Flux Power Holdings (FLUX) AI Stock Analysis

• Market Cap: $27.25M
• Dividend Yield: N/A
• Average Volume (3M): 122.40K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.45
• Revenue Growth: -1.45%
• EPS Growth: -15.76%
• Country: US
• Employees: 119
• Sector: Industrials
• Sector Strength: 86
• Industry: Electrical Equipment & Parts
• EPS (TTM): -0.12
• Shares Outstanding: 16,818,642
• 10 Day Avg. Volume: 72,607
• 30 Day Avg. Volume: 122,396
• PEG Ratio: -0.47
• Price to Book (P/B): -7.04
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 10.44
• Enterprise Value/Market Cap: 1.60
• Enterprise Value/Revenue: 0.18
• Enterprise Value/Gross Profit: 2.28
• Enterprise Value/Ebitda: -1.94
• 1Y Price Target: $5.75
• Price Target Upside: 232.37% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 5

• Rating: 54 Neutral
• Price Target: $2.00 ▲(15.61%Upside)

Flux Power Holdings faces significant financial challenges, including negative profitability and high leverage, which weigh heavily on the overall stock score. However, positive earnings call sentiment and strategic initiatives in product innovation and market positioning provide some optimism. Technical indicators are neutral, and valuation remains challenging due to persistent losses.

Positive Factors

Bookings

Bookings reached $32.6M in the first half of fiscal year 2025, significantly increasing compared to $15.6M in the second half of fiscal year 2024.

Financial Position

The company improved its financial position by ending the second quarter of fiscal year 2025 with $0.9M in cash and reducing debt to $9.7M.

Leadership

The appointment of Krishna Vanka as CEO, who has experience leading a major energy company, is seen as a positive leadership change.

Negative Factors

Macroeconomic Conditions

FY24 results were impacted by higher interest rates and macroeconomic concerns that postponed orders.

Orders

Orders of $50.3M in FY24 were down 16% y/y, resulting in a book-to-bill of 0.8x for the year.

Revenue

FY24 revenue of $60.8M, down 8.5% y/y, missed analyst's estimate and consensus.

Flux Power Holdings Business Overview & Revenue Model

Company Description

Flux Power Holdings, Inc., through its subsidiary Flux Power, Inc., designs, develops, manufactures, and sells lithium-ion energy storage solutions for lift trucks, airport ground support equipment, and other industrial and commercial applications in the United States. It offers battery management system (BMS) that provides cell balancing, charging, discharging, monitoring, and communication between the pack and the forklift. The company also provides 24-volt onboard chargers for its Class 3 Walkie LiFT packs; and smart wall mounted chargers to interface with its BMS. The company sells its products directly to small companies and end-users, as well as through original equipment manufacturers, lift equipment dealers, and battery distributors. Flux Power Holdings, Inc. was incorporated in 1998 and is based in Vista, California.

How the Company Makes Money

Flux Power Holdings makes money primarily through the sale of its lithium-ion battery packs and battery management systems. These products are sold directly to original equipment manufacturers (OEMs) and end-users in various industrial sectors. The company's revenue model revolves around the manufacturing and distribution of custom battery solutions to meet the specific needs of industrial customers, such as those in the material handling, airport ground support, and other sectors requiring reliable and efficient energy storage systems. Key revenue streams include product sales and service contracts, and the company may also engage in partnerships with OEMs to integrate its technology into their industrial vehicles and equipment. Significant factors contributing to its earnings include the growing demand for environmentally friendly and efficient energy solutions and the company's ability to deliver high-quality, reliable products.

Flux Power Holdings Financial Statement Overview

Summary

Flux Power Holdings faces financial challenges with negative net income and EBIT, and a negative equity ratio indicating solvency concerns. Despite these, there is improvement in gross profit margin and free cash flow.

Income Statement

The company has shown some revenue growth, with TTM revenue increasing from the previous year. However, persistent negative net income and EBIT indicate ongoing profitability challenges. The gross profit margin has improved to 30.3% in TTM, but the net profit margin remains negative, reflecting continued losses. EBITDA margin also remains negative, indicating insufficient operating efficiency.

Balance Sheet

Flux Power Holdings exhibits high financial leverage, with a negative stockholders' equity in the TTM period, indicating potential solvency issues. The debt-to-equity ratio is not calculable due to negative equity, posing significant financial risk. The equity ratio has deteriorated to negative, further highlighting financial instability.

Cash Flow

The company's cash flow position shows improvement, with a positive free cash flow in the TTM period. However, the operating cash flow to net income ratio suggests that cash operations are not yet fully covering net losses. Despite improved free cash flow, the company still faces challenges in sustaining positive cash flows over time.

Breakdown	Jun 2024	Jun 2023	Jun 2022	Jun 2021	Jun 2020
Income Statement
Total Revenue	60.82M	66.34M	42.33M	26.26M	16.84M
Gross Profit	17.23M	17.10M	6.29M	5.79M	2.19M
EBITDA	-5.57M	-4.50M	-15.65M	-11.50M	-12.41M
Net Income	-8.33M	-6.74M	-16.47M	-12.79M	-14.34M
Balance Sheet
Total Assets	32.30M	35.70M	30.88M	26.26M	13.97M
Cash, Cash Equivalents and Short-Term Investments	643.00K	2.38M	485.00K	4.71M	726.00K
Total Debt	16.16M	13.03M	7.75M	3.30M	12.26M
Total Liabilities	32.11M	26.16M	16.95M	13.26M	20.39M
Stockholders Equity	4.40M	9.55M	13.93M	13.01M	-6.42M
Cash Flow
Free Cash Flow	-5.65M	-4.61M	-24.69M	-19.46M	-8.67M
Operating Cash Flow	-4.80M	-3.57M	-23.89M	-18.36M	-8.34M
Investing Cash Flow	-853.00K	-1.02M	-797.00K	-1.10M	-323.00K
Financing Cash Flow	3.92M	6.49M	20.46M	23.45M	9.29M

Flux Power Holdings Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 1.73
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For FLUX, the sentiment is Negative. The current price of 1.73 is below the 20-day moving average (MA) of 1.95, above the 50-day MA of 1.72, and below the 200-day MA of 1.84, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 40.81 is Neutral, neither overbought nor oversold. The STOCH value of 4.76 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for FLUX.

Flux Power Holdings Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	65 Neutral	$10.84B	16.29	5.52%	2.09%	3.14%	-29.96%
ENVX	57 Neutral	$2.59B	―	-68.46%	―	60.23%	51.95%
PPSI	56 Neutral	$34.70M	―	-43.18%	―	-19.60%	-483.35%
FLUX	54 Neutral	$27.25M	―	-1582.76%	―	-1.45%	-15.76%
IPWR	50 Neutral	$40.07M	―	-57.21%	―	-93.03%	24.28%
OESX	45 Neutral	$20.11M	―	-68.57%	―	-11.99%	0.06%
GWH	43 Neutral	$25.86M	―	-172.05%	―	-58.05%	-6.90%

Flux Power Holdings Corporate Events

Flux Power Holdings Amends Financial Agreements for Flexibility

On July 16, 2025, Flux Power Holdings, Inc. amended its financial agreements with Cleveland Capital, L.P. and Gibraltar Business Capital, LLC. The amendments extended the due date of a promissory note with Cleveland Capital and adjusted the maturity date of a loan agreement with Gibraltar Business Capital, potentially extending it to July 31, 2027, under certain conditions. These changes reflect strategic financial management aimed at enhancing the company’s liquidity and operational flexibility.

The most recent analyst rating on (FLUX) stock is a Buy with a $4.00 price target. To see the full list of analyst forecasts on Flux Power Holdings stock, see the FLUX Stock Forecast page.

Flux Power Holdings Enters $2.9M Securities Purchase Agreement

On July 18, 2025, Flux Power Holdings, Inc. entered into a Securities Purchase Agreement with accredited investors for an initial amount of approximately $2.9 million, with plans to sell up to $5 million in Prefunded Warrants. The proceeds from this private placement will be used for general corporate purposes and growth capital. The agreement includes the issuance of Series A Convertible Preferred Stock and Common Warrants, with specific rights and preferences, including conversion rights, voting rights, and dividend provisions. The closing of the private placement is contingent upon customary conditions, including shareholder approval to amend the company’s articles of incorporation.

The most recent analyst rating on (FLUX) stock is a Buy with a $4.00 price target. To see the full list of analyst forecasts on Flux Power Holdings stock, see the FLUX Stock Forecast page.

Flux Power Holdings Settles Class Action Lawsuit

On July 11, 2025, Flux Power Holdings, Inc. reached a settlement to resolve a class action lawsuit involving the company and its former executives. The settlement involves a $1.75 million escrowed fund to cover payments to the settlement class, with the company’s liability insurers expected to fund $1.15 million and the company contributing approximately $600,000. The settlement class includes individuals who purchased the company’s stock between November 15, 2021, and February 14, 2025. The settlement is subject to court approval, and if not approved, the settlement class will be decertified.

The most recent analyst rating on (FLUX) stock is a Buy with a $4.00 price target. To see the full list of analyst forecasts on Flux Power Holdings stock, see the FLUX Stock Forecast page.

Flux Power Holdings Concludes Annual Stockholder Meeting

On May 28, 2025, Flux Power Holdings held its 2025 Annual Stockholder Meeting (ASM) where 81.5% of the company’s common stock was represented. During the meeting, all director nominees were elected, and most proposals passed, except for the amendment to increase preferred stock, which did not receive enough votes. The meeting also approved the 2025 Equity Incentive Plan, an increase in authorized common stock, and the ratification of Haskell & White LLP as the independent accounting firm for the fiscal year ending June 30, 2025.

The most recent analyst rating on (FLUX) stock is a Buy with a $4.00 price target. To see the full list of analyst forecasts on Flux Power Holdings stock, see the FLUX Stock Forecast page.

Flux Power Holdings Reports 16% Revenue Increase

On May 8, 2025, Flux Power Holdings reported a 16% increase in revenue for the third fiscal quarter of 2025, reaching $16.7 million, driven by strong demand for its lithium-ion solutions. The company launched new products, including the G-Series G96 High Voltage lithium-ion energy solution for the airline industry’s ground support equipment, and introduced the SkyEMS software platform to enhance battery life management. Flux Power also received significant orders from airlines and medical equipment suppliers, and announced leadership changes with Krishna Vanka as the new CEO. The company’s strategic focus on software-driven energy solutions and AI-based innovations positions it for sustainable growth and recurring revenue streams.