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Flux Power Holdings inc - FLUX STOCK NEWS

Welcome to our dedicated news page for Flux Power Holdings (Ticker: FLUX), a resource for investors and traders seeking the latest updates and insights on Flux Power Holdings.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Flux Power Holdings's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Flux Power Holdings's position in the market.

News
Flux Power Appoints Mark Leposky to Board of Directors
Rhea-AI Summary
Flux Power appoints Mark Leposky, a seasoned executive with 30 years of experience in global supply chain management, to its Board of Directors. Mr. Leposky, known for his success in transforming and growing consumer product companies, will bring valuable expertise to Flux Power's strategic growth initiatives. His appointment aims to enhance the company's revenue, profitability, and long-term shareholder value.
Rhea-AI Impact
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End-of-Day
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management
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Flux Power Unveils New Onboard Integrated Charging Option at MODEX 2024
Rhea-AI Summary
Flux Power Holdings, Inc. (NASDAQ: FLUX) introduces a new onboard charger option for M24 lithium-ion battery packs in forklifts, enhancing warehouse operations' efficiency. The charger allows operators to plug the battery pack into any outlet, eliminating the need to return the forklift to a charging station. CEO Ron Dutt emphasizes the convenience and flexibility of this charging solution, positioning it as a game-changer for operations.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.23%
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News
Flux Power to Unveil New Battery Pack for Narrow Aisle Forklifts and End Rider/Center Rider Forklifts at MODEX 2024
Rhea-AI Summary
Flux Power Holdings, Inc. introduces new heavy-duty G2-Series lithium-ion battery packs with increased power and longer run times for warehouse operations. The M36-G2 and X48-G2 packs offer 630 Ah and 840 Ah capacity options to enhance performance for narrow aisle and counterbalance forklifts.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.75%
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none
News
Flux Power to Attend the 36th Annual ROTH Conference on March 17-19, 2024
Rhea-AI Summary
Flux Power Holdings, Inc. (FLUX) will attend the 36th Annual ROTH Conference to discuss product development, market expansion, and fiscal Q2 2024 results. CEO Ron Dutt will lead the discussions, highlighting record quarterly revenue of $18.3 million, positive Adjusted EBITDA, gross profit up 38% to $5.7 million, gross margin of 31%, and an order backlog of $29.7 million.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-11.87%
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conferences
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News
Flux Power Appoints Kevin Royal as Chief Financial Officer
Rhea-AI Summary
Flux Power Holdings, Inc. appoints Kevin Royal as Chief Financial Officer, replacing Chuck Scheiwe. Kevin brings over 20 years of CFO experience in publicly traded companies. He aims to enhance financial performance and operational goals alignment. His past roles include CFO positions at Zovio Inc., Maxwell Technologies, Blue Coat Systems, and Novellus Systems. Kevin holds a CPA and a Bachelor's in Accounting. He will focus on financial planning, risk management, strategic development, and regulatory compliance at Flux Power.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.56%
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management
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News
Flux Power to Exhibit at MODEX 2024 Tradeshow March 11-14 at the Georgia World Congress Center in Atlanta
Rhea-AI Summary
Flux Power Holdings, Inc. (NASDAQ: FLUX) will showcase its new G2 product line of heavy-duty battery packs and SkyBMS® telematics solution at MODEX 2024. The lithium-ion battery packs offer newer technology and increased capacity for fleet operations, addressing performance challenges with longer run times and sustained high power performance. The SkyBMS® telematics solution provides real-time data for better fleet management. Flux Power aims to lower total cost of ownership compared to conventional offerings.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
5.66%
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none
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Flux Power to Present at the Baird 2024 Vehicle Technology & Mobility Conference on February 29, 2024
Rhea-AI Summary
Flux Power Holdings, Inc. (NASDAQ: FLUX) will attend the Baird 2024 Vehicle Technology & Mobility Conference to discuss ongoing product development, market expansion, and fiscal second quarter 2024 financial results. The company reported record quarterly Revenue of $18.3 million, Positive Adjusted EBITDA, Gross Profit up 38% to $5.7 million, Gross Margin of 31%, and Order Backlog of $30.1 million.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
18.72%
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conferences
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News
Flux Power Reports Fiscal Year 2024 Second Quarter Financial Results
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
9.87%
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earnings
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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
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-5.95%
Tags
conferences
News
Flux Power to Host Fiscal Second Quarter 2024 Results Conference Call on Thursday, February 8, 2024 at 4:30 p.m. Eastern Time
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.02%
Tags
conferences earnings
Stock FLUX logo
Flux Power Holdings inc

Nasdaq:FLUX

FLUX Rankings

#4508 Ranked by Market Cap
#2707 Ranked by Stock Gains
N/A Ranked by Dividends

FLUX Stock Data

77.71M
12.01M
27.34%
37.68%
0.72%
Optical Instrument and Lens Manufacturing
Manufacturing
Link
United States
Vista

About FLUX

welcome to flux power! flux power’s advanced lithium battery and energy storage outlasts and outperforms traditional solutions at a much lower cost. flux power uniquely combines the benefits of lithium-ion with flux’s patented software battery management system. this maximizes performance and longevity to dramatically outperform and outlast traditional batteries and energy storage solutions, and at a much lower lifetime cost.