Flux Power Holdings (FLUX) Company Report

Flux Power Holdings Inc. (FLUX) designs and manufactures Lithium-ion battery packs and energy management systems for material handling and airport ground support equipment, having produced over 29,000 units.
A new leadership team, including CEO Krishna Vanka and CFO Kevin Royal, has been established within the last 12 months, focusing on achieving profitability and growth through operational efficiencies, solution selling, and modular product development.
The company reported flat revenue in the $60-$67 million range over the last three fiscal years, with Q1 FY2026 revenues down $13.2 million primarily due to tariffs.
Management targets a net income break-even at $16 million in sales, based on gross margins of 34%-35%, and is implementing strategies like supply chain renegotiation and product redesign to improve margins and capitalize on the growing Lithium-ion battery market.

Dec 9, 2025, 9:00 PM

Transcript

Flux Power Holdings Inc. Provides Business Update and Financial Overview

FLUX

Management Change

Guidance Update

Revenue Acceleration/Inflection

Flux Power Holdings Inc. (FLUX) designs and manufactures lithium-ion battery packs and energy management systems for material handling and airport ground support equipment, having produced over 29,000 units.
A new leadership team, including CEO Krishna Vanka and CFO Kevin Royal, is focused on achieving profitability and growth after revenues remained flat in the $60-$67 million range over the last three fiscal years.
The company's estimated break-even for net income is $16 million in sales, at gross margin levels of approximately 34%-35%.
Q1 FY2026 revenue was down $13.2 million due to tariffs implemented in the fourth fiscal quarter, which is the second calendar quarter of FY 2026, but the company anticipates demand to normalize with some pull in early 2026.
Flux Power operates in growing markets, with the material handling lithium battery market projected at $2.5 billion in 2025 and the GSE equipment market at nearly $5 billion in 2026.

Dec 9, 2025, 9:00 PM

Transcript

Flux Power Holdings Inc. Presents Business Update and Financial Strategy

FLUX

Management Change

Guidance Update

Revenue Acceleration/Inflection

Flux Power Holdings Inc. designs and manufactures lithium-ion battery packs and energy management systems for material handling (forklifts) and airport ground support equipment, aiming to transition customers from lead-acid batteries.
The company reported flat revenue in the $60-$67 million range over the last three fiscal years, with Q1 FY2026 revenue at $13.2 million, impacted by tariffs. Management targets profitability at $16 million in revenue with gross margins of 34%-35%, and is focused on achieving 30%+ gross margins through supply chain optimization and modular product redesign.
A new leadership team, including CEO Krishna Vanka and CFO Kevin Royal, is focused on strategic objectives such as operational efficiencies, solution selling, modular product development, and promoting their software as a service (SaaS) platform.
The material handling lithium battery market is projected to be $2.5 billion in 2025, growing at 9%, and the ground support equipment market is expected to reach $5 billion next year, growing around 7.8%.

Dec 9, 2025, 9:00 PM

Transcript

Flux Power Holdings Regains Nasdaq Compliance

FLUX

Delisting/Listing Issues

Flux Power Holdings, Inc. (FLUX) regained compliance with Nasdaq's continued listing rules on October 14, 2025, by meeting the $35 million market value of listed securities requirement.
The company had previously been notified on January 31, 2025, of non-compliance with the $2.5 million stockholders' equity requirement.
As of September 30, 2025, the company reported a total stockholders' equity (deficit) of ($3.3) million.
Since September 30, 2025, FLUX raised $0.2 million from a private placement and approximately $9.2 million from a public offering of common stock, leading it to believe its current stockholders' equity now exceeds $2.5 million.

Nov 17, 2025, 9:45 PM

8-K

Flux Power Reports Q1 2026 Financial Results with Revenue Decline Amidst Tariff Uncertainty

FLUX

Earnings

Demand Weakening

New Projects/Investments

Flux Power reported Q1 2026 revenue of $13.2 million, a decrease from $16.1 million in Q1 2025, primarily due to a temporary pause in customer orders caused by tariff uncertainty and macroeconomic concerns. The net loss increased to $2.6 million, or $0.15 per share, compared to a net loss of $1.7 million, or $0.10 per share, in the prior year period.
Gross margin for Q1 2026 was 28.6%, down from 32.4% in Q1 2025, mainly due to lower sales and a shift in product mix to lower energy capacity products.
Despite the challenges, the company completed two capital raises totaling $13.8 million in net proceeds, which will be used for working capital and to accelerate product development.
Order activity has begun to rebound in Q2 2026, highlighted by $2.4 million in multi-million dollar orders from material handling customers and a new large order from a major airline, effectively doubling their airline customer base.
Operational achievements include a 20% reduction in headcount costs, retaining NASDAQ listing, and securing key certifications like ULEE and UL 1973, which open new market segments with a $1 billion total addressable market.

Nov 13, 2025, 9:30 PM

Transcript

Flux Power Reports Fiscal Year 2026 First Quarter Financial Results

FLUX

Earnings

Product Launch

Guidance Update

Flux Power Holdings, Inc. reported revenue of $13.2 million for the first fiscal quarter of 2026, a decrease from $16.1 million in the first fiscal quarter of 2025.
The company posted a net loss of $2.6 million, or ($0.15) per share, for Q1 2026, compared to a net loss of $1.7 million, or ($0.10) per share, in the prior year quarter.
Flux Power strengthened its financial position by raising $13.8 million in new capital during the quarter, with an additional $12.6 million cash impact from offerings subsequent to quarter-end.
Operational highlights include securing $2.4 million in repeat orders, doubling the number of major North American airline customers served to eight, and graduating its SkyEMS 2.0 SaaS platform into production.
The company also received UL EE Listing for its material handling portfolio, opening a new $1 billion total addressable market, and regained compliance with Nasdaq's continued listing requirements.

Nov 13, 2025, 9:26 PM

8-K

Flux Power Secures $2.4 Million in New Purchase Orders

FLUX

New Projects/Investments

Revenue Acceleration/Inflection

Flux Power Holdings, Inc. announced new purchase orders totaling approximately $2.4 million.
These orders include $1.4 million from a leading global food and beverage distribution company and $1.0 million from a global industrial equipment manufacturing customer.
The orders are repeat business, reflecting strong customer satisfaction and continued momentum in material handling electrification.
Flux Power provides advanced lithium-ion energy storage solutions and software-driven electrification for commercial and industrial equipment.

Nov 6, 2025, 1:31 PM

Press Release

Flux Power Prices Underwritten Public Offering

FLUX

Flux Power Holdings, Inc. priced an underwritten public offering of 3,840,000 shares of its common stock at $2.50 per share.
The offering is expected to generate approximately $9.6 million in gross proceeds, before deductions and excluding any exercise of the underwriter's over-allotment option.
The underwriter, Lake Street Capital Markets, LLC, has a 30-day option to purchase up to an additional 576,000 shares of common stock.
The offering is anticipated to close on November 3, 2025.

Oct 31, 2025, 12:00 PM

Press Release

Flux Power Regains Nasdaq Compliance

FLUX

Delisting/Listing Issues

CEO Change

Flux Power Holdings, Inc. (FLUX) announced on October 20, 2025, that it has regained compliance with Nasdaq's continued listing requirements.
The company met the Market Equity Requirement by maintaining a market capitalization of at least $35 million for 20 consecutive trading days.
This resolves a previous non-compliance notification from January 31, 2025, regarding the Stockholders' Equity Requirement.
Nasdaq will monitor the company's compliance with continued listing requirements for a period of one year.

Oct 20, 2025, 9:15 PM

Press Release

Flux Power Reports Strong Q4 and Full-Year 2025 Revenue Growth and Improved Margins

FLUX

Earnings

Revenue Acceleration/Inflection

Layoffs

Flux Power reported Q4 2025 revenue of $16.7 million and full-year 2025 revenue of $66.4 million, representing solid year-over-year growth.
The company significantly improved its gross margin to 34.5% in Q4 2025 and 32.7% for the full year, contributing to a reduced net loss of $1.2 million in Q4 and positive Adjusted EBITDA of $600,000 for the quarter.
To reduce costs and improve cash flow, Flux Power implemented a 15% headcount reduction in June 2025 across all segments except Sales and Marketing.
The company is advancing its software offerings with the beta rollout of SkyEMS 2.0 and has secured new orders, including a $1.2 million plus purchase order that bundled a G80 lithium-ion energy solution with the SkyEMS software platform.
Flux Power ended the quarter with a backlog of $9 million and noted a significant increase in quoting activity, particularly in the material handling market, following a period of capital expenditure pullback.