FLUX News & Events

Reports Q2 revenue $14.12M, consensus $15.55M. "Our second quarter results reflected evidence of the continued progress on our strategic initiatives of implementing operational efficiencies and achieving profitability for the first time in the Company's history," said Krishna Vanka, Flux Power's CEO. "Revenue increased sequentially as orders rebounded after a pause last quarter due to tariffs and pricing. Notably, we reduced core operating expenses approximately 31% sequentially, excluding the benefit from an accrual reversal, as a result of our implemented cost reductions. We also increased gross margin 610 basis points from the prior quarter, collectively contributing to our achievement of GAAP profitability.

Flux Power Holdings provided the following notice of an Order from the United States District Court for the Southern District of California related to the proposed settlement of derivative action: "You are hereby notified, pursuant to the December 8, 2025 Preliminary Approval Order entered in the above-captioned shareholder derivative action, that a Stipulation and Agreement of Settlement dated August 12, 2025 has been entered to resolve the shareholder derivative claims pending on behalf of nominal defendant Flux Power in the United States District Court for the Southern District of California. The Action arises from allegations that the Individual Defendants breached their fiduciary duties as officers and directors of Flux Power by making false and/or misleading statements and/or failing to disclose that: (i) Flux Power's financial statements from November 10, 2022 to the filing of the Complaint included, among other things, overstated inventory, gross profit, current assets, and total assets; (ii) Flux Power understated its cost of sales and net loss; (iii) as a result, Flux Power would need to restate its previously filed financial statements from November 10, 2022 to the filing of the Complaint; (iv) Flux Power understated its internal control weaknesses and/or stated that it had adequate internal controls when it did not; and (v) as a result, the Individual Defendants' statements about its business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis. As a result of this alleged wrongdoing, the Action alleges the Company suffered damage. In connection with, and conditioned upon, the Settlement, Flux Power has agreed to implement and/or maintain corporate governance reforms, as defined and set forth in the Stipulation. The Parties believe that the Settlement is fair, reasonable, and in the best interests of the Company and its stockholders"

Flux Power announced that it has secured more than $3.6M in additional purchase orders to support a long-standing airline customer. This marks another milestone for the company's leadership and its continued growth in the aviation sector. The renewed commitment from a recurring customer reflects proven performance and reliability, reinforcing the company's role as a trusted partner for mission-critical operations at airports across North America. "Our customers count on us to deliver high quality intelligent energy systems that improve reliability, streamline operations, and support long-term sustainability goals," said Jeff Mason, Chief Operating Officer of Flux Power. "These orders highlight the value of our technology and the confidence the aviation market has in our solutions. We are committed to delivering data-driven energy systems that empower airlines to operate smarter and safer."

Flux Power announced that the United States Patent and Trademark Office has issued U.S. Patent to Flux Power for determining a State of Health, SoH, of a battery pack. The patent covers Flux Power's proprietary technology for monitoring and extending the life of lithium-ion battery systems through intelligent analysis of battery performance data.