Financial Data and Key Metrics Changes - Revenue for Q4 2025 was $16.7 million, up from $13.4 million in Q4 2024, while full-year revenue increased to $66.4 million from $60.8 million [15] - Gross margin in Q4 2025 improved to 34.5% from 26.8% in Q4 2024, and full-year gross margin rose to 32.7% from 28.3% [15] - Net loss for Q4 2025 was $1.2 million, or $0.07 per share, compared to a net loss of $2.2 million, or $0.13 per share in Q4 2024 [16] - Full-year net loss was $6.7 million, or $0.40 per share, down from a net loss of $8.3 million, or $0.50 per share in 2024 [16] Business Line Data and Key Metrics Changes - Increased sales for full-year 2025 were driven by higher volume in both material handling and ground support equipment markets, with higher average selling prices in the GSE market [15] - The company shipped over 28,000 battery packs, indicating significant market penetration [10] Market Data and Key Metrics Changes - The company received a significant purchase order for 120 units of the G80 420 lithium-ion battery pack worth over $2 million from a major North American airline [9] - An additional order of over $1.2 million was received for a G80 lithium-ion energy solution along with the SkyEMS software platform [9] Company Strategy and Development Direction - The company is focused on five strategic initiatives: achieving profitable growth, executing operational efficiency, implementing a solution selling approach, building the right products for customer needs, and integrating value-added software across the battery portfolio [5] - The management team is committed to a solutions-based sales approach to increase customer value [19] Management's Comments on Operating Environment and Future Outlook - The current tariff and macroeconomic environment create uncertainty, but the growth of sales opportunities and strategic initiatives provide optimism for the latter part of the fiscal year [19] - Management acknowledged the need for ongoing improvements to achieve profitability and cash flow breakeven [6] Other Important Information - The company has implemented operational efficiencies, including a 15% reduction in headcount across all segments except Sales and Marketing to reduce ongoing operating expenses [7] - The SkyEMS AI platform is progressing well, with beta testing access provided to an airline customer [8] Q&A Session Summary Question: Can you discuss the strong gross margin expansion in the quarter? - Management noted that initiatives to improve product input costs and lower warranty costs contributed to the gross margin improvement [22] Question: How has the beta rollout of SkyEMS 2.0 been received? - The new version was designed with customer feedback in mind, focusing on efficiency and usability, and initial feedback has been positive [23] Question: What does the pipeline look like and what is the backlog number? - The current backlog is approximately $9 million, with an increase in quoting activity expected to drive future growth [30] Question: What is driving the recent airline orders? - The orders are driven by redesigned products that are more efficient and the integration of software solutions [38] Question: What is the dynamics of the improving order activity? - The increase in quoting activity is attributed to customers releasing capital for purchases after understanding the tariff impacts [42]

Financial Data and Key Metrics Changes - Revenue for Q4 2025 was $16.7 million, up from $13.4 million in Q4 2024, representing a year-over-year increase of approximately 24.6% [14] - Full-year 2025 revenue increased to $66.4 million from $60.8 million in 2024, reflecting a growth of about 9.2% [14] - Gross margin in Q4 2025 improved to 34.5% from 26.8% in Q4 2024, while full-year gross margin rose to 32.7% from 28.3% [14] - Operating expenses for Q4 2025 were $6.5 million, compared to $5.4 million in Q4 2024, with full-year operating expenses increasing to $26.8 million from $23.8 million [15] - The net loss for Q4 2025 was $1.2 million, or $0.07 per share, an improvement from a net loss of $2.2 million, or $0.13 per share in Q4 2024 [15] - Full-year net loss was $6.7 million, or $0.40 per share, compared to a net loss of $8.3 million, or $0.50 per share in 2024 [15] - Adjusted EBITDA for Q4 was positive $600,000, compared to negative $1.2 million in the same quarter a year ago [16] Business Line Data and Key Metrics Changes - Increased sales in both material handling and ground support equipment markets contributed to revenue growth [14] - A significant purchase order for 120 units of the G80 420 lithium-ion battery pack was received, valued at over $2 million, indicating strong demand in the ground support equipment sector [8] - An additional order of over $1.2 million for a G80 lithium-ion energy solution along with the SkyEMS software platform was secured, showcasing the success of the solution selling strategy [8] Market Data and Key Metrics Changes - The company is focusing on expanding its market presence in North and Central America, leveraging its strong foothold in the United States [11] - The quoting activity has increased significantly, indicating a positive trend in customer engagement and potential future orders [12] Company Strategy and Development Direction - The company is committed to achieving profitable growth, operational efficiency, and integrating value-added software across its battery portfolio [5] - The strategic initiatives include implementing a solution selling approach and building products tailored to customer needs [5] - The management team is focused on enhancing partnerships with customers, dealers, and OEM sales teams to drive long-term growth [10] Management's Comments on Operating Environment and Future Outlook - The current macroeconomic environment and tariffs create uncertainty, but the growth in sales opportunities and strategic initiatives provide optimism for future performance [18] - Management acknowledges the need for continued improvement in profitability and cash flow breakeven, but initial progress has been made [5] Other Important Information - The company ended the quarter with cash and cash equivalents of $1.3 million, up from $600,000 a year ago [17] - The current backlog stands at $9 million, indicating a solid pipeline for future revenue [29] Q&A Session Summary Question: Can you discuss the strong gross margin expansion in the quarter? - Management indicated that initiatives to improve product input costs and lower warranty costs contributed to the gross margin improvement [20][21][22] Question: How has the beta rollout of SkyEMS 2.0 been received by customers? - The upgraded product has received positive feedback, with improvements based on customer pain points, and is being packaged with battery sales [23][24] Question: What does the pipeline look like, and what is the current backlog? - The current backlog is $9 million, with increased quoting activity expected to drive future growth [29] Question: What is driving the recent airline orders? - The orders are driven by the introduction of redesigned, more efficient products and the integration of software solutions [38][41] Question: What is the outlook for quoting activity in the material handling and ground support equipment markets? - There has been an uptick in quoting activity, particularly in the material handling market, as customers are now more willing to release capital for purchases [42][43]

Q4 Revenue increased 25% to $16.7 million over Prior Year Period;Fiscal Year 2025 Revenue Up 9% over 2024 VISTA, Calif., Sept. 16, 2025 (GLOBE NEWSWIRE) -- Flux Power Holdings, Inc. (NASDAQ: FLUX), a leading developer of advanced lithium-ion energy storage solutions and software-driven electrification for commercial and industrial equipment, today reported financial and operational results for the fourth quarter and fiscal year ending June 30, 2025. Fourth Quarter and Recent Business Highlights Secured a pu ...

Core Insights - Plug Power Inc. (PLUG) is targeting approximately $700 million in revenues by 2025, driven by increasing demand for hydrogen solutions [1][4] - In the first half of 2025, PLUG reported revenues of $307.6 million, reflecting a year-over-year increase of 16.7% [1][8] - The surge in electrolyzer sales, which increased by 230.1% year-over-year, is a significant contributor to revenue growth [2][8] Revenue Growth Drivers - Strong demand for GenDrive fuel cells, GenFuel hydrogen infrastructure, and GenEco electrolyzer platforms is supporting PLUG's top-line performance [1] - The company is expanding its green hydrogen capacity in Georgia and has formed a joint venture with Olin Corporation in Louisiana, along with a three-gigawatt deal with Allied Green Ammonia in Australia [2] - Government incentives such as the 45V production tax credit and 48E investment tax credit are providing additional support for hydrogen production and infrastructure projects [3] Future Projections - To meet the $700 million revenue target, Plug Power needs to generate approximately $392 million in the second half of 2025 [4] - The company is well-positioned for growth due to expanding project opportunities and rising global interest in clean hydrogen [4] Peer Comparison - Flux Power Holdings, Inc. reported revenues of $16.7 million in Q3 of fiscal 2025, with a 16% year-over-year increase [5] - Bloom Energy Corporation's product and service revenues rose by 25.9% year-over-year in Q2 of 2025, with total revenues increasing by 19.5% [6] Valuation Metrics - Plug Power is currently trading at a forward price-to-earnings ratio of negative 3.54X, compared to the industry average of 22.46X [10]

Core Insights - Plug Power Inc. (PLUG) is facing increasing challenges in its core product categories, with a reported 7% year-over-year decrease in revenues from equipment and related infrastructure in Q1 2025 [1][8] Revenue Decline - The decline in revenues is attributed to reduced demand for key product offerings, including hydrogen infrastructure, cryogenic equipment, fuel cell systems (GenDrive), and engineered oil and gas equipment [2] - Hydrogen infrastructure revenues fell by $6.6 million due to only one hydrogen site installation completed compared to three in the same period last year [2] - GenDrive unit sales decreased significantly, with 848 units sold in the quarter compared to 1,298 a year ago, resulting in a $2.3 million revenue reduction [3] - Sales of cryogenic equipment were negatively impacted by slower project progress, while engineered oil and gas equipment sales declined by $2.7 million [3] Future Opportunities - In January 2025, Plug Power signed a three-gigawatt (GW) agreement with Allied Green Ammonia in Australia, indicating rising global demand for green hydrogen, which could help offset the decline in legacy products [4][8] Peer Comparison - Among peers, Flux Power Holdings, Inc. (FLUX) reported revenues of $16.7 million in Q3 2025, with a 16% year-over-year increase driven by strong demand in material handling and ground support markets [5] - Bloom Energy Corporation (BE) saw product and service revenues rise by 26.5% year-over-year, with total revenues surging by 38.6% due to robust demand for solid oxide fuel cell systems [6] Stock Performance - Plug Power's shares have lost 16.9% year-to-date, contrasting with the industry's growth of 13.5% [7] - The company is currently trading at a forward price-to-earnings ratio of negative 3.89X, significantly lower than the industry average of 23.08X [10] Earnings Estimates - The Zacks Consensus Estimate for Plug Power's bottom line for Q2 2025 has increased over the past 60 days, with current estimates showing a loss of $0.15 per share [11][12]