Dragonfly Energy Reports First Quarter 2024 Financial and Operational Results
RENO, Nev., May 14, 2024 (GLOBE NEWSWIRE) -- Dragonfly Energy Holdings Corp. (“Dragonfly Energy” or the “Company”) (Nasdaq: DFLI), maker of Battle Born Batteries® and an industry leader in energy storage, today reported its financial and operational results for the first quarter ended March 31, 2024.
- RENO, Nev., May 14, 2024 (GLOBE NEWSWIRE) -- Dragonfly Energy Holdings Corp. (“Dragonfly Energy” or the “Company”) (Nasdaq: DFLI), maker of Battle Born Batteries® and an industry leader in energy storage, today reported its financial and operational results for the first quarter ended March 31, 2024.
- First quarter 2024 Gross Profit was $3.1 million, compared to $4.7 million in the first quarter of 2023.
- Dragonfly Energy expects this new business line to begin contributing to net sales by the fourth quarter of 2024.
- Net Loss is expected to be between $(8.0) - $(10.0) million for the second quarter of 2024, or $(0.13) - $(0.16) per share based on approximately 61.0 million shares outstanding
The Dragonfly Energy management team will host a conference call to discuss its first quarter 2024 financial and operational results this afternoon, Tuesday, May 14, 2024, at 5:00 pm E.T.