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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.

For the latest news and updates, visit [StockTitan](https://www.stocktitan.net/)

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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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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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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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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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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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Flux Power Holdings reports strong financial performance for fiscal year 2023
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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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Flux Power Holdings, Inc. to hold conference call on September 21, 2023 to discuss Q4 and full-year results. Webcast and replay available.
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Flux Power Holdings, Inc. will participate in the H.C. Wainwright Global Investment Conference and Lake Street Best Ideas Growth Conference. CEO Ron Dutt will conduct meetings and deliver a presentation. The H.C. Wainwright presentation will be available live and via replay. For more information, contact FLUX@mzgroup.us or call Chris Tyson at (949) 491-8235.
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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.

Flux Power Holdings, Inc.

Nasdaq:FLUX

FLUX Rankings

FLUX Stock Data

38.37M
16.68M
26.56%
35.81%
1.05%
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