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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 release its Q2’21 financial results on February 11, 2021, before market open. A conference call is scheduled for 4:30 PM ET the same day to discuss the results and company updates. Interested investors can join the call by dialing (833) 428-8374 or (270) 240-0543 for international access. Flux Power specializes in advanced lithium-ion batteries for industrial equipment, providing environmentally friendly alternatives to traditional energy solutions.
Flux Power Holdings, Inc. (NASDAQ: FLUX) announced three new pending patents related to lithium-ion battery technology aimed at enhancing battery life and efficiency. The patents focus on:
- Controlling battery charge to extend lifespan.
- Assessing battery health.
- Applying AI for charge balancing.
Flux Power Holdings, Inc. (NASDAQ: FLUX) announced that CEO Ron Dutt will present at the 13th Annual LD Micro Main Event on December 15 at 12:00 PM ET. Dutt highlighted the event as an opportunity for investors to explore high-growth companies, discussing Flux Power's progress despite the COVID-19 pandemic. The conference will feature a unique 10-minute presentation format followed by a Q&A session. The event takes place on December 14-15 on the Sequire Virtual Events platform.
Flux Power Holdings, Inc. (Nasdaq: FLUX) reported a significant 135% revenue increase in Q1 FY2021, reaching $4.5M compared to $1.9M in Q1 FY2020. The gross margin improved to 19.4% from 6.1%. The company uplisted to Nasdaq, completed a $12.4M public offering, and expanded relationships with forklift OEMs. Though net loss rose to $4.0M from $3.8M, management expressed confidence in continuing growth and improving gross margins for the fiscal year.
Flux Power Holdings, Inc. (NASDAQ: FLUX) will announce its financial results for the First Quarter FY 2021 before market opening on November 12, 2020. A conference call is scheduled for 4:30 PM ET to discuss these results and provide company updates. Interested participants can join by calling (833) 428-8374, with international callers using (270) 240-0543. The conference ID is 7063928. Flux Power specializes in advanced lithium-ion battery solutions for industrial applications, offering a more environmentally friendly alternative to traditional energy sources.
Flux Power Holdings, Inc. (Nasdaq: FLUX) reported significant financial growth for Q4’20 and FY’20, with Q4 revenue up 107% to $6.3M and FY revenue up 81% to $16.8M. Gross margins improved, reaching 17% in Q4 and 13% for FY. The company uplisted to Nasdaq, raised $12.4M in equity, and converted $8.3M of debt to equity. New product launches and partnerships are set to further drive growth. Despite an increased net loss of $14.3M for FY’20, management remains optimistic about continued revenue growth in FY’21, leveraging a strong order backlog and expanding product offerings.