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].
Flux Power(FLUX) - 2025 Q3 - Quarterly Results