Welcome to our dedicated page for Dragonfly Energy Holdings news (Ticker: DFLI), a resource for investors and traders seeking the latest updates and insights on Dragonfly Energy Holdings stock.
Dragonfly Energy Holdings Corp. (NASDAQ: DFLI) is a pioneering manufacturer of deep-cycle lithium-ion batteries that cater to a diverse range of applications including RVs, marine vessels, and off-grid solar systems. Headquartered in Nevada, the company has established itself as a leader in the market with its innovative, non-toxic Lithium Iron Phosphate (LFP) batteries, designed to replace traditional lead-acid batteries.
The company's LFP batteries offer numerous advantages, such as being environmentally friendly, non-toxic, and not reliant on scarce or controversial metals. These batteries are highly cost-effective, provide significant weight savings, and deliver up to three times the power and five times faster charging compared to conventional batteries. They also boast a longer lifespan, lasting over ten times longer than traditional batteries, and are maintenance-free.
Dragonfly Energy has filed and holds over 85 patents, showcasing its strong commitment to research and development. The company's innovative battery technology is fundamental to its new ventures into the off-grid solar sector. Partnering with companies like Ameresco and Connexa, Dragonfly Energy is now expanding into industrial remote applications, offering self-sustaining, reliable, and scalable solar energy storage solutions.
The company is also known for its stringent safety and quality standards. Its batteries undergo rigorous testing and have received multiple certifications, including ETL Listing by Intertek Lab, and conformance to UL, CSA, and UN standards. This dedication to safety and quality allows Dragonfly Energy to seamlessly transition into new markets, setting it apart from competitors.
With the stationary battery storage market expected to reach $870 billion by 2032, Dragonfly Energy is strategically positioned to capitalize on this growth. Its diverse product line addresses various energy needs, making it a key player in the renewable energy sector. The company's Battle Born Batteries are already gaining traction in the RV industry, being adopted as standard equipment by luxury coach divisions.
Dragonfly Energy's commitment to innovation and sustainability makes it a pivotal company in the renewable energy landscape. Its focus on developing solid-state lithium-ion cells and vertically integrated energy solutions ensures it remains at the forefront of the industry.
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.
Dragonfly Energy (DFLI) reported Q3 2024 financial results with net sales of $12.7 million, down from $15.9 million in Q3 2023. The company posted a net loss of $6.8 million ($0.11 per share), improving from a $10.0 million loss in Q3 2023. Direct-to-consumer sales decreased by $5.2 million, while OEM revenue increased by $1.8 million. The company launched Dragonfly IntelLigence smart battery technology for heavy-duty trucking and expanded distribution through Keystone Automotive Operations. For Q4 2024, the company projects net sales between $13.5-$14.0 million with gross margins of 22.0-25.0%.
Dragonfly Energy (Nasdaq: DFLI) has announced a partnership with Keystone Automotive Operations, making Battle Born Batteries available through Keystone's distribution network. The partnership enables overnight or two-day delivery across 48 US states and 9 Canadian provinces through Keystone's eight distribution centers. Battle Born Batteries will be accessible to customers in multiple sectors, including recreational vehicle (through NTP-STAG), marine (through SeaWide), and overlanding and off-grid industries through Keystone Automotive.
Dragonfly Energy (DFLI) has signed a Memorandum of Understanding with Bruker (BRKR) to enhance battery technology development. The partnership combines Dragonfly's expertise in liquid and solid-state battery technology with Bruker's analytical solutions for battery research and manufacturing.
Dragonfly Energy utilizes Bruker's nuclear magnetic resonance (NMR) equipment to study lithium batteries, optimizing cell performance through their patented dry electrode process. The collaboration leverages multiple Bruker technologies including AFM, FT-IR, NMR, Raman, XRD, and XRF to advance battery development and manufacturing processes.
Dragonfly Energy (Nasdaq: DFLI), maker of Battle Born Batteries® and an energy storage leader, will release its Q3 2024 financial results on November 14, 2024, after market close. The announcement will be followed by a conference call at 5:00 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) or +1 (289) 819-1520 (International) with conference ID: 64729.
Dragonfly Energy (NASDAQ: DFLI) reported Q2 2024 financial results, highlighting strategic partnerships and market expansion. Key developments include:
1. A $30 million licensing agreement with Stryten Energy for Battle Born Batteries®
2. Partnership with Highway Transport to integrate all-electric APUs into 500+ trucks
3. Collaboration with Fraserway RV and Meyer Distributing to expand RV market presence
Financial highlights:
- Net Sales: $13.2 million (down from $19.3 million in Q2 2023)
- Gross Profit: $3.2 million
- Net Loss: $(13.6) million
- EBITDA: $(8.4) million
Q3 2024 Guidance:
- Net Sales: $13.5 - $15.0 million
- Gross Margin: 24% - 26%
- Operating Expenses: $(10.0) - $(10.5) million
Dragonfly Energy (Nasdaq: DFLI) is partnering with Highway Transport to integrate the Battle Born All-Electric APU into their fleet of over 500 trucks. This lithium-ion battery system provides auxiliary power for trucks, allowing operation of HVAC and electronics while the engine is off. The system is expected to reduce fuel costs and increase sustainability through emission reductions.
Highway Transport's commitment aligns with their Green Treads sustainability initiative. Initial trials have shown promising results, with the APU demonstrating the ability to power hotel loads for 12-16 hours, even in extreme heat. This partnership marks a significant step for Dragonfly Energy in penetrating the commercial trucking industry with lithium power solutions, potentially paving the way for wider adoption in the sector.
Dragonfly Energy (Nasdaq: DFLI) has entered into a $30 million licensing agreement with Stryten Energy for its Battle Born Batteries® brand. The deal grants Stryten exclusive rights to market and distribute Battle Born Batteries in new B2B markets, including military, automotive, marine, power sports, lawn and garden, and golf cart applications.
The agreement includes an initial $5 million licensing fee and potential mid-single digit royalty payments up to an additional $25 million. Dragonfly Energy will continue its operations in existing markets such as RV, off-grid properties, and stationary storage. The partnership aims to expand brand awareness and market reach while offering Stryten's customers reliable lithium-based power solutions.
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