Dragonfly Energy Holdings Corp ( (DFLI) ) has released its Q4 earnings. Here is a breakdown of the information Dragonfly Energy Holdings Corp presented to its investors.
Dragonfly Energy Holdings Corp. is a leading company in the energy storage and battery technology sector, specializing in lithium battery technology and manufacturing. The company is known for its innovative solutions and has a significant presence in the OEM and consumer markets.
Dragonfly Energy reported a 17% increase in fourth-quarter revenue, driven by significant growth in OEM sales. The company also announced a successful debt restructuring and capital raise, which have strengthened its financial position. Additionally, a corporate optimization program has been initiated to enhance operational efficiency.
Key financial highlights include fourth-quarter net sales of $12.2 million and a full-year total of $50.6 million. OEM sales saw a substantial increase, while direct-to-consumer sales faced challenges due to macroeconomic pressures. Despite a net loss of $9.8 million for the quarter, the company is focused on strategic initiatives to drive future growth.
Looking ahead, Dragonfly Energy aims to achieve positive adjusted EBITDA by the fourth quarter of 2025. The company is optimistic about its growth prospects, supported by new partnerships and a diversified customer base, and expects to see continued revenue growth in the coming quarters.