Flux Power Holdings, Inc. - FLUX STOCK NEWS

Flux Power Holdings, Inc. (NASDAQ: FLUX) announced a significant sales order backlog of $13.7 million as of July 20, 2021. This backlog, attributed to a recovering travel industry and repeat orders from airline customers, reflects the company's growing customer base and indicates increased demand for its lithium-ion industrial batteries. The batteries are set to power various equipment, including material handling and ground support equipment. The company notes this backlog represents its highest open sales orders to date.

Flux Power Holdings (NASDAQ: FLUX) reported Q3 FY2021 financial results with a 38% revenue growth to a record $7.0M, up from $5.1M in Q3 FY2020. Gross margin improved significantly to 24.1% from 12.8%. The company achieved its 11th consecutive quarter of revenue growth, secured initial orders from two new major customers, and launched the next-generation M24 lithium-ion battery pack. However, selling and administrative expenses rose to $3.1M, leading to a net loss of $1.7M, though this was an improvement from $4.0M the previous year.

Flux Power Holdings, Inc. (NASDAQ: FLUX) will release its financial results for Q3'21 on May 13, 2021, before the market opens. The company specializes in developing advanced lithium-ion batteries for industrial equipment. Following the earnings announcement, a conference call will be held at 4:30 PM ET to discuss the results and provide a business update. Interested participants can join the call using the provided contact numbers. Flux Power aims to offer superior, environmentally friendly battery solutions through its LiFT Pack battery systems.

Flux Power Holdings, Inc. (NASDAQ: FLUX) announced the launch of its next-generation M24 lithium-ion battery pack, designed for end riders and center riders in warehouses. The M24 delivers 24 V, 420 Ah, and lasts for 3,500 cycles, meeting UL standards. Initial shipments have started, receiving positive customer feedback. Key features include an improved state-of-charge gauge, soft power-off function, easier service accessibility, enhanced safety features, and compatibility with existing forklift interfaces. Flux Power aims to strengthen its position in the high-volume market with this redesign.

Flux Power Holdings, Inc. (NASDAQ: FLUX) has initiated the delivery of its advanced lithium-ion battery packs to two new customers, including a leading manufacturer and distributor of paper products with a fleet of over 2,000 forklifts and a Fortune 500 packaging manufacturer managing 500+ forklifts. This development signifies Flux Power's ongoing expansion in the growing lithium-ion market for industrial equipment, promoting better performance and environmental benefits compared to traditional battery solutions.

Flux Power Holdings (NASDAQ: FLUX) reported a significant 79% revenue increase for Q2’21, reaching a record $6.5M compared to $3.6M in Q2’20. Gross margin improved to 23% from 9% due to higher sales volumes. The company secured initial orders from a global food producer and continued its partnership with Beam Global. Despite a slight net loss increase to $3.4M, CEO Ron Dutt emphasized strong operational progress and ongoing demand for lithium-ion solutions.

Flux Power Holdings, Inc. (NASDAQ: FLUX) will release its Q2’21 financial results on February 11, 2021, before market open. A conference call is scheduled for 4:30 PM ET the same day to discuss the results and company updates. Interested investors can join the call by dialing (833) 428-8374 or (270) 240-0543 for international access. Flux Power specializes in advanced lithium-ion batteries for industrial equipment, providing environmentally friendly alternatives to traditional energy solutions.

Flux Power Holdings, Inc. (NASDAQ: FLUX) announced three new pending patents related to lithium-ion battery technology aimed at enhancing battery life and efficiency. The patents focus on:

• Controlling battery charge to extend lifespan.
• Assessing battery health.
• Applying AI for charge balancing.

Flux Power Holdings, Inc. (NASDAQ: FLUX) announced that CEO Ron Dutt will present at the 13th Annual LD Micro Main Event on December 15 at 12:00 PM ET. Dutt highlighted the event as an opportunity for investors to explore high-growth companies, discussing Flux Power's progress despite the COVID-19 pandemic. The conference will feature a unique 10-minute presentation format followed by a Q&A session. The event takes place on December 14-15 on the Sequire Virtual Events platform.