--- title: "DRAGONFLY ENERGY HOLDINGS CORP C/WTS 07/10/2027 (TO PUR COM) | 10-Q: FY2026 Q1 Revenue: USD 9.704 M" type: "News" locale: "en" url: "https://longbridge.com/en/news/286464090.md" datetime: "2026-05-14T20:32:03.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/286464090.md) - [en](https://longbridge.com/en/news/286464090.md) - [zh-HK](https://longbridge.com/zh-HK/news/286464090.md) --- # DRAGONFLY ENERGY HOLDINGS CORP C/WTS 07/10/2027 (TO PUR COM) | 10-Q: FY2026 Q1 Revenue: USD 9.704 M Revenue: As of FY2026 Q1, the actual value is USD 9.704 M. EPS: As of FY2026 Q1, the actual value is USD -0.64. EBIT: As of FY2026 Q1, the actual value is USD -4.262 M. ### Segmented Financial Metrics (Three Months Ended March 31, 2026 vs. 2025) #### Net Sales - Total Net Sales decreased by 27.3% to $9,704 thousand in 2026 from $13,356 thousand in 2025. - Direct to Consumer (DTC) segment sales were $3,702 thousand in 2026, down from $5,015 thousand in 2025. - Original Equipment Manufacture (OEM) segment sales were $5,752 thousand in 2026, down from $8,091 thousand in 2025. - License fee revenue remained flat at $250 thousand in both periods. #### Cost of Goods Sold - Total Cost of Goods Sold decreased by 15.2% to $7,994 thousand in 2026 from $9,428 thousand in 2025. #### Gross Profit - Total Gross Profit decreased by 56.5% to $1,710 thousand in 2026 from $3,928 thousand in 2025. - Gross Profit percentage decreased to 17.6% in 2026 from 29.4% in 2025. - DTC Gross Profit was $293 thousand in 2026, down from $1,376 thousand in 2025. - OEM Gross Profit was $1,167 thousand in 2026, down from $2,302 thousand in 2025. - Other Gross Profit (primarily licensing revenue) was $250 thousand in both periods. #### Operating Expenses - Research and development expenses remained stable at $980 thousand in 2026 compared to $1,000 thousand in 2025. - General and administrative expenses decreased by 29.5% to $4,482 thousand in 2026 from $6,357 thousand in 2025. - Selling and marketing expenses decreased by 20.5% to $1,975 thousand in 2026 from $2,485 thousand in 2025. - Total Operating Expenses decreased to $7,437 thousand in 2026 from $9,842 thousand in 2025. #### Loss From Operations - Total Loss From Operations improved slightly to - $5,727 thousand in 2026 from - $5,914 thousand in 2025. - DTC segment reported a Loss from operations of - $880 thousand in 2026, compared to a profit of $26 thousand in 2025. - OEM segment reported a Loss from operations of $651 thousand in 2026, compared to a profit of $1,591 thousand in 2025. - Other segment reported a Loss from operations of - $5,498 thousand in 2026, compared to - $7,531 thousand in 2025. #### Other (Expense) Income - Interest expense, net, decreased significantly to - $1,465 thousand in 2026 from - $4,701 thousand in 2025. - Change in fair market value of warrant liability was $506 thousand in 2026 compared to $3,818 thousand in 2025. - Total Other Expense was - $898 thousand in 2026 compared to - $883 thousand in 2025. #### Net Loss - Net Loss for the period was - $6,625 thousand in 2026 compared to - $6,797 thousand in 2025. - Net Loss Attributable to Common Shareholders was - $7,720 thousand in 2026 compared to - $6,797 thousand in 2025. #### Cash Flow (Three Months Ended March 31, 2026 vs. 2025) - Net Cash Used in Operating Activities was - $8,784 thousand in 2026, an increase from - $4,500 thousand in 2025. - Net Cash Used in Investing Activities was - $279 thousand in 2026, an improvement from - $778 thousand in 2025. - Net Cash Used in Financing Activities was - $570 thousand in 2026, a decrease from $3,232 thousand provided in 2025. - Cash and cash equivalents at the end of the period were $8,637 thousand as of March 31, 2026, compared to $2,803 thousand as of March 31, 2025. #### Operational Metrics - The company sold 5,783 batteries in Q1 2026, down from 10,845 batteries in Q1 2025. - As of March 31, 2026, receivables from Customer A, Customer B, and Customer C comprised approximately 12%, 10%, and 10% of accounts receivable, respectively. - Sales from Customer D comprised approximately 14% of total revenue in Q1 2026, down from 18% in Q1 2025. - As of March 31, 2026, payables to Vendor A and Vendor B comprised approximately 43% and 10% of accounts payables, respectively. - Vendor A and Vendor E accounted for approximately 13% and 10% of total purchases in Q1 2026, respectively. ### Future Outlook and Strategy DRAGONFLY ENERGY HOLDINGS CORP. anticipates increasing sales in the next 12 months as customers expand battery system integration into new models and the company enters new markets like trucking and industrials with new product offerings. The company expects DTC sales to remain relatively flat through 2026, while RV OEM growth will be driven by expanded product adoption and increased system content per unit. DRAGONFLY ENERGY HOLDINGS CORP. also expects increased revenue from existing customer relationships in industrial, commercial energy storage, and heavy-duty trucking markets. ### Related Stocks - [DFLIW.US](https://longbridge.com/en/quote/DFLIW.US.md) ## Related News & Research - [Dragonfly Energy Holdings Implements 20% Reduction In Total Payroll Expense](https://longbridge.com/en/news/279325967.md) - [Ta Yang exits loss-making UK unit but keeps London foothold via asset swap](https://longbridge.com/en/news/286588935.md) - [OMNICOM TO PRESENT AT THE J.P. 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