Dragonfly Energy Q2 net sales $13.2M (-32% YoY); net loss $13.6M; guides Q3 sales $13.5-15M

Dragonfly Energy Holdings Corp.

2024-Q2 EPS reported -$0.40 revenue$25,713,000

Net sales $13.2M vs $19.3M Q2 2023; net loss $13.6M ($0.22/sh) vs $11.9M loss ($0.25/sh).
Cash fell to $4.7M from $8.5M Q1 2024; expects $5M upfront from Stryten licensing in Q3.
Stryten Energy licensing deal valued up to $30M with $5M upfront; expands Battle Born into B2B markets.
Q3 2024 guidance: net sales $13.5-15.0M, gross margin 24-26%, operating expenses $10.0-10.5M.
Partnership with Highway Transport to deploy all-electric APUs across fleet of 500+ trucks.

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