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Flux Power Holdings Inc (FLUX) delivers innovative lithium-ion energy storage solutions for industrial and commercial markets. This news hub provides investors and industry professionals with essential updates on corporate developments, financial performance, and technological advancements.
Access real-time announcements including earnings reports, product launches, strategic partnerships. Our curated collection ensures you stay informed about FLUX's patented battery management systems and their applications in material handling, airport equipment, and electrification initiatives.
Key updates cover operational milestones, market expansions, and technology enhancements. Bookmark this page for streamlined tracking of FLUX's progress in advancing energy storage solutions through its proprietary software-driven approach.
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.
Flux Power Holdings (NASDAQ: FLUX) has unveiled its new C48 lithium-ion battery pack for Automated Guided Vehicles (AGVs) and Autonomous Mobile Robots (AMRs) at MODEX 2022, held from
Flux Power Holdings, Inc. (NASDAQ: FLUX) recently unveiled its new L36 lithium-ion battery pack for 3-wheel forklifts at MODEX 2022 in Atlanta, Georgia, occurring from
Flux Power Holdings, Inc. (NASDAQ: FLUX) announced its participation in MODEX 2022, scheduled for March 28-31, 2022, in Atlanta, Georgia. At booth C5688, the company will showcase its complete product line, including new lithium-ion battery solutions for three-wheel forklifts and Autonomous Mobile Robots. CTO Paulus Geantil will present a seminar on lithium-ion technology on March 28 at 3:45 PM ET. CEO Ron Dutt emphasized the importance of this event for showcasing innovations in clean energy solutions for industrial applications.
Flux Power Holdings, a provider of lithium-ion energy storage solutions, will participate in the 34th Annual ROTH Conference from March 13-15, 2022, in Laguna Niguel, California. CEO Ron Dutt and CFO Chuck Scheiwe will hold one-on-one meetings to discuss the company’s latest fiscal results for Q2 2022, strategic initiatives, and future milestones. This conference offers a platform for investors to engage directly with company leadership.
For more details about the conference, visit their website.
Flux Power Holdings reported a 19% revenue increase to $7.7 million for Q2 fiscal 2022, marking the 14th consecutive quarter of year-over-year growth. The company secured $19.8 million in new purchase orders, boosting its backlog to a record $31.4 million. Despite strong demand, the gross profit fell to $1.0 million due to rising input costs, resulting in a net loss of $5.1 million. Flux initiated strategic initiatives to improve profitability and mitigate supply chain disruptions, including increased production capacity and new product designs.
Flux Power Holdings, Inc. (NASDAQ: FLUX) will hold a conference call on February 10, 2022, at 4:30 p.m. ET to discuss fiscal Q2 results for the period ending December 31, 2021. Prior to the call, a press release with financial details will be issued. CEO Ron Dutt and CFO Chuck Scheiwe will host the call, which is accessible via a toll-free number and available for replay post-call. The company provides lithium-ion battery solutions for various industries aimed at reducing CO2 emissions.
Flux Power Holdings, Inc. (NASDAQ: FLUX) has appointed Cheemin Bo-Linn as an independent director, effective January 14, 2022. With over 25 years in technology, including senior roles at IBM, she brings valuable expertise in manufacturing, software, and clean tech. This appointment increases the board to six members, with four being independent. CEO Ron Dutt noted her experience will support the company's growth and ESG strategies, while Bo-Linn expressed eagerness to help Flux Power meet rising lithium-ion battery demands.
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