Dragonfly Energy Holdings Corp ( (DFLI) ) has released its Q1 earnings. Here is a breakdown of the information Dragonfly Energy Holdings Corp presented to its investors.
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Dragonfly Energy Holdings Corp. is a leading company in the energy storage and battery technology sector, known for its innovative lithium battery solutions and proprietary manufacturing processes. In its first quarter of 2025, Dragonfly Energy reported net sales of $13.4 million, marking a 6.8% increase from the previous year, with OEM net sales contributing significantly to this growth. The company also improved its gross margin by 500 basis points to 29.4%, although it faced a net loss of $6.8 million, which was an improvement from the previous year’s loss. The company’s strategic focus on product development and operational efficiencies has led to the launch of new solutions like the Battle Born DualFlow Power Pack, aimed at the trucking industry. Looking ahead, Dragonfly Energy anticipates continued growth with projected net sales of $14.8 million for the second quarter of 2025, driven by its expanding U.S.-based production capabilities and strategic initiatives in product innovation and cost management.