Dragonfly Energy Holdings Corp ( (DFLI) ) has issued an update.
Dragonfly Energy Holdings Corp., known for its Battle Born Batteries, reported a third-quarter 2024 net loss of $6.8 million, improving from $10 million the previous year, despite a drop in net sales to $12.7 million. The company’s strategic initiatives include launching smart battery technology for heavy-duty trucking and completing a methane reduction pilot in the oil & gas sector. As the RV market shows signs of recovery, Dragonfly anticipates net sales between $13.5 and $14 million in Q4. The company remains committed to advancing lithium-ion battery innovation and diversifying its market presence.
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