Flux Power Reports 2027 Fiscal First Quarter Financial Results
Current liabilities reached $22.625 million against $20.335 million of current assets at September 30.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Rhea-AI Summary
Flux Power Holdings (FLUX) reported fiscal first-quarter 2027 revenue of $6.8 million, down from both the prior quarter and a year earlier. For the quarter ended September 30, 2026, revenue compared with $8.2 million sequentially and $13.2 million a year earlier. Gross margin fell to 24.8% from 27.4% and 28.6%, respectively. Operating expenses were $4.632 million, versus $4.357 million sequentially and $5.943 million a year earlier. Net loss widened to $3.170 million, or $0.15 per share, from $2.312 million sequentially and $2.562 million a year earlier.
The largest material-handling customer resumed orders through an equipment-manufacturer partner. Flux Power guides fiscal second-quarter revenue to $7 million–$8 million. Cash was $409,000 at September 30, versus $305,000 at June 30; stockholders’ equity moved from $2.558 million to a $431,000 deficit.
How this balance works
Rhea-AI gives every point it takes from this document a weight. Minor counts 1, Moderate 3 and Major 9, so one Major point outweighs several Minor ones. The bar adds up the weights on each side, and when neither side holds more than 65% of the total the balance reads Mixed.
It reads the document as published, with the same rules for every company, and it does not look at what the market expected or at how the stock traded, so a point can be objectively good on a day the stock falls.
Rhea-AI Sentiment measures something else, the tone of the wording.
Hollow bars mark forward-looking points. How the balance works
Positive
- Moderate pointLargest material-handling customer resumed orders through an equipment-manufacturer partner after previously pausing purchases.
- Moderate point. Forward-looking: it has not happened yet and may not happen.Fiscal second-quarter revenue guidance of $7 million–$8 million exceeds first-quarter revenue of $6.8 million.
- Moderate pointFirst-quarter operating expenses fell year over year to $4.632 million from $5.943 million, but rose from $4.357 million sequentially.
- Minor pointEquipment-manufacturer partners generated orders from first-time Flux Power customers.
- Minor pointRobotics business secured follow-on orders from its initial global technology platform customer.
3 minor points
- Minor pointCash increased to $409,000 at September 30, 2026 from $305,000 at June 30, 2026.
- Minor pointLine-of-credit balance declined to $6.285 million at September 30, 2026 from $6.303 million at June 30, 2026.
- Minor point. Forward-looking: it has not happened yet and may not happen.Flux Power is advancing an integrated supply-chain model designed to improve scale and gross-margin potential.
Negative
- Major pointFirst-quarter revenue declined to $6.8 million from $8.2 million sequentially and $13.2 million a year earlier.
- Major pointFirst-quarter net loss widened to $3.170 million from $2.312 million sequentially and $2.562 million a year earlier.
- Moderate pointFirst-quarter gross profit fell to $1.673 million from $2.257 million sequentially and $3.765 million a year earlier.
- Moderate pointFirst-quarter gross margin narrowed to 24.8% from 27.4% sequentially and 28.6% a year earlier.
- Moderate pointFirst-quarter operating loss widened to $2.959 million from $2.100 million sequentially and $2.178 million a year earlier.
- Moderate pointCurrent liabilities reached $22.625 million versus $20.335 million of current assets at September 30, 2026.
- Moderate pointAccounts payable rose to $11.258 million at September 30, 2026 from $8.473 million at June 30, 2026.
- Moderate pointStockholders’ equity became a $431,000 deficit at September 30, 2026, versus $2.558 million equity at June 30, 2026.
2 minor points
- Minor pointFirst-quarter loss per share was $0.15, versus $0.11 sequentially and $0.15 a year earlier.
- Minor pointFirst-quarter adjusted EBITDA loss widened to $2.566 million from $1.623 million sequentially and $1.713 million a year earlier.
News Explained
Flux Power says it is evaluating financing alternatives and strategic partnerships to maintain financial flexibility; it announces no agreement or new funding commitment, so no ownership change is disclosed.
Key Figures
- Revenue
- $6.8 million
- FY2027 Q1; versus $8.2 million prior quarter and $13.2 million year ago
- Gross profit and margin
- $1.7 million; 24.8%
- FY2027 Q1; versus $2.3 million and 27.4% prior quarter, and $3.8 million and 28.6% year ago
- Operating expenses
- $4.6 million
- FY2027 Q1; down 22% year over year but up from $4.4 million prior quarter
- Operating loss
- $3.0 million
- FY2027 Q1; versus $2.1 million prior quarter and $2.2 million year ago
- Adjusted EBITDA
- Negative $2.6 million
- FY2027 Q1; versus negative $1.6 million prior quarter and negative $1.7 million year ago
- Cash
- $0.4 million
- As of September 30, 2026; versus $0.3 million as of June 30, 2026
- FY2027 Q2 revenue guidance
- $7 million to $8 million
- Company guidance for the second fiscal quarter
Previous Earnings Reports
-
Revenue fell year over year, while operating expenses declined and quarterly operating loss narrowed sequentially.
-
Operating expenses declined year over year, but operating loss widened amid weak quarterly performance.
-
Revenue rose sequentially, gross margin expanded, and Flux reported its first-ever GAAP net income.
-
Revenue and gross profit declined year over year alongside operating and net losses.
-
Quarterly revenue and gross margin increased year over year, with full-year revenue also growing.
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Key Terms
gaap financial
non-gaap financial
adjusted ebitda financial
stock-based compensation financial
AI-generated analysis. How Rhea-AI works. Not financial advice.
VISTA, Calif., Nov. 03, 2026 (GLOBE NEWSWIRE) -- Flux Power Holdings, Inc. (NASDAQ: FLUX) (“Flux Power” or the “Company”), a leading developer of advanced lithium-ion energy storage solutions and fleet intelligence technology, today reported financial and operational results for the 2027 fiscal first quarter ended September 30, 2026.
2027 Fiscal First Quarter and Recent Business Highlights
| ● | Revenue for the 2027 fiscal first quarter was | |
| ● | Operating expenses for the 2027 fiscal first quarter decreased by | |
| ● | Received an order from our largest material handling customer | |
| ● | Continued to expand reach in the new market vertical of Robotics with a global technology platform customer | |
| ● | Accelerated dealer engagement and momentum following achievement of Hyster-Yale certification last quarter | |
| ● | Announced three product innovations spanning battery safety with integrated gas detection, expanded material handing applications to additional truck models and equipment categories, and extended connected fleet intelligence with battery location and intelligent charging alerts | |
| ● | Guiding 2027 fiscal second quarter revenue to be in the range of |
CEO Commentary
“We continued to make meaningful progress across our key operational and sales initiatives, executing with discipline and positioning the Company for accelerated growth,” said Krishna Vanka, CEO of Flux Power. “I am proud that the team delivered on our
To complement these efforts, we launched a go-to-market campaign targeting the 500 largest end-user accounts in North America. This campaign adds a direct, enterprise-level dialogue with the operators of the largest fleets. We are also converting early wins and securing follow-on orders in high-growth new verticals, such as Robotics, with our initial global technology platform customer. We are also leveraging our S-Series as an anchor product for white-label opportunities and advancing a more integrated supply-chain model that is designed to improve scale and gross margin potential.
“Taken together, these developments reflect a commercial strategy that we believe is beginning to compound. With a leaner cost structure and growing market demand for lithium-ion battery solutions, I believe we’re in a much stronger position to drive growth and move toward profitability in the coming quarters.”
2027 Fiscal First Quarter Financial Results
Revenue for the 2027 fiscal first fiscal quarter was
Operating expenses for the 2027 fiscal first quarter were
Operating loss for the 2027 fiscal first quarter was
Net loss for the 2027 fiscal first quarter was
Adjusted EBITDA for the 2027 fiscal first quarter was negative
Balance Sheet
Cash as of September 30, 2026 was
Conference Call
Flux Power will host a conference call on Tuesday, November 3, 2026, at 1:30 p.m. Pacific Time (4:30 p.m. Eastern Time) to discuss its 2027 fiscal first quarter financial results. To access the call, please use the following information:
Date: Tuesday, November 3, 2026
Time: 1:30 p.m. Pacific Time | 4:30 p.m. Eastern Time
Toll-free dial-in number: 1-833-630-1956
International dial-in number: +1-412-317-1837
Additionally, this conference call will be broadcast live over the Internet and can be accessed by all interested parties on the News & Events section of the Company’s Investor Relations website.
For those unable to participate during the live broadcast of the conference call, a telephone replay will be available approximately two hours after the conference call and accessible through November 10, 2026. The replay dial-in number is 1-855-669-9658, and the access code 3796341. International callers should dial +1-412-317-0088 and enter the same pass code. Additionally, a replay of the webcast will be available on Flux Power’s Investor Relations website for approximately 90 days.
Non-GAAP Financial Measures
Flux Power has presented in this release certain financial information in accordance with U.S. Generally Accepted Accounting Principles (“GAAP”) and also on a non-GAAP basis, including non-GAAP operating income (loss), non-GAAP net loss, non-GAAP net loss per share, and adjusted EBITDA.
Management believes that these non-GAAP financial measures, when viewed with Flux Power’s results under GAAP and the accompanying reconciliations, provide useful information about Flux Power’s period-over-period results. These non-GAAP financial measures are presented because management believes they provide additional information with respect to the performance of Flux Power’s fundamental business activities and adjusted EBITDA is frequently used by securities analysts, investors and other interested parties in the evaluation of comparable companies. Flux Power also relies on adjusted EBITDA as a primary measure to review and assess the operating performance of the Company and its management team.
These non-GAAP financial measures should not be considered in isolation from, or construed as a substitute for, financial measures determined in accordance with GAAP for the purpose of analyzing Flux Power’s operating performance or financial position. Reconciliations of these non-GAAP financial measures to the most directly comparable GAAP financial measures are included in the tables at the end of this release.
About Flux Power
Flux Power (NASDAQ: FLUX) designs, manufactures, and sells advanced lithium-ion energy storage solutions for electrification of a range of industrial and commercial sectors including material handling and airport ground support equipment (GSE). Flux Power’s lithium-ion battery packs, including the proprietary battery management system (BMS) and telemetry, provide customers with a better performing, lower cost of ownership, and more environmentally friendly alternative, in many instances, to traditional lead acid and propane-based solutions. Lithium-ion battery packs reduce CO2 emissions and help improve sustainability and ESG metrics for fleets. For more information, please visit www.fluxpower.com.
Forward-Looking Statements
This release contains projections and other “forward-looking statements” relating to Flux Power’s business, that are often identified using “believes,” “expects” or similar expressions. Forward-looking statements include, but are not limited to, statements regarding Flux Power’s 2027 fiscal second quarter revenue guidance, expectations with respect to growth and profitability, and quotes from management. Forward-looking statements involve several estimates, assumptions, risks, and other uncertainties that may cause actual results to be materially different from those anticipated, believed, estimated, expected, etc. Accordingly, forward-looking statements are not guarantees of future results. Some of the important factors that could cause Flux Power’s actual results to differ materially from those projected in any such forward-looking statements include, but are not limited to: Flux Power’s event of default under its agreement with Gibraltar Business Capital, LLC, its ability to comply with the terms of such agreement and its continued access to its credit facility thereunder; Flux Power’s ability to secure sufficient funding to support its current and proposed operations; Flux Power’s ability to continue as a going concern; Flux Power’s ability to meet projected revenue targets and generate sufficient cash from operations; Flux Power’s ability to regain compliance with the continued listing standards of the Nasdaq Stock Market; the impact of tariffs on Flux Power’s ability to cost-effectively source battery packs and materials used in its products; Flux Power’s ability to obtain raw materials and other supplies for its products at existing or competitive prices and on a timely basis; Flux Power’s anticipated growth strategies and its ability to manage the expansion of its business operations effectively; Flux Power’s ability to maintain or increase its market share in the competitive markets in which it does business; Flux Power’s ability to grow its revenue, increase its gross profit margin and become a profitable business; Flux Power’s ability to fulfill its backlog of open sales orders due to delays in the receipt of key component parts and other potential manufacturing disruptions; Flux Power’s ability to keep up with rapidly changing technologies and evolving industry standards, including its ability to achieve technological advances; Flux Power’s dependence on the growth in demand for its products; Flux Power’s ability to compete with both peers and larger companies with far greater resources than it; Flux Power’s ability to reduce production costs of its product line through new designs, manufacturing and supply arrangements; Flux Power’s ability to shift to new suppliers and incorporate new components into its products in a manner that is not disruptive to its business; Flux Power’s ability to obtain and maintain UL Listings and OEM approvals for its energy storage solutions; Flux Power’s ability to diversify its product offerings and capture new market opportunities; Flux Power’s ability to source its needs for skilled labor, machinery, parts, and raw materials economically; Flux Power’s ability to retain and/or successfully recruit key members of its senior management team; Flux Power’s ability to diversify its customer base to reduce its current dependence on a few major customers; Flux Power’s ability to use or amend the terms of its committed equity facility; and the expense, timing and outcome of legal proceedings relating to Flux Power’s accounting practices, financial disclosures and employment policies and practices, investigations and information requests that may be initiated or that may be asserted. Actual results could differ from those projected due to numerous factors and uncertainties. Although Flux Power believes that the expectations, opinions, projections, and comments reflected in these forward-looking statements are reasonable, it can give no assurance that such statements will prove to be correct, and that Flux Power’s actual results of operations, financial condition and performance will not differ materially from the results of operations, financial condition and performance reflected or implied by these forward-looking statements. Undue reliance should not be placed on the forward-looking statements and investors should refer to the risk factors outlined in Flux Power’s Form 10-K, 10-Qs and other reports filed with the SEC and available at www.sec.gov/edgar. These forward-looking statements are made as of the date of this release, and Flux Power assumes no obligation to update these statements or the reasons why actual results could differ from those projected, except as required by applicable law.
Flux, Flux Power, and associated logos are trademarks of Flux Power Holdings, Inc. All other third-party brands, products, trademarks, or registered marks are the property of and used to identify the products or services of their respective owners.
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| FLUX POWER HOLDINGS, INC. | |||||||||||||
| CONSOLIDATED STATEMENTS OF OPERATIONS | |||||||||||||
| (Unaudited) | |||||||||||||
| Three months ended September 30, | Three months ended June 30, | ||||||||||||
| 2026 | 2025 | 2026 | |||||||||||
| Revenues | $ | 6,758,000 | $ | 13,175,000 | $ | 8,248,000 | |||||||
| Cost of sales | 5,085,000 | 9,410,000 | 5,991,000 | ||||||||||
| Gross profit | 1,673,000 | 3,765,000 | 2,257,000 | ||||||||||
| Operating expenses: | |||||||||||||
| Selling, general and administrative | 4,001,000 | 4,906,000 | 3,739,000 | ||||||||||
| Research and development | 631,000 | 1,037,000 | 618,000 | ||||||||||
| Total operating expenses | 4,632,000 | 5,943,000 | 4,357,000 | ||||||||||
| Operating loss | (2,959,000 | ) | (2,178,000 | ) | (2,100,000 | ) | |||||||
| Interest expense, net | (184,000 | ) | (333,000 | ) | (19,000 | ) | |||||||
| Other expense, net | (27,000 | ) | (51,000 | ) | (193,000 | ) | |||||||
| $ | $ | ||||||||||||
| Net loss | (3,170,000 | ) | $ | (2,562,000 | ) | (2,312,000 | ) | ||||||
| $ | $ | ||||||||||||
| Net loss per share - basic and diluted | (0.15 | ) | $ | (0.15 | ) | (0.11 | ) | ||||||
| Weighted average number of common shares outstanding - basic and diluted | 21,621,807 | 16,835,698 | 21,441,037 | ||||||||||
| FLUX POWER HOLDINGS, INC. | |||||||||||||
| NON-GAAP OPERATING LOSS ADJUSTMENTS | |||||||||||||
| (Unaudited) | |||||||||||||
| Three months ended September 30, | Three months ended June 30, | ||||||||||||
| 2026 | 2025 | 2026 | |||||||||||
| Operating loss | $ | (2,959,000 | ) | $ | (2,178,000 | ) | $ | (2,100,000 | ) | ||||
| Non-GAAP adjustments to operating loss: | |||||||||||||
| Stock-based compensation | 174,000 | 209,000 | 239,000 | ||||||||||
| Total Non-GAAP adjustments | 174,000 | 209,000 | 239,000 | ||||||||||
| Non-GAAP operating loss | $ | (2,785,000 | ) | $ | (1,969,000 | ) | $ | (1,861,000 | ) | ||||
| FLUX POWER HOLDINGS, INC. | |||||||||||||
| NON-GAAP NET LOSS ADJUSTMENTS | |||||||||||||
| (Unaudited) | |||||||||||||
| Three months ended September 30, | Three months ended June 30, | ||||||||||||
| 2026 | 2025 | 2026 | |||||||||||
| Net loss | $ | (3,170,000 | ) | $ | (2,562,000 | ) | $ | (2,312,000 | ) | ||||
| Non-GAAP adjustments to net loss: | |||||||||||||
| Stock-based compensation | 174,000 | 209,000 | 239,000 | ||||||||||
| Total Non-GAAP adjustments | 174,000 | 209,000 | 239,000 | ||||||||||
| Non-GAAP net loss | (2,996,000 | ) | (2,353,000 | ) | (2,073,000 | ) | |||||||
| Non-GAAP net loss per share | $ | (0.14 | ) | $ | (0.14 | ) | $ | (0.10 | ) | ||||
| FLUX POWER HOLDINGS, INC. | |||||||||
| CONSOLIDATED BALANCE SHEETS | |||||||||
| Unaudited | |||||||||
| September 30, | June 30, | ||||||||
| 2026 | 2026 | ||||||||
| ASSETS | |||||||||
| Current assets: | |||||||||
| Cash | $ | 409,000 | $ | 305,000 | |||||
| Accounts receivable, net of allowance for credit losses of | 4,442,000 | 4,862,000 | |||||||
| Inventories, net | 14,434,000 | 14,752,000 | |||||||
| Other current assets | 1,050,000 | 781,000 | |||||||
| Total current assets | 20,335,000 | 20,700,000 | |||||||
| Right of use assets, net | 1,885,000 | 2,167,000 | |||||||
| Fixed assets, net of accumulated depreciation of | 439,000 | 476,000 | |||||||
| Intangible assets, net of accumulated amortization of | 741,000 | 763,000 | |||||||
| Other assets | 143,000 | 92,000 | |||||||
| Total assets | $ | 23,543,000 | $ | 24,198,000 | |||||
| LIABILITIES AND STOCKHOLDERS’ EQUITY (DEFICIT) | |||||||||
| Current liabilities: | |||||||||
| Accounts payable | $ | 11,258,000 | $ | 8,473,000 | |||||
| Accrued expenses | 4,000,000 | 4,124,000 | |||||||
| Line of credit | 6,285,000 | 6,303,000 | |||||||
| Deferred revenue | 144,000 | 144,000 | |||||||
| Customer deposits | 32,000 | 31,000 | |||||||
| Finance leases payable, current portion | 27,000 | 52,000 | |||||||
| Office leases payable, current portion | 830,000 | 862,000 | |||||||
| Accrued interest | 49,000 | 58,000 | |||||||
| Total current liabilities | 22,625,000 | 20,047,000 | |||||||
| Long term liabilities: | |||||||||
| Finance leases payable, less current portion | 16,000 | 19,000 | |||||||
| Office leases payable, less current portion | 1,067,000 | 1,274,000 | |||||||
| Deferred revenue, less current portion | 266,000 | 300,000 | |||||||
| Total liabilities | 23,974,000 | 21,640,000 | |||||||
| Stockholders’ equity (deficit): | |||||||||
| Preferred stock, $.001 par value; 3,000,000 shares authorized at September 30 and June 30, 2026, respectively; none issued and outstanding | - | - | |||||||
| Common stock, | 22,000 | 22,000 | |||||||
| Additional paid-in capital | 116,551,000 | 116,370,000 | |||||||
| Accumulated deficit | (117,004,000 | ) | (113,834,000 | ) | |||||
| Total stockholders’ equity (deficit) | (431,000 | ) | 2,558,000 | ||||||
| Total liabilities and stockholders’ equity (deficit) | $ | 23,543,000 | $ | 24,198,000 | |||||
| FLUX POWER HOLDINGS, INC. | |||||||||||||
| ADJUSTED EBITDA RECONCILIATION | |||||||||||||
| (Unaudited) | |||||||||||||
| Three Months Ended September 30, | Three Months Ended June 30, | ||||||||||||
| 2026 | 2025 | 2026 | |||||||||||
| Net loss | $ | (3,170,000 | ) | $ | (2,562,000 | ) | $ | (2,312,000 | ) | ||||
| Add: | |||||||||||||
| Interest expense, net | 184,000 | 334,000 | 193,000 | ||||||||||
| Income tax provision | - | - | - | ||||||||||
| Depreciation and amortization | 220,000 | 251,000 | 234,000 | ||||||||||
| EBITDA | (2,766,000 | ) | (1,977,000 | ) | (1,885,000 | ) | |||||||
| Add: | |||||||||||||
| Stock-based compensation | 174,000 | 209,000 | 239,000 | ||||||||||
| Financing costs | 26,000 | 55,000 | 23,000 | ||||||||||
| Adjusted EBITDA | $ | (2,566,000 | ) | $ | (1,713,000 | ) | $ | (1,623,000 | ) | ||||
Contacts
Media:
media@fluxpower.com
info@fluxpower.com
External Investor Relations:
Leanne Sievers
Shelton Group
flux-ir@sheltongroup.com
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What were Flux Power’s fiscal first-quarter 2027 financial results?
Flux Power reported $6.8 million in revenue and a $3.170 million net loss, or $0.15 per share, for the quarter ended September 30, 2026. Revenue was below $8.2 million in the prior quarter and $13.2 million a year earlier.
What is Flux Power’s fiscal second-quarter 2027 revenue guidance?
Flux Power guides fiscal second-quarter 2027 revenue to $7 million to $8 million. Fiscal first-quarter 2027 revenue was $6.8 million.
What financing options is Flux Power evaluating?
Flux Power is evaluating potential financing alternatives and strategic partnerships. The company gives financial flexibility to continue executing its operating strategy as the reason for that evaluation.
Why did Flux Power’s fiscal first-quarter operating expenses decline year over year?
Flux Power attributes the year-over-year expense reduction primarily to previous headcount reductions and a streamlined operating model. Operating expenses were $4.632 million in fiscal first-quarter 2027, compared with $5.943 million a year earlier.