secwatch.observer — SEC 8-K summary
======================================

Issuer:     Dragonfly Energy Holdings Corp. (DFLI)
CIK:        0001847986
Form:       8-K
Filed at:   2023-08-21T23:59:59+00:00
Accession:  0001493152-23-029635
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Dragonfly Energy Q2 loss $11.7M, revenue $19.3M; largest RV customer de-contenting to materially limit H2 2023
--------------------------------------------------------------------------------

- Net sales $19.3M (down 11% from $21.6M); gross profit $4.1M (down 41% from $7.0M).
- Net loss $(11.7M) vs $(1.5M) loss year ago; diluted EPS $(0.25).
- Largest RV customer converted storage from standard to dealer option; all forecasted revenue removed for remainder of 2023.
- Q3 outlook: net sales $16-20M, net loss $(10)-(13)M ($0.21-$0.27 per share).
- Cash $33M; $150M equity line; pilot cell line complete; full cell production targeted by year end.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1847986/000149315223029635/0001493152-23-029635-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1847986/000149315223029635/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-23-029635

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer