Financial StabilityThe company raised approximately $5 million from a private placement, alleviating concerns around growth capital requirements.
Order ExpansionThe company announced several orders, including a $2.4M order from a global food and beverage distribution company, and another order from an airline customer, doubling the number of North American airlines served to eight from last year.
Revenue GrowthFlux Power reported a 25% year-over-year increase in revenues, reaching $16.7 million for the quarter.