Cost ManagementThe adverse impact on the financials was partially mitigated by the company’s successful cost containment efforts that involved a reduction-in-force initiative.
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.