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About Dragonfly Energy Holdings Corp. (DFLIW)
Dragonfly Energy Holdings Corp. is a pioneering company in the energy storage industry, specializing in the design, manufacturing, and integration of advanced lithium-ion battery solutions. Focused on replacing traditional lead-acid batteries, Dragonfly Energy delivers sustainable, non-toxic, and cost-effective energy storage systems tailored for a variety of applications, including recreational vehicles (RVs), marine vessels, off-grid solar installations, and backup power systems. The company is recognized for its commitment to innovation, particularly through its development of disruptive solid-state battery technologies and its patented dry electrode manufacturing process.
Core Business and Value Proposition
Dragonfly Energy's core business revolves around the production and distribution of lithium iron phosphate (LFP) batteries. These batteries offer numerous advantages over traditional lead-acid counterparts, including longer lifespans, higher energy efficiency, and a significantly reduced environmental impact. Unlike many competitors, Dragonfly Energy's products avoid reliance on scarce or controversial metals, making them a sustainable choice for both consumers and industries. The company's flagship brand, Battle Born Batteries®, has established a strong reputation for reliability and performance, with its products widely deployed through top-tier OEMs and a diverse retail customer base.
Innovative Technology and Manufacturing
A key differentiator for Dragonfly Energy is its proprietary dry electrode manufacturing process, which enables the production of chemistry-agnostic battery cells. This process not only reduces production costs but also enhances the scalability of battery manufacturing, positioning the company as a leader in domestic lithium battery production. Additionally, Dragonfly Energy is actively developing nonflammable, solid-state battery technology, which holds the potential to revolutionize energy storage by offering safer, more efficient, and longer-lasting solutions.
Market Presence and Applications
Dragonfly Energy operates at the intersection of multiple high-growth markets, including renewable energy, electric vehicles (EVs), and portable power solutions. Its batteries are widely used in RVs, boats, off-grid solar systems, and other applications that demand reliable and efficient energy storage. By addressing the limitations of traditional energy storage systems, Dragonfly Energy has positioned itself as a key player in the transition toward cleaner and more sustainable energy solutions.
Competitive Landscape and Differentiation
In a competitive energy storage market, Dragonfly Energy distinguishes itself through its focus on environmentally friendly battery chemistries, innovative manufacturing techniques, and a strong emphasis on customer satisfaction. Its ability to produce high-quality, sustainable batteries at a competitive cost gives it a strategic advantage over traditional battery manufacturers. Furthermore, its alignment with broader industry trends, such as the electrification of transportation and the decentralization of energy grids, underscores its relevance and growth potential within the sector.
Commitment to Sustainability
Dragonfly Energy's mission extends beyond technological innovation to include a strong commitment to environmental sustainability. By producing non-toxic, recyclable batteries that do not rely on scarce resources, the company contributes to the global push for cleaner energy solutions. Its products are designed to support the growing demand for renewable energy storage, helping to reduce reliance on fossil fuels and promote energy independence.
Conclusion
Dragonfly Energy Holdings Corp. is a trailblazer in the energy storage industry, offering cutting-edge lithium battery solutions that combine sustainability, efficiency, and reliability. With its patented technologies, diverse market applications, and unwavering commitment to innovation, the company is well-positioned to meet the evolving needs of a world increasingly focused on clean energy and sustainable practices.
Dragonfly Energy Holdings (Nasdaq: DFLI) announces a partnership with Airstream, integrating Battle Born Batteries as standard equipment in select travel trailer models. This collaboration addresses the common 'battery anxiety' among RV consumers, enhancing their camping experience.
Airstream's President, Bob Wheeler, emphasizes the goal of improved utility and comfort in camping. Dragonfly has also been recognized as a Five Rivet Supplier by Airstream for excellence in quality, delivery, cost, and service.
Dragonfly's CEO, Dr. Denis Phares, expresses excitement over the partnership's future opportunities, further strengthened by their existing connection with THOR Industries.
Dragonfly Energy Holdings Corp. (DFLI) filed its Annual Report on Form 10-K on April 17, 2023, and updated its financial results for the fourth quarter and full year 2022. Key adjustments were made, reflecting changes in operating expenses and net losses due to $19.8 million in deal-related expenses from a prior Business Combination, now classified as general and administrative expenses. These adjustments do not affect net sales or gross profit. Significant figures include:
- Operating Expenses: Increased from $12,481K to $32,941K for Q4 and from $37,541K to $58,001K for the full year.
- Net Loss: Adjusted from $11,655K to $32,115K for Q4 and from $19,111K to $39,571K for the full year.
- EBITDA: Adjusted from $7,843K to $27,593K for Q4 and from $12,645K to $32,444K for the full year.
Dragonfly Energy Holdings Corp. (DFLI) reported its 2022 financial results, with revenue up to $86.3 million, a 10.6% increase from 2021. In Q4 2022, net sales remained stable at $20.2 million, while gross profit fell to $4.4 million from $6.1 million in Q4 2021. Operating expenses surged to $(12.5) million, leading to a net loss of $(11.7) million for the quarter. For 2023, the company anticipates net sales between $112-$122 million, driven by OEM growth, with expected net losses of $(10.5)-$(11.5) million in Q1.
Dragonfly Energy Holdings Corp. (Nasdaq: DFLI) will announce its financial results for the fourth quarter and year ending December 31, 2022, on March 29, 2023, after market close. The earnings announcement will be followed by a conference call at 5:00 PM ET, accessible via live webcast on the company’s Investor Relations page. Dragonfly is a leader in deep cycle lithium-ion storage batteries, focusing on innovative energy storage solutions, including solid-state cell technology for smart grids. Interested parties can access the call details and future earnings archives on the company’s website.
FAQ
What is the current stock price of Dragonfly Energy (DFLIW)?
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What is unique about Dragonfly Energy's battery technology?
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How does Dragonfly Energy contribute to sustainability?
What is Dragonfly Energy's role in the lithium battery industry?
What are the advantages of Dragonfly Energy's lithium iron phosphate batteries?
Does Dragonfly Energy manufacture solid-state batteries?
What makes Dragonfly Energy competitive in the energy storage market?
What is the patented dry electrode manufacturing process?
