Revenue and Gross Profit Growth
Revenue for the third fiscal quarter increased by 16% to $16.7 million compared to $14.5 million in the same quarter of 2024. Gross profit increased by 32.5% to $5.3 million, with a gross margin increase from 28% to 32%.
Sky EMS Platform Advancements
The Sky EMS platform is being piloted with select customers and has received a patent for intelligent battery life cycle maximization. This platform is key to Flux Power's transition to a tech-driven energy solutions provider.
Reduced Net Loss
Net loss for the third fiscal quarter of 2025 was reduced to $1.9 million from $3 million in the same quarter of 2024, attributed to increased gross profit.
Increase in Demand
Higher demand was reported in the material handling and ground support equipment markets, with unit growth of 10% and 25%, respectively.
Strategic Initiatives and Innovation
Five strategic initiatives were outlined, focusing on profitable growth, operational efficiencies, solution selling, product innovation, and software-driven recurring revenue.