Dragonfly Energy Holdings Corp. (NASDAQ:DFLI) Q1 2024 Earnings Conference Call May 14, 2024 5:00 PM ET
Company Participants
Denis Phares - Chief Executive Officer
Conference Call Participants
George Gianarikas - Canaccord
Chip Moore - ROTH
Brian Dobson - Chardan Capital Markets
Jeff Grampp - Alliance Global Partners
Operator
Good afternoon. My name is Jenny, and I will be your operator today for Dragonfly Energy's First Quarter 2024 Earnings Call.
The call can be accessed, along with the earnings press release, earnings presentation and SEC filings on the Investors section of the Dragonfly Energy website found at www.dragonflyenergy.com. As a reminder, this conference call is being webcast and recorded. All attendees are in a listen-only mode at this time.
During this call, the company will be making forward-looking statements based on current expectations. Actual results may differ due to factors noted in the press release and in periodic SEC filings.
Management will reference some non-GAAP financial measures. Reconciliations to the nearest corresponding GAAP measure can be found in today's release on the company's website.
I will now turn the call over to Dr. Denis Phares, Chief Executive Officer of Dragonfly Energy.
Denis Phares
Thank you, and thank you to everyone joining us today.
Ladies and gentlemen, the theme for today is, return to growth. There is no doubt that this company faced many challenges in addition to market headwinds that consumed our core markets throughout last year. But our strengths make us uniquely capable as a technology company with both revenue and large upside potential to weather historically bad economic conditions. We have demonstrated our ability to revolutionize an industry with broad adoption of our lithium batteries in RVs. And we are poised to repeat the same success in other adjacent downstream markets, including the heavy-duty trucking market.
To update on that effort, during the first quarter of 2024, we have begun to take orders for our all-electric auxiliary power unit. In addition, we have launched our new Liftgate power system. Both of these leverage our expertise in mobile alternator charging demonstrated by our Wakespeed technology. Our Liftgate system has now been implemented in the trucking operations of bottling companies through Rush Enterprises, and we are looking to expand this application to the OEM level.
Regarding the All-Electric APU, we are pleased to announce that since the beginning of the year, we have begun taking purchase orders from fleets, including dry van fleet operator, CRST; a tanker fleet operator, Oakley; as well as Ploger, S&S, Wooster, Twin City among others. The fleets are diverse in size and in application, demonstrating the versatility of the system.