Flux Power Holdings rises on higher Q4 revenue

Flux Power Holdings

23/09/2022 18:29

** Shares of Flux Power Holdings Inc  FLUX.O  up 3.4% at
$2.73, on course to snap a five-day losing streak
    ** Company posts higher Q4 revenue on Thursday after markets
close 
    ** FLUX's Q4 revenue rose 83% to $15.2 million, helped by
strong demand and higher selling prices  urn:newsml:reuters.com:*:nBw8LQM8Da
    ** Company's Q4 gross profit rose to $7.3 million, compared
to $5.8 mln, a year earlier 
    ** However, Q4 net loss widened to $15.6 million from $12.8
million, a year earlier
    ** Stock has fallen ~37% this year
 (Reporting by Ananya Mariam Rajesh in Bengaluru)
 ((AnanyaMariam.Rajesh@thomsonreuters.com ; Twitter: https://twitter.com/AnanyaMariam))