Core Insights - Flux Power Holdings, Inc. reported a temporary decline in customer orders due to tariff uncertainties and macroeconomic caution, but anticipates a rebound in orders in the second quarter, including significant contracts with major airline customers [3][4]. Financial Performance - Revenue for the first fiscal quarter of 2026 was $13.2 million, down from $16.1 million in the same quarter of 2025, representing a decrease of approximately 18% [5]. - Gross profit for the quarter was $3.8 million, or 28.6% of revenue, compared to $5.2 million, or 32.4% of revenue, in the prior year [5]. - Operating loss increased to $2.2 million from a loss of $1.2 million year-over-year [6]. - Net loss for the quarter was $2.6 million, or ($0.15) per share, compared to a net loss of $1.7 million, or ($0.10) per share, in the first quarter of 2025 [7]. Business Highlights - The company secured $13.8 million in new capital through public equity offerings and private placements, enhancing its financial position [4][9]. - Flux Power graduated its SkyEMS 2.0 SaaS platform from beta to production, attracting multiple paying customers [8]. - The company received UL EE Listing for its material handling portfolio, opening a new $1 billion total addressable market across various industries [8]. Balance Sheet Overview - As of September 30, 2025, cash was reported at $1.6 million, with additional capital raised post-quarter-end amounting to approximately $12.6 million [9][21]. - Total current assets decreased to $26.96 million from $31.80 million in the previous quarter [21]. - Total liabilities were reported at $33.02 million, down from $40.16 million [21]. Market Position - Flux Power now supplies eight major North American airline carriers, doubling its customer base in the airline sector [8]. - The company continues to focus on cost reductions and operational efficiencies to achieve profitability [4][8].