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