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Dragonfly Energy Holdings Corp
(NASDAQ:DFLI)
Dragonfly Energy Holdings Corp (DFLI) vs. SPDR S&P 500 ETF (SPY)
Dragonfly Energy Holdings Corp Business Overview & Revenue Model
Dragonfly Energy Holdings Corp Earnings Call Summary
Dragonfly Energy Holdings Corp Financial Statement Overview
| Breakdown | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 50.65M | 64.39M | 86.25M | 78.00M | 47.19M |
| Gross Profit | 11.63M | 15.45M | 24.00M | 29.63M | 20.61M |
| EBITDA | -15.51M | 3.41M | -32.83M | 7.08M | 8.94M |
| Net Income | -40.62M | -13.82M | -39.99M | 4.34M | 6.88M |
Balance Sheet | |||||
| Total Assets | 75.21M | 75.20M | 89.11M | 76.25M | 18.81M |
| Cash, Cash Equivalents and Short-Term Investments | 4.85M | 12.71M | 17.78M | 25.59M | 6.21M |
| Total Debt | 55.27M | 23.31M | 24.02M | 44.70M | 983.00K |
| Total Liabilities | 84.62M | 47.29M | 78.36M | 60.19M | 10.25M |
| Stockholders Equity | -9.40M | 27.91M | 10.74M | 16.06M | 8.55M |
Cash Flow | |||||
| Free Cash Flow | -9.92M | -24.59M | -52.56M | -16.54M | 5.23M |
| Operating Cash Flow | -7.18M | -17.71M | -45.70M | -13.57M | 6.64M |
| Investing Cash Flow | -2.73M | -6.88M | -6.83M | -2.91M | -1.41M |
| Financing Cash Flow | 2.05M | 19.52M | 41.67M | 38.91M | 12.00K |
Dragonfly Energy Holdings Corp Technical Analysis
Dragonfly Energy Holdings Corp Risk Analysis
Dragonfly Energy Holdings Corp Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
63 Neutral | $10.71B | 16.25 | 6.57% | 2.09% | 2.65% | -16.21% | |
56 Neutral | $6.43M | ― | -504.67% | ― | 68.33% | 78.66% | |
47 Neutral | $4.95M | ― | -49.34% | ― | 0.13% | 45.00% | |
45 Neutral | $19.07M | ― | -3420.59% | ― | 4.80% | 16.72% | |
45 Neutral | $30.98M | ― | -1582.76% | ― | -1.45% | -15.76% | |
45 Neutral | $24.69M | ― | -207.48% | ― | -16.98% | 2.43% | |
26 Underperform | $34.38M | ― | -860.70% | ― | ― | 25.87% |
Dragonfly Energy Holdings Corp Corporate Events
Dragonfly Energy Holdings Corp reported a strong second quarter for 2025, with net sales increasing by 23% to $16.2 million, driven by a 51% growth in OEM sales. The company improved its financial position through a preferred stock exchange and public offering, and anticipates continued growth with projected third-quarter net sales of $15.9 million, despite economic uncertainties.
On July 30, 2025, Dragonfly Energy Holdings Corp. announced an underwritten public offering of 21,980,000 shares of its common stock at $0.25 per share, expected to raise approximately $4.9 million. The offering, managed by Canaccord Genuity LLC, is set to close on July 31, 2025, and aims to provide funds for working capital and general corporate purposes, including debt repayment. The company has agreed to certain restrictions on issuing and selling its common stock for 90 days following the agreement. This move is part of Dragonfly Energy’s strategy to strengthen its financial position and support its operations in the competitive energy storage and battery technology market.
Dragonfly Energy Holdings Corp. announced that its preliminary second quarter 2025 results exceeded expectations, with net sales reaching $16.2 million and an adjusted EBITDA loss of $2.2 million. This represents a 23% year-over-year growth in net sales and a significant reduction in EBITDA loss, indicating strong operational performance and enhanced financial flexibility following the exchange of common stock for preferred stock.
On July 21, 2025, Dragonfly Energy Holdings Corp. announced a strategic move to eliminate all outstanding shares of its Series A Convertible Preferred Stock by issuing 2,100,000 shares of common stock in exchange. This settlement enhances the company’s financial flexibility by removing common stock issuance and dividend obligations, allowing Dragonfly Energy to focus resources on growth and profitability, thereby improving its capital structure and reducing potential future dilution concerns.
On July 2, 2025, Dragonfly Energy Holdings Corp. received a notice from Nasdaq granting them an exception until November 10, 2025, to regain compliance with the $1.00 minimum bid price and a minimum market value of $35 million for continued listing. The company must achieve certain milestones, including converting preferred stock to common stock by July 18, 2025, and restructuring or converting a portion of its debt by mid-August 2025. Failure to meet these milestones or regain compliance by the deadline will result in delisting from Nasdaq.
On June 27, 2025, Dragonfly Energy Holdings Corp. announced that it had 36,488,398 shares of common stock issued and outstanding as of June 26, 2025. This disclosure reflects the company’s compliance with the Securities Exchange Act of 1934, as the report was signed by Denis Phares, the Chief Executive Officer, Interim Chief Financial Officer, and President.
On June 23, 2025, Dragonfly Energy Holdings Corp. and the holder of its Series A Convertible Preferred Stock agreed to cancel the holder’s warrants to purchase up to 4,000 shares of Series A Preferred Stock at an exercise price of $10,000 per share. This cancellation means the warrants are no longer outstanding, potentially impacting the company’s financial structure and investor relations.
On June 11, 2025, Dragonfly Energy Holdings Corp. received a staff determination letter from Nasdaq indicating non-compliance with the minimum Market Value of Listed Securities requirement, which could lead to delisting. The company has requested a hearing with the Nasdaq Hearings Panel to address this issue, as it also does not meet alternative listing standards related to stockholders’ equity or net income.
On May 30, 2025, Rick Parod resigned from the Board of Directors of Dragonfly Energy Holdings Corp., effective May 31, 2025. His resignation was not due to any disagreement with the company or its management, and the Board has yet to decide on filling the vacancy.