Q4 2025 Dragonfly Energy Holdings Corp Earnings Call Transcript
Key Points
- Dragonfly Energy Holdings Corp (DFLI) achieved a 16% increase in net sales for the full year 2025, reaching $58.6 million, driven by a 34% growth in OEM channel revenue.
- The company successfully completed several capital raising transactions and a significant debt restructuring, improving liquidity and simplifying the balance sheet.
- Dragonfly Energy Holdings Corp (DFLI) expanded its commercial footprint, notably in the heavy-duty trucking industry, with Werner Enterprises placing its first order for the Battle Born Dual Flow power pack.
- The company advanced its intellectual property portfolio, now holding nearly 90 issued or pending patents, supporting long-term development of advanced battery technology.
- Cost-saving initiatives, including leadership compensation adjustments and workforce reductions, are expected to generate annualized savings of approximately $4.9 million, with an additional $4.0 million from rental space consolidation.
- Dragonfly Energy Holdings Corp (DFLI) reported a net loss of $45 million for the fourth quarter, significantly higher than the previous year's net loss of $9.8 million.
- The company's direct-to-consumer (DTC) revenue declined to $4.7 million from $5.7 million, reflecting ongoing market headwinds and a shift in corporate focus.
- Operating expenses increased by 29.9% to $12.6 million, including onetime expenses related to debt restructuring.
- The heavy-duty trucking market has been weak, with revenue contributions delayed beyond initial expectations, impacting short-term financial performance.
- The company anticipates continued pressure from the broader economic environment, particularly affecting the RV market and resulting in a projected first-quarter revenue of approximately $9.5 million.
Good afternoon, ladies and gentlemen, and welcome to the Dragonfly Energy Fourth Quarter 2025 Earnings Conference Call. (Operator Instructions)
This call is being recorded on Monday, March 16, 2026. I would now like to turn the conference over to Szymon Serowiecki, Investor Relations. Please go ahead.
Thank you, operator. Appreciate you joining us for today's call. Joining me here today, Dr. Denis Phares, Dragonfly Energy's Chairman, President and Chief Executive Officer; and Wade Seaburg, Chief Commercial Officer. On the call today, we will be discussing fourth quarter and full year 2025 financial and operating results.
These results are preliminary as they are subject to finalization and adjustment in connection with the preparation of our annual report on Form 10-K for fiscal 2025 to be filed later this month. More detail is provided in the press release. Before I turn the call over to Denis, I'd like to make a brief statement regarding forward-looking remarks.
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