Flux Power Q3 revenue misses analyst estimates on major customer capital freeze

Flux Power Holdings

07/05/2026 22:34

Overview

US lithium-ion battery maker's fiscal Q3 revenue fell sharply, missing analyst expectations

Adjusted EBITDA loss widened in Q3, missing analyst estimates

Company cut operating expenses by 30% yr/yr after cost reduction actions

Outlook

Flux Power expects about 20% sequential revenue growth in the fourth quarter

Company sees increased order activity across the business

Flux Power remains focused on strategic initiatives amid growth in the global lithium-ion battery industry

Result Drivers

MAJOR CUSTOMER CAPITAL FREEZE - Co said Q3 revenue was mainly impacted by its largest material handling customer implementing a capital freeze

ORDER DELAYS FROM GEOPOLITICAL TENSIONS - Co said the onset of geopolitical tensions late in the qtr led to fuel price increases that delayed some customer order decisions

COST REDUCTION ACTIONS - Co, during qtr, implemented additional cost reduction actions, reducing operating expenses by 30% yr/yr

Company press release: ID:nGNX5G3bQG

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Miss
$6.60 mln
$9.89 mln (3 Analysts)
Q3 EPS
-$0.15
Q3 Net Income
-$3.20 mln
Q3 Adjusted EBITDA
Miss
-$2.50 mln
-$709,670 (3 Analysts)
Q3 Basic EPS
-$0.15
Q3 Gross Profit
$1.80 mln


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 $4.00, about 200.8% above its May 6 closing price of $1.33

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@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.)