Exhibit 99.1 Flux Power Reports Fiscal Full Year 2024 Financial Results Continued Demand Across the Portfolio as Flux Diligently Follows Growth and Profitability Roadmap Restatement of Previously Filed Financial Statements Complete. No Impact to Cashflow Management to Host Conference Call in Conjunction with Q1 & Q2 FY2025 Financial Results Upon Filing Related Forms 10-Q with the Securities and Exchange Commission Vista, CA — January 29, 2025 — Flux Power Holdings, Inc. (NASDAQ: FLUX), a developer of advanc ...

Inventory Management and Accounting Errors - The company identified approximately $1.2 million of excess and obsolete inventory due to a change in battery cells, resulting in an overstatement of inventories[21] - The company also discovered an overstatement of inventories of approximately $0.5 million related to improperly accounted loaner service packs[21] - The company plans to restate its audited consolidated financial statements for the fiscal years ended June 30, 2023, and 2022 due to material accounting errors[20] - The company has initiated an internal investigation to address the accounting errors identified in the financial statements[22] - The company plans to enhance its inventory management and reporting processes to prevent future misstatements[29] Financial and Operational Challenges - The company incurred substantial unanticipated costs for accounting, legal, and consultancy fees related to the restatements and internal investigations[15] - The company is dependent on the growth in demand for its products and the ability to manage working capital efficiently[15] - The company faces risks related to compliance with credit facility agreements and potential legal proceedings affecting its operations[15] Internal Control and Leadership Changes - The company has engaged a new Chief Financial Officer with over 20 years of experience to strengthen internal financial expertise[28] - The company is taking steps to remediate identified material weaknesses in its internal control over financial reporting[31]

NEW YORK, Dec. 30, 2024 /PRNewswire/ -- Why: Rosen Law Firm, a global investor rights law firm reminds purchasers of securities of Flux Power Holdings, Inc. (NASDAQ: FLUX) between November 11, 2022 and September 30, 2024, both dates inclusive (the "Class Period"), of the important December 31, 2024 lead plaintiff deadline in the securities class action first filed by the Firm.So what: If you purchased Flux Power securities during the Class Period you may be entitled to compensation without payment of any ou ...

NEW YORK, Dec. 29, 2024 (GLOBE NEWSWIRE) -- WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of Flux Power Holdings, Inc. (NASDAQ: FLUX) between November 11, 2022 and September 30, 2024, both dates inclusive (the “Class Period”), of the important December 31, 2024 lead plaintiff deadline in the securities class action first filed by the Firm. SO WHAT: If you purchased Flux Power securities during the Class Period you may be entitled to compensation without payment of ...

NEW YORK, Dec. 26, 2024 (GLOBE NEWSWIRE) -- WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of Flux Power Holdings, Inc. (NASDAQ: FLUX) between November 11, 2022 and September 30, 2024, both dates inclusive (the “Class Period”), of the important December 31, 2024 lead plaintiff deadline in the securities class action first filed by the Firm. SO WHAT: If you purchased Flux Power securities during the Class Period you may be entitled to compensation without payment of ...

NEW YORK, Dec. 20, 2024 /PRNewswire/ -- Pomerantz LLP announces that a class action lawsuit has been filed against Flux Power Holdings, Inc. ("Flux" or the "Company") (NASDAQ: FLUX). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, (or 888.4-POMLAW), toll-free, Ext. 7980. Those who inquire by e-mail are encouraged to include their mailing address, telephone number, and the number of shares purchased.The class action concerns whether Flux and certain of its officers ...

NEW YORK, Dec. 13, 2024 (GLOBE NEWSWIRE) -- The law firm of Kirby McInerney LLP announces that a class action lawsuit has been filed in the U.S. District Court for the District of Nevada on behalf of those who acquired Flux Power Holdings, Inc. (“Flux Power” or the “Company”) (NASDAQ: FLUX) securities during the period of November 11, 2022 to September 30, 2024, inclusive (“the Class Period”). Investors have until December 31, 2024, to apply to the Court to be appointed as lead plaintiff in the lawsuit. [Cl ...

NEW YORK, Dec. 13, 2024 /PRNewswire/ --Why: Rosen Law Firm, a global investor rights law firm reminds purchasers of securities of Flux Power Holdings, Inc. (NASDAQ: FLUX) between November 11, 2022 and September 30, 2024, both dates inclusive (the "Class Period"), of the important December 31, 2024 lead plaintiff deadline in the securities class action first filed by the Firm.So what: If you purchased Flux Power securities during the Class Period you may be entitled to compensation without payment of any out ...

SAN DIEGO, Dec. 02, 2024 (GLOBE NEWSWIRE) -- Robbins LLP reminds investors that a class action was filed on behalf of all persons and entities that publicly traded Flux Power Holdings, Inc. (NASDAQ: FLUX) securities between November 11, 2022 and September 30, 2024. Flux Power “designs, manufactures, and sells advanced lithium-ion energy storage solutions for electrification of a range of industrial and commercial sectors including material handling, airport ground support equipment (GSE), and stationary ene ...

Faruqi & Faruqi, LLP Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses Exceeding $75,000 In Flux Power To Contact Him Directly To Discuss Their Options If you suffered losses exceeding $75,000 in Flux Power between November 11, 2022 and September 30, 2024 and would like to discuss your legal rights, call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310). [You may also click here for additional information] NEW YORK, Nov. 22, 20 ...