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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02/08/2024 04:01 PM

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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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01/31/2024 08:31 AM

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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

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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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01/25/2024 08:31 AM

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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

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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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01/03/2024 08:31 AM

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Flux Power Issues Shareholder Letter and Corporate Update

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Flux Power Holdings, Inc. (NASDAQ: FLUX) CEO Ron Dutt issues a letter to shareholders highlighting revenue and margin expansion, new product developments, strategic initiatives, and financial updates for the fiscal year 2023.

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11/20/2023 08:31 AM

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Flux Power to Attend the Benchmark 12th Annual Discovery One-on-One Conference on December 7, 2023

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Flux Power Holdings, Inc. (NASDAQ: FLUX) to attend Benchmark 12th Annual Discovery One-on-One Conference in New York City on December 7, 2023. CEO and CFO to conduct in-person meetings to discuss product and market expansion initiatives and fiscal first quarter 2024 financial results. Gross Profit up 9% to $4.3 million, Gross Margin of 29% and Order Backlog of $31.1 million as of November 2, 2023.

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11/09/2023 04:01 PM

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Flux Power Fiscal Year 2024 First Quarter Financial Results

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Flux Power Holdings, Inc. (NASDAQ: FLUX) reports a 700BP improvement in gross margins, a backlog increase to $31M, and a partnership with a Fortune 100 customer for telematics integration. The Q1 2024 financial results show a 17% revenue decrease, 9% increase in gross profit, and 24% improvement in adjusted EBITDA loss.

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11/03/2023 08:30 AM

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Flux Power Announces Capital Structure Update Including New Credit Facility with Cleveland Capital

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Flux Power Holdings, Inc. has secured a $15 million credit facility with Gibraltar Business Capital and a $2 million subordinated credit facility with Cleveland Capital. They have also terminated their at-the-market offering program and filed a universal shelf registration statement. The new credit facilities will strengthen the company's capital structure and provide working capital for growth.

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10/26/2023 04:01 PM

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Flux Power to Host Fiscal First Quarter 2024 Results Conference Call on Thursday, November 9, 2023 at 4:30 p.m. Eastern Time

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Flux Power Holdings, Inc. will hold a conference call on November 9, 2023, to discuss its results for the fiscal first quarter ended September 30, 2023.

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09/21/2023 04:01 PM

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Flux Power Reports Fiscal Full Year 2023 Financial Results

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Flux Power Holdings reports strong financial performance for fiscal year 2023

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09/19/2023 08:31 AM

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Flux Power to Showcase the Latest Lithium-Ion Solutions for Electrifying Airport Ground Support Equipment

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Flux Power Holdings, Inc. (NASDAQ: FLUX) to exhibit energy storage and telematics platforms at GSE EXPO 2023, showcasing fleet-wide electrification of Ground Support Equipment. Demonstrations of SkyBMS telematics platform and lithium-ion batteries will be featured. Delta Air Lines among customers benefiting from fleet electrification. GSE efficiency and carbon emissions measurement highlighted. Sustainability efforts by airlines driving demand for alternative fuel-powered GSE. Live demonstrations at Booth #2716, Las Vegas Convention Center.

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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 $1.87 as of January 23, 2025.

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

The market cap of Flux Power Holdings (FLUX) is approximately 30.4M.

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.