secwatch.observer — SEC 8-K summary
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Issuer:     Dragonfly Energy Holdings Corp. (DFLI)
CIK:        0001847986
Form:       8-K
Filed at:   2024-05-14T23:59:59+00:00
Accession:  0001493152-24-019249
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 net sales fall 33% to $12.5M; net loss of $10.4M vs income of $4.8M YoY
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- 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).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1847986/000149315224019249/0001493152-24-019249-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1847986/000149315224019249/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-019249

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