Dragonfly Energy Q4 net loss $11.7M; FY22 rev $86.3M; loan waiver; guides FY23 rev $112-122M

Dragonfly Energy Holdings Corp.

FY 2022 net sales $86.3M (+10.6% YoY); net loss $(19.1)M vs net income $4.3M in 2021.
Q4 2022 net sales $20.2M flat; net loss $(11.7)M; adjusted EBITDA $(4.8)M vs $1.0M in Q4 2021.
Guides Q1 2023 net sales $17-19M and FY 2023 net sales $112-122M (+36% at midpoint).
Obtained waiver from lenders for Senior Leverage & Fixed Charge Coverage tests as of March 31, 2023 under Term Loan Agreement.
Intends to file Form 10-K for FY 2022 late; expects to file on or before April 17, 2023.

item 1.01 item 8.01 item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Dragonfly Energy Holdings Corp. reported the fourth quarter and full year of 2022 results: revenue $20.2 million, net income $(11.7) million. Guidance initiated.

Period: the fourth quarter and full year of 2022
Revenue: $20.2 million
Net income: $(11.7) million
Guidance: initiated
Result: reported results

Exact text from the filing

storage batteries, today reported financial and operational results for the fourth quarter and full year of 2022. Fourth Quarter 2022 Financial Highlights ● Net Sales of $20.2 million were unchanged compared to Q4 2021 ● Gross Profit of $4.4 million, decreased $1.7 million from $6.1 million in Q4 2021 ● Operating expenses of $(12.5) million, were higher

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Source: SEC EDGAR

accession 0001493152-23-009479

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