Fri, May 16, 9:10 PM (35 days ago)
**Dragonfly Energy Holdings Corp. (DFLI) Q1 2025 Financial Summary** **Financial Health & Performance:** - **Revenue:** $13.4 million (up 6.8% YoY) - **Net Loss:** $6.8 million (improved from $10.4 million YoY) - **Cash Position:** $2.8 million (as of March 31, 2025) - **Gross Profit:** $3.9 million (up 28.7% YoY) - **Operating Expenses:** $9.8 million (up 9.6% YoY) - **Cash Flow from Operations:** Negative $4.5 million **Key Metrics:** - **Gross Margin:** 29.4% (improved from 24.4% YoY) - **Operating Margin:** -44.3% (improved from -46.7% YoY) - **R&D Expenses:** $1.0 million (down 25% YoY) - **G&A Expenses:** $6.4 million (up 32.1% YoY) - **Sales & Marketing Expenses:** $2.5 million (down 9.4% YoY) **Earnings Changes & Trends:** - **Revenue Growth:** Driven by higher OEM battery and accessory sales, and licensing revenue. - **Cost Management:** Lower material costs and reduced headcount contributed to improved gross margins. - **Operating Expenses:** Increased due to higher professional fees and rent expenses. - **Cash Flow:** Negative due to net loss and changes in working capital. **Uncertainties & Future Operations Impact:** - **Liquidity:** Requires additional funding to meet operational needs and financial covenants. - **Debt:** Amendments to the Term Loan provide temporary relief but long-term sustainability is uncertain. - **Market Risks:** Dependence on RV market recovery and successful entry into new markets. - **Operational Risks:** Supply chain dependencies and competition in the lithium-ion battery market. **Strategic Initiatives:** - **Product Development:** Focus on trucking and industrial markets. - **Fundraising:** Utilizing ChEF Equity Facility and issuing equity to secure additional capital. - **Cost Management:** Reducing headcount and optimizing inventory levels. **Conclusion:** Dragonfly Energy Holdings Corp. showed signs of revenue growth and cost management in Q1 2025, but continues to face significant liquidity and operational challenges. The company's ability to secure additional funding and successfully enter new markets will be crucial for its future sustainability.