secwatch.observer — SEC 8-K summary
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Issuer:     Dragonfly Energy Holdings Corp. (DFLI)
CIK:        0001847986
Form:       8-K
Filed at:   2023-05-15T23:59:59+00:00
Accession:  0001493152-23-017415
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Dragonfly Energy Q1 revenue up 2.7% to $18.8M; net income $4.9M on warrant gain; Q2 outlook loss $9.5-12.5M
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- Net sales $18.8M, +2.7% YoY; gross profit $4.7M, down $0.8M due to mix shift to lower-margin OEM sales.
- Net income $4.9M (diluted EPS $0.10) vs net loss $(2.3)M; benefited from $18.5M fair value gain on warrants.
- Adjusted EBITDA loss $(5.0)M, wider than $(0.4)M in prior year; operating expenses rose to $(14.6)M including $3.6M stock comp.
- Q2 2023 guidance: net sales $18-$22M; net loss $(9.5)-$(12.5)M or $(0.21)-$(0.27) per share.
- Ended Q1 with $15.8M cash, $77.4M debt; $150M equity line of credit available.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1847986/000149315223017415/0001493152-23-017415-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1847986/000149315223017415/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-23-017415

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