GlobeNewswire·Nov 12, 2026, 4:05 PM ET

Dragonfly Energy Reports Third Quarter 2026 Results

DFLI DFLIW

Dragonfly Energy Holdings Corp. reported third-quarter 2026 net sales of $12.2 million, a 23.8% year-over-year decline driven by softness in the RV industry.
Heavy-duty trucking revenue more than doubled sequentially to $1.3 million, fueled by expanding commercial fleet adoption without pilot programs.
The company completed its acquisition of Dakota Lithium in July 2026 to expand its product portfolio, with new inventory expected to arrive late in Q4 2026.
Third-quarter gross margin was 27.0%, down from 29.7% in the prior year, primarily due to lower sales volumes.
Net loss attributable to common stockholders was $6.7 million, or $3.71 per diluted share, compared to $11.1 million in the third quarter of 2025.
Adjusted EBITDA for the quarter was a loss of $2.3 million, reflecting progress on cost-reduction initiatives despite declining revenue.
Q4 2026 guidance projects net sales of approximately $12.5 million 4 Adjusted EBITDA near breakeven, supported by tariff-related refunds 4 cost efficiencies.
CEO Dr. Denis Phares expects trucking revenue to nearly double again sequentially in Q4 2026 as existing fleets expand deployments.
Dakota Lithium is expected to be accretive to Adjusted EBITDA by leveraging existing infrastructure with minimal incremental overhead starting in Q1 2027.
The company reported cash and cash equivalents of $1.941 million as of September 30, 2026, down from $18.27 million at the end of 2025.
Operating expenses totaled $7.3 million for the quarter, down from $8.5 million a year ago, as the company continues to pursue operational efficiencies.

Company: Dragonfly Energy Holdings Corp.
Keywords: Nasdaq:DFLI, Dragonfly Energy Holdings Corp., +back-up power, +energy storage, +power solutions, Battleborn, lithium-ion, lithium battery, battery technology, heavy-duty trucking, AI