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 Energy Holdings Corp reports revenue growth and strategic partnerships

DFLI's Q1 2023 performance reflects revenue growth driven by OEM sales, despite a decrease in gross profit.
The company's focus on innovation, diversification, and strategic partnerships positions it well for future growth and market expansion.
While facing challenges in managing margins and projected net losses, DFLI has opportunities to capitalize on new market segments and technological advancements.

Dragonfly Energy reports Q2 challenges, eyes transportation market growth

Dragonfly Energy Holdings Corp faced revenue challenges in Q2 2023 due to customer shifts and lower volumes, leading to a revised outlook for 2023.
Despite losses, the company is optimistic about growth opportunities in transportation markets and the potential for revenue improvement through operational advancements.
Strategic moves towards cell manufacturing and innovation in core markets position Dragonfly Energy for future growth and market expansion.

Dragonfly Energy Holdings Corp reports Q3 challenges and growth opportunities

Dragonfly Energy Holdings Corp navigated challenges in Q3 2023 with a focus on diversification and innovation. Despite a decrease in net sales and a net loss, the company improved gross margin and maintained flat operating expenses. Looking ahead, opportunities in new technologies and market expansion position DFLI for growth and profitability in 2024.

Dragonfly Energy reports mixed Q4 results, eyes growth in 2024

Dragonfly Energy Holdings Corp navigated a challenging 2023 marked by market headwinds but showed resilience and innovation in product development and market expansion. Despite financial setbacks in Q4, the company demonstrated improved EBITDA and strategic initiatives poised for future growth. With a focus on sustainability and technological advancements, Dragonfly is well-positioned to capitalize on emerging opportunities in the battery market.

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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 Holdings Corp. DFLI, -8.00% stock is up 9.9% in premarket trade on Thursday after the Reno, Nev., company said it received formal notice of allowance for a new U.S. patent for the design of its GC3 12V 270Ah LiFePO4 deep-cycle battery pack.

Dragonfly stock rises after company announces patent approval for battery design

RENO, Nev., July 13, 2023 (GLOBE NEWSWIRE) -- Dragonfly Energy Holdings Corp. (Nasdaq: DFLI) (“Dragonfly Energy” or the “Company”), maker of Battle Born Batteries and an industry leader in energy storage and producer of deep cycle lithium-ion storage batteries, announced today it will be awarded a new U.S. patent based on a notice of allowance from the United States Patent and Trademark Office (USPTO) for U.S. Patent Application No. 29/858,079 covering the overall look and design of the assembly case of the Company's GC3 12V 270Ah LiFePO4 deep cycle battery. The Company believes the design of the GC3 battery pack provides for more flexible solutions and increased energy density compared to traditional lead acid and lithium battery form factors.

Dragonfly Energy to be Granted U.S. Patent for Innovative Battery Pack Assembly Design Tailored for Custom Installs

Dragonfly Energy (NASDAQ: DFLI ) stock is flying higher on Tuesday after the company announced an expanded partnership with nuCamp. According to a press release, Dragonfly Energy's Battle Born Batteries will come as standard equipment in all of nuCamp's RV travel trailer and truck camper products starting with the 2024 model year.

Why Is Dragonfly Energy (DFLI) Stock Up 11% Today?

RENO, Nev., July 11, 2023 (GLOBE NEWSWIRE) -- 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 that the Company's lithium-ion batteries will be standard equipment in all nuCamp RV (“nuCamp”) travel trailer and truck camper products beginning in the 2024 model year. Battle Born Batteries have previously been offered as an upgrade option for nuCamp customers since 2022, and this agreement expands that partnership to fully integrated power systems supplied by Battle Born Batteries including lithium-ion batteries, inverters and additional necessary components.

Dragonfly Energy Partners with World's Largest Teardrop Manufacturer to Provide Full Lithium Power Systems

RENO, NV / ACCESSWIRE / July 6, 2023 / The past few years have demonstrated that the United States's dependence on imported batteries has made the country vulnerable to supply chain disruptions and price fluctuations. This can have serious implications for industries that rely on batteries, such as electric vehicles and renewable energy, making it increasingly clear that it is essential for the U.S. to develop strong domestic suppliers of batteries and energy storage solutions.

Dragonfly Energy (NASDAQ: DFLI) Has Been Granted A U.S. Patent For Its Nonflammable LiFePO4 Storage Batteries

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RENO, Nev., June 29, 2023 (GLOBE NEWSWIRE) -- 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 that the Company's Battle Born Batteries brand of lithium-ion batteries will be standard equipment on two ATC models; the Plā 700 – Travel Trailer Toy Hauler and the Plā 700 – Fifth Wheel Toy Hauler starting with 2024 select models as early as July 2023, and as an optional upgrade for the Plā 350 – Ultra Lite Travel Trailer Toy Hauler. Founded in 1999, ATC's philosophy of “Designed and Built for Life” guides the company's efforts to produce products that bring travel solutions and adventure together.

Dragonfly Energy's Battle Born Batteries Standard on Select ATC RV Models Beginning July 2023

RENO, NV / ACCESSWIRE / June 27, 2023 / The Russell 3000 Index® is a must-know for any seasoned trader. Launched in 1984, this capitalization-weighted stock market index is widely recognized as a reputable benchmark of the entire U.S. stock market.

Dragonfly Energy (NASDAQ:DFLI) is Being Added to the Russell 3000 Index, the Index Measuring the Performance of America's Largest 3,000 Companies

RENO, Nev., June 26, 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 it has joined the Russell 2000® Index.

Dragonfly Energy Joins the Russell 2000® Index

RENO, Nev., June 22, 2023 (GLOBE NEWSWIRE) -- Dragonfly Energy Holdings Corp. (Nasdaq: DFLI) (“Dragonfly Energy” or the “Company”), an industry leader in energy storage and producer of deep cycle lithium-ion storage batteries, today announced the closing of its previously announced underwritten public offering of 10,000,000 shares of common stock and investor warrants to purchase up to an aggregate of 10,000,000 shares of common stock at a public offering price of $2.00 per share of common stock and accompanying warrant. The Company also simultaneously closed on the sale of an additional 1,405,000 shares of common stock and investor warrants to purchase up to an aggregate of 1,405,000 shares of common stock, which were sold pursuant to the partial exercise of the underwriters' over-allotment option at the public offering price per security, less the underwriting discounts and commission.

Dragonfly Energy Announces Closing of $20.0 Million Underwritten Public Offering and Partial Exercise of Over-Allotment Option

RENO, NV / ACCESSWIRE / June 22, 2023 / The current landscape of the energy storage sector is in many ways antiquated, despite the growing demand for renewable energy sources that has emerged as a key theme in the sector. One of the biggest challenges facing the industry is the lack of sufficient energy storage technologies that can efficiently store and distribute renewable energy.

Reliable and Efficient Lithium-Ion Batteries Are Becoming Increasingly Important - Dragonfly Energy (NASDAQ: DFLI) Is Improving On Them To Develop The Very Best

RENO, Nevada, June 21, 2023 (GLOBE NEWSWIRE) -- 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 a new Certified Dealer Program aimed at providing the Company's customer base with trusted dealers and installers vetted by the brand's internal technical team for top-tier installation and service of deep cycle lithium-ion batteries. The program is designed to continue to strengthen the customer experience and product line of Battle Born Batteries.

Dragonfly Energy Launches Certified Dealer Program for its Battle Born Batteries Product Line

Dragonfly Energy (NASDAQ: DFLI ) stock is climbing after the company announced it would be granted a U.S. patent for the “preparation and powder film deposition of pre-coated powders.” Dragonfly views this patent as a significant step in bringing its nonflammable LiFePO4 storage batteries to market.

DFLI Stock Alert: Huge Patent News Sends Dragonfly Energy Soaring

RENO, Nev., June 15, 2023 (GLOBE NEWSWIRE) -- Dragonfly Energy Holdings Corp. (Nasdaq: DFLI) (“Dragonfly Energy” or the “Company”), an industry leader in energy storage and producer of deep cycle lithium-ion storage batteries, is to be awarded a new US patent based on allowed US Patent Application No. 16/329/914 by the United States Patent and Trademark Office (USPTO). The patent is for the “preparation and powder film deposition of pre-coated powders” and specifically addresses the feedstock material portion of the process in the production of conventional Li-ion ion batteries and nonflammable solid-state lithium batteries, paving the way for Dragonfly Energy to bring nonflammable LiFePO4 storage batteries to market.

Dragonfly Energy to be Granted U.S. Patent in Continued Momentum Toward Domestic Non-Flammable Lithium Battery Production

RENO, NV / ACCESSWIRE / June 13, 2023 / As the clean energy sector expands and countries push for environmental regulations, batteries are becoming more and more crucial. Lithium-ion batteries are highly relevant for many modern electronic devices.

EV Popularity Is On The Rise, But What About Specialty Vehicles? Dragonfly Energy (NASDAQ:DFLI) Is Electrifying RVs And More

RENO, Nev., June 12, 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 it is set to join the broad-market Russell 3000® Index at the conclusion of the 2023 Russell indexes annual reconstitution, effective after the US market opens on June 26, 2023, according to a preliminary list of additions posted by FTSE Russell.

Dragonfly Energy Set to Join Russell 3000® Index

RENO, NV / ACCESSWIRE / June 8, 2023 / The federal U.S. government has been making significant pushes toward clean energy and electric vehicles, with President Biden setting ambitious goals for electrification. The Biden administration has announced several initiatives to support the adoption of electric vehicles, including the Electric Vehicle Charging Action Plan, which aims to deploy 500,000 new electric vehicle charging stations nationwide by 2030.

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RENO, NV / ACCESSWIRE / June 1, 2023 / Concerns about an upcoming recession are continuing to not just grow but mutate. As a consequence of simultaneous central bank interest rate hikes and ongoing economic instability, the World Bank warned of the risk of a recession in 2023.

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RENO, Nev., May 24, 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, has partnered with Triple E Recreational Vehicles (“Triple E RV”) to include Dragonfly Energy's lithium-ion batteries as standard equipment on all Leisure Travel Vans, a brand of Triple E RV, starting with the 2024 model year.

Dragonfly Energy Lithium Batteries to be Installed on all New Leisure Travel Vans

RENO, Nev., May 15, 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 reported its financial and operational results for the first quarter of 2023 ended March 31, 2023. First Quarter 2023 Financial Highlights Net Sales of $18.8 million increased 2.7% from $18.3 million in Q1 2022 Gross Profit of $4.7 million decreased $0.8 million from $5.5 million in Q1 2022 Operating expenses of $(14.6) million were higher compared to $(7.1) million in Q1 2022 Net Income of $4.9 million, compared to a Net Loss of $(2.3) million in Q1 2022 Diluted Earnings Per Share of $0.10 compared to $(0.06) in Q1 2022 EBITDA of $9.0 million, compared to $(1.4) million in Q1 2022 Operational and Business Highlights Announced the launch of Dragonfly IntelLigence™ providing reliable communication capabilities via unique mesh network, enabling accurate remote monitoring for entire lithium battery banks via the Dragonfly Energy Mobile App Announced partnership with Airstream, which will provide Battle Born batteries as standard equipment across multiple models Announced a Commercial Offtake Agreement with Ioneer Ltd.

Dragonfly Energy Reports First Quarter 2023 Financial Results

ioneer Ltd

(Kitco News) - Ioneer (ASX:INR) and Dragonfly Energy Holdings (NASDAQ: DFLI) announced yesterday a commercial offtake agreement partnership.

Ioneer signs offtake with Dragonfly

The agreement moves Dragonfly Energy closer to achieving the Company's mission of establishing a vertically integrated lithium battery cycle, from mining to production to recycling Nevada Gov. Joe Lombardo states the importance of partnerships like those between Dragonfly Energy and Ioneer are vital to strengthening and diversifying Nevada economy Agreement advances Nevada production and manufacturing of critical minerals and accelerates domestic electrification pipeline for Lithium battery components RENO, Nev.

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