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FLUX — Flux Power Holdings News Story

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Battery maker Flux Power's Q1 revenue misses estimates

Overview

Flux Power fiscal Q1 revenue declines to $13.2 mln, missing analyst expectations, vs $16.1 mln yr ago

Adjusted loss per share for fiscal Q1 misses analyst expectations

Company raised $13.8 mln in new capital to support growth initiatives

Outlook

Flux Power sees a rebound in order activity in the second quarter

Company plans to use $13.8 mln raised for working capital

Result Drivers

ORDER REBOUND - Co reports rebound in order activity in Q2 with multi-million-dollar orders from material handling customers and new airline customer

SKYEMS SOFTWARE - Co graduated SkyEMS 2.0 SaaS platform from beta to production, gaining multiple paying customers

UL LISTINGS - Co received UL EE and UL 1973 Listings, expanding market opportunities in various industries

Key Details

MetricBeat/MissActualConsensus Estimate
Q1 RevenueMiss$13.20 mln$14.29 mln (2 Analysts)
Q1 Adjusted EPSMiss-$0.14-$0.08 (2 Analysts)
Q1 Net Income-$2.60 mln
Q1 Adjusted EBITDAMiss-$1.70 mln-$786,000 (2 Analysts)
Q1 Basic EPS-$0.15
Analyst Coverage The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", no "hold" and no "sell" or "strong sell" Wall Street's median 12-month price target for Flux Power Holdings Inc is $6.00, about 60.5% above its November 12 closing price of $2.37 Press Release: ID:nGNX8J1jCj For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com. (This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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