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Dragonfly Energy Holdings (DFLI) investor relations material
Dragonfly Energy Holdings Q2 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Net sales rose 23% year-over-year to $16.2 million in Q2 2025, led by over 50% OEM growth and new licensing revenue, while net loss narrowed to $7.0 million from $13.6 million year-over-year.
Strategic focus on expanding OEM partnerships, product development, and entry into heavy-duty trucking, industrial, and residential storage markets.
Vertically integrated U.S.-based manufacturing and innovation in battery technology, including proprietary dry electrode and solid-state batteries, provide a competitive edge.
Corporate optimization and resource realignment accelerated product launches and adoption by major RV OEMs for 2026 models.
Balance sheet strengthened through preferred stock exchange and public offerings, enhancing financial flexibility.
Financial highlights
Q2 2025 gross profit increased 45% to $4.6 million, with gross margin expanding to 28.3% from 24.0% year-over-year.
Operating expenses decreased to $7.9 million from $9.9 million, mainly due to lower R&D and G&A costs.
Net loss improved to $7.0 million ($0.58 per share) from $13.6 million ($2.02 per share) year-over-year.
Adjusted EBITDA improved to negative $2.2 million from negative $6.2 million, driven by OEM sales and optimization initiatives.
Cash and equivalents at June 30, 2025, were $2.7 million; working capital stood at $8.4 million.
Outlook and guidance
Q3 2025 net sales expected at $15.9 million, up 25% year-over-year, with adjusted EBITDA guidance of negative $2.7 million.
Sequential improvement in Q4 anticipated, with contributions from RV, heavy-duty trucking, and new market segments.
Targeting adjusted EBITDA breakeven by Q4 2025, supported by product adoption and expanded partnerships.
Additional capital raises likely needed to fund operations and strategic initiatives.
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