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Stock impact report

Dragonfly Energy Holdings Corp (DFLI) Q3 2024 Earnings Call Highlights: Strategic Advances Amid ... [Yahoo! Finance]

Dragonfly Energy Holdings Corp (DFLI) 
Company Research Source: Yahoo! Finance
Dragonfly Energy Holdings Corp ( NASDAQ:DFLI ) reported its first meaningful revenue from the trucking sector in Q3 2024, indicating successful market penetration. The company has introduced Dragonfly Intelligence technology, offering real-time monitoring and diagnostics, which is expected to enhance product offerings and market penetration. Strategic partnerships, such as with Strien Energy, are expanding the reach of Dragonfly's product line and have generated positive initial responses. OEM revenue increased from $5.6 million in Q2 2024 to $7.4 million in Q3 2024, showing a recovery in the RV market and successful implementation of new smart battery products. Dragonfly Energy Holdings Corp ( NASDAQ:DFLI ) ended Q3 2024 with $8.0 million in cash, up from $4.7 million at the end of Q2 2024, indicating improved liquidity. Net sales decreased from $15.9 million in Q3 2023 to $12.7 million in Q3 2024, primarily due to weakness in direct-to-consumer battery sales. Gross prof Show less Read more
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