---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-24-019249"
form_type: "8-K"
ticker: "DFLI"
cik: "0001847986"
company_name: "Dragonfly Energy Holdings Corp."
filed_at: "2024-05-14T23:59:59+00:00"
generated_at: "2026-06-02T01:14:18.076368+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Dragonfly Energy Q1 net sales fall 33% to $12.5M; net loss of $10.4M vs income of $4.8M YoY

## Summary
- Net sales $12.5M, down from $18.8M in Q1 2023; DTC sales fell $4.8M, OEM revenue down $1.5M.
- Net loss of $10.4M ($0.17 loss per share) vs net income of $4.8M ($0.10 per share) in prior year.
- Adjusted EBITDA loss of $5.2M, roughly flat vs $5.1M loss a year ago; cash dropped to $8.5M from $12.7M.
- Q2 2024 guidance: net sales $14-15M, net loss $8-10M ($0.13-0.16 loss per share); gross margin 24-26%.
- Entering trucking with APU/liftgate orders; oil & gas certification with first customer (Alegacy).

## SEC filing metadata
- accession: 0001493152-24-019249
- form_type: 8-K
- ticker: DFLI
- cik: 0001847986
- company_name: Dragonfly Energy Holdings Corp.
- filed_at: 2024-05-14T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1847986/000149315224019249/0001493152-24-019249-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1847986/000149315224019249/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-24-019249
- JSON: https://secwatch.observer/filing/0001493152-24-019249.json
- Plain text: https://secwatch.observer/filing/0001493152-24-019249.txt

## Key facts
- Earnings Releases
  Dragonfly Energy Holdings Corp. reported first quarter ended March 31, 2024 results: revenue $12.5 million, net income $(10.4) million, EPS $(0.17).
  - Period: first quarter ended March 31, 2024
  - Revenue: $12.5 million
  - Net income: $(10.4) million
  - EPS: $(0.17)
  - Result: reported results
  source text: today reported its financial and operational results for the first quarter ended March 31, 2024. First Quarter 2024 Financial Highlights ● Net Sales were $12.5 million, compared to $18.8 million in Q1 2023 ● Gross Profit was $3.1 million, compared to $4.7 million in Q1 2023 ● Operating expenses were $(8.9) million, compared to $(14.6) million in Q1 2023 ● Net Loss of $(10.4) million, compared to Net Income of $4.8 million in Q1 2023 ● Diluted Net Loss per share was $(0.17), compared to Net Income of $0.10 per share in Q1 2023
  evidence_url: https://www.sec.gov/Archives/edgar/data/1847986/000149315224019249/0001493152-24-019249-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.