Shares rallied 13.8% as Dragonfly delivered better-than-expected adjusted EBITDA and showcased initial revenue momentum in heavy-duty trucking, marking a key commercial inflection after years of pilot programs.
- Adjusted EBITDA improved by $3 million sequentially, driven by cost actions implemented earlier in the year.
- Heavy-duty trucking segment contributed approximately $0.5 million in Q2 revenue, with expectations to more than double in Q3 to $1.3 million.
- Acquisition of Dakota Lithium’s assets expands product portfolio and market reach, with $12 million in 2025 net revenue and anticipated accretive impact to EBITDA by Q4.
- Amendments to term loan agreement provide enhanced liquidity and financial flexibility through mid-2027.
- Company continues to strengthen IP position with new patent allowances in Japan supporting solid-state battery technology.
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