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Overview
Dragonfly Energy Holdings Corp (Nasdaq: DFLI) is a comprehensive lithium battery technology company that is redefining energy storage through the production of non-toxic deep cycle lithium-ion batteries designed to replace traditional lead-acid systems. Emphasizing advanced lithium-ion technology and energy storage solutions, the company leverages innovative battery chemistries that not only offer enhanced performance but also contribute to a cleaner environment. Its operations target a wide array of applications including recreational vehicles, marine vessels, solar energy, and off-grid storage systems, making it a versatile player in the energy storage industry.
Products and Technology Innovation
At the core of Dragonfly Energy’s operations is its dedication to integrating cell manufacturing, battery pack assembly, and system integration. The renowned Battle Born Batteries brand exemplifies the company’s commitment to quality and reliability. Utilizing cutting-edge lithium iron phosphate (LFP) technology, its batteries offer significant advantages over legacy lead-acid systems by being non-toxic and avoiding the use of scarce or controversial metals. Their patented dry electrode manufacturing process further enables a chemistry-agnostic approach, laying the groundwork for future innovations such as nonflammable, all-solid-state battery cells.
Manufacturing Excellence and Quality Control
The company’s vertically integrated manufacturing model ensures that every component—from battery cell production to complete system assembly—is subject to rigorous quality control and innovation. This meticulous approach guarantees that the batteries perform reliably even under demanding conditions across multiple applications. Advanced techniques and state-of-the-art processes are employed to maximize efficiency and ensure that each battery delivers optimal performance, enhanced safety, and high energy density.
Environmental and Economic Advantages
One of the key strengths of Dragonfly Energy is its focus on sustainability. By prioritizing non-toxic LFP chemistry, the company provides a compelling alternative to traditional lead-acid batteries, thereby reducing environmental impact and promoting safer energy storage solutions. This steadfast commitment to environmentally friendly practices also appeals to consumers and industries looking for cost-effective and sustainable energy solutions. The product’s lifecycle is optimized for durability and performance while minimizing environmental risks.
Market Position and Competitive Landscape
Dragonfly Energy sits at a pivotal junction in the energy storage market, offering products that cater to a diverse customer base including top-tier OEMs and retail consumers. Its integrated approach to design, production, and assembly positions it strongly against competitors that rely on outdated technologies. The company’s innovation in manufacturing and its ability to adapt to various market needs provide it with a distinctive competitive edge in an industry that is continuously evolving. By balancing advanced technology with sustainability, Dragonfly Energy maintains its reputation as a reliable and forward-thinking battery solution provider.
Integrated Operations and Supply Chain Strength
Beyond simple battery production, Dragonfly Energy excels in creating comprehensive energy storage systems. Its operations cover the full spectrum from cell production to final integration, ensuring that each element of the supply chain meets stringent performance standards. This level of integration not only optimizes production efficiency but also strengthens the company’s overall market resilience by streamlining processes and reducing dependency on external components.
Key Differentiators
- Innovative Manufacturing Process: The patented dry electrode process supports a versatile, chemistry-agnostic production model, setting new benchmarks in battery technology.
- Sustainable Design: With non-toxic LFP batteries, the company offers environmentally friendly alternatives that minimize reliance on harmful or scarce resources.
- Vertical Integration: The integrated model covering cell production, assembly, and system integration ensures consistent quality and operational efficiency.
- Versatile Applications: Products are engineered for a broad range of applications from renewable energy systems to electric vehicles and consumer electronics.
Overall, Dragonfly Energy Holdings Corp delivers a robust portfolio of high-performance, sustainable, and versatile energy storage solutions. The company’s commitment to technological advancement, coupled with its focus on environmental sustainability and integrated operations, positions it as a significant entity within the advanced battery manufacturing sector.
Dragonfly Energy (Nasdaq: DFLI) has expanded the availability of its Battle Born® Mobile App to Android users through the Google Play Store. The app, which works with batteries featuring Dragonfly IntelLigence® smart battery technology, enables wireless monitoring and management of Battle Born® smart battery systems.
The mobile application provides users with real-time data, system alerts, historical performance insights, and diagnostic capabilities. It supports monitoring of both individual batteries and entire battery banks across various setup sizes, including RVs, off-grid homes, and marine vessels. The app features an intuitive interface and is now accessible on both Android and iOS platforms through their respective app stores.
Dragonfly Energy (Nasdaq: DFLI) has been awarded the 'Battery Technology Company of the Year' at the 2025 CleanTech Breakthrough Awards, selected from thousands of nominations across 14 countries. The company was recognized for two major innovations:
1. Their patented dry electrode manufacturing process for lithium batteries, which eliminates toxic solvents and energy-intensive drying ovens, enabling sustainable and scalable battery production. The process produces PFAS-free battery cells and is compatible with high-purity recycled materials.
2. The Dragonfly IntelLigence® technology, which offers advanced battery communication through a hardwired mesh network, enabling real-time remote monitoring and smart energy management via their mobile app.
This recognition validates Dragonfly Energy's commitment to sustainable innovation and technological advancement in energy storage solutions, serving industries from RV manufacturing to commercial fleet operations.
Dragonfly Energy (DFLI) reported Q4 2024 financial results with net sales of $12.2 million, up 17% year-over-year, driven by 61% growth in OEM sales to $6.2 million. Full-year 2024 revenue was $50.6 million with a gross margin of 23.0%.
The company posted a Q4 net loss of $(9.8) million and Adjusted EBITDA of $(2.0) million. For the full year, net loss widened to $(40.6) million with Adjusted EBITDA of $(18.5) million.
Key developments include a successful debt restructuring and additional capital raise through a strategic investor. The company has launched a corporate optimization program and promoted Dr. Vick Singh to COO. Despite RV market challenges, increased OEM adoption and new partnerships in trucking and industrial markets show promise.
Looking ahead, Dragonfly guides Q1 2025 net sales of approximately $13.3 million and targets positive Adjusted EBITDA by Q4 2025.
Dragonfly Energy (Nasdaq: DFLI), a leader in energy storage and battery technology, has scheduled its Q4 and Full Year 2024 financial results release for March 24, 2025, after market close. The announcement will be followed by a conference call at 4:30 PM Eastern Time.
Investors can access the live webcast through the company's Investor Relations website or join via telephone by dialing (800) 549-8228 (North America, toll-free) or +1 (289) 819-1520 (International) with conference ID: 85219. Participants are advised to join 10 minutes before the event starts. An archive of the webcast and earnings release will be available on the company's website afterward.
Dragonfly Energy (Nasdaq: DFLI) has launched the Battle Born® DualFlow Power Pack, a lithium power solution for long-haul trucking unveiled at TMC's 2025 Annual Meeting. This innovative system eliminates idle time and reduces starter battery strain by providing dedicated power for hotel loads in trucks.
The DualFlow Power Pack features LiFePO₄ battery technology and installs under the bunk in under an hour without modifications. It recharges while driving using Wakespeed® Charge Control Technology. Key benefits include:
- Eliminates idling during mandatory rest periods, saving approximately 4 gallons of fuel daily
- Extends starter battery life by reducing deep discharges
- Universal compatibility with most sleeper cab models
- 10-year warranty coverage
The system is particularly suited for fleets without auxiliary air conditioners and offers a return on investment in under a year. Major fleets have already begun implementing the DualFlow Power Pack in their operations.
Dragonfly Energy (DFLI) has announced a significant financial restructuring, including a debt amendment and capital raise to enhance liquidity. The company completed an amendment to its existing debt facility, securing key terms including: covenant waivers through June 30, 2026, debt maturity extension to October 2027, PIK interest option for 2025, and reduced monthly liquidity covenant to $2.5 million through March 2026.
The company also entered a definitive agreement for $3.5 million in initial gross proceeds through Series A Convertible Preferred Stock sale, with an additional $4.5 million contingent upon stockholder approval and SEC registration. The agreement includes warrants for up to $40 million in additional Preferred Stock purchases. The Preferred Stock is convertible at $2.332 per common share, with proceeds intended for working capital and general corporate purposes.
Dragonfly Energy Holdings Corp. (Nasdaq: DFLI), a leader in energy storage and battery technology, has appointed AdvisIRy Partners as its new investor relations firm. The company, which specializes in lithium-ion battery solutions for RV, trucking, and industrial sectors, is working on developing proprietary dry electrode technology for next-generation battery cell manufacturing.
CEO Dr. Denis Phares emphasized that this partnership comes at a important point in the company's evolution. AdvisIRy Partners, successor to Morgen-Walke Associates, will be led by Partner Eric Prouty, who will work with Dragonfly's executive team on investor relations strategies, messaging, and outreach. The firm brings extensive experience in sell-side, buy-side, and investor relations.
Dragonfly Energy (Nasdaq: DFLI) has secured a major purchase order from Stevens Transport for its Battle Born® All-Electric APUs. Stevens Transport, one of North America's largest temperature-controlled freight carriers, will transition its entire fleet of 2,500 trucks to Dragonfly's lithium power solutions. The implementation begins with 100 trucks in Q1 2025.
The partnership focuses on hybrid electrification, combining combustion engines with lithium iron phosphate batteries, rather than full fleet electrification. This approach aims to provide a cost-effective, sustainable solution while enhancing fleet performance and reducing operational costs. The initiative represents Stevens Transport's commitment to environmental sustainability and operational efficiency in the trucking industry.
Dragonfly Energy (Nasdaq: DFLI) announces the release of new Battle Born® smart lithium batteries featuring Dragonfly IntelLigence®, their patent-pending technology for battery monitoring. The launch coincides with their Black Friday sales event running through Cyber Monday. The smart batteries offer real-time monitoring capabilities through the Battle Born Mobile App, allowing users to track battery performance, receive alerts, and access historical data. The technology ensures compliance with ABYC E-13 Standards for marine vessel lithium systems. Special introductory pricing is available during the Black Friday event at BattleBornBatteries.com.
Dragonfly Energy (Nasdaq: DFLI) announced a 1-for-9 reverse stock split effective November 22, 2024. The company's common stock will continue trading on Nasdaq under 'DFLI' with a new CUSIP number. The split will reduce outstanding shares from approximately 63.2 million to 7.0 million. The reverse split maintains stockholders' equity percentage and applies to outstanding warrants and stock options with proportionate exercise price adjustments. No fractional shares will be issued; instead, stockholders will receive additional fractions to complete a full share. The split was approved by stockholders on November 12, 2024, with the Board approving the 1-for-9 ratio on November 11, 2024.
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