Flux Power Holdings ( (FLUX) ) has released a notification of late filing.
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Flux Power Holdings, Inc. has issued a Form 12b-25 to notify the delay in filing its Form 10-Q (Quarter Report) for the period ending December 31, 2024. The delay is attributed primarily to the late completion of its Form 10-K (Yearly Report) due to restatements of past financial statements, a change in their independent auditor, and ongoing efforts to finalize unaudited financial statements for previous quarters. The company has not provided a specific timeline for the expected filing but aims to complete it as soon as practicable. Financially, Flux Power Holdings anticipates a significant increase in administrative expenses, resulting in approximately $1 million and $500,000 increase in net loss for the three and six months ended December 31, 2024, respectively, compared to the previous year. These figures are preliminary, and actual results may vary. The company is committed to ensuring compliance and has authorized this notification under the signature of Kevin Royal, Chief Financial Officer.
More about Flux Power Holdings
YTD Price Performance: -6.32%
Average Trading Volume: 91,179
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $27.19M
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