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Flux Power(FLUX) - 2025 Q3 - Quarterly Results
FLUXFlux Power(FLUX)2025-05-08 20:10

Revenue Growth - Q3 2025 revenue increased 16% to 16.7millioncomparedto16.7 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,anincreaseof15.816,742,000, 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 5.3million,withgrossmarginincreasingto325.3 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 3.0millioninQ32024,primarilyduetoincreasedgrossprofit[16].−AdjustedEBITDAlossimprovedto3.0 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 1.7millioninQ32024,indicatingoperationalefficiencygains[15].−OperatinglossforthethreemonthsendedMarch31,2025,was1.7 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 2,572,000inthesameperiodof2024[34].−NetlossfortheninemonthsendedMarch31,2025,was2,572,000 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 6,089,000forthesameperiodin2024[34].CashFlowandFinancialPosition−Cashonhandwas6,089,000 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 16.0millioncreditfacility[17].−CashflowsfromoperatingactivitiesfortheninemonthsendedMarch31,2025,provided16.0 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)inthesameperiodof2024[36].−Thecompanyreportedanetcashchangeof(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)forthesameperiodin2024[36].−Totalcurrentassetsdecreasedto(1,129,000) for the same period in 2024[36]. - Total current assets decreased to 27,347,000 as of March 31, 2025, from 28,338,000asofJune30,2024[32].−Totalliabilitiesincreasedto28,338,000 as of June 30, 2024[32]. - Total liabilities increased to 34,938,000 as of March 31, 2025, compared to 32,107,000asofJune30,2024[32].−Thecompany’saccumulateddeficitincreasedto32,107,000 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)asofJune30,2024[32].ProductDevelopmentandInnovation−ThenewSkyEMSsoftwareplatformaimstocreatearecurringrevenuestreambyenhancingbatterylifemanagementthroughAIandmachinelearningfeatures[3].−FluxPowerlaunchedtheG−SeriesG96−G2HighVoltagelithium−ionenergysolution,designedfordemandinggroundsupportequipmentapplicationsintheairlineindustry[3].−FluxPowerwasawardedapatentforitsIntelligentBatteryCycleLifeMaximizationAlgorithm,enhancingitstransitiontoatechnology−drivenenergysolutionsprovider[9].OrdersandBacklog−Thecompanyreceivedpurchaseorderstotalingover(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].