The following is a summary of the Dragonfly Energy Holdings Corp. (DFLI) Q2 2024 Earnings Call Transcript:

Financial Performance:

• Dragonfly Energy reported Q2 2024 net sales of $13.2 million, a decrease from $19.3 million in Q2 2023.

• Operating expenses decreased to $9.9 million from $12.5 million in Q2 2023, attributed to lower employee-related costs and professional services.

• Net loss was $13.6 million or $0.22 loss per share, compared to a net loss of $11.9 million or $0.25 net loss per share in Q2 2023.

• The company ended the quarter with $4.7 million in cash, down from $8.5 million at the end of Q1 2024.

Business Progress:

• Dragonfly Energy negotiated and finalized a brand licensing agreement with Stryten Energy for their Battle Born Batteries brand.

• The company is advancing in heavy-duty trucking, with significant improvements in idle times and no 'green premium' for fleet adoption.

• Progress in oil and gas markets by preparing for the deployment of certified power systems, in response to new EPA mandates.

• Continued R&D efforts focused on scaling up their dry electrode cell production and optimizing tech for all-solid-state cells.

Opportunities:

• The strategic partnership and licensing deal with Stryten Energy will likely drive growth through added visibility and diversified revenue streams.

• Expansion in heavy-duty trucking and oil and gas markets represents new revenue opportunities, especially driven by ongoing and emerging regulatory changes.

Risks:

• The recovery in core markets may be slow and uneven, as illustrated by the challenges and deployments in heavy-duty trucking and adverse weather impacts on key customers.

• Dependence on market acceptance for emerging tech and new market ventures poses risks concerning long-term adoption and profitability.

Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.