Dakota Lithium

RENO – October 29, 2026 -- Dragonfly Energy Holdings Corp. (Nasdaq: DFLI) has completed the $4.0 million acquisition of substantially all operating assets of the Dakota Lithium brand, which it expects to turn accretive to Adjusted EBITDA in the fourth quarter of 2026.

Dakota Lithium generated about $12 million in 2025 revenue despite supply constraints

Based on historical financial information provided to Dragonfly, Dakota Lithium booked approximately $12 million in net revenue in 2025. That was significantly below prior-year levels, as working-capital limitations and inventory constraints materially reduced product availability.

The acquired assets include the brand and related intellectual property, product inventory, a complementary battery portfolio, and customer and distributor relationships. The deal extends Dragonfly's reach across marine, outdoor recreation, powersports, golf cart and other specialty battery markets.

RENO – October 27, 2026 -- Dragonfly Energy Holdings Corp. (Nasdaq: DFLI) narrowed its second-quarter Adjusted EBITDA loss to $1.6 million, a $3.0 million sequential improvement from the first quarter, as cost cuts took hold. Preliminary net sales of $13.2 million matched company guidance, and Adjusted EBITDA came in above it.

Cost cuts lift margins while sales fall

Gross profit was $4.3 million at a 33.0% gross margin, against $4.6 million and 28.3% in the comparison period. Lower battery and accessory unit volumes reduced gross profit, partly offset by a $1.1 million tariff refund booked in cost of sales. Operating expenses fell to $7.2 million from $7.9 million.