Dragonfly Energy Restructures to Improve Profitability and Growth
Dragonfly Energy (DFLI) announced a restructuring plan to improve profitability and growth, reporting a 16% increase in full-year revenue to $58.6 million and a 34% rise in OEM sales. The company also cut annualized operating expenses by $8.9 million and aims for positive adjusted EBITDA at a $70 million revenue run rate.
Tickers: $DFLI
Topics: battery technology cost savings OEM sales profitability restructuring