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