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 reported a 19% revenue increase to $7.7 million for Q2 fiscal 2022, marking the 14th consecutive quarter of year-over-year growth. The company secured $19.8 million in new purchase orders, boosting its backlog to a record $31.4 million. Despite strong demand, the gross profit fell to $1.0 million due to rising input costs, resulting in a net loss of $5.1 million. Flux initiated strategic initiatives to improve profitability and mitigate supply chain disruptions, including increased production capacity and new product designs.
Flux Power Holdings, Inc. (NASDAQ: FLUX) will hold a conference call on February 10, 2022, at 4:30 p.m. ET to discuss fiscal Q2 results for the period ending December 31, 2021. Prior to the call, a press release with financial details will be issued. CEO Ron Dutt and CFO Chuck Scheiwe will host the call, which is accessible via a toll-free number and available for replay post-call. The company provides lithium-ion battery solutions for various industries aimed at reducing CO2 emissions.
Flux Power Holdings, Inc. (NASDAQ: FLUX) has appointed Cheemin Bo-Linn as an independent director, effective January 14, 2022. With over 25 years in technology, including senior roles at IBM, she brings valuable expertise in manufacturing, software, and clean tech. This appointment increases the board to six members, with four being independent. CEO Ron Dutt noted her experience will support the company's growth and ESG strategies, while Bo-Linn expressed eagerness to help Flux Power meet rising lithium-ion battery demands.
Flux Power Holdings (NASDAQ: FLUX) reported strong growth in 2021, achieving 13 consecutive quarters of revenue growth and a record gross margin. The company ended the year with a backlog of $28 million in customer orders, driven by increased demand for lithium-ion battery packs. Despite challenges from global supply chain disruptions, Flux Power expanded its operations and introduced new products, including the M24 battery pack. Looking ahead to 2022, the company aims to enhance production and expand customer acquisition, particularly among Fortune 100 and 500 companies.
Flux Power Holdings, Inc. (NASDAQ: FLUX) has appointed MZ Group to enhance its investor relations strategy. This collaboration aims to boost the company's visibility and capital markets presence. Flux Power has reported 13 consecutive quarters of revenue growth and sold over 11,000 lithium-ion battery packs. The company recently secured $14.1 million in a direct offering to expand into new markets. The global lithium-ion battery market is projected to significantly grow, presenting opportunities for Flux Power to capitalize on emerging applications, particularly in industrial equipment.
Flux Power Holdings, Inc. (NASDAQ: FLUX) reported a 39% revenue increase in Q1’22, reaching $6.3M compared to $4.5M in Q1’21. Gross profit margin rose to 21.3% from 19.4%, with gross profit improving by 53% to $1.3M. The company achieved its 13th consecutive quarter of revenue growth, with a record customer order backlog of $28M. However, Q1’22 net loss slightly increased to $4.1M due to rising operating expenses. Supply chain disruptions continue to affect operations, though demand for lithium-ion battery packs remains strong.
Flux Power Holdings, Inc. (NASDAQ: FLUX) will release its financial results for Q1 Fiscal Year 2022 on November 12, 2021, before market opening. A conference call will occur at 4:30 PM ET the same day, featuring CEO Ron Dutt and CFO Chuck Scheiwe discussing the results and company updates. Interested parties can join the call by dialing (833) 428-8374 or (270) 240-0543 for international access. The call's details will be available on the Flux Power website afterward.
Flux Power Holdings, Inc. (NASDAQ: FLUX) has successfully closed a registered direct offering of 2,142,860 shares of common stock at $7.00 per share, along with warrants to purchase 1,071,430 additional shares, generating approximately $15 million in gross proceeds. This funding is aimed at general corporate and working capital purposes. H.C. Wainwright & Co. acted as the exclusive placement agent for this offering. The associated warrants will expire on September 28, 2026.
Flux Power Holdings (Nasdaq: FLUX) announced a registered direct offering to institutional investors, selling 2,142,860 shares and warrants for a purchase price of $7.00 each, expected to close around September 27, 2021. The offering aims to raise approximately $15.0 million in gross proceeds, which will be used for general corporate and working capital purposes. H.C. Wainwright & Co. is the exclusive placement agent. The warrants are exercisable immediately at the same price and expire in five years.
Flux Power Holdings, Inc. (FLUX) reported its financial results for Q4 and FY21, ending June 30, 2021. The company specializes in advanced lithium-ion battery solutions for commercial equipment, including lift trucks and airport ground support. A conference call to discuss the results will be held on September 27, 2021, at 4:30 PM ET. Investors can join via phone. Flux Power aims to offer environmentally friendly and cost-effective alternatives to traditional battery solutions.
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