Good afternoon, ladies and gentlemen, and welcome to the Dragonfly Energy fourth quarter earnings call. At this time, all lines are in listen-only mode. Following the presentation, we will conduct a question-and-answer session. If at any time during this call you require immediate assistance, please press star zero for the operator. This call is being recorded on Monday, March 24, 2025. I would now like to turn the conference over to Mr. Szymon Serowiecki of Investor Relations. Thank you. Please go ahead. Thank you, Operator, and good afternoon, everyone. We appreciate you joining us for today's call. Joining me here are Dr. Denis Phares, Dragonfly Energy's Chairman, President and Chief Executive Officer, and Wade Seaburg, Chief Commercial Officer. Before I turn the call over to Denis, I would like to make a brief statement regarding forward-looking remarks. During this call, the company will be making forward-looking statements within the meaning of the United States Private Securities Litigation Reform Act of 1995, based on current expectations. These forward-looking statements are subject to risks, uncertainties, and other factors which could cause actual results to differ materially from those expressed or implied by such forward-looking statements. 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 for its release on the company's website. Please note that all comparisons will be discussed today on a year-over-year basis unless otherwise noted. I'll now turn the call over to Denis. Thank you, Szymon, and thank you, everyone, for joining us for today's call. Before discussing our fourth quarter results, I'd like to highlight key developments in early 2025 that I believe will strengthen our position for continued growth and accelerate our path towards achieving positive adjusted EBITDA by year-end. First, we successfully negotiated a debt restructuring with our lenders, significantly enhancing our financial flexibility. This milestone eliminates all covenants except for a monthly liquidity requirement through June 30, 2026, and extends the debt maturity to October 2027. Importantly, this action will reclassify our debt as long-term from its current short-term designation on the balance sheet. Additionally, we strengthened our balance sheet by raising additional capital through a preferred stock offering. Together, we believe these actions provide Dragonfly Energy with the capital and financial flexibility needed to capitalize on our significant growth opportunities and position the company for a much stronger financial standing by year-end. We also have recently launched a corporate optimization program designed to focus our resources on near-term revenue-generating opportunities and accelerate our path to profitability. This initiative is being led in collaboration with Province, a nationally recognized advisory firm specializing in strategic, operational, and financial advisory services. Through this effort, we are temporarily shifting investments from longer-term R&D efforts to near-term revenue-driving actions such as new product development, allowing us to capitalize on momentum in the RV, trucking, and industrials markets while improving operational efficiency and positioning the company for sustained profitability. As part of this strategic effort, we have also promoted Dr. Vik Singh to Chief Operating Officer. With a background in materials science, chemical engineering, and large-scale research initiatives, Dr. Singh has played a pivotal role in optimizing company-wide structures, improving efficiencies, and streamlining manufacturing processes. His expertise in structuring teams and driving operational excellence makes him well-qualified to oversee the execution of this program and drive broader efficiencies across the company. We believe this strategic undertaking will enable us to prioritize near-term revenue generation, strengthen relationships with existing and potential partners, and establish the financial foundation necessary to support our long-term vision, including continued advancements in our dry electrode technology. Moving on to the fourth quarter, I am pleased to report that total revenue grew 17%, driven by a significant increase in sales to our OEM customers. This strong result marked our first quarterly year-over-year revenue growth in the last two years. While the overall RV market continues to face challenging conditions, we have made substantial progress in expanding our industry footprint through both OEM growth and key strategic partnerships. In addition to continued expansion with our OEM customers, we have significantly strengthened our distribution network by partnering with Keystone Automotive, NTP- STAG, Seawide, and Meyer Distributing. These partnerships provide RV and marine dealers with easier access to our products, expanding our potential customer reach and strengthening our market presence. Looking at near-term trends in the RV market, we are seeing encouraging signs of increased adoption as manufacturers reintegrate add-on and premium products into their units at the factory level. This marks an important reversal from prior years when cost-cutting measures led some manufacturers to decontent or opt for lower-cost alternatives. This positive shift is particularly notable given the ongoing challenges in the broader RV market and suggests a renewed focus on delivering higher-value offerings to consumers. Throughout the year, we have made significant strides in diversifying our end markets and revenue streams beyond the RV sector, with a key focus on expanding our presence in the large and growing trucking industry. We believe our partnerships with fleets such as Stevens Transport and Highway Transport serve as strong validations of Dragonfly Energy's exceptional quality and reliability. These fleets conducted rigorous testing processes, allowing us to demonstrate the real-world cost benefits and durability of our solutions. Following successful evaluations, these operators have committed to fleet-wide implementation of our batteries, reinforcing the strength of our value proposition. Over the past two years, we have strategically positioned ourselves for this growth opportunity by developing tailored offerings, navigating stringent industry regulations, and conducting initial trials with select fleet operators. Today, our partners are moving beyond the testing phase into commercial rollouts with a clear vision toward full-scale fleet integration. With a strengthened financial foundation, we believe we are well-positioned to capitalize on this momentum and support our partners as they transition toward implementation. Given increasing order activity in this sector, we expect significant revenue contributions in 2025, driven by deeper penetration with existing partners and new business opportunities. We have also gained potential exposure to additional markets through our brand licensing and contract manufacturing agreement with Stryten Energy, which provides access to the military, automotive, marine, power sports, lawn and garden, and golf cart sectors. This collaboration further diversifies our customer base and revenue opportunities. We continue to work closely with Stryten's team to refine our approach and accelerate market entry. As we expand into new verticals, we will apply the same strategic discipline that has fueled our success in the RV and trucking industries, ensuring steady and sustainable growth across our diversified portfolio. With that, I'll turn the call over to Wade, who will provide a deeper look at the opportunities ahead in our heavy-duty trucking sector, which we expect to be a significant growth driver this year. Thank you, Denis, and thank you, everyone, for joining us today. I'd like to highlight the significant opportunities ahead for Dragonfly Energy, particularly in the heavy-duty trucking market. Heavy-duty trucking represents a substantial addressable market opportunity for Dragonfly Energy, and we are seeing strong momentum in our commercial expansion now that fleets have resumed new vehicle orders following a multi-year capacity correction. Our solutions are designed to tackle key challenges faced by both drivers and fleet operators. For drivers, our technology provides reliable power for climate control and hotel loads during mandatory rest periods, ensuring a more comfortable and restful sleep. This directly reduces the risks associated with driver fatigue, enhancing safety while also improving driver satisfaction and retention, a critical factor in an industry facing ongoing workforce shortages. We estimate 40%-50% of heavy-duty trucking operations currently do not utilize an auxiliary power unit, instead relying on engine idling during rest periods. This practice leads to significant operational inefficiencies, including shortened engine life, increased downtime for more frequent repairs, and higher battery replacement costs due to excessive jump starts. These challenges directly impact the bottom line for operators, who have historically accepted idling as an unavoidable cost of doing business. We believe Dragonfly Energy's innovative lithium-powered solutions change this paradigm entirely. Our systems provide reliable auxiliary power for appliances and electronics, eliminating unnecessary engine idling. They operate silently, produce zero emissions, and require minimal maintenance, offering a cost-effective and sustainable alternative. Feedback from customers deploying our solutions has consistently demonstrated substantial improvements in idle time, with many fleets eliminating idling entirely during the mandatory 10-hour rest period. In other cases, we have reduced idling from the mid-30% range to low single digits. By implementing our technology, fleet operators can significantly lower fuel expenses, reduce maintenance costs, and increase uptime, all while ensuring the driver comfort and rest. As Denis noted, we have been strategically laying the groundwork in this industry for over two years, taking a measured approach that includes initial testing and pilot programs with engaged fleet operators. These partnerships have validated the value proposition of our solutions, and we are now working with select operators to advance into commercial rollouts. Our approach to the trucking industry follows the same proven strategy that has driven our success in the RV market. Rather than taking a traditional top-down approach targeting major manufacturers first, Dragonfly Energy engages directly with end users, fleet operators who experience the challenges of idling firsthand. As these operators recognize the economic and operational benefits of our solutions, they become advocates for standardization across the industry, driving momentum with truck OEMs. This approach has already proven successful in the RV sector, where we have transitioned from an aftermarket solution to an increasingly standard OEM feature. By following this model, each satisfied fleet operator becomes a catalyst for broader adoption throughout the trucking ecosystem. As you can tell, I'm very excited about the tremendous opportunity in the large and growing heavy-duty trucking sector. We feel strongly that Dragonfly Energy has the right solution for the industry. Our customers are at an important commercial inflection point, which we believe will drive meaningful revenue growth in this market in 2025. I will now turn the call back to Denis to review our financial results. Thank you, Wade. I will now provide a review of our fourth quarter as well as a more detailed outlook for the first quarter of 2025. Net sales increased 17% to $12.2 million, led by 61% growth in OEM sales, partially offset by a decline in DTC sales. OEM sales increased to $6.2 million from $3.9 million, driven by increased adoption of current products as we ramped up partnerships and acquired new business. We have also seen solid uptake of new products from our OEM customers. Our DTC segment generated net sales of $5.7 million, down from $6.6 million, reflecting ongoing macroeconomic pressures. Gross profit rose 12.5% to $2.5 million, with a gross profit margin of 20.8%. Gross margin declined 80 basis points year -over -year due to higher material costs and a mix shift to lower margin OEM customers. Operating expenses were $6.3 million compared to $5.4 million in the fourth quarter of 2023 due to higher G&A and R&D costs. We also incurred expenses related to the consolidation into our new 400,000 sq ft facility, a strategic relocation that is expected to drive long-term operational efficiencies. Net loss was $9.8 million, representing a diluted net loss of $1.39 per share. This compares to net income of $3.3 million, with diluted earnings per share of $0.50. Adjusted EBITDA was negative $2.3 million, below the negative $1.8 million reported last year. Moving on to our outlook, for the first quarter of 2025, we expect net sales to be approximately $13.3 million and adjusted EBITDA to be approximately negative $3.8 million. For the full year, we expect to achieve positive adjusted EBITDA by the fourth quarter, led by a resumption of revenue growth and our corporate optimization program. I'd like to conclude by reaffirming our confidence and excitement for 2025. The financial initiatives we implemented earlier this year, combined with our sharp operational focus on near-term revenue growth and profitability, have significantly strengthened our financial and operating positions. At the same time, the momentum in our diversification efforts, particularly in trucking and other industrial markets, reinforces the strong growth opportunities ahead. With these strategic advancements, we believe Dragonfly Energy is well-positioned to fully capitalize on its potential and drive meaningful value for our shareholders. Operator, we would like to open the call to questions. Thank you. Ladies and gentlemen, we will now begin the question and answer session. Should you have a question, please press star followed by the one on your telephone keypad. You will hear a prompt that your hand has been raised, and should you wish to cancel your request, please press star followed by the two. If you're using a speakerphone, please lift the handset before pressing any keys. One moment, please, for your first question. Your first question comes from the line of George Gianarikas from Canaccord Genuity. Please go ahead. Hi, good afternoon. Thank you for taking my questions. Hi, George. I'd like to focus on your target of EBITDA profitability by the fourth quarter. Just to be clear, does that include the entire fourth quarter or at some point in the fourth quarter? We expect the fourth quarter to be the entire fourth quarter to be adjusted EBITDA positive. Assuming that implies some revenue growth, sequential revenue growth from the first quarter to the fourth quarter, what are the contingency plans in case the market does not pick up as you expect and some of the programs get pushed out? I am just wondering if you could give us some sort of confidence interval around getting to that number, regardless of macroeconomic development. Thanks for that question, George. This is not sort of a, "We have to hit that number." We're just looking at our projections given the new opportunities we have in the trucking and industrials markets, as well as the growth that we see in the RV market, especially within our existing customer base. It is not something that we've said, "We need contingency plans." It is something that we're expecting is going to happen because of the pipeline that we see. Okay. Maybe to switch gears to the dry manufacturing business, I'm curious if you can give us any update, any progress there, customer, potential customer discussions, strategic discussions, etc. Yeah. Thanks for that question, George. It's obviously something that is always front of mind. This is obviously something that we believe to be a significant value driver for this company, and it is something that we continue to spend a lot of our efforts on. What we have done is really focus on the electrode tapes themselves, that is, the anode and the cathode. The pivot that we've been making lately is from trying to produce these cells in-house to really focusing on customers that can take the electrodes and produce the cells themselves. We've got a lot of data in-house on the mechanical properties of the cells and actually the chemical properties and electrochemical properties at the coin cell and single layer pouch cell level. Because we don't have the in-house capabilities to produce the larger scale format cells, we're really focusing on customers that can take what we have and produce cells from those tapes that we're able to give them. Consequently, we're able to refocus some of our resources on the near-term revenue drivers that we feel is critical for this business in terms of revenue growth and market viability. Maybe last question from me, just in terms of potential tariff impact. Have you fully baked that into your profitability guidance for the fourth quarter? Thank you. Yeah, we have. The tariff impact, as it turns out, we have a lot of non-tariffable costs in terms of our labor and our overhead and some of the components that we don't source overseas. I would say from a% standpoint, the tariff effect on us is lower than it is generally in the industry, but it is something that obviously we've had to deal with, go to our upstream suppliers and work with them, go to our downstream customers. It is something that we've had to bake into our projections, but obviously it's something that we're able to work around, and fortunately, we don't feel it's a huge impact on our business compared to the rest of the industry. Thank you. Thank you, George. Thank you. Your next question comes from the line of Chip Moore from Roth Capital Partners. Please go ahead. Thanks for taking the question. Yeah, I was wondering, maybe it sounds like you feel pretty good about the revenue funnel this year, what you're seeing in terms of potential opportunities. Maybe just a little bit, if you could expand on, I guess, particularly in RV, around recontenting and some of the trends in that market, particularly with some of the uncertainties, just more broadly in terms of macro, what you're seeing there. Yeah. Sure. Thanks, Chip. This way, I'll take that question. Wade, you there? I can't hear you. Yeah. Sorry, Chip. Can you hear me all right? Yeah. Yeah. I hear you now. Okay. Great. What we're seeing—sorry, I had my line on mute there. What we're seeing from an overall macro perspective is still in line with what the RVIA is putting out there, which is a modest 5%-10% growth across the industry. What we're seeing from our window into the market is wider adoption of our products across our core customers' platforms. They're putting lithium products onto more models, and models that we were on already, they're expanding those platforms. We're also seeing people wanting—OEMs specifically wanting to get a little bit more maybe sophisticated with their approach to energy storage and calling us because we've done it more than anybody else in that industry specifically. It is exciting because we're seeing some of that content come back into the OEMs, and we're seeing them take ownership over that customer experience, and that's what our products really enable them to do. Got it. So safe to assume it sounds like you think you can comfortably outperform that forecast with some of the trends and then. Yep. Right. Yep. Right. To layer on top of that, I think I heard you say around auxiliary power in particular that we should look for a larger contribution this year. I know it's a small base, but in terms of materiality there, any way to think about how much that could contribute? I imagine that's some of the same dynamics around some of the uncertainties out there as well. It's exciting that the trucking market is starting to come back just a little bit, right? We're seeing some rates start to come back up. We attended TMC, the big trucking maintenance conference, this last couple of weeks, and it was higher attended than it had been in years past, which was very encouraging. As far as estimates there, it's really indicative on our customers on how they decide to roll those out commercially as to what that growth looks like. The engagement that we're having and the number of trials and the number of engagements going from one or two trucks to 100 trucks to then 1,000 trucks is happening. That part is extremely encouraging because the market is extremely fragmented. There are thousands of operators out there with a couple hundred trucks in their organization, and they really take the lead from the larger organizations that have R&D and engineering teams to be able to evaluate new technologies within the transportation market. As we knock down some of these leaders and bring them into the Dragonfly customer base, it will speak volumes for the industry. Great. Maybe if I could just get one last one in, just the Stryten licensing deal, just any update there and how to think about maybe new market areas that you might go after there as well. Thanks. Yeah. Thank you, Chip. The Stryten relationship has been pretty strong and active since we signed the deal last July. Honestly, it really has focused on product development, on establishing our internal efficiencies, and making sure that we're able to produce the products that they're interested in because there is a contract manufacturing component to that deal as well. It does take some time, and we're not expecting anything meaningful in the short term. This is something that we'll really start to look at in terms of meaningful revenue, I think, starting 2026, if not later in 2025. It's not something that we're really projecting to be meaningful this year. It is an active relationship. Since they are different markets, we're talking about things like golf cart and lawn and garden that we haven't been really involved in in the past. There is some product development associated with that, and that's sort of the time constant we're dealing with. Great. Thank you very much. Thank you. There are no further questions at this time. I will now hand the call back to Mr. Denis Phares for any closing remarks. Thank you, Operator. In closing, I would like to thank our employees, customers, and stockholders for their continued support. Thank you. This concludes today's call. Thank you for participating. You may all disconnect.