Business
Dragonfly Energy Reports First Quarter 2026 Results
Net Sales and Adjusted EBITDA Above Guidance Stevens Transport Purchase Order Valued at Over $3 Million, Spanning Nearly 500 Trucks Recent Cost Reduction
About this update from Dragonfly Energy Holdings Corp
[{"type":"text","content":"Net Sales and Adjusted EBITDA Above Guidance Stevens Transport Purchase Order Valued at Over $3 Million, Spanning Nearly 500 Trucks Recent Cost Reduction Actions on Track and Expected to Benefit Results Starting Q2 2026 Guides to Q2 2026 Net Sales of $13.2 Million and Adj EBITDA of $(1.9 Million) First Quarter 2026 Financial Highlights Net sales were $9.7 million.OEM net sales were $5.8 million.Gross Margin was 17.6%.Net Loss Attributable to Common Shareholders was $(7.7) million.Adjusted EBITDA was $(4.6) million. RENO, Nev., May 14, 2026 (GLOBE NEWSWIRE) -- Dragonfly Energy Holdings Corp. (Nasdaq: DFLI) (“Dragonfly Energy” or the “Company”), an industry leader in energy storage and battery technology and maker of Battle Born Batteries®, today reported its financial and operational results for the first quarter ended March 31, 2026. “First quarter results reflect a softer demand environment in the RV market, as expected,” commented Dr. Denis Phares, Chief Executive Officer. “While the broader RV market has not yet recovered, we have seen signs of stabilization since the end of the first quarter and remain encouraged by the continued adoption of our lithium battery solutions across key OEM partnerships, including expanded model integration and increased energy storage content within select existing platforms.” “In the heavy-duty trucking market, one of our key long-term growth opportunities, we continue to see strong momentum. Following quarter-end, Stevens Transport placed a significant purchase order valued at over $3 million, spanning nearly 500 trucks, marking one of the most comprehensive single-fleet adoptions of our heavy-duty trucking solutions to date. This order spans our full heavy-duty trucking product portfolio and reflects the successful progression from pilot programs to scaled fleet adoption, which we believe validates the real world operational and economic benefits of our technologies.” “During the first quarter, we also announced significant corporate actions that reduced our operating expenses, enhanced our focus on the OEM segment, and more closely aligned the Company with our shareholders. We believe we remain well-positioned to support growth as we scale and expect to realize the benefits of these initiatives starting in the second quarter.” First Quarter 2026 Financial and Operating Results Net Sales by C...