Flux Power Appoints New VP of Sales for Material Handling
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 5 days ago
0mins
Source: Newsfilter
- Executive Appointment: Flux Power has appointed Stu Jacover as Vice President of Sales for Material Handling, bringing over 30 years of sales leadership experience in the material handling industry, where he has managed multi-million-dollar sales organizations, which is expected to drive market share growth for the company.
- Sales Strategy Leadership: In his new role, Jacover will lead Flux Power's material handling sales strategy, dealer engagement, and customer expansion initiatives, aiming to accelerate the adoption of lithium-ion energy solutions across the industry and enhance the company's competitive position.
- Industry Background: Jacover previously served as General Manager of National Accounts at Mitsubishi Logisnext Americas, managing a multi-million-dollar sales portfolio, and his extensive industry experience will help Flux Power strengthen partnerships with leading OEMs.
- Market Outlook: Jacover expressed excitement about joining Flux Power at a pivotal time for the company, noting that its commitment to innovation and customer partnership aligns perfectly with the direction of the material handling industry, which is expected to drive further growth in lithium-ion solutions.
Trade with 70% Backtested Accuracy
Stop guessing "Should I Buy FLUX?" and start using high-conviction signals backed by rigorous historical data.
Sign up today to access powerful investing tools and make smarter, data-driven decisions.
Analyst Views on FLUX
Wall Street analysts forecast FLUX stock price to rise
3 Analyst Rating
3 Buy
0 Hold
0 Sell
Strong Buy
Current: 1.120
Low
3.00
Averages
5.67
High
8.00
Current: 1.120
Low
3.00
Averages
5.67
High
8.00
About FLUX
Flux Power Holdings, Inc. designs, manufactures, and sells lithium-ion energy storage solutions for electrification of a range of industrial and commercial sectors including material handling, airport ground support equipment (GSE), and stationary energy storage. The Company’s lithium-ion battery packs, including the proprietary battery management system (BMS) and telemetry, provide customer ownership, and an environmentally friendly alternative, in many instances, to traditional lead acid and propane-based solutions. Its battery technology is designed with the flexibility to meet the energy requirements of diverse industries and applications, such as material handling vehicles and ground support equipment. Its batteries are designed with modular components which facilitate design flexibility that is adaptable to various applications. It also offers energy management solutions, which include real-time fleet monitoring and a customizable dashboard and reporting.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Flux Power Appoints New VP of Sales for Material Handling
- Executive Appointment: Flux Power has appointed Stu Jacover as Vice President of Sales for Material Handling, bringing over 30 years of sales leadership experience in the material handling industry, where he has managed multi-million-dollar sales organizations, which is expected to drive market share growth for the company.
- Sales Strategy Leadership: In his new role, Jacover will lead Flux Power's material handling sales strategy, dealer engagement, and customer expansion initiatives, aiming to accelerate the adoption of lithium-ion energy solutions across the industry and enhance the company's competitive position.
- Industry Background: Jacover previously served as General Manager of National Accounts at Mitsubishi Logisnext Americas, managing a multi-million-dollar sales portfolio, and his extensive industry experience will help Flux Power strengthen partnerships with leading OEMs.
- Market Outlook: Jacover expressed excitement about joining Flux Power at a pivotal time for the company, noting that its commitment to innovation and customer partnership aligns perfectly with the direction of the material handling industry, which is expected to drive further growth in lithium-ion solutions.
See More
Flux Power Q3 2026 Earnings Call Insights
- Revenue Decline: Flux Power reported third-quarter revenue of $6.6 million, down from $16.7 million year-over-year, primarily due to a capital freeze from its largest customer and dynamic ordering patterns, indicating signs of weakened demand that could impact future market share.
- Cost Control Measures: The company reduced operating expenses by 30% through headcount reductions and efficiency actions, which somewhat alleviated the pressure from declining revenues, but long-term profitability recovery remains a concern.
- Gross Margin Decline: The gross margin for the third quarter was 27.3%, down from 32% in the prior year, reflecting rising costs and increased market competition, with management actively seeking to improve margins through supply chain optimizations and product redesigns.
- Future Outlook: Management anticipates approximately 20% sequential revenue growth in the fourth quarter, despite challenges from geopolitical tensions, demonstrating cautious optimism about market recovery, but the timing of customer spending recovery remains critical.
See More
Flux Power Reports Q3 Loss with Significant Revenue Decline
- Earnings Miss: Flux Power Holdings reported a Q3 non-GAAP EPS of -$0.14, missing expectations by $0.09, indicating a continued deterioration in profitability that could undermine investor confidence.
- Significant Revenue Decline: The company posted Q3 revenue of $6.59M, a 60.6% year-over-year drop, falling short of expectations by $3.3M, reflecting weak market demand and inadequate sales strategies that may lead to future cash flow challenges.
- Stock Price Volatility: Following the earnings report, Flux Power's shares fell 18.5% in after-hours trading, signaling heightened investor concerns about the company's future prospects, which could impact its financing capabilities and market position.
- Customer Capital Freeze Impact: A major customer has imposed a capital freeze, leading to lowered near-term revenue expectations, prompting Flux Power to reassess its market strategy for AI-driven products to address impending debt covenant breach risks.
See More
Flux Power to Report Q3 2026 Results on May 7
- Earnings Release Schedule: Flux Power Holdings will report its fiscal Q3 2026 results on May 7, 2026, after market close, with CEO Krishna Vanka and CFO Kevin Royal hosting a conference call, emphasizing the company's commitment to transparency and investor relations.
- Conference Call Details: Scheduled for 4:30 p.m. ET, participants can join by calling 1-833-630-1956 or international number +1-412-317-1837, ensuring broad investor participation and reflecting the company's focus on effective communication.
- Replay Availability: For those unable to attend live, a replay will be available approximately two hours post-call until May 14, 2026, with the replay number being 1-855-669-9658, indicating the company's attentiveness to investor needs.
- Sustainability Commitment: Flux Power focuses on developing advanced lithium-ion energy storage solutions aimed at providing more environmentally friendly alternatives for industrial and commercial sectors, helping to reduce CO2 emissions and enhance sustainability and ESG metrics, showcasing the company's strategic positioning in environmental stewardship.
See More
Flux Power to Showcase Innovations at MODEX 2026
- Exhibition Participation: Flux Power will showcase its advanced lithium-ion battery solutions at MODEX 2026, taking place from April 13-16 at the Georgia World Congress Center, Booth B8108, aimed at enhancing efficiency in material handling and airport ground support equipment.
- SkyEMS Platform Upgrade: The latest version of the SkyEMS® platform features a mobile-first user interface that provides real-time alerts and notifications, enabling operators to proactively address issues before they impact operations, thereby improving operational efficiency and reducing costs.
- SOH Technology Innovation: Flux Power's newly patented State-of-Health (SOH) technology sets a new standard in battery lifecycle management by providing dynamic assessments of battery condition, optimizing maintenance intervals, and extending asset life, further promoting sustainability.
- Sustainability Award Nomination: Flux Power has been nominated as a finalist for the MODEX 2026 Innovation in Sustainability Award, highlighting its leadership in advancing clean energy solutions and helping customers reduce emissions through electrification.
See More
Flux Power Achieves First Profitability Amid Revenue Challenges
- First Profit Milestone: Flux Power Holdings achieved profitability for the first time in its history during Q2 2026, reporting a net income of $0.6 million, driven by disciplined expense optimization and a sequential revenue increase, although revenue declined from $16.8 million year-over-year.
- Strategic Initiative Progress: CEO Vanka highlighted advancements in five strategic initiatives including profitable growth and operational efficiencies, particularly through the adoption of AI-driven tools that enhance engineering design and daily operations, thereby strengthening the company's competitive position in the market.
- Product Innovation and Expansion: The company introduced its next-generation SkyLNK telematics device featuring machine learning and expanded sensing capabilities, expected to provide a competitive edge in high-performance battery systems, while the new GAT 315 battery expands offerings in the ground service equipment segment to better meet market demands.
- Future Outlook and Challenges: Despite anticipating a significant revenue decline in Q3 due to a capital freeze from its largest customer, Vanka remains optimistic about future market opportunities, noting that the lithium-ion forklift battery segment is projected to grow at an 8.8% CAGR, indicating long-term growth potential.
See More
Flux Power Appoints New VP of Sales for Material Handling
- Executive Appointment: Flux Power has appointed Stu Jacover as Vice President of Sales for Material Handling, bringing over 30 years of sales leadership experience in the material handling industry, where he has managed multi-million-dollar sales organizations, which is expected to drive market share growth for the company.
- Sales Strategy Leadership: In his new role, Jacover will lead Flux Power's material handling sales strategy, dealer engagement, and customer expansion initiatives, aiming to accelerate the adoption of lithium-ion energy solutions across the industry and enhance the company's competitive position.
- Industry Background: Jacover previously served as General Manager of National Accounts at Mitsubishi Logisnext Americas, managing a multi-million-dollar sales portfolio, and his extensive industry experience will help Flux Power strengthen partnerships with leading OEMs.
- Market Outlook: Jacover expressed excitement about joining Flux Power at a pivotal time for the company, noting that its commitment to innovation and customer partnership aligns perfectly with the direction of the material handling industry, which is expected to drive further growth in lithium-ion solutions.
See More
Flux Power Q3 2026 Earnings Call Insights
- Revenue Decline: Flux Power reported third-quarter revenue of $6.6 million, down from $16.7 million year-over-year, primarily due to a capital freeze from its largest customer and dynamic ordering patterns, indicating signs of weakened demand that could impact future market share.
- Cost Control Measures: The company reduced operating expenses by 30% through headcount reductions and efficiency actions, which somewhat alleviated the pressure from declining revenues, but long-term profitability recovery remains a concern.
- Gross Margin Decline: The gross margin for the third quarter was 27.3%, down from 32% in the prior year, reflecting rising costs and increased market competition, with management actively seeking to improve margins through supply chain optimizations and product redesigns.
- Future Outlook: Management anticipates approximately 20% sequential revenue growth in the fourth quarter, despite challenges from geopolitical tensions, demonstrating cautious optimism about market recovery, but the timing of customer spending recovery remains critical.
See More
Flux Power Reports Q3 Loss with Significant Revenue Decline
- Earnings Miss: Flux Power Holdings reported a Q3 non-GAAP EPS of -$0.14, missing expectations by $0.09, indicating a continued deterioration in profitability that could undermine investor confidence.
- Significant Revenue Decline: The company posted Q3 revenue of $6.59M, a 60.6% year-over-year drop, falling short of expectations by $3.3M, reflecting weak market demand and inadequate sales strategies that may lead to future cash flow challenges.
- Stock Price Volatility: Following the earnings report, Flux Power's shares fell 18.5% in after-hours trading, signaling heightened investor concerns about the company's future prospects, which could impact its financing capabilities and market position.
- Customer Capital Freeze Impact: A major customer has imposed a capital freeze, leading to lowered near-term revenue expectations, prompting Flux Power to reassess its market strategy for AI-driven products to address impending debt covenant breach risks.
See More
Flux Power to Report Q3 2026 Results on May 7
- Earnings Release Schedule: Flux Power Holdings will report its fiscal Q3 2026 results on May 7, 2026, after market close, with CEO Krishna Vanka and CFO Kevin Royal hosting a conference call, emphasizing the company's commitment to transparency and investor relations.
- Conference Call Details: Scheduled for 4:30 p.m. ET, participants can join by calling 1-833-630-1956 or international number +1-412-317-1837, ensuring broad investor participation and reflecting the company's focus on effective communication.
- Replay Availability: For those unable to attend live, a replay will be available approximately two hours post-call until May 14, 2026, with the replay number being 1-855-669-9658, indicating the company's attentiveness to investor needs.
- Sustainability Commitment: Flux Power focuses on developing advanced lithium-ion energy storage solutions aimed at providing more environmentally friendly alternatives for industrial and commercial sectors, helping to reduce CO2 emissions and enhance sustainability and ESG metrics, showcasing the company's strategic positioning in environmental stewardship.
See More
Flux Power to Showcase Innovations at MODEX 2026
- Exhibition Participation: Flux Power will showcase its advanced lithium-ion battery solutions at MODEX 2026, taking place from April 13-16 at the Georgia World Congress Center, Booth B8108, aimed at enhancing efficiency in material handling and airport ground support equipment.
- SkyEMS Platform Upgrade: The latest version of the SkyEMS® platform features a mobile-first user interface that provides real-time alerts and notifications, enabling operators to proactively address issues before they impact operations, thereby improving operational efficiency and reducing costs.
- SOH Technology Innovation: Flux Power's newly patented State-of-Health (SOH) technology sets a new standard in battery lifecycle management by providing dynamic assessments of battery condition, optimizing maintenance intervals, and extending asset life, further promoting sustainability.
- Sustainability Award Nomination: Flux Power has been nominated as a finalist for the MODEX 2026 Innovation in Sustainability Award, highlighting its leadership in advancing clean energy solutions and helping customers reduce emissions through electrification.
See More
Flux Power Achieves First Profitability Amid Revenue Challenges
- First Profit Milestone: Flux Power Holdings achieved profitability for the first time in its history during Q2 2026, reporting a net income of $0.6 million, driven by disciplined expense optimization and a sequential revenue increase, although revenue declined from $16.8 million year-over-year.
- Strategic Initiative Progress: CEO Vanka highlighted advancements in five strategic initiatives including profitable growth and operational efficiencies, particularly through the adoption of AI-driven tools that enhance engineering design and daily operations, thereby strengthening the company's competitive position in the market.
- Product Innovation and Expansion: The company introduced its next-generation SkyLNK telematics device featuring machine learning and expanded sensing capabilities, expected to provide a competitive edge in high-performance battery systems, while the new GAT 315 battery expands offerings in the ground service equipment segment to better meet market demands.
- Future Outlook and Challenges: Despite anticipating a significant revenue decline in Q3 due to a capital freeze from its largest customer, Vanka remains optimistic about future market opportunities, noting that the lithium-ion forklift battery segment is projected to grow at an 8.8% CAGR, indicating long-term growth potential.
See More
