Brief: Flux Power To Write Down $1.7 Million In Obsolete Inventory

Flux Power Holdings

05/09/2024 21:27

Sept 5 (Reuters) - Flux Power Holdings Inc  FLUX.O :
    * FLUX POWER TO WRITE DOWN $1.7 MILLION IN OBSOLETE
INVENTORY,
REQUIRING RESTATEMENT OF CERTAIN PREVIOUSLY ISSUED FINANCIAL
STATEMENTS
    * FLUX POWER - EXPECTS $16 MILLION REVOLVING CREDIT FACILITY
WITH
FINANCING PARTNER GIBRALTAR BUSINESS CAPITAL REMAINS AVAILABLE
SUBJECT TO SOME CONDITIONS
    * FLUX POWER HOLDINGS INC - WILL RESTATE PREVIOUSLY ISSUED
FINANCIAL STATEMENTS FOR FISCAL YEAR 2023 AND INTERIM PERIODS OF
FISCAL YEAR 2024

Source text for Eikon:  ID:nBwc6VTp2a 
Further company coverage:  FLUX.O 

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