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Flux Power (NASDAQ: FLUX) flags going-concern risk amid cash squeeze

(Moderate)
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

Flux Power Holdings, Inc. (FLUX) reported 2026 fiscal fourth quarter and full-year results, highlighting a major cost reset alongside steep revenue declines. Fourth quarter revenue was $8.2 million, up from $6.6 million in the prior quarter but down from $16.7 million a year earlier. Full-year revenue was $42.1 million versus $66.4 million in 2025. Fourth quarter gross margin was 27.4%, roughly flat sequentially but below 34.5% a year ago.

Operating expenses fell sharply to $4.4 million in the quarter, 33% lower than the prior-year quarter, and full-year operating expenses declined to $19.2 million from $26.8 million, aided by headcount reductions and the absence of $2.9 million in prior-year restatement costs. Fourth quarter net loss was $2.3 million, improved from a $3.2 million loss in the prior quarter but worse than the $1.2 million loss a year ago; full-year net loss was $7.4 million. Adjusted EBITDA for 2026 was negative $4.5 million versus negative $0.1 million in 2025. Cash was $0.3 million at June 30, 2026, with total liabilities of $21.6 million and stockholders’ equity of $2.6 million, compared to a deficit a year earlier. Management emphasized cost reductions, supply chain optimization, the launch of SkyEMS® 3.0, and expanded sales leadership as positioning the company for improved performance in fiscal 2027.

Positive

  • Operating expenses reduced ~28% year over year (from $26.8 million to $19.2 million), reflecting headcount reductions and a streamlined operating model, which contributed to improved fourth quarter operating loss versus the prior quarter.
  • Equity position turned positive, with stockholders’ equity of $2.6 million at June 30, 2026, compared to a stockholders’ deficit of $5.4 million a year earlier.
  • New products and leadership: launch of SkyEMS® 3.0 with AI-driven fleet management and appointment of a new Vice President of Sales for Material Handling, plus a new OEM certification, are intended to support future growth and market expansion.

Negative

  • Revenue declined over 35% year over year, with full-year revenue falling from $66.4 million to $42.1 million and fourth quarter revenue roughly halving from $16.7 million a year ago to $8.2 million.
  • Profitability deteriorated: full-year net loss widened to $7.4 million from $6.7 million, and adjusted EBITDA fell to negative $4.5 million from negative $0.1 million in 2025.
  • Very limited cash: cash was $0.3 million at June 30, 2026, against total liabilities of $21.6 million, while the company discloses risks around access to its credit facility, ability to secure funding, and ability to continue as a going concern.
  • Non-GAAP performance worsened, with full-year non-GAAP net loss increasing to $6.5 million from $2.8 million and non-GAAP operating loss to $5.5 million from $1.1 million.

Filing Explained

The August 20, 2026 filing is furnished results reporting and sets a June 30, 2026 baseline of 21.58 million common shares outstanding.

Form 8-K reports specified material events; here, Item 2.02 covers the company’s fiscal fourth-quarter and full-year results. The filing’s current state is a furnished results disclosure dated August 20, 2026.

The results and press release are furnished rather than filed for Section 18 purposes and are not incorporated by reference into another filing. For existing common holders, the structural information is the current share-count baseline: the balance sheet reports 21,580,992 common shares issued and outstanding at June 30, 2026, with 75,000,000 authorized and no preferred shares issued or outstanding.

The balance sheet reports 16,835,698 common shares issued and outstanding at June 30, 2025, so the disclosed common-share baseline is higher in the later balance sheet. If additional shares are issued, total share count rises and an existing holder’s percentage ownership falls absent offsetting changes.

The exhibit also includes forward-looking performance estimates and states that actual results may vary materially, so those estimates remain prospective rather than completed results.

Item 2.02 Results of Operations and Financial Condition Financial
Disclosure of earnings results, typically an earnings press release or preliminary financials.
Item 9.01 Financial Statements and Exhibits Exhibits
Financial statements, pro forma financial information, or exhibit attachments filed with this report.
Q4 2026 Revenue $8,248,000 Three months ended June 30, 2026
Full-year 2026 Revenue $42,132,000 Twelve months ended June 30, 2026 vs $66,434,000 in 2025
Full-year 2026 Net Loss $7,448,000 Twelve months ended June 30, 2026 vs $6,674,000 in 2025
Q4 2026 Gross Margin 27.4% Gross profit of $2,257,000 on $8,248,000 revenue
Full-year 2026 Operating Expenses $19,191,000 Twelve months ended June 30, 2026 vs $26,768,000 in 2025
Cash Balance $305,000 Cash as of June 30, 2026
Total Liabilities $21,640,000 As of June 30, 2026
Stockholders’ Equity $2,558,000 As of June 30, 2026 vs $(5,404,000) a year earlier
Adjusted EBITDA financial
"Adjusted EBITDA for the 2026 fiscal fourth quarter was negative $1.6 million"
Adjusted EBITDA is a way companies measure how much money they make from their core operations, like running a business, by removing certain costs or income that aren’t part of regular business activities. It helps investors see how well a company is doing without distractions from unusual expenses or gains, making it easier to compare companies or track performance over time.
non-GAAP net loss financial
"Excluding the above-referenced stock-based compensation costs, the 2026 fiscal fourth quarter non-GAAP net loss was"
Non-GAAP net loss is a company’s reported loss that has been adjusted by removing certain costs or one-time items that the company believes hide its core operating performance. Think of it like looking at a household budget but excluding an unusual repair or sale; it can show a clearer view of everyday results, which helps investors judge ongoing profitability, but it can also omit real expenses so it should be compared with the standard GAAP loss.
stock-based compensation financial
"Excluding costs associated with stock-based compensation, the 2026 fiscal fourth quarter non-GAAP operating loss was"
Stock-based compensation is when a company pays employees, directors or consultants with shares or the right to buy shares instead of or in addition to cash. It matters to investors because issuing stock or options spreads ownership thinner (like cutting a pie into more slices), which can reduce each existing share’s claim on profits and can also change reported earnings; investors watch it to assess true cost of running the business and how management is incentivized.
restatement of previously issued financial statements financial
"fiscal 2025 included costs of $2.9 million associated with the restatement of previously issued financial statements"
going concern financial
"Flux Power’s ability to secure sufficient funding to support its current and proposed operations; Flux Power’s ability to continue as a going concern"
Going concern is the accounting assumption that a company will keep operating and meeting its obligations for the foreseeable future. The phrase matters most when a company or its auditors disclose substantial doubt about it, a formal warning that the business may not have enough resources to continue without raising money, restructuring, or selling assets. That language in a filing or press release signals elevated financial risk.
Nasdaq Stock Market continued listing standards regulatory
"Flux Power’s ability to regain compliance with and continue to meet the continued listing standards of the Nasdaq Stock Market"
Q4 2026 revenue change vs Q4 2025 $8.2 million vs $16.7 million -50.7%
Full-year 2026 revenue change vs 2025 $42.1 million vs $66.4 million -36.6%
Full-year net loss change $7.4 million vs $6.7 million +11.6%
Full-year operating expenses change $19.2 million vs $26.8 million -28.3%
Full-year adjusted EBITDA change negative $4.5 million vs negative $0.1 million deterioration

FAQ

How did Flux Power (FLUX) perform financially in the 2026 fiscal fourth quarter?

Flux Power reported Q4 2026 revenue of $8.2 million, up from $6.6 million in the prior quarter but down from $16.7 million a year earlier. Net loss was $2.3 million, or ($0.11) per share, and gross margin was 27.4%.

What were Flux Power’s full-year 2026 results compared to 2025?

Full-year 2026 revenue was $42.1 million versus $66.4 million in 2025. Net loss was $7.4 million, or ($0.38) per share, compared with a $6.7 million net loss, or ($0.40) per share, in 2025. Adjusted EBITDA was negative $4.5 million versus negative $0.1 million.

How has Flux Power (FLUX) managed its operating expenses?

Fourth quarter 2026 operating expenses were $4.4 million, down from $6.5 million a year earlier. Full-year operating expenses declined to $19.2 million from $26.8 million, reflecting headcount reductions, a streamlined operating model, and the absence of $2.9 million of 2025 restatement costs.

What is Flux Power’s cash and balance sheet position as of June 30, 2026?

As of June 30, 2026, Flux Power had $0.3 million in cash, total assets of $24.2 million, total liabilities of $21.6 million, and stockholders’ equity of $2.6 million, compared with a stockholders’ deficit of $5.4 million a year earlier.

What new products or initiatives did Flux Power (FLUX) highlight?

Flux Power launched SkyEMS® 3.0, an AI-powered fleet management platform with predictive analytics and customizable dashboards, and obtained certification with a new major OEM. The company also appointed Stu Jacover as Vice President of Sales for Material Handling.

What risks and uncertainties does Flux Power mention in this report?

Flux Power cites risks including its ability to amend and access its credit facility, secure sufficient funding, continue as a going concern, regain and maintain Nasdaq listing compliance, manage tariffs and supply chain costs, and the expense and outcome of legal proceedings.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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false 0001083743 0001083743 2026-08-20 2026-08-20 iso4217:USD xbrli:shares iso4217:USD xbrli:shares

 

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 8-K

 

CURRENT REPORT

Pursuant to Section 13 OR 15(d) of the Securities Exchange Act of 1934

 

Date of Report (Date of earliest event reported): August 20, 2026

 

FLUX POWER HOLDINGS, INC.

(Exact name of registrant as specified in its charter)

 

Nevada   001-31543   92-3550089

(State or Other Jurisdiction

of Incorporation)

 

(Commission

File Number)

 

(IRS Employer

Identification No.)

 

2685 S. Melrose Drive, Vista, California   92081
(Address of Principal Executive Offices)   (Zip Code)

 

877-505-3589

(Registrant’s telephone number, including area code)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

 

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
   
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
   
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
   
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class   Trading Symbol   Name of each exchange on which registered
Common Stock, $0.001 par value   FLUX   Nasdaq Capital Market

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

 

Emerging growth company

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

 

 

 

 

 

 

Item 2.02 Results of Operations and Financial Condition.

 

On August 20, Flux Power Holdings, Inc. (the “Company”) issued a press release announcing, among other things, limited financial and operational information for its fiscal third quarter ended June 30, 2026 and provided certain forward-looking performance estimates. In addition, the Company will hold a conference call on August 20, 2026 to discuss such results. The full text of the press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K. The projections constituting the performance estimates included in the press release involve risks and uncertainties, the outcome of which cannot be foreseen at this time and, therefore, actual results may vary materially from these forecasts. In this regard, see the information included in the press release under the caption “Forward-Looking Statements.”

 

The information reported under Item 2.02 in this Current Report on Form 8-K, including Exhibit 99.1, is being “furnished” and shall not be deemed filed for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”) or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, regardless of any general incorporation language in such filing.

 

Item 9.01 Financial Statements and Exhibits.

 

Exhibit Index

 

Exhibit   Exhibit Description
     
99.1   Press Release dated August 20, 2026
104   Cover Page Interactive Data File (embedded within the Inline XBRL document)

 

 

 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

  Flux Power Holdings, Inc.
  a Nevada corporation
     
  By: /s/ Krishna Vanka
    Krishna Vanka,
    Chief Executive Officer
     
Dated: August 20, 2026    

 

 

 

 

Exhibit 99.1

 

 

Flux Power Reports 2026 Fiscal Fourth Quarter and Full Year Financial Results

 

Vista, CA — August 20, 2026 — Flux Power Holdings, Inc. (NASDAQ: FLUX) (“Flux Power” or the “Company”), a leading developer of advanced lithium-ion energy storage solutions and fleet intelligence technology, today reported financial and operational results for the 2026 fiscal fourth quarter and full fiscal year ended June 30, 2026.

 

2026 Fiscal Fourth Quarter and Recent Business Highlights

 

  Revenue for the 2026 fiscal fourth quarter reached $8.2 million
  Operating expenses for the 2026 fiscal fourth quarter decreased by approximately 33% from the 2025 fiscal fourth quarter
  Released SkyEMS® 3.0 with AI-powered insights, predictive analytics and customizable dashboards
  Appointed industry veteran, Stu Jacover, as Vice President of Sales for Material Handling to expand the Company’s sales and marketing efforts

 

CEO Commentary

 

“Fourth quarter revenue increased 25% sequentially, slightly ahead of the expectations we conveyed on last quarter’s call due to increased customer orders and shipments into a new vertical market,” commented Krishna Vanka, Flux Power’s CEO. “To improve our overall cost structure, we executed decisive expense reduction and efficiency initiatives over the past year that resulted in a 30% reduction in fourth quarter operating expenses compared to the prior year quarter.

 

“We also took steps to aggressively optimize our supply chain, lower product costs, and advance product redesign efforts aimed at improving margins. We further strengthened our go-to-market capabilities with the addition of Stu Jacover as Vice President of Sales for Material Handling and launched new marketing programs to diversify our customer base. We also achieved a major platform milestone with the launch of SkyEMS® 3.0 featuring AI-driven, advanced fleet management capabilities that position Flux Power as a differentiated technology provider. Initial customer feedback on this tool has been quite favorable. We also achieved certification with a new major OEM during the quarter, which we believe increases our addressable market within Material Handling.

 

“The Company has faced a number of headwinds during my first eighteen months as CEO, which in turn led us to reassess our business priorities and implement changes that we expect to benefit us in fiscal 2027 and beyond. With a leaner cost structure, a refreshed sales leadership team, expanding OEM relationships and upgraded offerings in place, I believe we are well positioned to deliver renewed growth and accelerate our path to profitability as broader economic conditions improve.”

 

 

 

 

 

2026 Fiscal Fourth Quarter and Full Year Financial Results

 

Revenue for the 2026 fiscal fourth quarter was $8.2 million, compared to $6.6 million in the prior quarter and $16.7 million in the same quarter a year ago. Revenue for the full 2026 fiscal year was $42.1 million, compared to $66.4 million in fiscal 2025.

 

Gross profit for the 2026 fiscal fourth quarter was $2.3 million, or 27.4% of revenue, compared to $1.8 million, or 27.3% of revenue, in the prior quarter and $5.8 million, or 34.5% of revenue, in the same quarter a year ago. Gross profit for the full 2026 fiscal year was $12.7 million, or 30.2% of revenue, compared to $21.7 million, or 32.7% of revenue, in fiscal 2025.

 

Operating expenses for the 2026 fiscal fourth quarter were $4.4 million, compared to $4.8 million in the prior quarter and $6.5 million in the same quarter a year ago. Full 2026 fiscal year operating expenses were $19.2 million, compared to $26.8 million in fiscal 2025. The decrease in operating expenses primarily reflects previous actions taken to reduce headcount and streamline the Company’s operating model as well as the fact that fiscal 2025 included costs of $2.9 million associated with the restatement of previously issued financial statements.

 

Operating loss for the 2026 fiscal fourth quarter was $2.1 million, compared to an operating loss of $3.0 million in the prior quarter and an operating loss of $0.8 million in the same quarter a year ago. The full 2026 fiscal year operating loss was $6.5 million compared to an operating loss of $5.0 million in fiscal 2025. Excluding costs associated with stock-based compensation, the 2026 fiscal fourth quarter non-GAAP operating loss was $1.9 million, compared to a non-GAAP operating loss of $2.8 million in the prior quarter and non-GAAP operating income of $0.3 million in the same quarter a year ago, which also excluded costs associated with the multi-year restatement of previously issued financial statements. The full 2026 fiscal year non-GAAP operating loss was $5.5 million, compared to a non-GAAP operating loss of $1.1 million in fiscal 2025.

 

Net loss for the 2026 fiscal fourth quarter was $2.3 million, or ($0.11) per share, compared to a net loss of $3.2 million, or ($0.15) per share, in the prior quarter and a net loss of $1.2 million, or ($0.07) per share, in the same quarter a year ago. Net loss for the full 2026 fiscal year was $7.4 million, or ($0.38) per share, compared to net loss of $6.7 million, or ($0.40) per share, in fiscal 2025. Excluding the above-referenced stock-based compensation costs, the 2026 fiscal fourth quarter non-GAAP net loss was $2.1 million, or ($0.10) per share, compared to a non-GAAP net loss of $2.9 million, or ($0.14) per share, in the prior quarter and a non-GAAP net loss of $0.1 million, or ($0.01) per share, in the same quarter a year ago, which also excluded the above-referenced restatement costs. The full 2026 fiscal year non-GAAP net loss was $6.5 million, or ($0.33) per share, compared to a non-GAAP net loss of $2.8 million, or ($0.17) per share, in fiscal 2025, which also excluded the above-referenced restatement costs.

 

Adjusted EBITDA for the 2026 fiscal fourth quarter was negative $1.6 million, compared to negative $2.5 million in the prior quarter and positive $0.5 million in the same quarter a year ago. Adjusted EBITDA for the full 2026 fiscal year was negative $4.5 million, compared to negative $0.1 million in fiscal 2025.

 

Balance Sheet

 

Cash as of June 30, 2026 was $0.3 million, compared to $0.4 million as of March 31, 2026.

 

Conference Call

 

Flux Power will host a conference call on Thursday, August 20, 2026 at 1:30 p.m. Pacific Time (4:30 p.m. Eastern Time) to discuss its 2026 fiscal fourth quarter and full year financial results. To access the call, please use the following information:

 

Date: Thursday, August 20, 2026

Time: 1:30 p.m. Pacific Time | 4:30 p.m. Eastern Time

Toll-free dial-in number: 1-833-630-1956

International dial-in number: +1-412-317-1837

 

Additionally, this conference call will be broadcast live over the Internet and can be accessed by all interested parties on the News & Events section of the Company’s Investor Relations website.

 

For those unable to participate during the live broadcast of the conference call, a telephone replay will be available approximately two hours after the conference call and accessible through August 27, 2026. The replay dial-in number is 1-855-669-9658, and the access code 5602016. International callers should dial +1-412-317-0088 and enter the same pass code. Additionally, a replay of the webcast will be available on Flux Power’s Investor Relations website for approximately 90 days.

 

Non-GAAP Financial Measures

 

Flux Power has presented in this release certain financial information in accordance with U.S. Generally Accepted Accounting Principles (“GAAP”) and also on a non-GAAP basis, including non-GAAP operating income (loss), non-GAAP net loss, non-GAAP net loss per share, and adjusted EBITDA.

 

Management believes that these non-GAAP financial measures, when viewed with Flux Power’s results under GAAP and the accompanying reconciliations, provide useful information about Flux Power’s period-over-period results. These non-GAAP financial measures are presented because management believes they provide additional information with respect to the performance of Flux Power’s fundamental business activities and adjusted EBITDA is frequently used by securities analysts, investors and other interested parties in the evaluation of comparable companies. Flux Power also relies on adjusted EBITDA as a primary measure to review and assess the operating performance of the Company and its management team.

 

These non-GAAP financial measures should not be considered in isolation from, or construed as a substitute for, financial measures determined in accordance with GAAP for the purpose of analyzing Flux Power’s operating performance or financial position. Reconciliations of these non-GAAP financial measures to the most directly comparable GAAP financial measures are included in the tables at the end of this release.

 

 

 

 

 

About Flux Power

 

Flux Power (NASDAQ: FLUX) designs, manufactures, and sells advanced lithium-ion energy storage solutions for electrification of a range of industrial and commercial sectors including material handling and airport ground support equipment (GSE). Flux Power’s lithium-ion battery packs, including the proprietary battery management system (BMS) and telemetry, provide customers with a better performing, lower cost of ownership, and more environmentally friendly alternative, in many instances, to traditional lead acid and propane-based solutions. Lithium-ion battery packs reduce CO2 emissions and help improve sustainability and ESG metrics for fleets. For more information, please visit www.fluxpower.com.

 

Forward-Looking Statements

 

This release contains projections and other “forward-looking statements” relating to Flux Power’s business, that are often identified using “believes,” “expects” or similar expressions. Forward-looking statements include, but are not limited to, statements regarding Flux Power’s expectations with respect to revenue growth, profitability and its addressable market, the potential benefits of Flux Power’s new Vice President of Sales for Material Handling and quotes from management. Forward-looking statements involve several estimates, assumptions, risks, and other uncertainties that may cause actual results to be materially different from those anticipated, believed, estimated, expected, etc. Accordingly, forward-looking statements are not guarantees of future results. Some of the important factors that could cause Flux Power’s actual results to differ materially from those projected in any such forward-looking statements include, but are not limited to: Flux Power’s ability to amend its agreement with Gibraltar Business Capital, LLC and its continued access to its credit facility thereunder; Flux Power’s ability to secure sufficient funding to support its current and proposed operations; Flux Power’s ability to continue as a going concern; Flux Power’s ability to meet projected revenue targets and generate sufficient cash from operations; Flux Power’s ability to regain compliance with and continue to meet the continued listing standards of the Nasdaq Stock Market; the impact of tariffs on Flux Power’s ability to cost-effectively source battery packs and materials used in its products; Flux Power’s ability to obtain raw materials and other supplies for its products at existing or competitive prices and on a timely basis; Flux Power’s anticipated growth strategies and its ability to manage the expansion of its business operations effectively; Flux Power’s ability to maintain or increase its market share in the competitive markets in which it does business; Flux Power’s ability to grow its revenue, increase its gross profit margin and become a profitable business; Flux Power’s ability to fulfill its backlog of open sales orders due to delays in the receipt of key component parts and other potential manufacturing disruptions; Flux Power’s ability to keep up with rapidly changing technologies and evolving industry standards, including its ability to achieve technological advances; Flux Power’s dependence on the growth in demand for its products; Flux Power’s ability to compete with both peers and larger companies with far greater resources than it; Flux Power’s ability to reduce production costs of its product line through new designs, manufacturing and supply arrangements; Flux Power’s ability to shift to new suppliers and incorporate new components into its products in a manner that is not disruptive to its business; Flux Power’s ability to obtain and maintain UL Listings and OEM approvals for its energy storage solutions; Flux Power’s ability to diversify its product offerings and capture new market opportunities; Flux Power’s ability to source its needs for skilled labor, machinery, parts, and raw materials economically; Flux Power’s ability to retain and/or successfully recruit key members of its senior management team; Flux Power’s ability to diversify its customer base to reduce its current dependence on a few major customers; and the expense, timing and outcome of legal proceedings relating to Flux Power’s accounting practices, financial disclosures and employment policies and practices, investigations and information requests that may be initiated or that may be asserted. Actual results could differ from those projected due to numerous factors and uncertainties. Although Flux Power believes that the expectations, opinions, projections, and comments reflected in these forward-looking statements are reasonable, it can give no assurance that such statements will prove to be correct, and that Flux Power’s actual results of ‎operations, financial condition and performance will not differ materially from the ‎results of operations, financial condition and performance reflected or implied by these forward-‎looking statements. Undue reliance should not be placed on the forward-looking statements and investors should refer to the risk factors outlined in Flux Power’s Form 10-K, 10-Qs and other reports filed with the SEC and available at www.sec.gov/edgar. These forward-looking statements are made as of the date of this release, and Flux Power assumes no obligation to update these statements or the reasons why actual results could differ from those projected, except as required by applicable law.

 

Flux, Flux Power, and associated logos are trademarks of Flux Power Holdings, Inc. All other third-party brands, products, trademarks, or registered marks are the property of and used to identify the products or services of their respective owners.

 

Follow us at:

Blog: Flux Power Blog

News Flux Power News

Twitter: @Flux__Power

LinkedIn: Flux Power

 

 

 

 

 

FLUX POWER HOLDINGS, INC.

CONSOLIDATED STATEMENTS OF OPERATIONS

 

   (Unaudited) 
   Three months ended June 30,   Twelve months ended June 30, 
   2026   2025   2026   2025 
Revenues  $8,248,000   $16,737,000   $42,132,000   $66,434,000 
Cost of sales   5,991,000    10,965,000    29,415,000    44,694,000 
                     
Gross profit   2,257,000    5,772,000    12,717,000    21,740,000 
                     
Operating expenses:                    
Selling, general and administrative   3,739,000    5,487,000    16,377,000    22,304,000 
Research and development   618,000    1,045,000    2,814,000    4,464,000 
Total operating expenses   4,357,000    6,532,000    19,191,000    26,768,000 
                     
Operating loss   (2,100,000)   (760,000)   (6,474,000)   (5,028,000)
                     
Other expense, net   (19,000)   (27,000)   (121,000)   (81,000)
Interest expense, net   (193,000)   (392,000)   (853,000)   (1,565,000)
                    
Net loss  $(2,312,000)  $(1,179,000)  $(7,448,000)  $(6,674,000)
                    
Net loss per share - basic and diluted  $(0.11)  $(0.07)  $(0.38)  $(0.40)
                     
Weighted average number of common shares outstanding - basic and diluted   21,441,037    16,717,761    19,826,095    16,717,761 

 

 
 

 

 

FLUX POWER HOLDINGS, INC.

NON-GAAP NET LOSS ADJUSTMENTS

 

   (Unaudited) 
  Three months ended June 30,   Twelve months ended June 30, 
  2026   2025   2026   2025 
Net loss  $(2,312,000)  $(1,179,000)  $(7,448,000)  $(6,674,000)
                  
Non-GAAP adjustments to net loss:                    
Stock-based compensation   239,000    148,000    973,000    979,000 
Restatement and related costs   -    900,000    -    2,900,000 
Total Non-GAAP adjustments   239,000    1,048,000    973,000    3,879,000 
                     
Non-GAAP net loss   (2,073,000)   (131,000)   (6,475,000)   (2,795,000)
Non-GAAP net loss per share  $(0.10)  $(0.01)  $(0.33)  $(0.17)

 

FLUX POWER HOLDINGS, INC.

NON-GAAP OPERATING LOSS ADJUSTMENTS

 

   (Unaudited) 
  Three months ended June 30,   Twelve months ended June 30, 
  2026   2025   2026   2025 
Operating loss  $(2,100,000)  $(760,000)  $(6,474,000)  $(5,028,000)
                  
Non-GAAP adjustments to operating loss:                    
Stock-based compensation   239,000    148,000    973,000    979,000 
Restatement and related costs   -    900,000    -    2,900,000 
Total Non-GAAP adjustments   239,000    1,048,000    973,000    3,879,000 
                     
Non-GAAP operating loss  $(1,861,000)  $288,000   $(5,501,000)  $(1,149,000)

 

 
 

 

 

FLUX POWER HOLDINGS, INC.

CONSOLIDATED BALANCE SHEETS

 

   (Unaudited) 
   June 30,   June 30, 
   2026   2025 
ASSETS          
           
Current assets:          
Cash  $305,000   $1,334,000 
Accounts receivable, net of allowance for credit losses of $70,000 and $68,000 at June 30, 2026 and 2025, respectively   4,862,000    11,374,000 
Inventories, net   14,752,000    17,231,000 
Other current assets   781,000    1,865,000 
Total current assets   20,700,000    31,804,000 
           
Right of use assets, net   2,167,000    1,275,000 
Fixed assets, net of accumulated depreciation of $2,034,000 and $1,700,000 at June 30, 2026 and 2025, respectively   476,000    708,000 
Intangible assets, net of accumulated amortization of $2,459,000 and $1,969,000 at June 30, 2026 and 2025, respectively   763,000    846,000 
Other assets   92,000    119,000 
           
Total assets  $24,198,000   $34,752,000 
           
LIABILITIES AND STOCKHOLDERS’ EQUITY (DEFICIT)          
           
Current liabilities:          
Accounts payable  $8,473,000   $16,295,000 
Accrued expenses   4,124,000    7,058,000 
Line of credit   6,303,000    13,627,000 
Subordinated debt   -    1,000,000 
Deferred revenue   144,000    459,000 
Customer deposits   31,000    38,000 
Finance leases payable, current portion   52,000    80,000 
Office leases payable, current portion   862,000    815,000 
Accrued interest   58,000    246,000 
Total current liabilities   20,047,000    39,618,000 
           
Long term liabilities:          
Finance leases payable, less current portion   19,000    32,000 
Office leases payable, less current portion   1,274,000    506,000 
Deferred revenue, less current portion   300,000    - 
           
Total liabilities   21,640,000    40,156,000 
           
Stockholders’ equity (deficit):          
Preferred stock, $.001 par value; 3,000,000 and 500,000 shares authorized at June 30, 2026 and 2025, respectively; none issued and outstanding   -    - 
Common stock, $0.001 par value; 75,000,000 shares authorized; 21,580,992 and 16,835,698 issued and outstanding at June 30, 2026 and 2025, respectively   22,000    17,000 
Additional paid-in capital   116,370,000    100,965,000 
Accumulated deficit   (113,834,000)   (106,386,000)
Total stockholders’ equity (deficit)   2,558,000    (5,404,000)
Total liabilities and stockholders’ equity (deficit)  $24,198,000   $34,752,000 

 

 
 

 

 

FLUX POWER HOLDINGS, INC.

ADJUSTED EBITDA RECONCILIATION

 

   (Unaudited) 
  Three Months Ended June 30,   Twelve Months Ended June 30, 
  2026   2025   2026   2025 
Net loss  $(2,312,000)  $(1,179,000)  $(7,448,000)  $(6,674,000)
Add:                       
Interest expense, net   193,000    392,000    853,000    1,565,000 
Income tax provision   -    -    -    - 
Depreciation and amortization   234,000    252,000    979,000    1,002,000 
EBITDA   (1,885,000)   (535,000)   (5,616,000)   (4,107,000)
Add:                       
Restatement and related costs   -    900,000    -    2,900,000 
Stock-based compensation   239,000    148,000    973,000    979,000 
Financing costs   23,000    27,000    137,000    81,000 
Adjusted EBITDA  $(1,623,000)  $540,000   $(4,506,000)  $(147,000)

 

Contacts

 

Media:

media@fluxpower.com

info@fluxpower.com

 

External Investor Relations:

Leanne Sievers

Shelton Group

flux-ir@sheltongroup.com

 

 

 

 

Filing Exhibits & Attachments

5 documents