyIR@advisiry.com.
Frequently Asked Questions
What are Dragonfly Energy's projected net sales for Q2 2025?
The projected net sales for the second quarter of 2025 are estimated at $16.2 million.
How much has the adjusted EBITDA improved?
Dragonfly Energy anticipates an adjusted EBITDA loss of $(2.2) million, an improvement from $(3.5) million.
What strategic move has the company made regarding its stock?
Dragonfly Energy has exchanged common stock for all remaining preferred stock to enhance operational flexibility.
When is the conference call to discuss Q2 results?
The conference call is scheduled for August 14, 2025, at 4:30 PM Eastern Time.
How can investors access the conference call?
Investors can access the call via live webcast or by phone using the call-in details provided.
