Flux Power to Attend the 36th Annual ROTH Conference on March 17-19, 2024
- Record quarterly revenue of $18.3 million
- Positive Adjusted EBITDA and Gross Profit up 38% to $5.7 million
- Gross Margin of 31%
- Order Backlog of $29.7 million as of February 1, 2024
- None.
Insights
The recent financial results reported by Flux Power Holdings, Inc. indicate a robust performance in the fiscal second quarter of 2024, with a record quarterly revenue of $18.3 million. This figure represents a significant milestone for the company and is likely reflective of increasing demand for lithium-ion energy storage solutions. The reported positive Adjusted EBITDA suggests operational efficiency and a strong control over costs, which is particularly important for investors assessing the company's profitability potential.
The gross profit increase of 38% to $5.7 million and a gross margin of 31% are key indicators of the company's ability to manage production costs and pricing strategies effectively. These figures are substantial as they surpass the industry average gross margin for the battery manufacturing sector, which typically hovers around 25-30%. The order backlog of $29.7 million also provides visibility into future revenues and indicates a healthy demand pipeline.
Flux Power's attendance at the 36th Annual ROTH Conference presents an opportunity for the company to engage with potential investors and partners. The one-on-one meetings with the CEO are an effective platform for discussing strategic initiatives and could potentially lead to partnerships or additional investment. The positive financial results coupled with the company's market expansion initiatives could be a signal to investors of the company's growth trajectory and may influence the stock's performance in the near term.
Investors should also consider the company's position within the broader context of the electrification of commercial and industrial equipment. As industries seek to reduce carbon footprints, Flux Power's solutions could see increased adoption, which may drive long-term growth. However, it is also important to consider market competition and the scalability of the company's production capabilities in relation to the growing backlog.
The electrification of commercial and industrial equipment is a growing trend, with lithium-ion batteries being at the forefront due to their high energy density and efficiency. Flux Power Holdings' focus on this sector positions them well within the industry. The 31% gross margin reported is an indicator of the company's competitive pricing and cost structure, which is essential in the energy storage market where margins can be squeezed by commodity price fluctuations and intense competition.
Moreover, the company's product development and market expansion initiatives discussed at the ROTH Conference could provide insights into how Flux Power plans to address the challenges of scaling up production and maintaining technological leadership. The energy storage market is rapidly evolving and continuous innovation is key to staying ahead. Investors should watch for the company's ability to maintain its margins while scaling, as this will be critical to its long-term success.
Flux Power Chief Executive Officer Ron Dutt will conduct in-person one-on-one meetings during the conference to discuss ongoing product development, market expansion initiatives, and recently reported fiscal second quarter 2024 financial results with record quarterly Revenue of
36th Annual ROTH Conference
Date: March 17-19, 2024
Location: The Ritz Carlton Laguna Niguel in
Attendees: Chief Executive Officer Ron Dutt
Format: In-person 1x1’s
Conference Website: Click here
For more information on the 36th Annual ROTH Conference, or to schedule a one-on-one meeting with Flux Power management, please contact your ROTH representative or you may also email your request to FLUX@mzgroup.us or call Chris Tyson at (949) 491-8235.
About Flux Power Holdings, Inc.
Flux Power (NASDAQ: FLUX) designs, manufactures, and sells advanced lithium-ion energy storage solutions for electrification of a range of industrial and commercial sectors including material handling, airport ground support equipment (GSE), and stationary energy storage. Flux Power’s lithium-ion battery packs, including the proprietary battery management system (BMS) and telemetry, provide customers with a better performing, lower cost of ownership, and more environmentally friendly alternative, in many instances, to traditional lead acid and propane-based solutions. Lithium-ion battery packs reduce CO2 emissions and help improve sustainability and ESG metrics for fleets. For more information, please visit www.fluxpower.com.
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View source version on businesswire.com: https://www.businesswire.com/news/home/20240227863518/en/
Media & Investor Relations:
media@fluxpower.com
info@fluxpower.com
External Investor Relations:
Chris Tyson, Executive Vice President
MZ Group - MZ North America
949-491-8235
FLUX@mzgroup.us
www.mzgroup.us
Source: Flux Power Holdings, Inc.
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