Flux Power Holdings (FLUX)
NASDAQ:FLUX
Top Page
Flux Power Holdings
(NASDAQ:FLUX)
Select Model
Select Model
Rating:45Neutral
Price Target:
$1.00
▼(-12.28% Downside)
Action:ReiteratedDate:04/04/26
The score is held down primarily by ongoing TTM losses and negative cash flow, plus heightened liquidity risk from the disclosed loan default. Technicals also remain weak with the stock trading below all major moving averages and negative MACD. These risks are partially offset by a modest P/E and meaningful operational progress highlighted on the earnings call (first profitable quarter and margin/expense improvements), though near-term demand uncertainty from a major customer capital freeze limits confidence in sustainability.
Positive Factors
Installed Base & Software Monetization
A large installed base (30,000+ batteries) plus tiered Sky EMS/SkyLink software creates a durable recurring‑revenue vector. Over months, software monetization can shift mix to higher margins, improve customer stickiness, and generate predictable lifetime value from deployed units.
Negative Factors
Loan Covenant Breach / Default
A covenant breach and event of default materially elevates financing and operational risk. Creditor remedies could curtail the credit line, force near-term repayment, or impose tighter terms, reducing liquidity and constraining investments or working capital over the coming months.
Read all positive and negative factors
Positive Factors
Negative Factors
Installed Base & Software Monetization
A large installed base (30,000+ batteries) plus tiered Sky EMS/SkyLink software creates a durable recurring‑revenue vector. Over months, software monetization can shift mix to higher margins, improve customer stickiness, and generate predictable lifetime value from deployed units.
Read all positive factors
Flux Power Holdings (FLUX) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$23.26M
Dividend YieldN/A
Average Volume (3M)112.49K
Price to Earnings (P/E)10.4
Beta (1Y)1.67
Revenue Growth2.14%
EPS Growth5.01%
CountryUS
Employees119
SectorIndustrials
Sector Strength72
IndustryElectrical Equipment & Parts
Share Statistics
EPS (TTM)0.03
Shares Outstanding21,340,136
10 Day Avg. Volume57,397
30 Day Avg. Volume112,490
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 Cap1.12
Enterprise Value/Revenue0.43
Enterprise Value/Gross Profit1.33
Enterprise Value/Ebitda-9.63
Forecast
1Y Price Target
$5.33Price Target Upside367.54% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering3
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
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...
How the Company Makes Money
Flux Power primarily makes money by selling lithium-ion battery packs and related energy storage solutions to customers using industrial and commercial electric equipment, with a major focus on the material handling/forklift market. Revenue is gen...
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 Earnings Call Summary
Earnings Call Date:Feb 12, 2026
(Q2-2026)
| % Change Since: |
Next Earnings Date:May 07, 2026
Earnings Call Sentiment Neutral
The call presented meaningful operational and financial progress: a first-ever profitable quarter, sizable sequential margin and expense improvements, positive adjusted EBITDA, and substantial product and software advancements (SkyLink, Sky EMS, state-of-health patent) that create a path to recurring revenue. However, material near-term risk was highlighted by a major customer's capital freeze that may significantly reduce revenue in Q3 and parts of calendar 2026, plus a modest cash balance and tariff-related cost pressures. On balance the company demonstrated strong internal execution and product differentiation but faces tangible short-term demand and liquidity risks that will determine whether profitability is sustained while new sales efforts ramp.Positive Updates
First-Time Net Profitability
Reported net income of $600,000 ($0.03/share) in Q2 FY2026, the company's first profitable quarter in its history, compared to net losses of $2.6M in the prior quarter and $1.9M in the year-ago quarter.
Negative Updates
Major Customer Capital Freeze — Near-Term Revenue Risk
The company's largest customer communicated a capital freeze that may materially reduce revenue in Q3 and could impact a significant portion of calendar 2026, creating substantial near-term demand uncertainty.
Read all updates
Q2-2026 Updates
Positive
Negative
First-Time Net Profitability
Reported net income of $600,000 ($0.03/share) in Q2 FY2026, the company's first profitable quarter in its history, compared to net losses of $2.6M in the prior quarter and $1.9M in the year-ago quarter.
Read all positive updates
Company Guidance
Management guided that, despite achieving Q2 profitability (Q2 revenue $14.1M; gross margin 34.7%, a 610‑basis‑point sequential increase; operating expenses $4.1M, ~31% lower sequentially; net income $600K or $0.03/share; non‑GAAP net income $1.0M or $0.04/share; adjusted EBITDA +$1.5M; cash $900K; $16M borrowing capacity) they expect materially lower revenue in Q3 as a significant customer has implemented a capital freeze that may impact a sizable portion of calendar 2026, and have therefore enacted further cost‑reduction actions to lower the expense run rate. Longer term they reiterated an 8.8% CAGR for the lithium‑ion forklift segment through 2035, plan to roll out SkyLink telematics in a couple of months (and have 30,000+ batteries in the field), introduced GA315 and four GSE product lines, and highlighted software monetization opportunities—intelligent AI alerts that can improve uptime by 10–30% and mobile access that can reduce issue‑recognition time by 15–40%—backed by a newly granted state‑of‑health patent.Flux Power Holdings Financial Statement Overview
Summary
Income Statement
34
Negative
Balance Sheet
46
Neutral
Cash Flow
23
Negative
| Breakdown | TTM | Jun 2025 | Dec 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 60.77M | 66.43M | 60.82M | 66.49M | 42.33M | 26.26M |
| Gross Profit | 19.72M | 21.74M | 17.23M | 15.89M | 5.61M | 5.79M |
| EBITDA | -2.72M | -4.03M | -5.57M | -5.51M | -15.65M | -13.20M |
| Net Income | -5.08M | -6.67M | -8.33M | -7.74M | -16.47M | -12.79M |
Balance Sheet | ||||||
| Total Assets | 30.11M | 34.75M | 32.30M | 35.70M | 29.06M | 26.26M |
| Cash, Cash Equivalents and Short-Term Investments | 928.00K | 1.33M | 643.00K | 2.38M | 485.00K | 4.71M |
| Total Debt | 5.90M | 16.06M | 16.16M | 13.03M | 7.75M | 3.30M |
| Total Liabilities | 22.58M | 40.16M | 32.11M | 26.16M | 16.95M | 13.26M |
| Stockholders Equity | 7.54M | -5.40M | 194.00K | 9.55M | 12.11M | 13.01M |
Cash Flow | ||||||
| Free Cash Flow | -8.06M | -43.00K | -5.65M | -4.61M | -24.69M | -19.46M |
| Operating Cash Flow | -7.44M | 610.00K | -4.80M | -3.57M | -23.89M | -18.36M |
| Investing Cash Flow | -621.00K | -653.00K | -853.00K | -1.02M | -797.00K | -1.10M |
| Financing Cash Flow | 8.10M | 734.00K | 3.92M | 6.49M | 20.46M | 23.45M |
Flux Power Holdings Technical Analysis
Negative
1.14
Price Trends
1.28
Negative
1.39
Negative
2.08
Negative
Market Momentum
-0.06
Negative
45.41
Neutral
54.90
Neutral
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 1.14 is below the 20-day moving average (MA) of 1.14, below the 50-day MA of 1.28, and below the 200-day MA of 2.08, indicating a bearish trend. The MACD of -0.06 indicates Negative momentum. The RSI at 45.41 is Neutral, neither overbought nor oversold. The STOCH value of 54.90 is Neutral, 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% | |
59 Neutral | $113.18M | -3.21 | -4.35% | ― | 12.94% | -81.09% | |
48 Neutral | $72.25M | -7.95 | -0.03% | ― | -22.02% | -156.65% | |
48 Neutral | $1.31B | -1.53 | -153.56% | ― | ― | -394.37% | |
45 Neutral | $23.26M | 10.40 | 365.40% | ― | 2.14% | 5.01% | |
45 Neutral | $31.25M | -0.43 | -265.36% | ― | -3.53% | 24.37% | |
44 Neutral | $26.21M | -1.44 | 209.00% | ― | ― | 61.78% |
* Industrials Sector Average
FLUX
Flux Power Holdings
1.21
-0.28
-18.79%
CBAT
CBAK Energy Technology
0.82
0.12
16.86%
ULBI
Ultralife
7.47
3.06
69.39%
TE
T1 Energy
4.86
3.77
345.87%
GWH
ESS Tech
1.20
-1.11
-48.05%
SDST
Stardust Power
2.71
-3.71
-57.79%
Flux Power Holdings Corporate Events
Business Operations and StrategyFinancial DisclosuresPrivate Placements and FinancingRegulatory Filings and Compliance
Flux Power Faces Loan Default, Liquidity Risks Mount
Negative
Apr 3, 2026
On March 31, 2026, Flux Power Holdings, Inc. disclosed that it had failed to meet the minimum EBITDA covenant for the trailing three-month period under its existing Loan and Security Agreement with Gibraltar Business Capital, LLC, triggering an ev...
Executive/Board ChangesShareholder Meetings
Flux Power Shareholders Endorse Board and Auditor at Meeting
Positive
Mar 27, 2026
Flux Power Holdings, Inc. held its Annual Meeting of Stockholders on March 26, 2026, with 14,117,593 of 21,340,135 eligible common shares represented in person or by proxy, constituting a quorum. Shareholders elected directors Krishna Vanka, Dale ...
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.