Dragonfly Energy Set to Receive Nevada Tech Hub Funding for Battery Manufacturing and Workforce Development Initiatives
Funding Announcement: Dragonfly Energy has been selected for first-round funding by Nevada Tech Hub, aimed at enhancing lithium battery manufacturing and workforce development, with a contract nearing finalization.
Project Goals: The funding, approximately $300,000, will support modernization of production systems and workforce training initiatives, potentially leading to significant cost savings and job creation in Nevada's battery industry.
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Dragonfly Energy sets $13M revenue goal for Q4 2025 after debt restructuring and OEM growth
Management Insights: Dragonfly Energy reported a 26% year-over-year revenue growth to $16 million in Q3 2025, with significant improvements in gross margin and a successful debt restructuring that enhanced liquidity and financial stability.
OEM Partnerships and Growth: The company expanded its OEM partnerships in the RV and heavy-duty trucking markets, with notable collaborations that position its products as standard solutions, indicating strong momentum in these sectors.
Financial Performance and Outlook: Despite a net loss of $11.1 million, the company anticipates approximately $13 million in net sales for Q4 2025, while acknowledging macroeconomic challenges and a cautious outlook for the near term.
Risks and Strategic Focus: Management highlighted risks from macroeconomic uncertainties and government shutdown impacts, while emphasizing a strategic focus on OEM expansion and leveraging a strengthened balance sheet to drive growth initiatives.
Dragonfly Energy Achieves Full Compliance with Nasdaq Listing Standards
Compliance with Nasdaq Requirements: Dragonfly Energy Holdings Corp. has regained compliance with Nasdaq's minimum bid price and market value requirements, ensuring its continued listing on the Nasdaq Capital Market.
Mandatory Panel Monitor: The company will remain under a Mandatory Panel Monitor for one year, which could lead to a Delist Determination Letter if compliance is not maintained.
Company Overview: Dragonfly Energy specializes in lithium battery technology, focusing on cell manufacturing and battery pack assembly, with a mission to advance clean energy through innovative battery solutions.
Forward-Looking Statements: The press release includes forward-looking statements regarding the company's future compliance and business expectations, cautioning investors about potential risks and uncertainties.
Dragonfly Energy Unveils Plans for Public Offering of Common Stock and Pre-Funded Warrants
Public Offering Announcement: Dragonfly Energy Holdings Corp. has initiated an underwritten public offering of its common stock and pre-funded warrants, with a potential additional 15% of securities available for purchase by the underwriter.
Use of Proceeds: The company plans to utilize the net proceeds for working capital, restructuring $45 million of debt, and investing in next-generation battery technologies, including solid-state batteries.
Dragonfly Energy Reveals Preliminary Results for Third Quarter 2025
Preliminary Financial Results: Dragonfly Energy Holdings Corp. reported preliminary third quarter 2025 net sales of $16.0 million, exceeding guidance and representing a 26% year-over-year growth, while Adjusted EBITDA loss improved to $(2.2) million.
Management Commentary: CEO Dr. Denis Phares highlighted the company's focus on revenue growth and strategic actions, including a recent equity raise, aimed at enhancing financial flexibility and positioning for sustained growth and profitability.
Dragonfly Energy Partners with PACCAR to Release Whitepaper on Lithium Solutions for Reducing Trucking Idling and Fuel Expenses
Collaboration and Whitepaper Release: Dragonfly Energy Holdings Corp. has partnered with PACCAR Inc. to publish a whitepaper titled "Reducing Idle Time & Fuel Costs: Lithium Powered Solutions for Commercial Fleets," which evaluates lithium-powered idle-reduction technologies compared to traditional diesel and AGM systems.
Key Findings and Benefits: The whitepaper highlights significant fuel and cost savings, improved driver comfort and safety, enhanced fleet reliability, and proven performance through rigorous testing, emphasizing the advantages of lithium-powered solutions for commercial fleets.
Dragonfly Energy Set to Receive Nevada Tech Hub Funding for Battery Manufacturing and Workforce Development Initiatives
Funding Announcement: Dragonfly Energy has been selected for first-round funding by Nevada Tech Hub, aimed at enhancing lithium battery manufacturing and workforce development, with a contract nearing finalization.
Project Goals: The funding, approximately $300,000, will support modernization of production systems and workforce training initiatives, potentially leading to significant cost savings and job creation in Nevada's battery industry.
Dragonfly Energy sets $13M revenue goal for Q4 2025 after debt restructuring and OEM growth
Management Insights: Dragonfly Energy reported a 26% year-over-year revenue growth to $16 million in Q3 2025, with significant improvements in gross margin and a successful debt restructuring that enhanced liquidity and financial stability.
OEM Partnerships and Growth: The company expanded its OEM partnerships in the RV and heavy-duty trucking markets, with notable collaborations that position its products as standard solutions, indicating strong momentum in these sectors.
Financial Performance and Outlook: Despite a net loss of $11.1 million, the company anticipates approximately $13 million in net sales for Q4 2025, while acknowledging macroeconomic challenges and a cautious outlook for the near term.
Risks and Strategic Focus: Management highlighted risks from macroeconomic uncertainties and government shutdown impacts, while emphasizing a strategic focus on OEM expansion and leveraging a strengthened balance sheet to drive growth initiatives.
Dragonfly Energy Achieves Full Compliance with Nasdaq Listing Standards
Compliance with Nasdaq Requirements: Dragonfly Energy Holdings Corp. has regained compliance with Nasdaq's minimum bid price and market value requirements, ensuring its continued listing on the Nasdaq Capital Market.
Mandatory Panel Monitor: The company will remain under a Mandatory Panel Monitor for one year, which could lead to a Delist Determination Letter if compliance is not maintained.
Company Overview: Dragonfly Energy specializes in lithium battery technology, focusing on cell manufacturing and battery pack assembly, with a mission to advance clean energy through innovative battery solutions.
Forward-Looking Statements: The press release includes forward-looking statements regarding the company's future compliance and business expectations, cautioning investors about potential risks and uncertainties.
Dragonfly Energy Unveils Plans for Public Offering of Common Stock and Pre-Funded Warrants
Public Offering Announcement: Dragonfly Energy Holdings Corp. has initiated an underwritten public offering of its common stock and pre-funded warrants, with a potential additional 15% of securities available for purchase by the underwriter.
Use of Proceeds: The company plans to utilize the net proceeds for working capital, restructuring $45 million of debt, and investing in next-generation battery technologies, including solid-state batteries.
Dragonfly Energy Reveals Preliminary Results for Third Quarter 2025
Preliminary Financial Results: Dragonfly Energy Holdings Corp. reported preliminary third quarter 2025 net sales of $16.0 million, exceeding guidance and representing a 26% year-over-year growth, while Adjusted EBITDA loss improved to $(2.2) million.
Management Commentary: CEO Dr. Denis Phares highlighted the company's focus on revenue growth and strategic actions, including a recent equity raise, aimed at enhancing financial flexibility and positioning for sustained growth and profitability.
Dragonfly Energy Partners with PACCAR to Release Whitepaper on Lithium Solutions for Reducing Trucking Idling and Fuel Expenses
Collaboration and Whitepaper Release: Dragonfly Energy Holdings Corp. has partnered with PACCAR Inc. to publish a whitepaper titled "Reducing Idle Time & Fuel Costs: Lithium Powered Solutions for Commercial Fleets," which evaluates lithium-powered idle-reduction technologies compared to traditional diesel and AGM systems.
Key Findings and Benefits: The whitepaper highlights significant fuel and cost savings, improved driver comfort and safety, enhanced fleet reliability, and proven performance through rigorous testing, emphasizing the advantages of lithium-powered solutions for commercial fleets.
Dragonfly Energy Set to Receive Nevada Tech Hub Funding for Battery Manufacturing and Workforce Development Initiatives
Funding Announcement: Dragonfly Energy has been selected for first-round funding by Nevada Tech Hub, aimed at enhancing lithium battery manufacturing and workforce development, with a contract nearing finalization.
Project Goals: The funding, approximately $300,000, will support modernization of production systems and workforce training initiatives, potentially leading to significant cost savings and job creation in Nevada's battery industry.
