Significant Revenue Growth
Dragonfly Energy Holdings Corp. achieved a 26% year-over-year increase in sales, reaching $16 million, with a 44% increase in OEM net sales.
Gross Margin Improvement
The company expanded its gross margin by 710 basis points to 29.7%, driven by operational improvements and a positive product mix.
Debt Restructuring and Capital Raising
The company raised approximately $90 million in gross proceeds and restructured its term debt, reducing total debt principal to $19 million and improving liquidity.
Strategic OEM Partnerships
Expanded OEM footprint with partnerships with Airstream, Awaken RV, and Ember RV, underscoring the company's position in the RV market.
Advancements in Technology
Expanded intellectual property portfolio with two new U.S. patents and received a $300,000 grant from the Nevada Tech Hub for manufacturing upgrades.