Company Overview - Flux Power is based in Vista, California, and specializes in designing and manufacturing lithium-ion battery packs and energy management systems, which include firmware for battery control and a cloud-based SaaS platform for remote monitoring and control of batteries [2]. Industry Applications - The advanced lithium-ion battery packs produced by Flux Power are utilized in two primary industries: material handling, specifically in forklifts used in warehouses, and airport ground service equipment, such as tugs for luggage transport and vehicles for pushing airplanes back [2]. Vision and Strategy - The company's vision focuses on collaborating with customers and partners to enhance their operations and efficiency [3].

Summary of Flux Power Holdings Inc. Conference Call Company Overview - **Company Name**: Flux Power Holdings Inc. - **Industry**: Lithium-ion battery manufacturing - **Location**: Vista, California - **Products**: Lithium-ion battery packs, energy management systems, cloud-based SaaS platform for battery monitoring and control [2][3] Core Business Segments - **Material Handling**: Primarily used in forklifts across warehouses - **Airport Ground Support Equipment (GSE)**: Powers vehicles like tugs and pushback trucks at airports [3] Strategic Vision - Transition customers from lead-acid to lithium-ion batteries for improved productivity and ROI - Focus on operational efficiencies and profitability through new leadership and strategic objectives [4][7] Leadership Changes - New leadership team introduced to drive growth and profitability - Key members include: - **Krishna Vanka**: CEO with experience in battery and charging infrastructure - **Kevin Royal**: CFO with extensive experience in publicly traded companies - **Kelly Frey**: Chief Revenue Officer focusing on customer engagement and sales [4][6][7] Financial Performance - Revenue has stagnated between $60-$67 million over the last three years - Break-even point estimated at $16 million in revenue - Recent quarter saw a decline to $13.2 million due to tariffs impacting customer orders [20][21] Market Opportunity - **Material Handling Battery Market**: Estimated at $2.5 billion in 2025, growing at 9% - **GSE Market**: Projected to be a $5 billion business in the next year, growing at 7.8% - Current lithium-ion adoption in the forklift industry is only 15%-20%, indicating significant growth potential [15][17][16] Product Development and Innovation - Focus on modular product design to enhance scalability and efficiency - Recent patents awarded for AI-driven energy optimization and advanced battery management systems [13][14] - Introduction of intelligent batteries with remote monitoring capabilities [10][14] Customer Segments - Diverse applications across industries including food and beverage, retail, manufacturing, and airport GSE - Notable customers include major airlines and companies like Amazon and Caterpillar [18] Challenges and Future Outlook - Impact of tariffs has created uncertainty in order cadence, but signs of normalization are emerging - Plans to enhance gross margins through supply chain improvements and product redesign [21][24] - Anticipation of increased demand as customers transition to lithium-ion solutions [23][26] Conclusion - Flux Power is positioned for growth in the lithium-ion battery market with a strong focus on operational efficiency and customer engagement - The leadership team is committed to achieving profitability and capitalizing on the growing market demand for lithium-ion solutions [32]