Flux Power reports Q3 revenue $16.7M, consensus $16.5Mv

“The third quarter of fiscal 2025 was underscored by revenue and margin momentum as we expanded products and software to support the new orders reflecting an industry wide shift to lithium-ion solutions,” said Krishna Vanka, Flux Power’s (FLUX) CEO. “Increasing demand in material handling and ground support markets drove unit growth of 10% and 25% respectively during the quarter. At a longer time horizon, over the last calendar year, six new large North American airlines have placed purchase orders totaling over $6 million with more orders expected this year, and approximately $20 million in total GSE orders. Further fueled by an open order backlog of $16.9 million as of March 31, 2025, we are well positioned to benefit from the transition to a cleaner, more efficient lithium-ion powered solutions.”