Flux Power Q1 revenue falls to $6.76M as loss widens
Flux Power said its largest material-handling customer placed an order after previously pausing orders; operating expenses fell 22% year over year.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Rhea-AI Filing Summary
Flux Power Holdings, Inc. (FLUX) reported fiscal first-quarter revenue of $6.758 million for the three months ended September 30, 2026, compared with $13.175 million in the same quarter a year earlier. Gross profit was $1.673 million, or 24.8% of revenue, and net loss was $3.170 million, or $0.15 per share, compared with a $2.562 million net loss a year earlier.
Operating expenses were $4.632 million, down 22% year over year, while operating loss was $2.959 million and adjusted EBITDA was negative $2.566 million. Cash was $409,000 and stockholders’ deficit was $431,000 as of September 30, 2026. Flux Power said its largest material-handling customer placed an order after previously pausing orders, and that it is evaluating financing alternatives and strategic partnerships.
For fiscal second-quarter 2027, Flux Power guided revenue to $7 million to $8 million. Its risk factors include an event of default under its agreement with Gibraltar Business Capital, as well as funding, credit-facility access and going-concern risks.
How this balance works
Rhea-AI gives every point it takes from this document a weight. Minor counts 1, Moderate 3 and Major 9, so one Major point outweighs several Minor ones. The bar adds up the weights on each side, and when neither side holds more than 65% of the total the balance reads Mixed.
It reads the document as published, with the same rules for every company, and it does not look at what the market expected or at how the stock traded, so a point can be objectively good on a day the stock falls.
Rhea-AI Sentiment measures something else, the tone of the wording.
Positive
- None.
Negative
- Major pointRevenue: $6.758 million, versus $13.175 million in the year-earlier quarter.
- Major pointCredit agreement: disclosed an event of default and cited facility-access risk.
- Moderate pointNet loss: $3.170 million, compared with $2.562 million a year earlier.
8-K Event Classification
Key Figures
Key Terms
adjusted EBITDA financial
non-GAAP financial measures financial
stock-based compensation financial
battery management system (BMS) technical
Earnings Snapshot
Fiscal second-quarter 2027 revenue: $7 million to $8 million.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
How much revenue did FLUX report for fiscal Q1 2027?
What revenue did FLUX guide for fiscal Q2 2027?
Why did FLUX's operating expenses decrease?
How did FLUX's adjusted EBITDA compare with the year-ago quarter?
AI-generated analysis. How Rhea-AI works. Not financial advice.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of the Securities Exchange Act of 1934
Date
of Report (Date of earliest event reported):
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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 | ||
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 November 3, Flux Power Holdings, Inc. (the “Company”) issued a press release announcing, among other things, limited financial and operational information for its fiscal first quarter ended September 30, 2026 and provided certain forward-looking performance estimates. In addition, the Company will hold a conference call on November 3, 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 November 3, 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: November 3, 2026 | ||
Exhibit 99.1
Flux Power Reports 2027 Fiscal First Quarter Financial Results
Vista, CA — November 3, 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 2027 fiscal first quarter ended September 30, 2026.
2027 Fiscal First Quarter and Recent Business Highlights
| ● | Revenue for the 2027 fiscal first quarter was $6.8 million | |
| ● | Operating expenses for the 2027 fiscal first quarter decreased by 22% from the 2026 fiscal first quarter | |
| ● | Received an order from our largest material handling customer | |
| ● | Continued to expand reach in the new market vertical of Robotics with a global technology platform customer | |
| ● | Accelerated dealer engagement and momentum following achievement of Hyster-Yale certification last quarter | |
| ● | Announced three product innovations spanning battery safety with integrated gas detection, expanded material handing applications to additional truck models and equipment categories, and extended connected fleet intelligence with battery location and intelligent charging alerts | |
| ● | Guiding
2027 fiscal second quarter revenue to be in the range of |
CEO Commentary
“We
continued to make meaningful progress across our key operational and sales initiatives, executing with discipline and positioning the
Company for accelerated growth,” said Krishna Vanka, CEO of Flux Power. “I am proud that the team delivered on our $6.8 million
revenue commitment this quarter, despite facing multiple headwinds across the business. I am also pleased to announce that our most significant
customer who
To complement these efforts, we launched a go-to-market campaign targeting the 500 largest end-user accounts in North America. This campaign adds a direct, enterprise-level dialogue with the operators of the largest fleets. We are also converting early wins and securing follow-on orders in high-growth new verticals, such as Robotics, with our initial global technology platform customer. We are also leveraging our S-Series as an anchor product for white-label opportunities and advancing a more integrated supply-chain model that is designed to improve scale and gross margin potential.
“Taken
together, these developments reflect a commercial strategy that
2027 Fiscal First Quarter Financial Results
Revenue for the 2027 fiscal first fiscal quarter was $6.8 million, compared to $8.2 million in the prior quarter and $13.2 million in the same quarter a year ago. Gross profit for the fiscal first quarter of 2027 was $1.7 million, or 24.8% of revenue, compared to $2.3 million, or 27.4% of revenue, in the prior quarter and $3.8 million, or 28.6% of revenue, in same quarter a year ago.
Operating expenses for the 2027 fiscal first quarter were $4.6 million, compared to $4.4 million in the prior quarter and $5.9 million in the same quarter a year ago. The year-over-year decrease in operating expenses primarily reflects the benefit of previous actions to reduce headcount and streamline the operating model.
Operating loss for the 2027 fiscal first quarter was $3.0 million, compared to an operating loss of $2.1 million in the prior quarter and an operating loss of $2.2 million in the same quarter a year ago. Excluding costs associated with stock-based compensation, the 2027 fiscal first quarter non-GAAP operating loss was $2.8 million, compared to a non-GAAP operating loss of $1.9 million in the prior quarter and $2.0 million in the same quarter a year ago.
Net loss for the 2027 fiscal first quarter was $3.2 million, or ($0.15) per share, compared to a net loss of $2.3 million, or ($0.11) per share, in the prior quarter and a net loss of $2.6 million, or ($0.15) per share, in the same quarter a year ago. Excluding the above-referenced stock-based compensation costs, the 2027 fiscal first quarter non-GAAP net loss was $3.0 million, or ($0.14) per share, compared to a non-GAAP net loss of $2.1 million, or ($0.10) per share, in the prior quarter and a non-GAAP net loss of $2.4 million, or ($0.14) per share, in the same quarter a year ago.
Adjusted EBITDA for the 2027 fiscal first quarter was negative $2.6 million, compared to a negative $1.6 million in the prior quarter and a negative $1.7 million in the same quarter a year ago.
Balance Sheet
Cash as of September 30, 2026 was $0.4 million, compared to $0.3 million as of June 30, 2026. Flux Power is currently evaluating potential financing alternatives and strategic partnerships to ensure the Company has the financial flexibility necessary to continue executing on its operating strategy.
Conference Call
Flux Power will host a conference call on Tuesday, November 3, 2026, at 1:30 p.m. Pacific Time (4:30 p.m. Eastern Time) to discuss its 2027 fiscal first quarter financial results. To access the call, please use the following information:
Date: Tuesday, November 3, 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 November 10, 2026. The replay dial-in number is 1-855-669-9658, and the access code 3796341. 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
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.
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Contacts
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info@fluxpower.com
External Investor Relations:
Leanne Sievers
Shelton Group
flux-ir@sheltongroup.com