The Ordinary General Meeting of Shareholders of 13 May 2025 decided to distribute a dividend for the financial year 2024 and set the gross amount at EUR 1.40 per share. The net dividend, after deduction of the 30% withholding tax, amounts to EUR 0.98 per share and is payable as from 21 May 2025. Holders of dematerialised and registered shares on 20 May 2025 will receive the dividend as from 21 May 2025 as follows: The dividend of dematerialised shares will be paid automatically by the financial intermediary ...

Core Viewpoint - Flux Power Holdings, Inc. is conducting its Q3 2025 earnings conference call, indicating a focus on financial results and future outlook [1]. Group 1: Company Overview - The conference call features key company participants including the CEO, CFO, and VP of Operations, highlighting the leadership team's involvement in discussing financial performance [1][5]. - A press release detailing the financial results was issued prior to the call, emphasizing the company's commitment to transparency and investor communication [4]. Group 2: Financial Performance - The call is set to present important factors that may influence the company's predictions regarding its financial performance, indicating a proactive approach to addressing potential uncertainties [4].

REIMAGINE THE ENERGY EXPERIENCE NASDAQ: FLUX May 8, 2025 Q3 FY 2025 Financial Results Conference Call SAFE HARBOR LANGUAGE This presentation contains forward-looking statements. All statements other than statements of historical fact contained in this presentation, including statements as to the Company's future results of operations and financial position, planned products and services, business strategy and plans and objectives of management for future operations, are forward-looking statements. These sta ...

Company Performance - Flux Power Holdings, Inc. reported a quarterly loss of $0.12 per share, which was worse than the Zacks Consensus Estimate of a loss of $0.09, but an improvement from a loss of $0.16 per share a year ago, indicating a surprise of -33.33% [1] - The company posted revenues of $16.74 million for the quarter ended March 2025, exceeding the Zacks Consensus Estimate by 2.62% and showing an increase from $14.46 million in the same quarter last year [2] - Over the last four quarters, Flux Power has not surpassed consensus EPS estimates, but it has topped consensus revenue estimates twice [2] Stock Performance - Flux Power shares have increased by approximately 20.9% since the beginning of the year, contrasting with a decline of -4.3% in the S&P 500 [3] - The company's current consensus EPS estimate for the upcoming quarter is -$0.06 on revenues of $16.61 million, and for the current fiscal year, it is -$0.36 on revenues of $65.9 million [7] Industry Outlook - The Electronics - Miscellaneous Products industry, to which Flux Power belongs, is currently ranked in the bottom 40% of over 250 Zacks industries, suggesting potential challenges ahead [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which could impact Flux Power's stock performance [5]

Flux Power (FLUX) Q3 2025 Earnings Call May 08, 2025 04:30 PM ET Company Participants Krishna Vanka - CEO, President & DirectorJeff Mason - VP - OperationsKevin Royal - CFO & Corporate SecretaryKelly Frey - Chief Revenue Officer Conference Call Participants Craig Irwin - Managing Director, Senior Research AnalystLuke Persons - Research AnalystRob Brown - Founding Partner & Senior Research Analyst Operator Greetings, and welcome to the Flux Power Holdings Fiscal Third Quarter twenty twenty five Financial Res ...

Financial Data and Key Metrics Changes - Revenue for Q3 2025 increased by 16% to $16.7 million compared to $14.5 million in Q3 2024, driven by higher demand in material handling and ground support equipment markets [15] - Gross profit for Q3 2025 increased by 32.5% to $5.3 million, with gross margin rising to 32% from 28% in Q3 2024 [15][16] - Net loss for Q3 2025 was $1.9 million, an improvement from a net loss of $3.0 million in Q3 2024 [17] Business Line Data and Key Metrics Changes - Unit growth in material handling and ground support equipment markets was reported at 1025% [15] - Selling and administrative expenses increased to $5.7 million in Q3 2025 from $5.3 million in Q3 2024, primarily due to professional fees related to a multi-year restatement of financial statements [16] Market Data and Key Metrics Changes - The company is experiencing increased interest from Tier 1 customers in adopting lithium-ion solutions for distribution centers, indicating a shift towards electrification despite economic uncertainties [28] Company Strategy and Development Direction - The company has aligned five strategic initiatives: profitable growth, operational efficiencies, solution selling, product innovation, and software/recurring revenue [5][6] - The launch of the G96 solution aims to advance electrification in airline drone support equipment, positioning the company as a technology leader in clean, high-performance ground support equipment [7][19] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in maintaining operational resilience despite tariff pressures and geopolitical complexities, focusing on supplier diversification and domestic assembly capabilities [12][14] - The company anticipates minimal impact from tariff increases in Q4 2025 due to good inventory levels [40] Other Important Information - The company announced a patent award for an AI-based algorithm for Intelligent Battery Lifecycle Maximization, indicating a shift towards becoming a technology-driven energy solutions provider [9][10] Q&A Session Summary Question: Sensitivity of customers to pricing actions from tariffs - Management noted that customers are committed to their ESG goals and transformation efforts, indicating a stable business environment despite tariff impacts [22] Question: Feedback on Sky BMS and potential ROI - Management highlighted that Sky BMS is crucial for customers to realize value, with expected ROI from reduced maintenance visits and better integration with existing technologies [24][25] Question: Adoption of lithium-ion in the forklift market - Management reported increased interest from customers in adopting lithium solutions, with competitors facing challenges due to tariffs, potentially providing a market share advantage [28] Question: Changes from new sales personnel - Management indicated positive changes from new sales personnel, positioning the company as a software provider with strong battery solutions [34] Question: Deployment timeline for G96 model - Management confirmed that the G96 model is in customer testing and production, with expectations for rapid deployment in the GSE market [37]

Financial Performance - Revenues for the three months ended March 31, 2025, increased to $16,742,000, up 15.8% from $14,457,000 in the same period of 2024[17] - Gross profit for the nine months ended March 31, 2025, was $15,968,000, representing a 17.0% increase compared to $13,641,000 for the same period in 2024[17] - Operating loss for the three months ended March 31, 2025, improved to $(1,577,000), a reduction of 38.7% from $(2,572,000) in the prior year[17] - Net loss for the nine months ended March 31, 2025, was $(5,495,000), a decrease of 9.8% compared to $(6,089,000) for the same period in 2024[22] - Revenues for Q1 2025 were $16,742,000, a 16% increase from $14,457,000 in Q1 2024, driven by higher demand in material handling and ground support markets[155] - Gross profit for Q1 2025 was $5,287,000, representing 32% of revenue, up from 28% in Q1 2024, due to decreased warranty-related expenses[157] - Net loss for Q1 2025 decreased to $1,939,000 from $3,005,000 in Q1 2024, primarily due to increased gross profit[161] - Revenues for the nine months ended March 31, 2025, were $49,697,000, an increase of $2,250,000 or 5% compared to $47,447,000 for the same period in 2024[164] - Net loss for the nine months ended March 31, 2025, was $5,495,000, an improvement from a net loss of $6,089,000 in 2024[170] Cash Flow and Liquidity - Cash at the end of the period was $505,000, down from $643,000 at the beginning of the period, indicating a decrease of 21.5%[21] - The Company generated cash flows from operations of $2.2 million for the nine months ended March 31, 2025[41] - Cash flow from operating activities was $2,208,000 for the nine months ended March 31, 2025, compared to a cash outflow of $4,274,000 in 2024[177] - As of March 31, 2025, the company had a cash balance of $0.5 million and anticipated that existing resources would not be sufficient to meet capital needs for the next twelve months[176] Liabilities and Debt - Total current liabilities increased to $34,191,000 as of March 31, 2025, compared to $30,674,000 as of June 30, 2024, reflecting a 11.0% rise[15] - The Company has relied on debt and equity financing for additional funds due to insufficient revenues and operating cash flows[41] - The Company has a revolving loan facility with GBC for up to $15.0 million, maturing on July 28, 2025[49] - The Company entered into a Credit Facility Agreement with Cleveland Capital, L.P. for a line of credit of up to $2,000,000 for working capital purposes[70] - The Company had multiple drawdowns under the GBC Credit Facility totaling $46.9 million and made repayments totaling $49.7 million during the nine months ended March 31, 2025[52] - As of March 31, 2025, the outstanding balance under the GBC Credit Facility was approximately $11.0 million, with up to $5.0 million available for future borrowings[52] - The Company received a waiver for a default related to the EBITDA covenant for the trailing three-month period ended April 30, 2024, subject to certain conditions[53] - The Company paid a non-refundable closing fee of $112,500 upon the execution of the GBC Credit Facility Agreement[50] - The Company agreed to pay GBC a non-refundable amendment fee of $50,000 in cash for the Third Amendment to the Loan and Security Agreement[55] Inventory and Receivables - Accounts receivable increased slightly to $9,847,000 as of March 31, 2025, compared to $9,773,000 as of June 30, 2024[15] - Inventories decreased from $16.977 million as of June 30, 2024, to $16.433 million as of March 31, 2025[47] Operational Challenges and Strategies - The Company expects to increase selling prices of its products to offset the impact of tariffs, which may negatively affect revenues and cash flows[35] - The Company is facing uncertainties due to increased tariffs and supply chain disruptions, which may impact future operations[33] - Management is evaluating strategies to improve profitability, including planned price increases and cost-saving initiatives[45] - The company is actively pursuing alternative sourcing strategies to mitigate the impact of U.S. tariffs on imported materials, particularly from China[138] - The company experienced delays in new orders due to deferrals of forklift purchases, attributed to lower capital spending and interest rate variability[133] Legal and Compliance Issues - The company is involved in various legal proceedings, including a shareholder derivative action related to the same allegations as the securities class action[203] - The company has received a notice from Nasdaq regarding non-compliance with continued listing requirements, which could lead to delisting if not addressed[210] - The company intends to take all reasonable measures to regain compliance with Nasdaq Listing Rules and maintain its listing[211] Research and Development - The company has filed three new patents related to advanced lithium-ion energy storage solutions, focusing on optimizing battery life, enhancing user understanding of battery health, and applying artificial intelligence for predictive balancing[130] - A new partnership was announced to enhance the recycling process for end-of-life lithium-ion batteries, marking a commitment to environmental responsibility[136] - The company is expanding its telemetry solution to improve asset management and service maintenance for customers[135] Employee and Stock Compensation - The Company reported stock-based compensation of $831,000 for the nine months ended March 31, 2025, down from $1,233,000 in the same period of 2024[22] - The 2021 Equity Incentive Plan allows for the issuance of awards for up to 2,000,000 shares, with 872,039 shares available for future grants as of March 31, 2025[93] - The company had 68,228 Restricted Stock Units (RSUs) outstanding as of March 31, 2025, with a weighted average grant date fair value of $4.25[97] - The company granted no stock options during the nine months ended March 31, 2025, while the expected volatility for this period was 80.06%[95]

Revenue Growth - Q3 2025 revenue increased 16% to $16.7 million compared to $14.5 million in Q3 2024, driven by higher demand in material handling and ground support markets, with unit growth of 10% and 25% respectively[12]. - Revenues for the three months ended March 31, 2025, were $16,742,000, an increase of 15.8% compared to $14,457,000 for the same period in 2024[34]. Profitability and Loss - Gross profit for Q3 2025 rose 31% to $5.3 million, with gross margin increasing to 32% from 28% in Q3 2024, reflecting a 374 basis point improvement due to reduced warranty-related expenses[13]. - The company reported a net loss of $1.9 million in Q3 2025, an improvement from a loss of $3.0 million in Q3 2024, primarily due to increased gross profit[16]. - Adjusted EBITDA loss improved to $1.1 million in Q3 2025 from a loss of $1.7 million in Q3 2024, indicating operational efficiency gains[15]. - Operating loss for the three months ended March 31, 2025, was $1,577,000, an improvement from a loss of $2,572,000 in the same period of 2024[34]. - Net loss for the nine months ended March 31, 2025, was $5,495,000, compared to a net loss of $6,089,000 for the same period in 2024[34]. Cash Flow and Financial Position - Cash on hand was $0.5 million as of March 31, 2025, with available working capital including a $16.0 million credit facility[17]. - Cash flows from operating activities for the nine months ended March 31, 2025, provided $2,208,000, a significant improvement from cash used of $(4,274,000) in the same period of 2024[36]. - The company reported a net cash change of $(138,000) for the nine months ended March 31, 2025, compared to $(1,129,000) for the same period in 2024[36]. - Total current assets decreased to $27,347,000 as of March 31, 2025, from $28,338,000 as of June 30, 2024[32]. - Total liabilities increased to $34,938,000 as of March 31, 2025, compared to $32,107,000 as of June 30, 2024[32]. - The company’s accumulated deficit increased to $(105,207,000) as of March 31, 2025, from $(99,712,000) as of June 30, 2024[32]. Product Development and Innovation - The new SkyEMS software platform aims to create a recurring revenue stream by enhancing battery life management through AI and machine learning features[3]. - Flux Power launched the G-Series G96-G2 High Voltage lithium-ion energy solution, designed for demanding ground support equipment applications in the airline industry[3]. - Flux Power was awarded a patent for its Intelligent Battery Cycle Life Maximization Algorithm, enhancing its transition to a technology-driven energy solutions provider[9]. Orders and Backlog - The company received purchase orders totaling over $6 million from six new large North American airlines, with an open order backlog of $16.9 million as of March 31, 2025[4]. Shareholder Information - The weighted average number of common shares outstanding for the three months ended March 31, 2025, was 16,684,320, compared to 16,538,998 for the same period in 2024[34].

Core Points - The Board of Directors of Fluxys Belgium SA has invited shareholders to attend the Ordinary and Extraordinary General Meetings on May 13, 2025, starting at 2:30 PM [1] - The meetings will take place at the BNP Event Center, located at Rue Royale 20, 1000 Brussels [1] - Additional documents related to the General Meetings and the integrated annual report for 2024 are available on the Fluxys Belgium website [1]

Summary of Flux Power Holdings Fiscal First and Second Quarter 2025 Financial Results Conference Call Company Overview - **Company**: Flux Power Holdings - **Industry**: Lithium-ion energy storage solutions, focusing on ground support equipment and material handling markets Key Points and Arguments Leadership and Vision - Krishna Vanka appointed as CEO, bringing 18 years of experience in technology sectors including renewable energy and EV transition [6][7] - Emphasis on building Flux Power into a market leader in lithium-ion energy storage solutions [7] Financial Performance - **Q1 2025**: Revenue increased by 9% year-over-year to $16.1 million, driven by higher shipments in ground support equipment [8][24] - **Q2 2025**: Revenue decreased by 8% year-over-year to $16.8 million but increased by 4% sequentially from Q1 [9][26] - Gross profit for Q1 2025 rose 23% to $5.2 million, with gross margin improving to 32% from 29% in Q1 2024 [9][24] - Q2 2025 gross profit increased by 2% to $5.5 million, with gross margin at 33% compared to 30% in Q2 2024 [10][26] - Adjusted EBITDA loss improved to $600,000 in Q1 2025 from a loss of $1.2 million in Q1 2024, while Q2 2025 saw a loss of $1 million [9][10][22] Market Dynamics and Demand - Increased demand for lithium-ion solutions, particularly in ground support and material handling markets [11][35] - Anticipated growth in order flow, with a backlog of $21.2 million as of September 30, 2024, and $17.5 million as of December 31, 2024 [9][10] - Customers are increasingly interested in transitioning from lead-acid to lithium-ion batteries, with telemetry features enhancing product appeal [35][36] Product Development and Innovation - Introduction of new heavy-duty models to meet customer demand, particularly in aggressive operations [11][37] - Telemetry product, Sky BMS, in pilot stage for a Fortune 50 company, enhancing asset management capabilities [11][17] - Strategic partnership with a top forklift OEM to launch a private label battery program, enhancing product safety and durability [16] Operational Challenges and Strategic Initiatives - Experienced delays in orders due to revised timing of forklift deliveries and economic uncertainties [14] - Focus on expanding sales and marketing initiatives to capitalize on fleet-wide replacement trends [14][15] - No known lost customers or orders to competition, indicating strong market position [15] Financial Outlook - Q3 2025 revenues expected to align with Q2 results, with a stronger trajectory anticipated in Q4 [29][55] - Positive cash flow anticipated in Q4 2025, with revenue growth projected between 5% to 10% [30][55] - Continued focus on cost reductions and strategic supply chain improvements to enhance profitability [22][23] Customer Engagement and Market Position - Achieved deployment of over 25,000 lithium-ion packs across North America, with strong customer retention [15][18] - New accounts secured in various sectors, including medical supply and food and beverage industries [19][20] - Emphasis on proactive demand generation and solution selling to enhance market penetration [58] Software and Telemetry Revenue Potential - Potential for software revenue generation from telemetry data, with aspirations to make it a material part of the revenue mix [67][69] Additional Important Content - The company has implemented measures to rectify inventory accounting issues and is now caught up with financial filings [29] - The leadership team has been strengthened with key appointments to drive growth and innovation [12][31] This summary encapsulates the critical insights and developments discussed during the conference call, highlighting Flux Power's strategic direction, financial performance, and market opportunities.