Welcome to our dedicated page for Flux Power Holdings news (Ticker: FLUX), a resource for investors and traders seeking the latest updates and insights on Flux Power Holdings stock.
Flux Power Holdings, Inc. (Symbol: FLUX) is a leading designer, developer, manufacturer, and seller of innovative lithium-ion energy storage solutions. The company’s core business revolves around providing advanced battery systems for a variety of industrial and commercial sectors, including material handling, airport ground support equipment (GSE), and other specialized commercial and industrial applications.
One of Flux Power's standout features is its patented software Battery Management System (BMS), which plays a critical role in maximizing battery performance and longevity. The BMS offers three essential functions: Cell Balancing, Monitoring, and Error Reporting. This ensures that each cell within the battery operates efficiently and safely, thereby extending the overall lifespan of the battery.
Flux Power's lithium-ion batteries are designed to outperform traditional energy storage solutions, offering superior performance at a significantly lower lifetime cost. The company has positioned itself as a leader in the energy storage market by combining the inherent benefits of lithium-ion technology with its proprietary BMS, making its solutions highly reliable and cost-effective.
Recent achievements include securing new partnerships, expanding its product line, and undertaking projects aimed at furthering the electrification of various industrial sectors. Financially, Flux Power continues to show resilience and growth potential, supported by its innovative product offerings and expanding market footprint.
For investors and stakeholders, keeping an eye on Flux Power Holdings, Inc. means staying updated with the latest developments, product launches, and strategic partnerships that could influence the company's market performance and stock value.
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Flux Power Holdings (NASDAQ: FLUX) will present at the iAccess Alpha Best Ideas Summer Conference, held virtually from June 25-26, 2024.
CEO Ron Dutt and CFO Kevin Royal will participate in virtual one-on-one meetings to discuss the company's expanding sales and marketing initiatives, product line diversification, distribution network, and developing partnerships.
The presentation is scheduled for June 25, 2024, at 12:30 pm ET.
For more information, contact your conference representative or email FLUX@mzgroup.us.
Flux Power Holdings, Inc. (NASDAQ: FLUX) reported its financial results for the fiscal third quarter ended March 31, 2024. Revenue decreased by 4% to $14.5 million, gross profit was down 7% to $4.4 million, and adjusted EBITDA loss was $1.4 million. The CEO highlighted growth in manufacturing, initiatives to improve gross margins, and a backlog of $18.5 million with over $100 million in potential orders. Key appointments include a new CFO and a board director. Cash was $1.3 million on March 31, 2024, with an available credit facility of up to $20 million. The company addressed an EBITDA covenant default and is working towards filing the 10-Q by May 13, 2024. Continued focus on sales, marketing, and expanding product lines to drive growth.
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