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Flux Power Holdings, Inc. reports developments in lithium-ion energy storage systems and software-driven electrification for commercial and industrial equipment. The company designs, manufactures, and sells battery packs for material handling fleets, airport ground support equipment, and other industrial applications, with products built around battery management, telemetry, and fleet-energy data.
Recurring FLUX news covers quarterly operating results, customer and OEM orders, airline and cargo-fleet deployments, cost-structure actions, capital actions, and product technology updates. Company announcements also include developments tied to SkyLNK telematics, SkyEMS software, battery State of Health analytics, and intellectual property for monitoring battery performance and service life.
Flux Power Holdings, Inc. (NASDAQ: FLUX) will host a conference call on November 10, 2022, at 4:30 p.m. Eastern Time, to discuss its fiscal Q1 results for the period ending September 30, 2022. The call will be led by CEO Ron Dutt and CFO Chuck Scheiwe, and will include a Q&A session. Investors can access the live broadcast and replay via the company’s website. This conference aims to provide insights into the company's performance in the growing lithium-ion energy storage sector.
Flux Power Holdings, Inc. (NASDAQ: FLUX) will present at the MicroCap Rodeo Windy City Roundup Conference on October 12-13, 2022, in Chicago. CEO Ron Dutt will conduct 30-minute one-on-one meetings and deliver a presentation on October 12 at 4:00 PM CT. The conference focuses on advanced lithium-ion energy storage solutions for industrial applications, promoting electrification and sustainability. Interested parties can watch the presentation live on the Flux Power investor relations website.
Flux Power Holdings, Inc. (NASDAQ: FLUX) reported a 61% increase in FY’22 revenue, reaching a record $42.3M, compared to $26.3M in FY’21. Q4’22 revenue spiked 83% year-over-year to $15.2M, driven by growing sales volumes and higher prices. However, gross margin decreased to 17% in FY’22 from 22% in FY’21. The company received $65M in new purchase orders, up 83% from the previous year, and reduced backlog to $35M. With strong demand, management expects robust revenue growth in FY’23.
Flux Power Holdings (NASDAQ: FLUX) will host a conference call on September 22, 2022, at 4:30 p.m. ET to discuss its fiscal fourth quarter and full year results for the period ending June 30, 2022. CEO Ron Dutt and CFO Chuck Scheiwe will lead the call, which includes a Q&A session and a presentation accessible via the investor relations section of Flux Power's website. A replay will be available until December 22, 2022.
Flux Power Holdings, Inc. (NASDAQ: FLUX) reported a significant growth in purchase orders, exceeding $64 million for the fiscal year ending June 30, 2022, marking an increase of over 82% from the previous year. New customers contributed 26% of this revenue, highlighting a robust repeat customer base of 74%. CEO Ron Dutt anticipates reaching a $70 million annual revenue run rate soon, with projections for revenue growth exceeding $100 million in the coming years. The company is benefiting from the renewable energy transition and demand in several sectors, including material handling.
Flux Power (NASDAQ: FLUX) is set to host an investor day on August 2, 2022, from 9:15 a.m. to 1:15 p.m. PT at its Vista, California facility. The event will highlight the company’s complete lithium-ion battery product line, including new offerings for material handling and automated vehicles. Recent manufacturing improvements have led to an 89% increase in Q3 revenue, totaling $13.2 million. A record backlog of $38.6 million reflects strong demand for Flux’s innovative battery solutions.
Flux Power Holdings, Inc. (NASDAQ: FLUX) announced its participation in the upcoming H.C. Wainwright Global Investment Conference from May 23-26, 2022 and the LD Micro Invitational XII Conference from June 7-9, 2022. CEO Ron Dutt will present at both conferences and conduct one-on-one meetings. The H.C. Wainwright conference features a virtual presentation available from May 24, while the LD Micro Invitational includes an in-person presentation on June 7.
Flux Power Holdings, Inc. (NASDAQ: FLUX) reported a remarkable 89% increase in revenue to $13.2 million for Q3 fiscal 2022, marking its 15th consecutive quarter of year-over-year growth. The company secured $20.5 million in new purchase orders, raising its customer order backlog to a record $38.6 million. Despite these accomplishments, gross margin decreased to 14.6% due to rising material costs, leading to a net loss of $3.7 million. Flux Power remains focused on strategic supply chain improvements to enhance profitability and reduce cash burn.
Flux Power Holdings, Inc. (NASDAQ: FLUX) will hold a conference call on May 12, 2022, at 4:30 p.m. ET to discuss its fiscal Q3 results for the period ending March 31, 2022. The call will be hosted by CEO Ron Dutt and CFO Chuck Scheiwe, followed by a Q&A session. Interested parties can join the call using the provided dial-in numbers and will have access to a live webcast and replay. Flux Power specializes in lithium-ion energy storage solutions, enhancing sustainability and performance in various industrial sectors.
Flux Power Holdings, Inc. (NASDAQ: FLUX) has launched the new S24 battery pack, which now offers a capacity of 210Ah, doubling the previous 105Ah version. This high-capacity solution is designed for walkie pallet jacks, enhancing performance for demanding applications. The S24 will be showcased at MODEX 2022 from March 28 to 31, 2022 in Atlanta, Georgia. CEO Ron Dutt emphasized that this innovation aims to meet the needs of distribution centers and warehouses, providing extended power for longer shifts.