Flux Pwr Hldgs Inc Stock Price, News & Analysis

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.

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 March 28-31 in Atlanta, Georgia. The C48 is designed for easier servicing and lower total ownership costs, addressing the rising demand for AGVs and AMRs amid labor shortages. Flux Power aims to provide longer run times and reduced maintenance, enhancing sustainability and operational efficiency.

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 March 28-31, 2022. This 36-volt solution addresses customer demand and enhances performance for narrow aisle warehouses. Vice President of Sales, Tod Kilgore, emphasized its energy efficiency benefits. CEO Ron Dutt noted the event's significance for industry executives. Flux Power will showcase its product range at booth #C5688.

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.