Quarterly ResultMay 14, 2026, 04:19 PM
Dragonfly Energy Q1 Net Sales $9.7M; Guides Q2 Sales $13.2M
AI Summary
Dragonfly Energy reported first-quarter 2026 net sales of $9.7 million and an Adjusted EBITDA loss of $4.6 million, reflecting softer RV market demand. Following the quarter, the company secured a significant $3 million purchase order from Stevens Transport for nearly 500 trucks. The company also announced cost reduction actions and anticipates Q2 2026 net sales of $13.2 million and an Adjusted EBITDA loss of $1.9 million, expecting sequential improvement.
Key Highlights
- Q1 2026 net sales were $9.7 million, a 27.3% decrease year-over-year.
- Q1 2026 Adjusted EBITDA was a loss of $4.6 million.
- Net Loss Attributable to Common Shareholders was $(7.7) million, or $(0.64) per diluted share.
- OEM net sales were $5.8 million, and DTC net sales were $3.7 million in Q1 2026.
- Stevens Transport placed a post-quarter-end purchase order valued at over $3 million for nearly 500 trucks.
- Q2 2026 net sales are guided to approximately $13.2 million, a 36% sequential increase.
- Q2 2026 Adjusted EBITDA is guided to a loss of approximately $1.9 million, a $2.7 million sequential improvement.
- Received over $500,000 in non-dilutive Nevada Tech Hub funding for battery development.