VISTA, Calif.--(BUSINESS WIRE)--Flux Power Holdings, Inc. (NASDAQ: FLUX), a developer of advanced lithium-ion energy storage solutions for electrification of commercial and industrial equipment, will attend the Baird 2024 Vehicle Technology & Mobility Conference being held virtually on February 29, 2024. Flux Power Chief Executive Officer Ron Dutt and Chief Financial Officer Chuck Scheiwe will conduct virtual one-on-one meetings during the conference to discuss ongoing product development and market expans ...

ONE February 8, 2024 Fiscal Second Quarter 2024 Financial Results 12 I N V E S T O R R E L A T I O N S MZ NORTH AMERICA FIVE Website fluxpower.com Fiscal Second Quarter 2024 Financial Results 13 February 8, 2024 These statements involve known and unknown risks, uncertainties, assumptions and other factors that may cause the Company's actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statemen ...

Flux Power Holdings, Inc. (FLUX) came out with a quarterly loss of $0.05 per share versus the Zacks Consensus Estimate of a loss of $0.09. This compares to loss of $0.10 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 44.44%. A quarter ago, it was expected that this company would post a loss of $0.13 per share when it actually produced a loss of $0.13, delivering no surprise.Over the last four quarters, the company has surpass ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934 FLUX POWER HOLDINGS, INC. (Exact name of registrant as specified in its charter) If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial ac ...

VISTA, Calif.--(BUSINESS WIRE)--Flux Power Holdings, Inc. (NASDAQ: FLUX), a developer of advanced lithium-ion energy storage solutions for electrification of commercial and industrial equipment, will participate in the Future of Electrification 2024 Conference taking place virtually February 7-8, 2024. Flux Power CTO Paulus Geantil will participate in the panel discussion "The Future of Battery Technology for Industrial Vehicles" on Wednesday, February 7 at 12:00 PM ET, which will bring together experts ...

There was no stock purchased under the 2023 ESPP during the quarter ended September 30, 2023. Stock-based Compensation Stock-based compensation expense for the three months ended September 30, 2023 and 2022 represents the estimated fair value of stock options and RSUs at the time of grant amortized under the straight-line method over the expected vesting period and reduced for estimated forfeitures of options and RSUs. Forfeitures are estimated at the time of grant and revised, if necessary, in subsequent p ...

Financial Data and Key Metrics Changes - Revenue for fiscal year 2023 increased by 57% to $66.3 million compared to $42.3 million in fiscal year 2022 [20][27] - Gross profit for fiscal year 2023 increased 134% to $17.1 million compared to $7.3 million in fiscal year 2022 [6][14] - Adjusted EBITDA loss decreased 74% to $3.7 million for the year ended June 30, 2023, compared to a loss of $14.1 million for the year ended June 30, 2022 [7][45] - Net loss for fiscal year 2023 decreased to $6.7 million from a net loss of $15.6 million in fiscal year 2022 [29] Business Line Data and Key Metrics Changes - Gross margin improved to 26% in fiscal year 2023 compared to 17% in fiscal year 2022, reflecting higher volume of units sold and lower cost of sales [8][14] - For Q4 2023, gross profit increased to $4.3 million compared to $3 million in Q4 2022, with gross margin at 27% compared to 20% in Q4 2022 [12][26] Market Data and Key Metrics Changes - Customer order backlog increased from $25 million to $29 million as of June 30, 2023, reflecting continued lithium adoption [21] - The company added three new customers in Q4 2023 and a total of eight new customers in fiscal year 2023 [9] Company Strategy and Development Direction - The company focuses on achieving cash flow breakeven while expanding its product lineup and service network [8][30] - Long-term strategy revolves around building scale to sell products to large fleets and exploring partnerships to leverage revenue growth [22][31] - The company is implementing AI features into its SkyBMS telematics platform to enhance fleet management and operational efficiencies [32][63] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the trajectory towards near-term profitability while balancing revenue growth and cost control initiatives [47][48] - The company anticipates continued growth driven by strong demand for sustainable energy solutions and the acquisition of new customers [31][57] Other Important Information - Research and development expenses decreased to $4.9 million in fiscal year 2023 from $7.1 million in fiscal year 2022 [15] - A new $15 million credit facility from Gibraltar Business Capital was established to support working capital needs and planned business growth [21][46] Q&A Session Summary Question: Can you provide insights on the order activity and what is driving it? - Management noted strong order activity driven by increased demand in various product lines, particularly from Delta and Air Canada, with pent-up demand from supply chain disruptions [37] Question: Can you share details about the new customers added in Q4? - Management indicated that two new customers were added in the Pacific Northwest, focusing on larger packs and expanding into adjacent markets [40][55] Question: What are the expected benefits from exploring partnership opportunities? - Management highlighted the potential for partnerships to enhance capabilities, improve technology, and expand market reach, with ongoing discussions about licensing and technology collaborations [41][75] Question: How is the company managing inventory levels? - Management mentioned efforts to reduce inventory levels and optimize cash flow, with a focus on improving inventory management practices [61] Question: What is the outlook for revenue in the upcoming fiscal year? - Management expressed cautious optimism for continued revenue growth, supported by letters of intent from major customers and the rollout of new heavy-duty models [72][88]

Common Stock, par value $0.001 per share FLUX NASDAQ Capital Market FORM 10-K ANNUAL REPORT For the Fiscal Year Ended June 30, 2023 ● our ability to keep up with rapidly changing technologies and evolving industry standards, including our ability to achieve technological advances; Except where the context otherwise requires and for the purposes of this report only: Our largest sector of penetration thus far has been the material handling sector which we believe is a multi-billion-dollar addressable market. ...

Flux Power Holdings, Inc. (NASDAQ:FLUX) Q3 2023 Earnings Conference Call May 11, 2023 4:30 PM ET Company Participants Sean Stewart - Investor Relations Ron Dutt - Chief Executive Officer Chuck Scheiwe - Chief Financial Officer Conference Call Participants Chip Moore - EF Hutton Matthew Galinko - Maxim Group Operator Greetings and welcome to the Flux Power Holdings Third Quarter Fiscal 2023 Financial Results Conference Call. At this time, all participants are in a listen-only mode. A question-and-answer sess ...

NASDAQ: FLUX May 11, 2023 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. In some cases, you can identify forward-looking statements by terms such as "may," "will," "should," "expe ...