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Flux Power Holdings, Inc. - FLUX STOCK NEWS

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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News

Flux Power Appoints Mark Leposky to Board of Directors

Rhea-AI Summary
Flux Power appoints Mark Leposky, a seasoned executive with 30 years of experience in global supply chain management, to its Board of Directors. Mr. Leposky, known for his success in transforming and growing consumer product companies, will bring valuable expertise to Flux Power's strategic growth initiatives. His appointment aims to enhance the company's revenue, profitability, and long-term shareholder value.
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Flux Power Unveils New Onboard Integrated Charging Option at MODEX 2024

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Flux Power Holdings, Inc. (NASDAQ: FLUX) introduces a new onboard charger option for M24 lithium-ion battery packs in forklifts, enhancing warehouse operations' efficiency. The charger allows operators to plug the battery pack into any outlet, eliminating the need to return the forklift to a charging station. CEO Ron Dutt emphasizes the convenience and flexibility of this charging solution, positioning it as a game-changer for operations.
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Flux Power to Unveil New Battery Pack for Narrow Aisle Forklifts and End Rider/Center Rider Forklifts at MODEX 2024

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Flux Power Holdings, Inc. introduces new heavy-duty G2-Series lithium-ion battery packs with increased power and longer run times for warehouse operations. The M36-G2 and X48-G2 packs offer 630 Ah and 840 Ah capacity options to enhance performance for narrow aisle and counterbalance forklifts.
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Flux Power to Attend the 36th Annual ROTH Conference on March 17-19, 2024

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Flux Power Holdings, Inc. (FLUX) will attend the 36th Annual ROTH Conference to discuss product development, market expansion, and fiscal Q2 2024 results. CEO Ron Dutt will lead the discussions, highlighting record quarterly revenue of $18.3 million, positive Adjusted EBITDA, gross profit up 38% to $5.7 million, gross margin of 31%, and an order backlog of $29.7 million.
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Flux Power Appoints Kevin Royal as Chief Financial Officer

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Flux Power Holdings, Inc. appoints Kevin Royal as Chief Financial Officer, replacing Chuck Scheiwe. Kevin brings over 20 years of CFO experience in publicly traded companies. He aims to enhance financial performance and operational goals alignment. His past roles include CFO positions at Zovio Inc., Maxwell Technologies, Blue Coat Systems, and Novellus Systems. Kevin holds a CPA and a Bachelor's in Accounting. He will focus on financial planning, risk management, strategic development, and regulatory compliance at Flux Power.
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Flux Power to Exhibit at MODEX 2024 Tradeshow March 11-14 at the Georgia World Congress Center in Atlanta

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Flux Power Holdings, Inc. (NASDAQ: FLUX) will showcase its new G2 product line of heavy-duty battery packs and SkyBMS® telematics solution at MODEX 2024. The lithium-ion battery packs offer newer technology and increased capacity for fleet operations, addressing performance challenges with longer run times and sustained high power performance. The SkyBMS® telematics solution provides real-time data for better fleet management. Flux Power aims to lower total cost of ownership compared to conventional offerings.
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Flux Power to Present at the Baird 2024 Vehicle Technology & Mobility Conference on February 29, 2024

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Flux Power Holdings, Inc. (NASDAQ: FLUX) will attend the Baird 2024 Vehicle Technology & Mobility Conference to discuss ongoing product development, market expansion, and fiscal second quarter 2024 financial results. The company reported record quarterly Revenue of $18.3 million, Positive Adjusted EBITDA, Gross Profit up 38% to $5.7 million, Gross Margin of 31%, and Order Backlog of $30.1 million.
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Flux Power Reports Fiscal Year 2024 Second Quarter Financial Results

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Flux Power Holdings, Inc. (NASDAQ: FLUX) reported improved financial and operational results for the fiscal second quarter ended December 31, 2023. Revenue increased 7% to a quarterly record of $18.3 million, gross margins improved to 31%, and adjusted EBITDA improved to positive $0.3M. The company also expanded its customer base, launched new heavy-duty models, and initiated AI features development for its Telematics Platform.
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Flux Power to Participate in the Future of Electrification 2024 Virtual Conference on Wednesday, February 7, 2024, at 12:00 PM Eastern Time

Rhea-AI Summary
Flux Power Holdings, Inc. (NASDAQ: FLUX) will participate in the Future of Electrification 2024 Conference, with CTO Paulus Geantil joining a panel discussion on 'The Future of Battery Technology for Industrial Vehicles'. The panel will focus on the latest trends, developments, and challenges in battery technology for industrial vehicles, taking place on February 7, 2024. The discussion aims to provide insights on energy density, charging capabilities, and overall performance of lithium-ion energy storage solutions for electrification of commercial and industrial equipment.
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Flux Power to Host Fiscal Second Quarter 2024 Results Conference Call on Thursday, February 8, 2024 at 4:30 p.m. Eastern Time

Rhea-AI Summary
Flux Power Holdings, Inc. (NASDAQ: FLUX) will hold a conference call to discuss its results for the fiscal second quarter ended December 31, 2023. The call will feature Flux Power CEO Ron Dutt and CFO Chuck Scheiwe, followed by a question-and-answer session. The call will be broadcast live and available for replay, providing investors with an opportunity to gain insights into the company's performance.
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FAQ

What is the current stock price of Flux Power Holdings (FLUX)?

The current stock price of Flux Power Holdings (FLUX) is $2.19 as of November 15, 2024.

What is the market cap of Flux Power Holdings (FLUX)?

The market cap of Flux Power Holdings (FLUX) is approximately 38.4M.

What does Flux Power Holdings, Inc. do?

Flux Power Holdings, Inc. designs, develops, manufactures, and sells lithium-ion energy storage solutions for industrial and commercial sectors.

What sectors does Flux Power serve?

Flux Power serves sectors like material handling, airport ground support equipment, and other commercial and industrial applications.

What is Flux Power's Battery Management System (BMS)?

Flux Power's BMS is a patented software system that enhances battery performance and longevity by providing cell balancing, monitoring, and error reporting.

How does Flux Power's BMS benefit its batteries?

The BMS maximizes performance and extends the lifespan of batteries by ensuring efficient operation and safety through cell balancing, monitoring, and error reporting.

What makes Flux Power's batteries different from traditional solutions?

Flux Power's batteries combine lithium-ion technology with a patented BMS, offering superior performance and longevity at a lower lifetime cost compared to traditional solutions.

What recent achievements has Flux Power made?

Flux Power has secured new partnerships, expanded its product line, and undertaken projects to further the electrification of various industrial sectors.

How is Flux Power performing financially?

Flux Power continues to show resilience and growth potential, supported by its innovative product offerings and expanding market footprint.

Why should investors keep an eye on Flux Power Holdings, Inc.?

Investors should monitor Flux Power for its latest developments, product launches, and strategic partnerships that could influence its market performance and stock value.

Where can I find the latest news about Flux Power?

The latest news about Flux Power Holdings, Inc. can be found on StockTitan and other financial news websites.

Does Flux Power offer cost advantages over traditional batteries?

Yes, Flux Power's lithium-ion batteries offer significant cost advantages over traditional batteries through superior performance and lower lifetime costs.

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Flux Power Holdings, Inc.

Nasdaq:FLUX

FLUX Rankings

#4990 Ranked by Market Cap
N/A Ranked by Dividends

FLUX Stock Data

38.37M
16.68M
26.56%
35.81%
1.05%
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