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Flux Power Holdings
(NASDAQ:FLUX)
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Rating:42Neutral
Price Target:
$0.75
▼(-44.81% Downside)
Action:Reiterated
Date:05/18/26
The score is held down primarily by weak financial performance (declining TTM revenue, ongoing losses, and materially negative TTM operating/free cash flow) and bearish technicals (price below key moving averages with negative MACD). Modest offsets include management’s Q4 sequential growth guidance and margin-improvement initiatives, but liquidity/financing risks (loan default disclosure and potential dilution from the equity facility) remain significant.
Positive Factors
Large addressable market and electrification tailwinds
Structural demand for lithium-ion motive power is large and secular. Growing electric share and rising Li-ion penetration create multi-year addressable-market expansion for Flux’s battery systems, supporting sustainable revenue potential as fleets electrify and replacement cycles repeat.
Negative Factors
Negative cash generation
Persistent cash burn undermines financial resilience and forces reliance on external funding. Negative operating and free cash flow constrain the company’s ability to fund inventory, product redesigns, and OEM programs internally, raising execution and dilution risk until cash flow turns positive.
Read all positive and negative factors
Positive Factors
Negative Factors
Large addressable market and electrification tailwinds
Structural demand for lithium-ion motive power is large and secular. Growing electric share and rising Li-ion penetration create multi-year addressable-market expansion for Flux’s battery systems, supporting sustainable revenue potential as fleets electrify and replacement cycles repeat.
Read all positive factors
Flux Power Holdings Key Performance Indicators (KPIs)
Any
Backlog
Represents the value of unfulfilled orders, showing future revenue visibility and overall product demand strength.
Represents the value of unfulfilled orders, showing future revenue visibility and overall product demand strength.
Data provided by:
The Fly
The FlyFlux Power Holdings (FLUX) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$16.59M
Dividend YieldN/A
Average Volume (3M)99.75K
Price to Earnings (P/E)―
Beta (1Y)1.85
Revenue Growth-19.55%
EPS Growth31.32%
CountryUS
Employees119
SectorIndustrials
Sector Strength72
IndustryElectrical Equipment & Parts
Share Statistics
EPS (TTM)-0.34
Shares Outstanding21,361,383
10 Day Avg. Volume96,107
30 Day Avg. Volume99,753
Financial Highlights & Ratios
PEG Ratio0.19
Price to Book (P/B)-4.67
Price to Sales (P/S)0.38
P/FCF Ratio-587.07
Enterprise Value/Market Cap1.30
Enterprise Value/Revenue0.42
Enterprise Value/Gross Profit1.32
Enterprise Value/Ebitda-4.78
Forecast
1Y Price Target
$5.00Price Target Upside270.37% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)-0.04
Revenue Forecast (FY)$60.20M
Flux Power Holdings Business Overview & Revenue Model
Company Description
Flux Power Holdings, Inc., through its subsidiary Flux Power, Inc., is a U.S.-based entity specializing in the design, development, manufacture, and sale of advanced lithium-ion energy storage solutions. These power systems are engineered for dive...
How the Company Makes Money
Flux Power primarily makes money by selling lithium-ion battery packs and energy storage systems to customers (and through channel partners) that deploy these batteries in industrial equipment and vehicle fleets. Revenue is largely generated from ...
Flux Power Holdings Earnings Call Summary
Earnings Call Date:May 07, 2026
(Q3-2026)
| % Change Since: |
Next Earnings Date:Sep 17, 2026
Earnings Call Sentiment Negative
The call communicated significant strategic progress (cost cuts, product wins, award recognition, OEM engagement, digital go-to-market efforts) and provided a near-term revenue recovery target (+20% sequential in Q4). However, these positives are overshadowed by severe near-term financial deterioration: revenue collapsed ~60% year-over-year, gross margins declined, losses and negative adjusted EBITDA widened, and the cash balance is down materially to $400K. The company faces material near-term demand risk from a large customer's capital freeze and delayed realization of margin improvements.Positive Updates
Operating Expense Reduction
Operating expenses decreased to $4.8M in Q3 FY2026 from $6.9M in Q3 FY2025, a reduction of approximately 30% year-over-year driven by targeted headcount reductions and efficiency actions.
Negative Updates
Sharp Revenue Decline
Consolidated revenue for Q3 FY2026 was $6.6M versus $16.7M in Q3 FY2025, a year-over-year decline of approximately 60.5%, driven by a large material handling customer's capital freeze, dynamic ordering patterns, and geopolitical-driven delays in customer spending.
Read all updates
Q3-2026 Updates
Positive
Negative
Operating Expense Reduction
Operating expenses decreased to $4.8M in Q3 FY2026 from $6.9M in Q3 FY2025, a reduction of approximately 30% year-over-year driven by targeted headcount reductions and efficiency actions.
Read all positive updates
Company Guidance
Management guided to approximately 20% sequential revenue growth in Q4 (implying roughly $7.9M vs Q3 revenue of $6.6M) and said order activity should return to prior levels once near‑term headwinds subside, while pursuing margin improvement via supply‑chain optimization, vendor renegotiations and product redesign (12–15 month rollout) toward a longer‑term gross‑margin target near 40%. Key Q3 metrics: revenue $6.6M, gross margin 27.3% (down from 32% YoY), operating expenses $4.8M (down ~30% YoY from $6.9M), net loss $3.2M (−$0.15/sh), non‑GAAP net loss excluding stock‑based comp $2.9M (−$0.14/sh), adjusted EBITDA −$2.5M, cash $0.4M (vs $1.3M at FY2025 end) with about $4.6M collected from receivables; broader market context cited: global forklift market ≈ $87B (2025), North America electric share 65%, lithium‑ion penetration 32% (end 2024) projected to exceed 70% by 2034 with a 2027 lead‑acid crossover and NA forklift CAGR ~17.2% through 2031.Flux Power Holdings Financial Statement Overview
Summary
Income Statement
34
Negative
Balance Sheet
38
Negative
Cash Flow
22
Negative
| Breakdown | TTM | Jun 2025 | Dec 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 50.62M | 66.43M | 60.82M | 66.49M | 42.33M | 26.26M |
| Gross Profit | 16.23M | 21.74M | 17.23M | 15.89M | 5.61M | 5.79M |
| EBITDA | -4.50M | -4.03M | -5.57M | -5.50M | -15.65M | -11.90M |
| Net Income | -6.32M | -6.67M | -8.33M | -7.74M | -16.47M | -12.79M |
Balance Sheet | ||||||
| Total Assets | 25.60M | 34.75M | 32.30M | 35.70M | 29.06M | 26.26M |
| Cash, Cash Equivalents and Short-Term Investments | 372.00K | 1.33M | 643.00K | 2.38M | 485.00K | 4.71M |
| Total Debt | 6.54M | 16.06M | 16.16M | 13.03M | 7.75M | 3.30M |
| Total Liabilities | 20.99M | 40.16M | 32.11M | 26.16M | 16.95M | 13.26M |
| Stockholders Equity | 4.61M | -5.40M | 194.00K | 9.55M | 12.11M | 13.01M |
Cash Flow | ||||||
| Free Cash Flow | -7.42M | -43.00K | -5.65M | -4.61M | -24.69M | -19.46M |
| Operating Cash Flow | -7.26M | 610.00K | -4.80M | -3.57M | -23.89M | -18.36M |
| Investing Cash Flow | -560.00K | -653.00K | -853.00K | -1.02M | -797.00K | -1.10M |
| Financing Cash Flow | 7.69M | 734.00K | 3.92M | 6.49M | 20.46M | 23.45M |
Flux Power Holdings Technical Analysis
Negative
1.35
Price Trends
0.98
Negative
1.13
Negative
1.83
Negative
Market Momentum
-0.06
Negative
41.32
Neutral
11.76
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 1.35 is above the 20-day moving average (MA) of 0.83, above the 50-day MA of 0.98, and below the 200-day MA of 1.83, indicating a bearish trend. The MACD of -0.06 indicates Negative momentum. The RSI at 41.32 is Neutral, neither overbought nor oversold. The STOCH value of 11.76 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for FLUX.
Flux Power Holdings Risk Analysis
Flux Power Holdings disclosed 33 risk factors in its most recent earnings report. Flux Power Holdings reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Flux Power Holdings Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
63 Neutral | $97.44M | -11.81 | -6.14% | ― | 8.42% | -254.85% | |
55 Neutral | $1.91B | -3.11 | -145.77% | ― | 1459.55% | 34.17% | |
46 Neutral | $44.96M | -2.67 | -14.94% | ― | 50.51% | -4669.05% | |
42 Neutral | $16.59M | -2.31 | -737.52% | ― | -19.55% | 31.32% | |
41 Neutral | $18.20M | -0.85 | 209.00% | ― | ― | 72.29% | |
40 Underperform | $24.97M | -0.25 | -926.77% | ― | -73.24% | 53.32% |
* Industrials Sector Average
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Flux Power Holdings Corporate Events
Business Operations and StrategyPrivate Placements and Financing
Flux Power Establishes $40 Million Equity Financing Facility
Positive
May 18, 2026
On May 15, 2026, Flux Power Holdings entered into a common stock purchase agreement and related registration rights agreement with Roth Principal Investments, establishing a committed equity facility of up to $40 million in company common stock, s...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.