SkyEMS 2.0 software platform

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What's Going On With Flux Power Stock Wednesday?
Benzingaยท 2025-09-17 20:24
Financial Performance - Flux reported an adjusted loss of $0.03 per share, beating the consensus estimate of a $0.09 loss [1] - The company achieved sales of $16.73 million, surpassing the consensus estimate of $16.46 million [1] Business Developments - The company secured a purchase order valued at over $2 million from a major North American airline for its redesigned G80-420 lithium-ion battery pack [2] - An additional order worth $1.2 million was obtained from another airline for G80 energy solutions supported by the SkyEMS software platform [2] Innovations and Recognition - Flux announced a new patent for battery charge balancing technology aimed at enhancing performance and reducing downtime [3] - The company launched the SkyEMS 2.0 software platform in beta with an airline customer, with plans for a broader rollout [3] - Flux was recognized among the Financial Times' fastest growing companies in the Americas for 2025 [3] - The company closed a $5 million private placement of prefunded and common warrants to strengthen its balance sheet [3] Stock Performance - Flux shares closed 11.75% lower at $2.78 [4]