Dragonfly Energy Holdings Corp

Dragonfly Energy Holdings Corp. is a supplier of deep cycle lithium-ion batteries. The firm's research and development initiatives are revolutionizing the energy storage industry through innovative technologies and manufacturing processes. Its non-toxic deep cycle lithium-ion batteries are displacing lead-acid batteries across a wide range of end-markets, including RVs, marine vessels, off-grid installations, and other storage applications. The firm is also focused on delivering an energy storage solution to enable a more sustainable and reliable smart grid through the future deployment of its proprietary and patented solid-state cell technology. The company is headquartered in Reno, NV.

Earnings data Q3 2022

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Dragonfly reports solid Q1 sales growth, faces challenges in Q2

Dragonfly's Q1 performance reflects solid sales growth and a focus on innovative, nonflammable battery solutions. However, high operating expenses and a projected net loss in Q2 pose financial challenges. The company's partnerships and technological advancements present opportunities for future expansion and differentiation.

Dragonfly Energy reports Q2 revenue decline but sees future opportunities

Dragonfly Energy faced revenue decline and a net loss in Q2 2023, primarily due to changes in customer strategies and increased material costs. However, the company remains optimistic about future opportunities in cell manufacturing and market reach.

Dragonfly Energy faces RV market decline but aims for growth

Dragonfly Energy faces challenges due to the decline in revenue from the RV market but continues to demonstrate strengths in gaining market share, revenue diversification, and milestone achievements in domestic battery cell manufacturing. The company's performance in Q3 2023 reflects a net sales decline and a net loss, but it aims for a return to growth and profitability in 2024 and beyond, presenting potential opportunities for recovery and expansion.

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Dragonfly Energy Holdings Corp. engages in the manufacture and supply of deep cycle lithium-ion batteries. It also focuses on delivering an energy storage solution to enable a more sustainable and reliable smart grid through the future deployment of its proprietary and patented solid-state cell technology. The company is headquartered in Reno, NV.

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Dragonfly Energy (NASDAQ: DFLI ) stock is heading higher on Tuesday alongside its earnings report for the fourth quarter of 2023. In that report, the company posted earnings per share of 5 cents.

Why Is Dragonfly Energy (DFLI) Stock Up 56% Today?

Dragonfly Energy Holdings Corp. (NASDAQ:DFLI ) Q4 2023 Earnings Conference Call April 15, 2024 5:00 PM ET Company Participants Denis Phares - President & CEO John Marchetti - SVP & Former CFO Conference Call Participants George Gianarikas - Canaccord Genuity Brian Dobson - Chardan Capital Markets Chip Moore - ROTH Pavel Molchanov - Raymond James Jeff Grampp - Alliance Global Partners Operator Good afternoon. My name is Jenny, and I will be your operator today for Dragonfly Energy's Fourth Quarter and Full-Year 2023 Earnings Call.

Dragonfly Energy Holdings Corp. (DFLI) Q4 2023 Earnings Call Transcript

Successful diversification of revenue underway, with launch in Q4 2023 of all-electric auxiliary power units (“APU”) to the trucking industry; Enables compliance with increasing anti-idling regulations, reduction in fuel costs, increased uptime and payloads, and the reduction of harmful emissions In Q4 2023, achieved successful deposition of cathode electrodes, and double-sided dry deposition of both anode and cathode electrodes, at scale, using the Company's patented dry electrode battery manufacturing process Continued expansion of recreational vehicle market share, with OGV Luxury Coach, a division of Forest River Inc., to provide Battle Born lithium batteries as standard equipment on all OGV units RENO, Nev., April 15, 2024 (GLOBE NEWSWIRE) -- Dragonfly Energy Holdings Corp. (“Dragonfly Energy” or the “Company”) (Nasdaq: DFLI), maker of Battle Born Batteries® and an industry leader in energy storage, today reported its financial and operational results for the fourth quarter and full year ended December 31, 2023.

Dragonfly Energy Reports Fourth Quarter 2023 and Full Year Financial Results

Cost & Sustainability Assessment demonstrates Dragonfly Energy's battery manufacturing process more cost-effective and sustainable vs li-ion alternatives.

Dragonfly Energy's Domestic Battery Manufacturing Validated for Cost Effectiveness and Sustainability

RENO, Nev., April 09, 2024 (GLOBE NEWSWIRE) -- Dragonfly Energy Holdings Corp. (“Dragonfly Energy” or the “Company”) (Nasdaq: DFLI), maker of Battle Born Batteries® and an industry leader in energy storage, today announced that the Company will release its financial results for the fourth quarter and year ended December 31, 2023 after market close on Monday, April 15, 2024. The earnings press release will be followed by a conference call on April 15, 2024 at 5:00 PM Eastern Time, hosted by members of the Dragonfly Energy management team.

Dragonfly Energy to Report Fourth Quarter and Year End 2023 Financial and Operational Results on April 15, 2024

NEW ORLEANS, March 04, 2024 (GLOBE NEWSWIRE) -- Velociti Inc., a global provider of technology deployment, maintenance and integration solutions, and Dragonfly Energy Holdings Corp. (Nasdaq: DFLI) (“Dragonfly Energy” or the “Company”), maker of Battle Born Batteries® and an industry leader in energy storage, today announced at American Trucking Associations Technology Maintenance Council's Annual Meeting & Transportation Technology Exhibition, a partnership to provide Dragonfly Energy customers with access to the Velociti Instant ROI (Return on Investment) and VeloCare programs. Successfully used by fleets for a variety of technologies and solutions, the Instant ROI program allows fleets to advance the use of their savings to pay for the technology, installation, and support services for the life of the solution.

Velociti and Dragonfly Energy Deliver an Immediate Return on Investment with Lithium Power Systems

Dragonfly Energy Battle Born Batteries now standard equipment on all new OGV Luxury Coach units; third Forest River brand to include as standard or OEM.

Dragonfly Energy Expands Market Share with RV Giant Forest River

RENO, NV / ACCESSWIRE / December 28, 2023 / If you've ever been driving across the country, you may have come across some remote industrial applications like a grey box with a panel on the side of a freeway. These remote industrial applications are often crucial to safety as they can be instrumental for street lights, remote charging applications or phones for emergencies.

Dragonfly Energy Is Expanding Into Remote Industrial Applications With Its Patented And Trusted Products

Dragonfly Energy partners with Connexa, supplying lithium batteries to power Connexa's industrial solar power systems This relationship signifies another significant opportunity for Dragonfly Energy to expand into the industrial solar industry market RENO, Nev., Dec. 18, 2023 (GLOBE NEWSWIRE) -- Dragonfly Energy Holdings Corp. (“Dragonfly Energy” or the “Company”) (Nasdaq: DFLI), maker of Battle Born Batteries™ and an industry leader in energy storage, is now supplying lithium batteries to Connexa Energy Company (“Connexa”), a manufacturer and distributor of remote and industrial solar energy products.

Dragonfly Energy Partners with Connexa, Fueling Industrial Solar Power System Applications

Dragonfly Energy to supply batteries to be included in industrial solar applications by Ameresco, Inc. that will be available as part of the build-in Ameresco stationary energy storage applications across various industries including industrial, security, surveillance, traffic, telecom, oil & gas, utilities, agriculture, and more. RENO, Nev.

Dragonfly Energy Partners with Ameresco Inc. to Boost Renewable Energy and Power System Applications

RENO, NV / ACCESSWIRE / December 5, 2023 / In recent years, there has been a concerning and increasing number of lithium-ion battery fires, posing a significant threat to communities. In November , a tragic incident occurred in Brooklyn, where members of three generations of a family lost their lives in a blaze caused by a lithium-ion battery used to power an electric scooter.

Amid Recent News About Lithium-Ion Battery Fires, Is There A Need For More Stringent Product Testing In The Industry? One Company May Have Answers

Dragonfly Energy Holdings Corp. (NASDAQ:DFLI ) Q3 2023 Results Conference Call November 13, 2023 5:00 PM ET Company Participants Denis Phares - CEO John Marchetti - CFO Conference Call Participants George Gianarikas - Canaccord Genuity Vincent Anderson - Stifel Brian Dobson - Chardan Jeff Grampp - Alliance Global Partners Operator Good afternoon. My name is Lester, and I will be your operator today for Dragonfly Energy's Third Quarter Earnings Call.

Dragonfly Energy Holdings Corp. (DFLI) Q3 2023 Earnings Call Transcript

Dragonfly Energy reports 3Q results. Executing on plan, expanding revenue opportunities, and bringing new products to market & enabling new applications.

Dragonfly Energy Reports Third Quarter 2023 Financial and Operational Results

RENO, NV / ACCESSWIRE / November 2, 2023 / The need for domestic cell manufacturing is becoming increasingly important for American production to be more feasible and cost-effective. Domestic lithium-ion production holds significant importance for national security and industry advancement.

Dragonfly Energy Is On Its Way To Producing Fully American-Made Lithium Batteries, Reducing Reliance On Overseas Manufacturers

Coachmen RV is adding a high-powered upgrade option to its 2024 Entourage model with the inclusion of the “Gamechanger 3.0” lithium-ion Battle Born Batteries TM , a product of Dragonfly Energy The partnership between Dragonfly Energy and Coachmen RV represents Coachmen RV's inaugural lithium battery offering RENO, Nev., Oct. 19, 2023 (GLOBE NEWSWIRE) -- Dragonfly Energy Holdings Corp. (Nasdaq: DFLI) (“Dragonfly Energy” or the “Company”), an industry leader in lithium batteries and energy storage, is proud to announce that Coachmen RV, a division of Forest River, Inc. (“Coachmen RV”), will provide buyers of its 2024 Entourage Class C Motorhome the opportunity to add Battle Born Batteries' Gamechanger 3.0 (“GC3H”) sustainable, high-performance energy batteries as an optional upgrade.

Dragonfly Energy to Provide Lithium Power Upgrade to Coachmen RV's Entourage Class C Motorhome

RENO, Nev., Oct. 17, 2023 (GLOBE NEWSWIRE) -- Dragonfly Energy Holdings Corp. (“Dragonfly Energy” or the “Company”) (Nasdaq: DFLI), an industry leader in energy storage and producer of deep cycle lithium-ion storage batteries, today announced that the Company will release its financial results for the third quarter ended September 30, 2023 after market close on Monday, November 13, 2023. The earnings press release will be followed by a conference call on November 13, 2023, hosted by members of the Dragonfly Energy management team at 5:00 PM Eastern Time.

Dragonfly Energy to Report Third Quarter 2023 Earnings on November 13, 2023

RENO, NV / ACCESSWIRE / October 16, 2023 / The trucking industry has long been a major contributor to carbon emissions and air pollution, with the vast majority of trucks still running on diesel fuel. According to the EPA, heavy-duty trucks account for only 4% of registered vehicles, yet they emit about 23% of the transportation sector's greenhouse gases.

Long-Haul Trucks Are Getting An Electric Upgrade With Dragonfly Energy's (NASDAQ:DFLI) Latest Initiative

Dragonfly Energy announces new auxiliary storage solutions for heavy-duty trucks with Battle Born All-Electric APU, reducing emissions and fuel costs.

Dragonfly Energy Enters the Heavy-Duty Trucking Market with New All-Electric APU to Reduce Fuel Costs and Emissions

Dragonfly Energy has successfully dry deposited LiFePO4 cathode electrodes at scale using the Company's patented battery manufacturing processes This achievement marks the last major technological hurdle in the Company's dry electrode battery cell manufacturing process and is expected to enable Dragonfly Energy to begin producing lithium battery cells in the U.S. by the end of 2023 Completion of Dragonfly Energy's previously announced pilot line, combined with the success of its double-sided dry deposition of both anode and cathode electrodes at scale, positions the Company to achieve delivery of lithium battery cells, across a variety of lithium chemistries, as samples to potential customers by year end These patented dry deposition processes eliminate the use of toxic solvents, drive cost efficiencies, and represent a significant step in the development of Dragonfly Energy's non-flammable storage cells RENO, Nev., Oct. 05, 2023 (GLOBE NEWSWIRE) -- Dragonfly Energy Holdings Corp. (Nasdaq: DFLI) (“Dragonfly Energy” or the “Company”), maker of Battle Born Batteries TM and an industry leader in energy storage, today announced the successful deposition of cathode electrodes, and double-sided dry deposition of both anode and cathode electrodes, both at scale, using the Company's patented dry electrode battery manufacturing process.

Dragonfly Energy Achieves Key Milestone with Successful Cathode Electrode Dry Deposition at Scale for American Lithium Batteries

RENO, Nev., Oct. 03, 2023 (GLOBE NEWSWIRE) -- Dragonfly Energy Holdings Corp. (Nasdaq: DFLI) (“Dragonfly Energy” or the “Company”), a Nevada-based leader in lithium-ion battery technology, today announced that Nevada Governor Joe Lombardo, U.S. and Canadian officials, representatives from Dragonfly Energy, and other select Nevada business leaders recently visited Montreal and Toronto during a Nevada Trade Mission to Canada focused on mining, technology, and green energy storage from September 26-28, 2023.

Dragonfly Energy Represents Battery Manufacturing Industry during Nevada Trade Mission to Canada

RENO, NV / ACCESSWIRE / September 29, 2023 / The development of a strong battery sector in the United States is crucial for the country to become more energy-independent, especially as renewable energy production continues to ramp up across various sectors. Nevada's abundant lithium resources, particularly in the Clayton Valley area, make it a prime candidate for bolstering the domestic battery industry.

News for Dragonfly Energy Holdings Corp Stock (DFLI)