Flux Pwr Hldgs Inc Stock Price, News & Analysis

Flux Power Holdings (NASDAQ: FLUX) has launched its new G96-G2 High Voltage lithium-ion energy solution for ground support equipment (GSE), securing its first order from a major airline customer. The innovative 96-volt solution was developed in collaboration with Averest Inc., Flux Power's GSE sales and service provider.

The G96-G2 battery underwent rigorous testing in Europe with a leading GSE OEM partner. It is specifically designed to power heavy-duty ground support equipment like tractors, featuring built-in heaters for cold temperature operation and a battery management system (BMS) for optimal battery health monitoring.

The company expects additional purchase orders from the same major airline customer following the initial G96 shipment. This new solution aims to meet the airline industry's increasing demands for higher voltage, greater efficiency, and sustainability initiatives.

Flux Power Holdings (NASDAQ: FLUX) reports significant growth in airline industry orders for its lithium-ion energy storage solutions. Six new large North American airlines have placed orders worth over $6 million in the last calendar year for G-Series lithium-ion solutions to electrify their Ground Support Equipment (GSE) fleets across 7 North American locations.

The company has secured approximately $20 million in total GSE orders, demonstrating the industry's shift from lead acid and fossil fuel-powered equipment to lithium-ion solutions. The orders include Flux Power's 80-volt G80 series batteries and SkyEMS integrated telematics Cloud Software Platform for bag tractors and pushback tractors.

Averest Inc., Flux Power's GSE sales and service provider, facilitated these partnerships through their electric solutions expertise. The transition aligns with airlines' sustainability initiatives and carbon-reduction strategies, offering improved operational efficiency and lower emissions.

Flux Power (NASDAQ: FLUX) reported financial results for Q1 and Q2 FY2025. Q1 revenue increased 9% to $16.1M with gross margin improving to 32%, while Q2 saw revenue decrease 8% to $16.8M with gross margin reaching 33%. The company maintains a backlog of $19.5M as of February 28, 2025.

Key developments include launching a new private label program with a top 10 forklift OEM, partnership with a major battery recycling company, and leadership changes with Krishna Vanka appointed as CEO and Kelly Frey as Chief Revenue Officer. The company experienced some order delays due to forklift deferrals related to higher interest rates.

Financial highlights show Q1 net loss of $1.7M (improved from $2.2M loss in Q1 FY2024) and Q2 net loss of $1.9M (increased from $0.9M loss in Q2 FY2024). Cash position was $0.9M as of December 31, 2024, with $6.3M available under credit facilities.

Flux Power Holdings (NASDAQ: FLUX), a developer of advanced lithium-ion energy storage solutions, has scheduled a conference call for March 20, 2025, at 4:30 p.m. Eastern Time to discuss fiscal first and second quarter results for periods ending September 30, 2024, and December 31, 2024.

Key speakers will include:

• Former CEO and Senior Advisor Ron Dutt - Business updates
• Current CEO Krishna Vanka - Background and company vision
• CFO Kevin Royal - Financial review
• CRO Kelly Frey - Customer acquisition updates

The call will include a Q&A session and presentation, accessible via webcast through June 20, 2025.

Flux Power Holdings (NASDAQ: FLUX) announced its participation in The New Warehouse Podcast at ProMat 2025 in Chicago, featuring Mark Barmettler, Senior Director of Engineering. The live discussion, scheduled for March 17, 2025, at 9:55 AM CDT, will focus on telematics technology in material handling and fleet management.

The podcast appearance is part of Flux Power's thought leadership initiative, aimed at educating customers about sustainable energy solutions and telematics in material handling. The company will also showcase its SkyBMS telematics and battery management solutions at Booth #E11730 during the trade show.

CEO Ron Dutt emphasized the company's commitment to empowering businesses with data-driven energy solutions for smarter operations. The discussion will explore how telematics-driven fleet management can optimize performance and reduce downtime in material handling operations.

Flux Power Holdings (NASDAQ: FLUX) has appointed Krishna Vanka as its new Chief Executive Officer, effective March 10, 2025. Vanka succeeds Ron Dutt, who had previously announced his planned retirement.

Vanka brings 18 years of experience in technology leadership, particularly in renewable energy, EV transition, fleet management, and telematics. He most recently served as CEO of Fluence Digital, part of Fluence Energy, where he managed recurring revenue businesses including battery energy storage solutions (BESS) and professional services.

His prior leadership roles include positions at InCharge Energy, MyShoperoo, and Telogis. Dale Robinette, Lead Director of Flux Power, expressed confidence in Vanka's ability to lead the company into its next growth phase, citing his experience and industry relationships with Fortune 500 companies.

Flux Power Holdings (NASDAQ: FLUX) has secured its first purchase order from one of the largest U.S. medical supply companies for lithium-ion battery packs. The order includes 36-volt M36-series and L36-series batteries with integrated telematics technology for fleet data analysis.

The batteries will power narrow aisle forklifts and three-wheel forklifts as part of the customer's material handling fleet electrification strategy. This order marks the beginning of the customer's transition to lithium-ion energy solutions, focusing on operational efficiency and environmental responsibility.

Flux Power Holdings (NASDAQ: FLUX) announced its participation in ProMat 2025, scheduled for March 17-20 at Chicago's McCormick Place, where they will exhibit in Lakeside Hall Booth #E11730.

The company will showcase its next-generation lithium-ion battery packs for Class I-III material handling equipment, featuring enhanced capacity and improved efficiency. The solutions are engineered for heavy-use applications, offering longer run times and reduced maintenance costs.

During the event, Flux Power will demonstrate SkyBMS, their intelligent battery telematics system providing real-time data for fleet management. They will also preview their upcoming Customer Interface Energy Management solution, planned for launch in 2025, designed to offer enhanced energy usage control and insights.

Flux Power Holdings (NASDAQ: FLUX) has received a non-compliance notice from Nasdaq on February 21, 2025, due to failing to file its Quarterly Report (Form 10-Q) for the period ended December 31, 2024. The notice does not immediately affect FLUX's Nasdaq listing. The company must submit an updated compliance plan to Nasdaq by March 10, 2025.

If Nasdaq accepts the plan, FLUX may receive up to 180 days (until April 14, 2025) from the initial delinquent filing due date to submit all required reports and regain compliance. The company states it is working to complete and file the Forms 10-Q promptly.