Flux Power Holdings ( (FLUX) ) has released its Q1 earnings. Here is a breakdown of the information Flux Power Holdings presented to its investors.
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Flux Power Holdings, Inc. is a prominent developer of advanced lithium-ion energy storage solutions, focusing on the electrification of commercial and industrial equipment across various sectors, including material handling and airport ground support equipment.
In its fiscal year 2026 first-quarter earnings report, Flux Power Holdings announced a temporary dip in revenue due to macroeconomic uncertainties, yet highlighted significant achievements such as securing large orders from major airlines and advancing its software platform to production status.
Key financial metrics revealed a revenue of $13.2 million, down from $16.1 million in the previous year, with a gross profit of $3.8 million. The company reported a net loss of $2.6 million, or $0.15 per share, compared to a net loss of $1.7 million in the prior year. Despite these figures, Flux Power successfully raised $13.8 million in new capital, strengthening its financial position.
Strategically, Flux Power expanded its market reach by receiving UL listings for its products, opening new opportunities in various industries, and continued to focus on cost reductions to achieve profitability. The company also regained compliance with Nasdaq’s listing requirements, further solidifying its market presence.
Looking ahead, Flux Power’s management remains optimistic about future growth, driven by its robust product portfolio and increased market opportunities. The company aims to leverage its strengthened financial position to pursue profitability and expand its customer base in the coming quarters.