Dragonfly Energy Holdings Corp (DFLI) Soars 80% on Strong Earnings

Dragonfly Energy Holdings Corp (DFLI) experienced a remarkable surge of 80% in pre-market trading on August 15, 2025, driven by strong financial performance and strategic advancements.

Dragonfly Energy reported a 23% increase in net sales to $16.2 million for the second quarter of 2025, marking the third consecutive quarter of year-over-year revenue growth. This growth was primarily driven by a 50% increase in OEM net sales, totaling $10.1 million, due to strong partnerships and factory-level integrations. However, DTC net sales decreased to $5.9 million from $6.5 million, attributed to ongoing macroeconomic uncertainty.

The company's gross profit rose by 45.4% to $4.6 million, with the gross margin expanding by 430 basis points to 28.3%. Despite a net loss of $7.0 million or $0.58 per share, this represented an improvement from the previous net loss of $13.6 million. Adjusted EBITDA also improved to negative $2.2 million from negative $6.2 million. The company successfully completed a public offering, raising $5.5 million to support expansion and strengthen financial flexibility. Additionally, Dragonfly Energy was granted a patent for its nonflammable all solid-state battery program, enhancing safety and scalability.

Looking ahead, the company anticipates net sales of $15.9 million and adjusted EBITDA of negative $2.7 million for the third quarter. However, the heavy-duty trucking market remains challenging, with significant adoption expected only in the first half of next year. The company is confident in managing tariff costs and has optimized component sourcing, with most assembly done domestically.